Director II, Credit Strategies

Company: SMB Business Development, Inc.
Location: Newark
Posted on: January 24, 2023

Job Description:

When you join Sallie Mae, you become a champion for all students.We're on a mission to power confidence as students begin their unique journey. To help them plan their higher education, successfully finish, and prepare for life after school. To help them Start smart. Learn big.Students need guidance navigating this important time in their life. They need someone who acknowledges that their education path is unique. They need a partner willing to evolve and not only meet but surpass their expectations. We're changing. Because students need a better way.We're looking for people who are excited to drive this transformation. To break barriers and think of new ways to adapt, help, and create better experiences for students-and for each other.This is where diverse backgrounds, beliefs, and perspectives matter. It's where you're empowered to bring your authentic self to work.Feeling your best allows you to do your best. Our benefits take care of the whole you-from physical and mental to financial and professional. You'll get opportunities to further your education and career, support for you and your family (including your pets!), paid time off to volunteer for the things that matter to you, and more.We're obsessed with impact and making a real difference. For us, that means putting relationships first, asking "why not?" when tackling challenges, and continuously learning new skills.Come do more than join something, change something. For students, for future generations, for the future of education.What You'll ContributeThe Director II of Credit Strategy is a position of visibility as he/she is a central point for credit strategy analysis and validation. Attention to detail (data accuracy) combined with the ability to present to senior audiences requires a highly disciplined and poised individual. Management depends on the Director II of Credit Strategy for daily, weekly, and monthly updates. He/she must be able to communicate complex data in a simplified format for strategic discussions.The Director II of Credit Strategy is a motivated self-starter with a passion for digging into data and communicating credit underwriting trends to Senior Management. He/she will conduct in-depth analysis, present to Management, and produce ad-hoc analysis tied to Management inquiries regarding credit profiles and strategy impacts.The Director II will be expected to provide recommendations on how to improve existing strategies, and design new controls to provide enhanced first line of defense oversight in line with all internal policies, laws, and regulatory guidelines. An ideal candidate will have an extensive background in credit strategies, have experience working with Regulatory agencies, and have advanced analytic capabilities. The Director II of Credit Strategy must also show strong leadership qualities while mentoring or managing a team of strategy analysts.What You'll Do--- Works in defining Credit Strategy Analytics. 40%--- Supports Audit and Regulatory Response. 35%--- -Leads ad-hoc projects. 15%--- -Leads a team of Analysts.10%The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role.What You HaveMinimum Education, Skills and Experience Required

• Bachelor's Degree, Business, Economics, Statistics or related field or equivalent work experience
• 8+ years of experience in credit analytics, credit strategy, or loss mitigation analytics in the financial services industry
• 5+ years of experience with SAS and SQL
• Strong analytic & problem-solving skill
• Ability to understand complex regulatory requirements
• Experience managing projects, planning, implementation, and reporting
• Build partnerships and work collaboratively with others to meet shared objectives
• Leadership skills including leading and delivering initiatives without direct supervision
• Experience working with in a consumer lending environment with experience in credit underwriting strategy
• Proven ability to communicate effectively to all audience levels in a concise manner
• Ability to operate in a fast- paced, time-sensitive environment effectively managing multiple and changing priorities
• Proficient in Microsoft Office Suite of productsPreferred Education, Skills and Experience
  • Previous experience in consumer credit field strongly desiredThe Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers, in compensation and employment opportunities, against qualified individuals with disabilities who, with or without reasonable accommodation, can perform the "essential functions" of a job. A function may be essential for any of several reasons, including: the job exists to perform that function, the employee holding the job was hired for his/her expertise in performing the function, or only a limited number of employees are available to perform that function.Not the right fit? - Let us know you're interested in a future opportunity by clickingIntroduce Yourselfin the top-right corner of the page or create an account to set up email alerts as new job postings become available that meet your interest!Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. Click to view the U.S. Pay Transparency Policy.Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process. To request an accommodation please call (855) 756-2007 and choose option 9. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

Keywords: SMB Business Development, Inc., Newark , Director II, Credit Strategies, Executive , Newark, New Jersey