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Join us on our mission to create a completely new, 100% digital bank that truly serves customers' best interests. We are a close-knit and fun-loving team of seasoned financial services professionals who came together for the challenge of building a bank from scratch - and we are committed to doing it all the right way (from technology infrastructure to modern marketing to customer experience).

The anticipated salary range for this role is between $208,000.00 and $240,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

We work with the flexibility and speed of a start-up. But we also have significant stability and capital from being part of the SMBC Group (Sumitomo Mitsui Banking Corporation). SMBC is the second largest bank in Japan and the 12th largest bank in the world with operations in over forty countries. And SMBC is committed to disrupting the US marketplace with ground-breaking products.

It is the best of both worlds, and we are seeking proven marketing leaders to propel us towards a national launch. We have both the ambitious growth plans and the 'patient capital' necessary to execute a multi-year plan. Join us on the journey to deliver an exciting concept of evolved banking.

SUMMARY:

The Credit Risk Manager will own and manage onboarding and income verification strategies for the Unsecured Personal Loans product. The Credit Risk Manager will collaborate closely with cross functional partners across Marketing, Product, Technology, Operations and Compliance to shape new intent and ensure internal controls documentation is maintained completely and accurately. The Credit Risk Manager must attain an in-depth understanding of all aspects of the Jenius Bank personal loan business with expertise across offer eligibility, credit decisioning, verifications, control infrastructure, business execution and monitoring with ability to engage confidently and credibly with internal teams and external regulators.

PRINCIPAL DUTIES AND RESPONSIBILITIES:

• Lead credit administration duties for process and procedure maintenance, audit requests, FDIC exams and remediation efforts, complaint investigation & responses, operations and vendor coordination.

• Seek to continually improve the credit program and income verification process through strategic improvements, evaluation of alternative solutions, and implementation of key enhancements including planning, contract negotiations and implementation to ensure new solutions fully meet credit risk objectives.

• Manage operational risk in credit underwriting through effective policies and procedures and ongoing management and interactions with all vendors utilized by the credit risk program.

• Partner with Marketing, Product, Operations and Technology teams to ensure smooth execution and all key control requirements are met.

• Ensure compliance with policies and requirements for all assigned responsibilities.

POSITION SPECIFICATIONS:

• Bachelor’s degree or equivalent in quantitative fields

• 10+ years of prior experience in consumer credit risk or similar quantitative role, preferably Unsecured Personal Loans

• Advanced skills in SQL and Microsoft Office, specifically Excel, PowerPoint, and Word

• Knowledge of consumer credit risk management practices and common data usage

• Excellent critical thinking, verbal and written communication skills, with the ability to communicate effectively with internal leaders and external regulators

EOE STATEMENT

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.

CCPA DISCLOSURE

Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that Manufacturers Bank collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.manufacturersbank.com/CCPA-Privacy. Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.