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Credit Risk Policy, Consumer Lending
Suntrust Banks, Inc. | Atlanta, Georgia
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Job Description

Credit Risk Policy, Consumer Lending-W440140


Consumer Credit Policy provides oversight of the credit risk undertaken through the consumer lending business activity. The objective for the group includes ensuring a culture of responsible lending in support of SunTrust purpose of lighting the way to financial well-being. This is achieved through setting disciplined credit policy, standards, tools and methodologies used in making lending decisions for products such as: Mortgage, Home Equity Lines and Loans, Auto Finance Loans, Student Loans, Consumer Credit Cards, Business Credit Cards, Personal Loans Unsecured and Personal Loans Secured.

The policy team is responsible for setting credit risk limits, evaluating and approving limit exceptions, monitoring adherence to policies and standards, providing credit risk expertise, subject matter knowledge and credible challenge across the business segments. With our culture of transparency the group ensures there is accurate and timely reporting and analysis of portfolio performance with appropriate review and communication of emerging risks, issues, trends through consumer credit working group, asset quality meetings and appropriate escalation to credit and risk committees as warranted.

Consumer Credit Policy partners with Enterprise Risk Delivery, Modeling, Portfolio Management, Business Segments and Analytic teams to provide leadership and guidance to business segments on risks taken vs. returns earned. Other functions include partnering with default management teams and finance segment in understanding monthly, quarterly credit performance, reviewing and providing insights beyond what models capture during budget setting, forecast updates and quarterly allowance process.

The Role

This position will be focused specifically on residential (Mortgage, Home Equity) credit policy, credit limits and oversight. Responsibilities and activities include:
- Oversight and credible challenge of residential segment credit strategies whether changes to existing strategy, new product, channels, purchases or geographic expansions.
- This person will influence risk peers (delivery, modeling, enterprise risk services) in deriving analytic methodology for variety of purposes including: thru the cycle risk performance, determining risk segments and understanding layered risk, credit loss forecasting, emerging risk analyses, trends, modeling methodology and developing playbook
- Act as key point of contact on behalf of credit policy to the residential delivery and segment teams on emerging or detecting credit risk issues and ensuring appropriate root cause and resolution/action plans are put in place.
- Work with delivery and analytic modeling resources to establish the right credit early warning and credit policy limits in keeping with defining product level credit risk appetite, updating and justifying credit costs (NCO & ALLL) and deriving limits and levers to be pulled at different points in the economic cycle to manage credit risk within appropriate asset quality tolerances.
- This role will be a key in working with delivery peers in the designs of analysis to align oversight of go to market strategies and find synergies across segments and products (PWM, Mortgage, Home Equity) to manage credit and residential collateral risk.
- Develops, documents, and defends policies and limits independently with a minimum of supervision or oversight
- Researches best practices across consumer products and industry
- Influences complex analysis and leverages to inform credit policy derivation and set limits


Minimum Requirements:

- Bachelor's degree in a relevant field such as Statistics, Economics, Engineering, Mathematics, or Finance and 4 years of work experience in applicable quantitative analysis, or an equivalent combination of degree and experience.

- Strong quantitative, finance, and governance background

- Prior residential credit strategy/lending experience

Preferred Requirements:
- Proficiency in consumer regulations, fair lending and compliance
- Prior experience in analysis using SAS
- 5+ years of relevant work experience (auto or credit card credit strategy experience a plus
- Can handle projects independently with a minimum of oversight and supervision
- Effective communication skills, as the incumbent will take the lead in creating power point presentations to communicate fact based recommendations leveraging analytic results on residential credit risk trends which will be subject to detailed internal and external review, and would likely be called upon to make presentations to management and credit committees.

Job:Credit and Risk
Primary Location: GA-Atlanta Area
Work Locations: SunTrust Plaza Tower

303 Peachtree Street

Atlanta 30308


Equal Opportunity Employer: SunTrust supports a diverse workforce and is a Drug Testing and Equal Opportunity Employer. SunTrust does not discriminate against individuals on the basis of race, creed, color, gender, religion, national origin, age, disability, veteran status, pregnancy, marital status, citizenship status, sexual orientation, gender identity, genetic information, or any other classification protected by applicable laws.

To review the EEO Poster, copy and paste the following link into your brower: http://www1.eeoc.gov/employers/upload/eeoc_self_print_poster.pdf http://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf

About Suntrust Banks, Inc.

SunTrust Banks, Inc. (SunTrust) primarily operates as a financial services holding company. Through its principal banking subsidiary, SunTrust Bank (the Bank), the Company provides deposit, credit, and trust and investment services. Through its subsidiaries, SunTrust also provides mortgage banking, credit-related insurance, asset management, securities brokerage and capital market services. The Company operates in five business segments: Retail, Commercial, Corporate and Investment Banking (CIB), Wealth and Investment Management, and Mortgage. The Bank operates primarily in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and the District of Columbia. SunTrust provides clients with a selection of technology based banking channels, including the Internet, automated teller machines (ATMs), personal computers and around-the-clock telebanking. In May 2008, SunTrust completed the acquisition of GB&T Bancshares, Inc.

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