Senior Manager, Credit Risk Management

About the position

The position involves leading the credit risk governance and oversight for Secured (Auto Loans) and Unsecured Consumer Loans within Navy Federal’s Enterprise Credit Risk Management division, which serves as the second line of defense. The role requires planning, designing, and guiding the implementation of appropriate frameworks, methodologies, procedures, and documentation related to the oversight of Navy Federal's lending activities across the entire credit lifecycle. The objective is to effectively measure, monitor, and report on credit risks associated with these lending activities. Additionally, the position supports executive management in evaluating enterprise credit risk and developing strategies to mitigate and control credit risk in alignment with business initiatives, compliance objectives, and the management of emerging risks.

Responsibilities

• Lead credit risk governance and oversight for Secured and Unsecured Consumer Loans.
• Plan and design frameworks and methodologies for credit risk management.
• Guide the implementation of procedures and documentation for oversight of lending activities.
• Measure, monitor, and report on credit risks throughout the credit lifecycle.
• Support executive management in evaluating enterprise credit risk.
• Develop strategies to mitigate and control credit risk in support of business initiatives and compliance objectives.

Requirements

• Experience in credit risk management, particularly in consumer lending.
• Strong understanding of credit risk frameworks and methodologies.
• Ability to design and implement risk management procedures.
• Experience in reporting and monitoring credit risks.
• Strong analytical and strategic thinking skills.

Nice-to-haves

• Experience in a financial institution or credit union environment.
• Familiarity with regulatory compliance related to lending activities.
• Advanced degree in finance, risk management, or a related field.