Director of Credit Risk Oversight

VirtualVocations

Chula Vista, US

On-siteCareer-pivot friendly

Why this role

Pace

Steady

The role requires a steady and methodical pace, as evidenced by the need to continuously monitor portfolio performance and identify emerging risks, which demands a consistent and thorough approach to risk management.

Collaboration

Medium

Collaboration is a key aspect of this role, as the Director must work closely with various teams to ensure regulatory compliance and support regulatory exams and audits, indicating a need for strong interpersonal skills and teamwork.

Autonomy

High

This position demands a high level of autonomy, as the Director is responsible for providing independent oversight and challenging credit underwriting and pricing strategies, which requires the ability to make independent judgments.

Decision Impact

Company

Decisions made in this role have significant financial and regulatory implications, as the Director must ensure adherence to consumer lending regulations and support regulatory exams and audits, highlighting the critical nature of the decisions.

Role Level

Manager

The complexity of the role is high, given the need for a deep understanding of credit risk models, decision strategies, and consumer lending regulations, as well as the ability to address fair lending and model governance risks.

Career Pivot Friendly

Welcomes transferable skills

Individuals with experience in roles such as Compliance Officer or Risk Analyst in financial services can transition smoothly into this position, leveraging their existing knowledge of regulatory compliance and risk management.

Derived from job-description analysis by Serendipath's career intelligence engine.

What success looks like

Provided independent oversight
Monitored portfolio performance
Supported regulatory exams

Typical background

10+ years of experience in credit risk managementExperience in independent oversight functions

Transferable backgrounds

Coming from Compliance Officer in a financial institution
Regulatory Compliance · Risk Management
The experience in ensuring adherence to regulatory frameworks and managing risk in a financial setting directly translates to the responsibilities of a Director of Credit Risk Oversight.
Coming from Risk Analyst in consumer lending
Credit Risk Analysis · Portfolio Performance Monitoring
A background in analyzing credit risks and monitoring portfolio performance provides the necessary skills to oversee and challenge credit underwriting and pricing strategies.

Skills & requirements

Required

Credit Risk ManagementIndependent OversightRegulatory ComplianceModel RiskAudit

Preferred

Fair LendingModel Governance

Stack & domain

Consumer LendingCredit Risk ManagementRegulatory Exams

About the role

The Director of Credit Risk Oversight plays a pivotal role in ensuring the integrity of consumer lending practices by overseeing credit underwriting, loan pricing, and regulatory compliance, making it ideal for someone with a robust background in credit risk management and a keen eye for regulatory adherence.

Original posting from VirtualVocations

A company is looking for a Director of Credit Risk Oversight in Consumer Lending.
Key Responsibilities :
Provide independent oversight and challenge of credit underwriting, loan amounts, pricing, and portfolio performance strategies
Monitor portfolio performance and identify emerging risks and trends
Ensure adherence to consumer lending regulations and support regulatory exams and audits
Qualifications :
10+ years of experience in credit risk management, underwriting, or portfolio risk within consumer lending
Experience in independent oversight functions such as 2LOD, model risk, or audit
Deep understanding of credit risk models and decision strategies
Strong knowledge of consumer lending regulations, including ECOA, FCRA, and UDAAP
Experience in addressing fair lending and model governance risks preferred

Source: VirtualVocations careers