Job Summary:

WEX Bank located in Midvale, Utah is seeking a dynamic Senior Portfolio Risk and Policy Manager to oversee key Credit related responsibilities for a Commercial Lending portfolio comprised of small, medium, and large enterprises. The top candidate will have experience and passion in leading and developing Credit Risk Policies, Reports, Analysis, and integrating models in order to align portfolio performance with the bank's credit loss forecast, risk appetite, and risk optimization goals.

This role is Newly added and will report to the Chief Risk Officer (CRO) as a key individual in building out the bank's Credit Risk strategies, capabilities, and future growth of the bank.

Ideally this role would be located in Utah. WEX will consider remote work post COVID for an experienced professional.

The ideal candidate will have the opportunity to:

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  Lead Credit Policy:

  
  
  
  

  • Maintain, review, develop, and document all bank Credit Risk policies across all products and lines of business

  
  

  • Lead Credit Policy development and changes that support business initiatives, new products, policy expansions, and or policy restrictions that align with either the bank's risk appetite or overall business strategy

  
  

  • Support the establishment of a Credit Policy framework and Underwriting Standards / Guidelines that define Risk Acceptance Criteria (RAC's) and Policy Exception Criteria for onboarding of new customers and credit risk exposure on existing customers

  
  

  • Act as a 2nd line of defense and challenge function related to all operational activities, business and or Parent led initiatives that would materially impact Credit Risk performance of the bank's portfolios

  
  
  
  

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  Provide Governance:

  
  
  
  

  • Ensure all Credit Policy changes are documented, analyzed, and approved according to Bank policy. Establish version controls for maintenance of policies; including elements of model and data governance

  
  

  • Confirm that all Credit Engine rules and Operational processes related to credit line management are aligned with approved Credit Policy through RCSA's, QA testing, and reports monitoring

  
  

  • Support bank CRO in developing a bank Risk Appetite, and managing the bank's Credit Committee in line with the Credit Committee Charter

  
  

  • Oversee Credit Risk Issues Management program and execution related to internal audit and or regulatory findings

  
  

  • Ensure that all Credit Policy and processes align with Regulatory and Compliance guidance

  
  
  
  

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  Own the Analysis and reporting of key data:

  
  
  
  

  • Analyze Industry and Commercial product trends for Credit Policy benchmarking vs. competition

  
  

  • Leverage Parent Company analytical and reporting resources for establishing performance KPI benchmarks

  
  

  • Drive regular or ad hoc analysis of portfolio where key KPI's are performing outside of prescribed risk appetite or profitability expectations

  
  

  • Leverage analytics tools such as tableau to perform portfolio analysis to drive profitable volume, margin, credit loss trade offs

  
  

  • Support CRO in development of standardized reporting of portfolio risk metrics for monthly analysis, Credit Committee, and Board reporting

  
  
  
  

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  Oversee analysis for New Products:

  
  
  
  

  • Support "test and learn" initiatives that may lead to Credit Policy changes in support of positive risk vs. reward tradeoffs

  
  

  • Develop business case analysis template for all business initiatives that impact portfolio credit risk profile

  
  

  • Liaison with business as Credit Risk subject matter expert for all business development activities

  
  

  • Create Business Requirements Documents (BRD's) for all credit policy changes for system implementation

  
  

  • Support development and design of all system processes that support execution of Credit Policy

  
  
  
  

Qualifications:

• Bachelor of Science required. (In accounting, business, or finance degree preferred)




• 10+ years of Credit Risk Analysis and Policy Management experience (both Commercial and Consumer risk preferred)




• Preferred Certifications: Chartered Financial Analyst (CFA) Credit Business Associate (CBA) Credit Analysis (RMA)




• Strong working knowledge of Commercial Lending terminology, various products, and risk tools for managing credit risk




• Advanced understanding of credit policy development, documentation, use of performance KPI's, and logistic regression models




• Working knowledge and general experience with various credit tools (i.e. D&B, Equifax, Experian, etc.)




• Sound understanding of credit and banking laws and regulations




• Ability to develop and maintain good business relationships while maintaining independent risk judgement




• Must pass a successful background investigation.




• Advanced computer skills using Microsoft, Excel, and G-Suite office, and Windows O/S




• Preferred experience in PeopleSoft, Moody's, Tableau, and SAS




• Demonstrated ability to establish strong relationships with superiors, peers, customers, and vendors.




• Strong negotiation, problem resolution, and analytical skills




• Self-directed and motivated to act within decision-making authority. Seeks guidance from management as appropriate




• Accurately & consistently evaluates complex messages and responds appropriately to all issues and concerns

Equal Opportunity Employer/Vets/Disability