Company: Fifth Third Bank
Employee Type: Full-Time
Job Type: Management
Job Posted Date: 8/7/2014
Consumer Risk Modeling Manager-
Employment Type : RegularFLSA Status : ExemptPosted Date : 6/6/2014Grade : 87Affiliate : FIFTH THIRD BANK, CINCINNATI
TITLE: Consumer Risk Modeling Manager
Fifth Third Bank is looking for a strong candidate to fill a Modeling Manager role in the Consumer (Auto, Credit Card, Home Equity, and Mortgage) Analytics group. The Manager will develop, validate, and implement credit risk tools and models to support underwriting, loss forecasting, stress testing, and collections. This role is viewed as a critical source of insight into the Bancorp's credit risk measurement and mitigation strategies and will be expected to ensure the optimal credit risk appetite and returns are realized for lines of business, affiliates, and customer relationships. This position will ensure decisions and strategies around the Bancorp's use of credit underwriting standards, forecasting methodologies, stress testing, collection models, and allowance for Loan Loss methodologies. This is a high profile role, reporting up through the Chief Credit Officer.
ESSENTIAL DUTIES & RESPONSIBILITIES:
* Model Development, Documentation and Validation
o Lead and develop underwriting scorecards for Auto, Credit Card, Home Equity, and Mortgage
o Lead and develop predictive models for consumer portfolio management
o Develop scorecards and calling strategies for early stage and late stage collections
o Develop consumer loss forecasting methodologies to assist in
producing sophisticated analytics for the purpose of providing senior management with more
accurate near-term and long-term credit forecasts. Develop and enhance forecasting models
using default probabilities and loss given default measures.
o Assist in developing stress testing models (PD, LGD, EAD)
* Credit Risk Measurement and Mitigation
o Support active consumer portfolio management by providing assessments such as
concentration analyses, capital consumption and allocation analyses, and transition matrices with
recommended actions to reduce overall risk in the portfolio
o Prepare consumer portfolio performance reviews to identify deterioration and weakening trends
in various asset classes, industries, and geographies
o Develop appropriate risk mitigation framework and continuous monitoring, including presentation
to senior management
o Develop tools to evaluate the effectiveness of various credit risk hedging/mitigation strategies
employed by the bank
SUPERVISORY RESPONSIBILITIES: Attract, develop, and retain the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments. Responsible for providing employees timely, candid and constructive feedback; developing employees to their fullest potential and providing challenging opportunities that enhance employee career growth.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
* Advanced degree in statistics/mathematical, finance or other quantitative field or commensurate experience.
* Minimum of 7 years of hand-on credit risk management and modeling experience
* Good knowledge of the consumer credit risk models existing in the market, experience in statistical modeling and model validation
*Database experience, SQL and VBA. SAS experience is a necessity.
* Able to explain complex methodological and modeling concepts to senior management
* Ability to understand complex issues and develop meaningful analyses and recommendations to various levels of management including top executive management
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $130 billion in assets, operates 17 affiliates with 1,320 full-service Banking Centers, including 104 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,586 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 25% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2013, had $302 billion in assets under care, of which it managed $27 billion for individuals, corporations and not-for-profit organizations.
Fifth Third Bank is proud to be an affirmative action/equal opportunity employer. Minorities / Females / Individuals with Disabilities / Protected Veterans
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