Risk Analyst

WebBank

WebBank is a Utah chartered Industrial Bank headquartered in Salt Lake City, Utah. Since its inception in 1997, WebBank has originated and funded over $155 billion in consumer and commercial credit products.  As “The Bank Behind the Brand®”, WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, software as a service (SaaS) and financial technology (FinTech) companies.  The Bank is a leading player in the digital lending space, driving innovation in financial products through embedded finance with Strategic Partner platforms.  WebBank engages in a full range of banking activities including consumer and commercial loan products, revolving lines of credit, credit cards, private-label card issuance, auto-refinancing and more. The Bank provides capital in the form of asset-backed lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets. The Bank is also a leading provider of commercial insurance premium finance products through its wholly owned subsidiary National Partners and Security Premium Finance, a wholly owned subsidiary of National Partners.

Job Summary

This position will report to the Sr. Manager, Risk Management & Analytics and will support all credit/model risk, analytics and reporting initiatives undertaken.

Primary Responsibilities

 You Will:

• Conduct credit risk analytics across the Bank’s portfolios and provide regular updates to ensure portfolio risk levels are aligned with the forecasts and within the pre-determined thresholds
• Evaluate financial trends, policies, and underwriting processes to inform the Bank’s perspective on loan loss reserves, Risk Adjusted Return and Return on Equity
• Support the Bank’s CECL implementation efforts and conduct analytics to develop and maintain the overall CECL framework
• Support the annual budgeting process by creating financial risk and cash flow projections to drive the Bank’s future income estimates
• Automate monthly reporting of the Bank’s portfolio with KPIs such as delinquencies, charge-offs, origination volumes, and paydowns
• Continually enhance reporting and business intelligence dashboards using tools such as Tableau to provide senior management visibility into current trends and help drive strategic decisions
• Assess model methodologies (including technical issues as they relate to econometric / statistical methods), documentation, validation reports, performance outputs, and processes, and work with various industry leading Fintech lending and retail Bank partners to ensure appropriate model oversight, review and approval

Qualifications

You Have:

• Bachelor’s degree (with prior work experience preferred) or Master’s degree in any of the following fields - Statistics, Economics, Mathematics, Industrial Engineering, Operations Research, Financial Engineering, Physics, Engineering, Data Sciences or Computer Science
• Working knowledge of Tableau/SQL required; Python and SAS preferred
• At least 1-3 years of experience in data analytics / reporting & business intelligence / modelling required
• Understanding of portfolio dynamics including roll rate analysis and loss rate forecasting
• Data driven mindset, proactive engagement, and the ability to work under pressure
• Excellent ability to analyze data and interpret credit performance metrics
• Outstanding initiative, communication skills (verbal and written), attention to detail and organizational skills required

Even Better:

• Familiarity with machine learning techniques such as GBM, Random Forest, etc.is preferred

Company Perks:

You Get:

• Flexible work options – Flexible work-from-home opportunities and other hybrid workplace options are available
• Paid Time Off (PTO) - Generous paid time off plus paid parental leave
• Health insurance – Plans include an employer paid medical option, dental and vision coverage, plus we offer health savings accounts
• 401(k) – WebBank matches up to the first 6 percent of employee contributions and both the employee’s contributions and WebBank’s match are fully vested immediately
• Life and Disability Insurance – Life insurance and long and short-term disability insurance plans are 100% employer paid
• Tuition Reimbursement – WebBank provides reimbursement for classes needed to obtain certain degrees, up to $5,250 per academic year