AVP Credit Risk Management

AVP, Credit Risk Oversight

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Merrick Bank is an FDIC®-insured financial institution headquartered in South Jordan, Utah, with over $10 billion in assets. A wholly owned subsidiary of Card Works Financial Group, Merrick Bank serves roughly five million card members and more than 100,000 merchant customers nationwide.

We provide credit cards, recreational loans, deposit accounts, merchant services and bank sponsor ships to consumers and businesses. As a leader in non-prime lending and merchant acquiring, we combine innovative technology with data-driven insights to help underserved consumers build and strengthen credit while delivering integrated, scalable payment solutions for businesses.

Merrick Bank ranks among the top 20 FDIC®-insured credit card issuers in the U.S. and among the top 15 merchant acquirers by transaction volume.

The AVP, Credit Risk Oversight, plays a critical leadership role in the Bank's second line of defense by providing independent oversight, challenge, and assessment of credit risk across the enterprise. This position leads credit oversight of the Bank's credit card portfolios, conducts independent evaluations of credit performance, CECL loss forecasts, and material credit decisions, and ensures risks are appropriately identified, understood, and escalated.

Through forward-looking risk analysis, effective challenge of assumptions and strategies, and active participation in credit governance, this role influences risk appetite, portfolio strategy, and loss forecasting practices. This position reports to the VP, Credit Risk Oversight and provides leadership, guidance, and mentorship to members of the Credit Risk Oversight team.

• Credit Risk Monitoring & Assessment:
  Provides independent oversight of credit card portfolios through ongoing monitoring of portfolio performance, risk trends, forecast outcomes, and key risk indicators. Identifies emerging risks, evaluates performance relative to expectations, risk appetite, and escalates material concerns to support timely management action and informed governance decisions.
• Review, Challenge & Concurrence:
  Leads the independent review and challenge of CECL estimates, credit loss forecasts, and material credit decisions. Evaluates assumptions, methodologies, risk-return tradeoffs, and implementation plans. Provides formal concurrence opinions and escalates concerns when risks are inadequately understood, mitigated, or communicated.
• CECL Oversight & Challenge Framework Leadership:
  Serves as the functional lead for CECL review and challenge activities within Credit Risk Oversight. Establishes standards, methodologies, and governance practices for the independent assessment of CECL estimates, loss forecasts, stress scenarios, and related assumptions. Promotes consistency, transparency, and effective challenge across forecasting processes while supporting sound reserve adequacy assessment and risk-informed decision-making.
• Credit Oversight Reporting:
  Develops independent credit risk assessments and executive-level oversight reporting. Synthesizes portfolio performance, forecast results, credit decisions, and emerging risks into clear, actionable insights for senior leadership and governance committees.
• Credit Governance:
  Supports the development, implementation, and ongoing enhancement of credit risk governance practices, oversight standards, and review and challenge frameworks. Contributes to the establishment of consistent risk oversight processes that promote transparent, disciplined, and effective credit risk management across the enterprise.
• Credit Risk Partnership & Influence:
  Develops strong partnerships across first- and second-line functions, providing an independent perspective on credit risk. Ensures risks are clearly understood, appropriately articulated, and incorporated into decision-making while constructively influencing outcomes through data-driven analysis and effective challenge.

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