TieTalent
Overview
OneMain Financial is seeking a VP/MD Credit Loss Forecasting to lead credit risk management processes. You will work with CECL models for Personal Loan, Auto Finance, and Credit Card. Lead a team, driving innovation in credit risk modeling and forecasting. The VP/MD plays a crucial role in shaping the company's success. Location: Wilmington, DE. This position is hybrid and requires 3 days in the office (Tuesday- Thursday). Responsibilities
Lead the development, enhancement, execution, governance, and communication of loan loss reserve allowance (CECL) models for multiple products including Personal Loan, Auto Finance, and Credit Card Oversee quarterly loan loss reserve setting process for OneMain products including:
Execution of existing models including macroeconomic overlays Communication of results to CECL committee Development of challenger models Execution of SOX controls including obtaining annual model governance approvals
Manage the production of monthly delinquency and credit loss forecasts for OneMain products including Personal Loan, Auto Finance, and Credit Card Drive ongoing enhancements to modeling techniques of existing models which include vintage models, roll rate models, and probability of default (PD)/exposure at default (EAD)/loss given default (LGD) based models Communicate loss forecast updates to product owners and finance partners detailing variance analysis and drivers of change to outlooks Manage development of portfolio credit analysis monitoring credit loss and delinquency trends and report key findings to executive team Monitor external data including key economic factors that may influence credit performance Qualifications
A minimum of 10+ years of experience in consumer lending, with a focus on credit risk modeling and forecasting; Master’s or PhD preferred or an equivalent combination of experience and education 5+ years of analytics leadership experience, building and prioritizing teams and objectives based on company strategy Advanced analytical and quantitative skills with experience in model development and validation and using tools such as SQL, SAS, or Python Deep understanding of CECL accounting requirements, including modeling methods and regulatory expectations Excellent verbal, presentation and communication skills with the ability to translate complex data into executive level presentations and communications to senior leadership Ability to navigate through matrixed teams and manage expectations of multiple stakeholders Demonstrated ability to lead and develop a team, fostering career progression and professional growth About OneMain Financial
OneMain Financial (NYSE: OMF) is a leader in offering nonprime customers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. Since 1912, we’ve looked beyond credit scores to help people get the money they need today and reach their goals for tomorrow. Our growing suite of personal loans, credit cards and other products help people borrow better and work toward a brighter future. Driven collaborators and innovators, our team thrives on transformative digital thinking and flexible work arrangements. We’re committed to an inclusive culture, career development and impacting the communities where we live and work. Benefits
Up to 4% matching 401(k) Employee Stock Purchase Plan (10% share discount) Tuition reimbursement Paid time off (15 days’ vacation per year, plus 2 personal days) Paid sick leave as determined by state or local ordinance Paid holidays (7 days per year)
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OneMain Financial is seeking a VP/MD Credit Loss Forecasting to lead credit risk management processes. You will work with CECL models for Personal Loan, Auto Finance, and Credit Card. Lead a team, driving innovation in credit risk modeling and forecasting. The VP/MD plays a crucial role in shaping the company's success. Location: Wilmington, DE. This position is hybrid and requires 3 days in the office (Tuesday- Thursday). Responsibilities
Lead the development, enhancement, execution, governance, and communication of loan loss reserve allowance (CECL) models for multiple products including Personal Loan, Auto Finance, and Credit Card Oversee quarterly loan loss reserve setting process for OneMain products including:
Execution of existing models including macroeconomic overlays Communication of results to CECL committee Development of challenger models Execution of SOX controls including obtaining annual model governance approvals
Manage the production of monthly delinquency and credit loss forecasts for OneMain products including Personal Loan, Auto Finance, and Credit Card Drive ongoing enhancements to modeling techniques of existing models which include vintage models, roll rate models, and probability of default (PD)/exposure at default (EAD)/loss given default (LGD) based models Communicate loss forecast updates to product owners and finance partners detailing variance analysis and drivers of change to outlooks Manage development of portfolio credit analysis monitoring credit loss and delinquency trends and report key findings to executive team Monitor external data including key economic factors that may influence credit performance Qualifications
A minimum of 10+ years of experience in consumer lending, with a focus on credit risk modeling and forecasting; Master’s or PhD preferred or an equivalent combination of experience and education 5+ years of analytics leadership experience, building and prioritizing teams and objectives based on company strategy Advanced analytical and quantitative skills with experience in model development and validation and using tools such as SQL, SAS, or Python Deep understanding of CECL accounting requirements, including modeling methods and regulatory expectations Excellent verbal, presentation and communication skills with the ability to translate complex data into executive level presentations and communications to senior leadership Ability to navigate through matrixed teams and manage expectations of multiple stakeholders Demonstrated ability to lead and develop a team, fostering career progression and professional growth About OneMain Financial
OneMain Financial (NYSE: OMF) is a leader in offering nonprime customers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. Since 1912, we’ve looked beyond credit scores to help people get the money they need today and reach their goals for tomorrow. Our growing suite of personal loans, credit cards and other products help people borrow better and work toward a brighter future. Driven collaborators and innovators, our team thrives on transformative digital thinking and flexible work arrangements. We’re committed to an inclusive culture, career development and impacting the communities where we live and work. Benefits
Up to 4% matching 401(k) Employee Stock Purchase Plan (10% share discount) Tuition reimbursement Paid time off (15 days’ vacation per year, plus 2 personal days) Paid sick leave as determined by state or local ordinance Paid holidays (7 days per year)
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