Senior Risk Analyst

Position is located in either Norwalk, CT or Itasca, IL. Recruiting for two positions.

Position Overview

This is a unique opportunity to take on a key position in a globally recognized and fast-growing financial services firm. Mitsubishi HC Capital America, Inc. (MHCA) is one of the largest independent commercial finance lenders, specializing in transportation, industrial, clean technology, healthcare, and construction lending. Responsible for execution of the Risk Management/Strategy team initiatives, focusing on a variety of functions within data analytics, encompassing a forward-thinking approach of how risk should be evaluated at the company. This position requires an individual who will leverage their knowledge of data analytics to drive business decisions.

Essential Duties And Responsibilities

(List in order of time spent)

• Execute the Risk Management/Strategy team functions, including pricing/yields, scoring and model development, credit analytics, portfolio strategy, enterprise/operational risk, concentration limits and risk appetite, loss forecasting and mitigation.
• Perform credit/risk-based analytics and make recommendations on how to mitigate risk and increase profitability; analytics including underwriting decisioning, overall portfolio performance, vintage performance, collections performance, etc.
• Build out the strike zone/buy box for credit originations via data analysis, including evaluating non-score criteria, equipment/collateral, structuring and down payment requirements and setting appropriate customer exposure thresholds. In addition to these analyses, provide guidance on model usage to our internal underwriting teams.
• Complete model evaluation analytics, including review of third-party models, and/or involvement of customized score builds. Track and analyze model coverage, performance, and changes over time.
• Lead discussions/project plans for third-party analyses and model development.
• Propose improvements to automated credit decision models; these improvements should include increasing the volume of applications automatically reviewed, while continuing to mitigate any risk to the company.
• Develop risk-based pricing analytics, including calculating the appropriate coverage for risk/loss within our rates, working with our Finance teams to understand expense requirements, and communicate with our Sales teams to understand the challenges in the market.
• Review company credit/risk policy documentation and understand the related reporting requirements to confirm we are acting within policy rules.
• Consistently collaborate with all business leaders to gain expertise in our business cycle and executive-set goals.
• Lead discussions regarding underwriting guidelines, credit/risk data analysis, Sales initiatives, and operational risk protocol.
  

KPI’s (Key Performance Indicators)

• The manager will evaluate the performance of the individual in this position by reviewing the quality of the work produced within the abovementioned set of responsibilities.
• This position is expected to drive credit/risk strategy throughout the organization and will be monitored on their effectiveness.
  
  

Responsibility and Decision-Making Authority:

• Act independently; Decision-making within Company policy.
  
  

Management/Supervisory Responsibilities

• Currently no direct management or supervision of employees, however, there is an expectation that this position will help the Credit Planning team manage and guide strategy within the business.
  
  

Qualifications

• Technological proficiencies, with prior experience in Power BI, Python, R, SAS, etc.
• Analytical proficiencies, with prior experience in data manipulation, data collection, analyzing data to identify trends, communicating results of data analysis, etc.
• Prior experience in credit/risk concepts such as:
• Credit bureau data, loss forecasting, credit risk analytics, financial institution verbiage and lending concepts, statistical models, etc.
• Willingness to work in a fast-paced environment, with priorities being re-evaluated regularly based on needs of Risk Management/Strategy, Sales, Underwriting, and Executive teams.
• Advanced To Expert Microsoft Office skills (Excel, PowerPoint, Word).

Competencies :

• Able to set and maintain objectives, goals and deliverables for self and group.
• Strong project management skills. Ability to focus, stay in scope and lead a group to a successful outcome.
• Prior experience turning data into metrics and actionable analytics.
• Excellent verbal and written communication skills and the ability to interact and engage with a diverse audience (executives, managers, and subject matter experts).
• Technical understanding of database data models, data mining and data segmentation techniques.
• Advanced skills in Microsoft Excel, Vision, and PowerPoint. Ability to build dashboards within SalesForce and PowerBI, experienced with data-manipulation tools such as Power BI, Python, R, SAS, etc.
• Strong analytical and statistical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information, including time series analysis, with attention to detail and accuracy.
• Ability to work independently, pursuing new business development and opportunities, reviewing, and collaborating with senior leadership.
• Outstanding problem-solving skills with the ability to quickly identify issues and find workable solutions.
• Able to manage multiple projects/processes under tight concurrent deadlines.
  
  

Education and Experience:

• Bachelor’s degree, in a preferred area of study - Mathematics, Finance, Economics, Information Management or Statistics.
• Specific risk management experience preferred (5+ years preferred).
  
  

Licensing and Certification:

Tools And Equipment Used

• Personal computer, copier, phone, and other typical office equipment.
  
  

Working Hours

• Hours may vary and will require some evening work; frequently requires working 40-45 hours/week depending on business needs.
  
  

Travel

• Occasional travel required.
  
  

Physical Demands

• Digital dexterity and hand/eye coordination in operation of office equipment
• Light lifting and carrying of supplies, files, etc.
• Ability to speak to and hear customers and/or other employees via phone or in person.
• Body motor skills sufficient to enable incumbent to move from one office location to another.
  
  

Commitment To Internal Control

The Senior Risk Analyst, Credit Planning is required to possess a comprehensive understanding of and adhere to the system of internal controls associated with the fundamental duties and responsibilities of the role. This includes compliance with SOX and all other pertinent regulatory and compliance policies and requirements.

The job description does not constitute an employment contract, implied or otherwise, other than an “at will” relationship and is subject to change by the employer as the needs of the employer and requirements of the job change.

The salary will be between $96,370.00 and $114,700.00 with an opportunity to earn a discretionary annual bonus. This is an exempt role.

The salary range is determined and based on internal equity, market data/ranges, applicant’s skills, prior relevant experience, and education.

Additional Benefits

• Medical, Dental, and Vision Plans
• 401(k) and Matching
• Paid Time Off
• Company Paid Life Insurance
• Employee Assistance Program
• Training and Development Opportunities
• Employee Discounts