Portfolio Manager Credit Cards Expert - Risk Projects (Openbank) Country: Spain
We are the 100% digital bank of the Santander Group and we are currently undergoing a technological transformation and international expansion. In 2017 the re-launch of the Bank began and since then we have been in continuous expansion and growth, especially in our technological side. We work in a start-up format, using agile methodologies to take our clients' experience to the next level. In 2019 we launched the Bank in the Netherlands, Germany, and Portugal, with others to follow. Our culture makes us different; social and diversity clubs are part of our essence and allow us to live our culture every day.
We are a flexible and fast adapting team that currently works remotely most of the time using all kinds of communication tools.
Mission and ResponsibilitiesWe are looking for a profile that is currently part of a retail credit department and specializes in credit cards, both in admissions and portfolio management. In Openbank's credit risk team you will work with many areas in different tasks across functions, products, and regions to monitor portfolio performance and ensure that the business is on target for profitability and performance. Members of the Risk team are involved firsthand in new business initiatives, improvements to the current business, or adapting the business to regulatory and legal changes.
We are looking for a Risk Manager who specializes in managing retail credit card portfolios and has a 360-degree view of the product. An expert in defining intake processes and then being able to make data-driven decisions combining business needs and seeking a balance of risk-adjusted profitability. Someone who will lead the initiative for preventative and reactive actions towards any factors impacting credit performance and portfolio profitability.
Main TasksManage the performance of the credit card portfolio.Define short- and long-term underwriting and enhancement policies based on portfolio and business requirements.Work with Risk Modeling team to design, develop and implement credit risk models both for admission, fraud prevention and for active limits management.Manage risk appetite based on business cases.Maintain key policies, procedures, and controls.Collaboration with key stakeholders in project development.Efficient intake processes and portfolio performance by controlling risk assumption.Detect new risks that require immediate action and implement action plans.Identify early corrective actions on deteriorating receivables, in collaboration with the recovery management team. What are we looking for in this position?+4-6 years of experience in retail credit management and at least 2 years managing credit card portfolios.Bachelor's degree in a quantitative/analytical field, such as engineering, statistics, math, economics, or management.Knowledge of European credit regulations.Knowledge on IFRS9 credit provisions.
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