New

Director, Credit Risk Unsecured Installment Lending

First National Bank of Omaha
vision insurance, tuition assistance, 401(k)
United States, Nebraska, Omaha
Feb 20, 2025
At FNBO, our employees are the heart of our story-and we're committed to their success! Please see below the details of this career opportunity and how it fits into our organization's success. Our Modern, Flexible Workplace: We believe in a Modern, Flexible Workplace, and we are continuously exploring advancements in technology and office environments to make it easier to work from anywhere at any time, allowing for more flexibility in where and how you work. We know that choice and flexibility are important to you. We also recognize that flexible and remote positions can become opportunities for military partners, caregivers, and individuals with disabilities to thrive at our company. We invite you to consider what a Modern, Flexible Workplace can mean for you! It is anticipated that an incumbent in this role will work remotely for three (3) or more days a week and will share a hoteling workspace when working onsite. Work location is subject to change based on business needs. Summary of the Job: The Director of Credit Risk will be responsible for owning the credit risk strategies for POSL and the development and monitoring of FNBO's Unsecured Installment Loan P&L Loss Forecasting for all unsecured loan products. This role requires the combination of excellent analytical expertise with strong business knowledge of the unsecured loan products and their loss performance. Key tasks include designing loss curves based on sound data analysis and assumptions, collaborating with stakeholders to create strong credit risk strategies, and ensuring compliance and quality in executing approved processes. Additionally, the role involves managing sound UAT testing for POSL and creative problem solving for managing risk while maximizing partner and customer experience. We would like this role to be in Omaha, NE or the surrounding area. About This Role: Key Accountabilities include: Manage the POSL business within the approved risk appetite Develop, obtain approval, implement, and manage credit strategies for POSL products Independently evaluate and analyze ongoing performance of portfolio/partners, including understanding of root cause for performance, and effectively manage improvement for underperformance and maximization for high performance Clear communication of complex analysis and strategy recommendations Strong collaboration with cross functional stakeholders to move the unsecured installment loan business forward Design strategic plan for P&L loss forecasting of unsecured installment loans based on the available information for each product Creation of loss curves for all unsecured installment loan products Work closely with the Product, Technology and Business teams to ensure no issues with quality and or compliance of credit strategies Have a holistic view of how partner, product, term, and channel impact expected credit performance Support on-going internal and external audits by maintaining strong documentation The Ideal Candidate for This Role: Bachelor's degree in Statistics, Data Science, Mathematics, Finance, Business or related field; advanced degree preferred 8+ years of experience in credit analytics, risk management, or a related field 3+ years in analytical tools (e.g., SQL, Python) Demonstrated expertise in understanding and developing credit strategies and loss curves Strong knowledge of industry regulations and compliance requirements Exceptional communication and leadership skills, with the ability to influence stakeholders at all levels. Ability to direct the resolution of highly complex or unusual business problems Proven track record of sound decision making practices Ability to manage competing and at time complex priorities - experience in fast paced environments Compensation: Compensation range (base pay): $95,857.00-$162,957.00 This role may have a specific starting pay within this range. Final compensation offer to candidate may vary from posted hiring range based upon work experience, education, and/or skill level. Benefits Overview: We offer a variety of benefits designed to keep you and your family physically and financially healthy. Not only do we offer a competitive salary and work-life balance, we offer benefits to match your needs: Medical, Dental, Vision Insurance 401k, With Matching Contributions Time Off Programs Health Savings Account (HSA)/Dependent Care Employee Banking Growth Opportunities Tuition Assistance Short-Term/Long-Term Disability Insurance Learn more about FNBO benefits here: https://www.fnbo.com/careers/benefits/. For additional information regarding compensation and benefits, e-mail FNBO at TAGAdmin@fnni.com. To ensure you receive a response, include the number of this job (listed below) in the subject line of your message. Job number: R-20250191 Equity, Diversity, & Inclusion: FNBO is committed to belonging, inclusion, diversity and equity. We are committed to intentionally and proactively creating pathways to success for historically underrepresented populations. To accomplish this, we foster a culture of belonging and inclusion so that every employee is valued, and has opportunity and the ability to make an impact. FNBO strives to reflect the diversity of the communities we serve in the makeup of our workforce. See the full FNBO Equity, Diversity, & Inclusion Statement here All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status. Click here to download 'EEO is The Law' Self-Print Poster Click here to download 'EEO is The Law' Supplement for Federal Contractors Click here to download 'EEO is The Law' GINA Supplement FNBO is an Equal Opportunity/Affirmative Action/Veterans/Disability Employer - Member FDIC FNBO follows federal law regarding the use of marijuana (this applies to all non-California applicants) Application Deadline: All our jobs will be posted for a minimum of 5 calendar days. Job postings may come down prior to 5 calendar days based on volume of applicants.