VP, Credit Risk & Analytics chez Coreplus Federal Credit Union

Description

Job Title: VP, Credit Risk & Analytics

Department: Executive 

Reports To: CEO

FLSA Status: Exempt

Prepared Date: July 25, 2025

Located: Onsite- 350 Salem Turnpike (remote capability)

SUMMARY 

The Vice President, Credit Risk and Analytics, is a strategic and operational leader responsible for developing, implementing, and managing the credit union's overall credit risk management framework and leveraging data analytics to optimize lending practices and portfolio performance. This role plays a critical part in safeguarding the credit union's financial health and ensuring compliance with all relevant regulations.

POSITION COMPETENCIES

Decision Making: Gathers information to allow a trustworthy assessment of risks and benefits of alternative approaches in any decision. Stays focused on objectives and considers the short-term and longer-term impact of decisions. Collaborates and communicates with key stakeholders who are necessary to involve in the overall decision-making process.

Leadership: Articulates a vision that others choose to follow. Models’ behaviors expected of others and inspires others to undertake challenging tasks and projects. Builds rapport and trust, shows genuine sensitivity to the needs, feelings and capabilities of other people. Deals with others in a pleasant manner. Treats others with respect and consideration. Leads through change and adversity, makes the tough call when needed, builds consensus, motivates and encourages others.

Execution: Understands strategic plan, organizational business plan, department business plan, and accomplishes required results, striving to exceed expectations. Recognizes problems and reacts appropriately, systematically gathers information, seeks input from others, makes timely, and if applicable, difficult decisions, and communicates to key stakeholders as needed. Maintains a constant focus to improve performance and results.

ESSENTIAL DUTIES AND RESPONSIBILITIES 

• Serves as a member of the senior leadership team and works collaboratively to achieve strategic goals and initiatives that maximize stakeholder returns.
• Develop and implement credit risk management strategies, policies, and procedures aligned with the credit union's risk appetite and business objectives.
• Oversee the development, testing, and optimization of credit policies, ensuring adherence to regulatory requirements and best practices.
• Lead the analysis of credit portfolio performance, including identifying emerging risks, trends, and potential vulnerabilities.
• Utilize advanced analytics techniques, including scoring and segmentation, to assess and quantify credit risk exposure.
• Develop and maintain early warning systems to proactively identify and address at-risk loans and potential portfolio deterioration.
• Track and report on credit risk initiatives, portfolio performance, and emerging trends to senior management and the President.
• Lead the creation and delivery of insightful reports and dashboards on credit risk metrics, portfolio health, and emerging risks.
• Collaborate with lending teams, operations, finance, and other departments to ensure effective credit risk management across the credit union.
• Provide leadership, mentorship, and guidance to a team of collections professionals and analysts.
• Stay abreast of industry trends, regulatory changes, and emerging risks to ensure the credit union's credit risk management practices remain current and effective. 
• Attends monthly Board of Director meetings at the discretion of the President.
• Performs other related duties as assigned.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Supervisory Responsibilities

• Oversees collections department.
• Positive change agent who communicates organizational, procedural and policy changes effectively; builds commitment and overcomes resistance; prepares and supports those affected by change.
• Conducts performance evaluations that are timely and constructive as well as ongoing coaching.

Requirements

QUALIFICATIONS  

• Bachelor’s degree in finance, economics, statistics, or a related field required.
• Minimum of 3-5 years of experience in credit risk management within the financial services industry, with at least 5 years in a leadership role, preferably within a credit union.
• Extensive knowledge of credit policy analytics and development, particularly for various loan portfolios (e.g., credit cards, mortgages, auto loans).
• Proficiency in statistical software and programming languages such as crystal reporting, SAS, SQL, and Python.
• Strong understanding of credit union operations, regulations, and industry best practices.
• Excellent analytical, problem-solving, and decision-making skills
• Excellent verbal and written communication skills.
• Proficient in Microsoft Office Suite or related software.
• Excellent ability to conceptualize long-term business goals and develop orderly processes to accomplish those goals.