Medallion Bank
5 days ago Be among the first 25 applicants
Who we are:
At Medallion Bank we finance fun! We are an industrial loan bank that specializes in providing consumer loans for the purchase of recreational vehicles, boats, home improvement, and offering loan origination services to fintech partners. We work directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a small company with a big impact. We recognize our employees as our greatest asset and have a culture to prove it!
How You Will Support The Team
Senior risk officer responsible for credit underwriting and credit risk management across our Recreation Lending, Home Improvement Lending, and Strategic Partnerships businesses. Work closely with the Lending teams, Portfolio Management, Data Analytics, Product Management and Finance to shape our credit programs to ensure loan quality, competitiveness and predictable performance. Launch new credit programs as needed. What We Are Looking For
Lead the Bank’s consumer credit team, which includes dotted-line reporting relationships with Home Improvement underwriters and Recreation loan officers. Own the credit performance of various portfolio types, including consumer installment, credit card and commercial lending portfolios. Facilitate safe and effective growth and profitability within our markets and niches. Build, review and refine the Bank’s consumer underwriting models, leveraging advanced statistical modeling and data science in partnership with the Data Analytics team. Proactively monitor and adjust the Bank’s credit policies based on performance and risk trends across all portfolios and risk segments. As risk segments are identified, collaborate with Finance to ensure proper ACL reserving. Evaluate and monitor the credit underwriting and credit models employed by our Strategic Partners in their lending programs, ensuring proper oversight and risk management. Enhance underwriting and risk documentation, working with Strategic Partners on model validation and governance, and reporting performance to senior management, Partner management, and external stakeholders (such as our parent company). Work with Data Analytics to acquire data sets to improve model development, credit practices, and reduce risk of loss (including fraud loss) in our held portfolios. Work with Product Management to improve underwriting granularity and automation while ensuring sound risk controls. Represent the Bank’s credit capabilities, vision and risk appetite to partners, employees and customers. Key Skills
Deep understanding of consumer credit underwriting across the credit spectrum, both secured and unsecured. Skilled in statistical modeling techniques used for compliant consumer credit models, plus the model risk management knowledge necessary to keep credit models valid and predictive. Demonstrated leadership skills, including those necessary to be effective at the senior management and board levels. Expertise in Excel, SQL, plus strong programming and data analytics experience in R or Python. Preferred Experience
10+ years of experience in bank and/or fintech credit risk management. A bachelor’s degree in finance, business, economics, statistics or mathematics is required. An advanced statistical background is strongly preferred. A proven track record of managing credit risk across consumer installment, subprime lending, consumer credit card and sponsor/partner credit products. Benefits
Comprehensive benefits including medical, dental, vision, disability, and life insurance 401K with a company match PTO including 11 paid holidays, vacation time and sick time Financial Wellness Program Volunteer Opportunities Awesome company culture and co-workers who love to work here! Work Life Balance – We don’t use that term lightly! Company Wide Open Door Policy Please note that if selected, you are required to pass a pre-employment background check and maintain a clear background. Referrals increase your chances of interviewing at Medallion Bank by 2x Get notified about new Vice President of Credit jobs in
Salt Lake City, UT . Salt Lake City, UT $110,000.00-$185,000.00 1 week ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
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Senior risk officer responsible for credit underwriting and credit risk management across our Recreation Lending, Home Improvement Lending, and Strategic Partnerships businesses. Work closely with the Lending teams, Portfolio Management, Data Analytics, Product Management and Finance to shape our credit programs to ensure loan quality, competitiveness and predictable performance. Launch new credit programs as needed. What We Are Looking For
Lead the Bank’s consumer credit team, which includes dotted-line reporting relationships with Home Improvement underwriters and Recreation loan officers. Own the credit performance of various portfolio types, including consumer installment, credit card and commercial lending portfolios. Facilitate safe and effective growth and profitability within our markets and niches. Build, review and refine the Bank’s consumer underwriting models, leveraging advanced statistical modeling and data science in partnership with the Data Analytics team. Proactively monitor and adjust the Bank’s credit policies based on performance and risk trends across all portfolios and risk segments. As risk segments are identified, collaborate with Finance to ensure proper ACL reserving. Evaluate and monitor the credit underwriting and credit models employed by our Strategic Partners in their lending programs, ensuring proper oversight and risk management. Enhance underwriting and risk documentation, working with Strategic Partners on model validation and governance, and reporting performance to senior management, Partner management, and external stakeholders (such as our parent company). Work with Data Analytics to acquire data sets to improve model development, credit practices, and reduce risk of loss (including fraud loss) in our held portfolios. Work with Product Management to improve underwriting granularity and automation while ensuring sound risk controls. Represent the Bank’s credit capabilities, vision and risk appetite to partners, employees and customers. Key Skills
Deep understanding of consumer credit underwriting across the credit spectrum, both secured and unsecured. Skilled in statistical modeling techniques used for compliant consumer credit models, plus the model risk management knowledge necessary to keep credit models valid and predictive. Demonstrated leadership skills, including those necessary to be effective at the senior management and board levels. Expertise in Excel, SQL, plus strong programming and data analytics experience in R or Python. Preferred Experience
10+ years of experience in bank and/or fintech credit risk management. A bachelor’s degree in finance, business, economics, statistics or mathematics is required. An advanced statistical background is strongly preferred. A proven track record of managing credit risk across consumer installment, subprime lending, consumer credit card and sponsor/partner credit products. Benefits
Comprehensive benefits including medical, dental, vision, disability, and life insurance 401K with a company match PTO including 11 paid holidays, vacation time and sick time Financial Wellness Program Volunteer Opportunities Awesome company culture and co-workers who love to work here! Work Life Balance – We don’t use that term lightly! Company Wide Open Door Policy Please note that if selected, you are required to pass a pre-employment background check and maintain a clear background. Referrals increase your chances of interviewing at Medallion Bank by 2x Get notified about new Vice President of Credit jobs in
Salt Lake City, UT . Salt Lake City, UT $110,000.00-$185,000.00 1 week ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr