Credit Risk Specialist

About Our Company We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer.

Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses – Ameriprise Financial, Columbia Threadneedle Investments and River Source Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Job Description In this role, you will contribute to product development and credit strategy to support and drive lending growth. This includes supporting bank lending product initiatives, including marketing and rewards programs. You will also assist in the bank’s loan loss reserve function by conducting industry benchmark analysis and supporting the development of the bank’s in house CECL model

Responsibilities:

Inform product and credit strategy to support lending growth with actionable insights derived from data and analysis. Use advanced tools and analytics to perform product and credit analysis and present results and recommendations to leadership and key partners. Communicate action plans and priorities to appropriate stakeholders.

Utilize company, industry knowledge, and technical expertise to enhance and streamline the current benchmark process for the bank’s loss reserve function. Inform the allowance for credit loss model development and also support the CECL subcommittee, including preparing meeting material, document meeting minutes, etc.

Support the bank’s lending product teams by providing accurate, timely and responsive services to the business based on business need, including delinquency information and exception updates. Identify issues, such as data issues of missing value or unreasonable value through daily work and develop solutions that best meet business objectives and increase efficiencies. Partner with key stakeholders to influence credit strategy on new lending initiatives, marketing programs, Home Equity program and credit card recourse program.

Support the bank’s Credit Risk Management functions by continuously monitoring credit quality and practices including collections, foreclosures, credit line management, etc.

Required Qualifications:

1-3 years' relevant experience

Bachelor's degree or equivalent

Preferred Qualifications:

Experience in banking or financial service company

Knowledge of consumer lending products such as Mortgage, Home Equity, Credit Card, etc.

Understanding of credit risk and loan loss reserves

Experience with data and analysis

Advanced skills in Excel and Power Point Strong  written and verbal communication skills

Strong analytical and problem-solving skills

Experience with advanced analytical tools, such as Power BI, SQL, Python Visa Sponsorship Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).In-Office Collaboration We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results.

By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.

Base Pay Salary The estimated base salary for this role is $71,300 - $98,100 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles…