Credit Card Risk Analyst
State Farm - Bloomington, IL

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WHAT ARE THE DUTIES AND RESPONSIBILITIES OF THIS POSITION?

Develops all risk management policies for account underwriting, initial credit line assignment, and ongoing risk management activities
Assists in the development of risk criteria for marketing programs, products offered, and portfolio profiles
Coordinates marketing activities in order to target and capture profitable customers
Develops reporting for credit card losses and profitability through use of account management systems
Works with statistical modeling group to develop and implement decision models and tools where appropriate
Forecasts delinquencies and losses to support provisioning and all other risk management processes

WHAT KNOWLEDGE AND SKILLS ARE NEEDED TO BE SUCCESSFUL IN THIS POSITION?

Assists in the development of financial justification for investments (marketing programs, equipment, etc.)
Applies basic understanding of financial institutions and products
Participates on project teams. May occasionally lead a project or portions of a project
Works with minimal guidance and may have some latitude for independent decisions/recommendations
Uses extensive knowledge of quantitative disciplines and programming
May train, mentor, and provide peer-level oversight

ITEMS OF NOTE

ADDITIONAL INFORMATION

3 - 5 years experience working in an analytical role within the Banking industry
Experience with one or more retail lending products: auto loans, credit cards, home equity, and mortgage
Previous credit risk experience required.
Previous loss forecasting experience preferred
Bachelors in quantitative background required. Masters preferred
Minimum two years programming experience in SAS
Strong Microsoft Excel skills
Strong knowledge of quantitative risk management techniques
Development of reporting to track the performance of risk management policies and strategies (such as vintage analysis, roll rates, etc.)
Understanding of underwriting criteria and credit bureau data
Ability to translate analysis into recommendations to help satisfy risk and financial objectives
Strong communication, presentation, and writing skills
Ability to present and simplify complex information into easily comprehended presentations and reports
Ability to develop and maintain positive working relationships with peers and business partners
Ability to initiate and complete tasks with little to no supervision
Dedicated to ensuring on-time project completion

BENEFITS: TOTAL REWARDS

Our Total Rewards benefits package includes:
Competitive starting salary

Annual merit reviews

Annual bonus potential

You may also be eligible to participate in Medical, Dental, Life and Disability Insurance, Vision, 401(k) Plan (Savings & Thrift in Canada), Credit Union, a fully funded retirement pension plan, and more.

To search for more information on careers in the U.S., visit statefarm.com/careers. To search for more information on careers in Canada, visit statefarm.ca/careers.

State Farm Insurance is an equal opportunity employer

State Farm - 18 months ago - save job - block
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State Farm Mutual Automobile Insurance Company® is the largest auto insurer in the U.S. since 1942. About one of every five cars on the...