In order to continually provide our members with the highest level of service, Affinity FCU is seeking a Credit Risk Manager to join our team.
The Credit Risk Manager will be part of the finance team, working closely with both the accounting and treasury teams, as well as loan origination teams, loan servicing and member care (collections) to manage the efficient growth of our loan portfolio. The candidate will manage the credit union’s credit risk exposure for Affinity’s loan and investment portfolios through the development and maintenance of credit measurements, risk assessments and on-going monitoring of each lending product. Based upon these ongoing reviews, the Credit Risk Manager will recommend both areas of growth and relevant credit risk mitigation strategies to mitigate portfolio credit risks. In this key role, the Credit Risk Manager serves as an independent and objective opinion for all credit risk related items that affect Affinity’s lending activities.
The starting salary range for a new hire in this role is $105k to $125k. The wage/salary offered to a successful candidate will be dependent on several qualifying factors, including but not limited to: years of relevant experience, years of industry experience, education, etc.
This position is HYBRID, with onsite work required 50% of the time at our corporate headquarters in Basking Ridge, NJ.
Essential Duties & Responsibilities
- Establish and monitor risk appetite statement for products and the portfolio
- Manage concentrations, product and portfolio risk limits
- Inform underwriting, credit approval and product pricing
- Organize data to enhance credit and product reviews including review of external data sources used
- Monitor credit performance – monthly summary reporting, periodic deep dives on certain asset classes, establish feedback loop to underwriting
- Perform stress testing – both standalone credit stresses and part of budgeting process
- Enhance management of CECL calculations
- Improve portfolio efficiency, both risk and profitability – loan restructuring, sales, hedges, securitization and changes in origination targets to diversify portfolio
- Management and Board reporting – portfolio analysis, roll rate reports and vintage loss curves, etc.
- Member of Credit Quality Committee
- Accumulates, analyzes and reports to Credit Quality Committee on a monthly basis
- Makes monthly credit risk summary report to ALCO
- Interaction with NCUA regulators, internal and external auditors
Education and Experience Requirements
Bachelor’s degree in Finance or related field required. Minimum 5 years of financial services experience – banking or credit union experience is required. Master’s degree and professional designations (CFA, CPA, CTP), beneficial but not required.
MINIMUM QUALIFICATIONS
- Prior experience with lending, risk and accounting functions
- Excellent financial analysis skills, including the ability to successfully execute on projects with minimal guidance to draw appropriate conclusions from large amounts of financial data
- Excellent verbal and written presentation skills, with the ability to present to executive management
- In-depth understanding of banking/credit union industry financial analysis
- Must have very strong Excel and PowerPoint skills
Affinity strives to maintain balance between our employees’ personal and professional responsibilities. All full-time employees are eligible to participate in our multi-faceted Total Rewards package including competitive pay, target incentive, full medical/dental/prescription/vision coverage, comprehensive wellness program, mental wellbeing support, reproductive/family building benefits for both men and women, 401(k) plan with company match, basic term life insurance coverage, flexible spending accounts, identity protection, profit sharing, and generous paid time off. As an Affinity employee you are eligible for discounts on our products and services, earn paid time off for volunteering and much more. In addition to these benefits, Affinity provides extensive educational and developmental opportunities as well as access to our formal Education Assistance Program.
Affinity Federal Credit Union is an Equal Opportunity Employer
Affinity FCU is committed to creating an inclusive culture and an employment experience that values diversity. Our culture is built on respect - one that recognizes and values the unique talents of everyone on the team. With a genuine commitment to diversity, we’ve created an environment where employees feel comfortable regardless of race, gender, religion, background, physical ability, or sexual orientation.
Explore career opportunities with Affinity and "Belong to something better."
Please scroll down and read the Applicant Statement in its entirety.
Applicant Statement
I promise that all information I have supplied in this application and any other form, oral or written, is true and accurate, and I agree that any misstated, misleading, omitted, or false information will result in rejection of this application form, refusal to hire, withdrawal of an offer of employment, or immediate discharge without recourse, whenever and however discovered.
I understand and agree that Affinity Federal Credit Union, any agent acting on its behalf, as well as any other person responding to a reference request pursuant to this application, can and will seek and/or disclose any and all information about me which said corporation, agent, or person may have. I specifically authorize said disclosure and agree to hold all such corporations, agents, or persons harmless.
I understand and agree to the fact that Affinity Federal Credit Union maintains a drug-free workplace and that I will be required to undergo a drug urine screening check. I understand and agree to the fact that Affinity will also conduct a criminal history background and credit report check. I understand and agree that said pre-employment checks are designed to ascertain my suitability for employment. I specifically authorize said disclosure of this confidential information and agree to hold Affinity Federal Credit Union, its agents, managers, officers, and employees harmless from any and all liability in connection with the pre-employment screening/testing. Additionally, I agree to comply with all request for additional testing of any type and at anytime during my employment at Affinity Federal Credit Union.
I understand that all employment offers are made contingent upon satisfactory proof of legal authorization to work in the United States according to the law. I understand that failure to provide satisfactory proof of identity and authorization to work in the United States will disqualify me from employment.
If hired, I agree to abide by the terms and conditions of all Affinity Federal Credit Union policies and procedures. I understand I will not be employed, or my employment will be terminated, if I am or have been convicted of a criminal offense involving dishonesty, breach of trust or money laundering, or if I admit, plead guilty or nolo contender, or have to such an offense or if I agree or have agreed to enter into a pretrial diversion or similar program in connection with a prosecution such an offense.
I understand and agree that my employment will be at will and that I or Affinity Federal Credit Union may terminate this employment relationship at any time, with or without notice, for any or no reason, without recourse by either of us. I also understand that oral representations to the contrary do not change the fact that both the Company and I maintain free to end the work relationship for any or no reason. I further understand that any changes in this employment relationship must be made in writing.
I acknowledge that at anytime during my employment with Affinity Federal Credit Union, the hours and/or days that I am expected to work may be changed to accommodate the needs of the business. In addition, I am also expected to work at various Affinity Federal Credit Union locations.
I acknowledge that I have been advised that Affinity Federal Credit Union is an Equal Opportunity Employer and that Affinity Federal Credit Union administers its employment policies in a nondiscriminatory manner. I specifically authorize Affinity Federal Credit Union to investigate my background, including any and all references, and prior employers, consistent with the position for which I am applying, and release and hold Affinity Federal Credit Union harmless for any and all liabilities arising out of its investigation of my application for employment. I authorize the Company, in its sole discretion, to supply my employment record to any prospective employer, government agency, or other party with an interest that the company deems appropriate.
I understand that this application is not a contract of employment.
If you agree to this disclaimer, you authorize the Company to process the application in accordance with the Company’s established hiring practices.
By completing this online application for employment opportunities at Affinity Federal Credit Union, I acknowledge reading, understanding and agreement of the Applicant Statement.
Keywords: credit risk, credit analyst, risk analyst
