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Regular or Temporary: Regular
Language Fluency: English (Required)
Work Shift: 1st shift (United States of America)
Please review the following job description:
Manage the credit policy, portfolio management, loss forecast, and overall credit processes for the Truist Consumer Credit Portfolio. Responsible for Consumer credit portfolio performance across the corporation’s consumer lending platforms.
- Achieving prudent growth within the Truist Credit Risk Appetite
- Providing independent credit adjudication leveraging quantitative credit models and judgmental decision making
- Establishing credit policies, procedures, processes, and standards to guide credit risk management execution.
- Provide oversight and serve as the Subject Matter Expert for CCAR overlays, CECL, ACL updates, credit loss forecasting, and various credit committees.
- Provide oversight and establish cutoff score acceptance criteria to Consumer business units leveraging origination and portfolio monitoring credit risk statistical models.
- Overseeing the First Line of Defense’s identification, measurement, monitoring and assessment of current and emerging risks for consumer credit
Following is a summary of the essential functions for this job:
- Oversight and effective challenge of first line in the evaluation of new product and/or portfolio risks.
- Involvement in and provide recommendations on stress testing process/capital adequacy, wholesale and consumer loss forecasting, risk appetite framework, asset quality metrics.
- Providing leadership for issue remediation activities across consumer businesses and assist in regulatory exams and requests.
- Provide leadership and strategic direction for consumer credit management to ensure the long-term objectives are appropriately balanced among quality, growth, and profitability.
- Ultimately responsible for the overall consumer credit adjudication processes including adjudication of exception approvals, portfolio acquisitions, and complex partnership arrangements.
- Develops and maintains consumer loan policies and procedures, including high standards for credit quality and guidelines around credit limits.
- Oversight and effective challenge to the first line on the development of new and existing consumer lending products for clients.
- Serve as the primary contact for Consumer Credit with third party assurance providers.
- Member of the Allowance for Loan and Lease Losses Committee, Credit Risk Program Committee, and Enterprise Credit Risk and Portfolio Management Committee.
- Guide the integration of risk and portfolio management best practices across the consumer product lines.
- Analyze concentrations, product mix/pricing, delinquency and loss trending, product optimization, originations, and portfolio performance.
- Establish and maintain concentration limits by portfolio and develop and maintain overall concentration limits for the entire consumer lending portfolio.
- Provide leadership in the development of consumer portfolio risk-based pricing models and loan loss models.
- Develop tools and metrics to identify ‘deviations from the norm” or potentially fast-growing high-risk segments in the consumer portfolio.
- Provide periodic loan review plans for the consumer loan portfolio.
- Ensure integrity in the establishment, updating and maintenance of the automated decision engines and custom credit models.
Qualifications
Required Qualifications:
- Bachelor’s degree in Business; MBA preferred, or equivalent education and related training.
- Fifteen plus years of credit related experience including complex lending structures, modeling skills, credit policy and problem loan experience.
- Comprehensive risk and regulatory knowledge.
- Superior ability to think strategically, multi-task, and drive change.
- Strong quantitative, governance and analytic abilities.
- Strong decision-making capability.
- Significant experience in lending and client contact.
- Significant supervisory experience.
- Strong leadership, partnership, and management skills.
- Demonstrated excellent problem solving.
- Demonstrated leadership with the proven ability to communicate with various constituencies.
- Strong verbal and written communication skills.
Preferred Qualifications:
- Twenty plus years credit related experience.
- Master’s degree in business administration, finance or accounting.
- Graduate of industry banking school(s).
- Serves as a board member or in a leadership position with an industry professional association.
Truist supports a diverse workforce and is an Equal Opportunity Employer.
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