Director, Consumer Credit Risk Management
Summary PenFed is hiring a Director, Consumer Credit Risk Management in our McLean, VA Headquarters. The primary purpose of this job is to play a pivotal role in lending administration focusing consumer lending products. This includes but not limited to management functions to conduct review of lending decisions, support manual underwriting, develop loan officer training and ensure compliance to PenFed policies as well as all regulations. Essential Functions Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.
Lead judgmental decision and quality control function for consumer lending products, including Credit Card, Direct and Indirect Auto Loan, Unsecured Personal Loan, Student Refi and other Consumer Loans. Responsibilities include:
Re-underwrite and assess Consumer Loan Officer (CLO) manual underwriting decisions.
Provide and communicate assessment summary and findings to CLOs, PenFed management and Board.
Make judgmental decisions on all underwriting and pricing exception requests, complains / inquiries from Executive Correspondence and field to Lending Services, including research, recommendation to assist with Loan Review Committee decision, response and documentation.
Identify opportunities in automated credit policy, manual underwriting guideline, loan origination / decision system and processes; partner with stakeholders to take appropriate actions.
Perform quality control to monitor loan application data integration, stipulation, validation and documentation requirements are met before funding.
Administer CLO lending authority, including grant, change and revocation of lending authority.
Bachelor’s Degree in business or a related field is required.
Minimum of eight (8) years of experience in consumer lending is required especially in judgmental decision in consumer products and underwriter training.
Experience in a supervisory role is required.
Knowledge of Federal lending regulations and legislation as it relates to consumer credit required for consumer loans.
Knowledge of NCUA and CFPB regulations preferred.