Director, Credit Risk

When you join Sallie Mae, you become a champion for all students. We’re on a mission to power confidence as students begin their unique journey and to help them plan their higher education, successfully finish, and prepare for life after school. Our values emphasize impact, collaboration and continuous learning.

• Oversee and manage credit risk management strategies to ensure credit risks are properly assessed, monitored and mitigated.
• Establish and maintain an effective credit risk framework, including assessment methodologies, risk appetite, limits and mitigation strategies.
• Evaluate and analyze credit risk exposure across various business lines, products and customer segments.
• Conduct comprehensive credit risk assessments and provide recommendations to senior management and the Board of Directors.
• Monitor and review credit portfolios to identify emerging risks, trends and potential areas of concern.
• Collaborate with internal stakeholders (originations, sales, finance teams) to integrate credit risk considerations into business decisions and processes.
• Develop and implement credit risk monitoring tools and systems to enhance risk identification, measurement and reporting.
• Foster relationships with external stakeholders – credit rating agencies, auditors and regulators – to ensure effective communication and collaboration on credit risk matters.

• Strong knowledge of credit risk principles, methodologies and regulatory requirements.
• Demonstrated experience developing and implementing credit risk management frameworks, policies and procedures.
• Proven ability to analyze complex credit portfolios and assess credit risk exposure.
• Excellent understanding of financial statements, financial analysis and risk assessment techniques.
• Experience managing and leading a team of credit risk professionals.
• Exceptional analytical and problem‑solving skills with the ability to think strategically and make informed decisions.

• Bachelor’s degree in finance, economics, business administration or a related field.
• 7+ years of experience in credit risk management within the financial services industry, focusing on corporate or commercial lending.

• Competitive base salaries and bonus incentives.
• Generous PTO, floating holidays and 12 federal holidays.
• Support for financial wellbeing and retirement – 401(k) with employer match.
• Comprehensive medical, dental, vision, hospital indemnity, critical illness and pet insurance.
• Employer paid short‑term and long‑term disability and basic life insurance.
• Flexible hybrid working arrangements.
• Paid parental leave and adoption reimbursement programs.
• On‑site staffed fitness centers (in Delaware) and gym subsidy outside Delaware.
• Confidential counseling support (EAP), health advocacy services and wellness programs with financial incentives.
• Tuition reimbursement and family scholarship programs.
• Career development and training opportunities.

Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process.

Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, age, genetic information, disability, veteran status or any other characteristic protected by federal, state or local law.