Sallie Mae Director, Credit Risk Review in Sterling, Virginia
When you join Sallie Mae, you become a champion for all students.
We’re on a mission to power confidence as students begin their unique journey. To help them plan their higher education, successfully finish, and prepare for life after school. To help them Start smart. Learn big.
Students need guidance navigating this important time in their life. They need someone who acknowledges that their education path is unique. They need a partner willing to evolve and not only meet but surpass their expectations. We’re changing. Because students need a better way.
We’re looking for people who are excited to drive this transformation. To break barriers and think of new ways to adapt, help, and create better experiences for students—and for each other.
This is where diverse backgrounds, beliefs, and perspectives matter. It’s where you’re empowered to bring your authentic self to work.
Feeling your best allows you to do your best. Our benefits take care of the whole you—from physical and mental to financial and professional. You’ll get opportunities to further your education and career, support for you and your family (including your pets!), paid time off to volunteer for the things that matter to you, and more.
We’re obsessed with impact and making a real difference. For us, that means putting relationships first, asking “why not?” when tackling challenges, and continuously learning new skills.
Come do more than join something, change something. For students, for future generations, for the future of education.
What You'll Contribute
The Director, Credit Risk Review, is a key leadership position within Sallie Mae’s 2nd line of defense Credit Risk Management team. This role will report to the Chief Credit Risk Officer with responsibilities that include
Leading the 2nd line review of credit transactions and business control designs related to underwriting, portfolio management and loss mitigation processes. Evaluate risk of strategy changes and other execution risks.
Providing design testing and monitoring for credit controls and oversight framework including results that support credit risk appetite, risk metrics thresholds, and limits.
Using analytical techniques to provide insights into credit root causes at strategy, segment level and assessment of emerging risk.
Developing monitoring for credit decision processes based on aggregation of component (models used in credit decisions, alt-data and other tools) risk and complexity.
Credit Review and Challenge: Interface with business partners and regulators on portfolio reviews and exams. Document and communicate results to senior leadership.
The successful incumbent will be an innovation leader through identifying opportunities and driving actions.
What You'll Do
Credit Risk Review
Lead 2nd line analytical review of credit risk credit transactions and business control designs related to underwriting, portfolio management, and loss mitigation processes.
Evaluate risk impact of strategy changes, environmental changes, and related layered risk.
Provide analytical support for deep dives into root causes and ad-hoc credit reporting. Deliver narratives of observations and preparation of presentation materials.
Manage real-time trigger reporting.
Portfolio monitoring and risk limit setting
Provide design testing and monitoring for credit controls and oversight framework including results that support credit risk appetite, risk metrics thresholds, and limits.
Use analytical techniques to provide insights into credit root causes at strategy, segment level and assessment of emerging risk.
Communicate findings and recommended enhancements to business partners and review remediation
Credit components (Data, Tools and Counterparty)
Develop best-in-class testing and monitoring for credit decision processes based on component aggregation of component (models used in credit decisions, alt-data and other tools) risk and complexity.
Design and supports business cycle and credit impact assessments. Benchmarks credit analytics with mindset of continuous improvement.
Credit review and challenge
Manage documentation, process, and standards for compliance adhering to policy and testing requirements.
Assist in the compilation of the quarterly Chief Credit Officer submissions.
Interface with business partners and regulators on reviews and exams. Documents and communicates results to senior leadership.
The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role.
What You Have
Minimum education, skills and experience required.
• Undergraduate degree in statistics, economics, mathematics, or other quantitative science
• 7+ years of credit strategy development or credit analytics experience
• 3 - 5 years of experience in 2nd Line of Defense performing credit review and challenge function
• Practical experience using statistical tools (e.g., SAS, Python, R, Tableau etc.).
• Experience in data management and self-sufficiency in data querying
• Familiarity with credit policy, procedures, and transaction testing
• Understanding of regulatory environment
• Card or Student lending experience
• Strong written and verbal communication skills with ability to deliver presentations to various levels of management
• Strong organizational skills with attention to details
• Strong team player who listens to stakeholders and works effectively toward solutions
Preferred education, skills, and experience.
• Exposure to machine learning
• Credit Bureau Data Management experience
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Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. If you'd like more information about your EEO rights as an applicant, please click here (https://https//www.eeoc.gov/employees-job-applicants) . EEO is the Law supplement (https://https//www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) . Click here (https://https//www.salliemae.com/legal/pay-transparency-policy/) to view the U.S. Pay Transparency Policy.
Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process. To request an accommodation please call (855) 756-2007 and choose option 9. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. If you'd like more information about your EEO rights as an applicant, please click https://https/www.eeoc.gov/employees-job-applicants. https://https/www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf. Click https://https/www.salliemae.com/legal/pay-transparency-policy/ to view the U.S. Pay Transparency Policy.