LoanMart
  • Risk
  • Van Nuys, CA, USA
  • $100k-$120k DOE
  • Full Time

Medical, Dental, Vision, Free and Supplemental Life Insurance, Employee Assistance Program, Pet, Paid Time Off, On Site Gym, Personal Training


ABOUT US: Wheels Financial Group, LLC d/b/a LoanMart proudly provides fast, professional assistance to financially stressed or credit-challenged segment of borrowers.   We connect with our customers directly or through a vast network of storefront partners in the local communities throughout the country.  Our place in the community was built over twenty years, growing from a two-person operation,  single-store front in Van Nuys, CA into the largest auto title lender in California.  LoanMart continues to evolve and expand into a progressive, technology-centric powerhouse in the industry, adding new financial products to serve our customers.    

WORKING AT LOANMART : Employees enjoy a work environment that is rewarding, entrepreneurial, fun, exciting, and active.  We do not tie up good ideas in a bureaucratic maze- good ideas come from everywhere and we want our employees to speak up and be recognized. Career advancement is a matter of turning an idea into an accomplishment.  

 

About The Position

As the Credit Risk Manager your role will be to identify and quantify potential risk factors and design data-based strategy solutions to optimize portfolio performance. This includes, but is not limited to:   

  • Performing highly complex research, quantitative analysis, modeling, and monitoring of the company's credit, collateral, and customer performance.
  • Assisting in the development of new acquisitions strategies, and ongoing analysis to optimize existing ones.
  • Responsible for scorecard development; strategy design or adjustments; performance monitoring, and/or credit policy modification.
  • Responsible for the evaluation, development, recommendation and implementation of current and state of the art risk management strategies using systems such as SAS, SQL, R and Python.
  • Conducting comprehensive analyses to assess levels of portfolio credit risk- including summarizing results with opinions and recommendations for actions.  Evaluate and assess the adequacy of internal processes and reduce all forms of exposure ranging from credit risk, efficiency/cost and regulatory impact.
  • Areas of focus include, but not limited to: credit scoring systems, acquisitions and portfolio management strategy/criteria design, vintage analysis and forecasting, portfolio segmentation, demographic analysis, portfolio loss forecasting and modeling to maximize risk/reward trade-off.
  • Develop, clearly recommend, and assist with the implementation of business strategies to manage credit risk, increase revenues, and reduce exposure to credit losses.
  • Assisting in marketing analytics such as identifying cause-effect relationships between marketing actions and financial outcomes to raise profitability.
  • Perform other duties as assigned.

Expected Method of Execution

  • Data extraction, preparation and database management
  • Quantitative, statistical performance evaluation of strategies and processes
  • Design of new scoring models and strategies
  • Meetings with Senior Management to communicate findings. 

Work is accomplished through the use data mining techniques across several large internal and external databases. Analysis is conducted using a number of statistical techniques ranging from linear/logistic regression modeling, Means Testing, Goodness of Fit Testing, Population stability monitoring as well as several specialized techniques for segmentation and strategy building (CART/CHAID)

 

What You Will Bring:

  • Bachelor's degree in Math, Statistics, Economics, Marketing, Finance or other related field.
  • 5+ years' experience in Financial Services, Banking or a related field.
  • Experience in Consumer Lending is strongly preferred.
  • Proficiency in one or more of the following: SAS, SQL, R, Python.
  • Experience in Risk Management techniques including scorecard development and validation or portfolio analysis.
  • Strong analytical thinking and problem solving skills with an ability to identify opportunities and develop solutions.
  • Strong communication skills, both oral & written and ability to lead meetings and produce concise presentations

 

LoanMart will consider qualified applicants with criminal histories in a manner consistent with the Los Angeles Fair Chance Initiative for Hiring.

 Notice to third parties: Please do not contact Wheels Financial Group, LLC about this position unless you are a job seeker and potential applicant for this position.  Please do not contact Wheels Financial Group, LLC about other services, products or commercial interests.  Notice to Agency and Search Firm Representatives: Wheels Financial Group, LLC is not accepting unsolicited resumes from agencies and/or search firms for this or other job postings. Resumes submitted to any Wheels Financial Group, LLC employee by a third party agency and/or search firm without a valid written and signed search agreement, will become the sole property of Wheels Financial Group, LLC. No fee will be paid if a candidate is hired for this position as a result of an unsolicited agency or search firm referral.

 

 

 

 

 

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