AVP Loss Forecasting

Chicago, IL, USA
Base salay + bonus
Apr 09, 2018
Apr 21, 2018
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time

Essential Responsibilities:

  • Source and organize all necessary inputs required to the run the model(s), including;
    • Account level/ Portfolio level performance data from the data warehouse(s)
    • New business volume assumptions
    • Other exogenous inputs including macro-economic forecast
  • Conduct robust monitoring of critical inputs
  • Ensure timely execution of the model(s) per the established rhythm
  • Maintain and execute adequate controls through-out the model run process
  • Prepare alternative scenarios to aid in qualitative assessment/ range of outcomes
  • Conduct analysis of Client level loss forecast
  • Assist the model owner with Model enhancements, UAT, etc.
  • Support Internal/ External Audit reviews
  • Perform other duties and/or special projects as assigned



  • Bachelor's degree with quantitative underpinning preferred (i.e., Risk, Accounting, Business, Economics, Finance, Mathematics, Statistics, Engineering) and 3+ years of experience in Risk, Credit, or Collections in consumer lending, or other relevant professional experience or in lieu of degree 7+ years of experience in Risk, Credit, or Collections in consumer lending or other relevant professional experience
  • 3+ years of experience using SAS (BASE/ EG) to query large databases, perform statistical analysis. Familiarity with operating in a UNIX based environment.
  • Familiarity with establishing and maintaining process controls for large/ complex processes
  • 3+ years experience with advanced EXCEL skills demonstrating familiarity with pivot-tables, worksheet formulas, macros, array formulas, and other techniques
  • 2+ years experience with PowerPoint, including ability to create understandable presentations that incorporate graphs other visual aides to portray complex subjects


Desired Characteristics:

  • Graduate degree with quantitative underpinning, MBA, CFA or other relevant certifications or designations
  • Familiarity with specific Loss forecast models especially as related to credit cards
  • Knowledge of external environment and common macro-economic indicators and correlations
  • Familiarity with establishing and maintaining process controls for large/ complex processes
  • Aptitude to organize large volume of related information from unique process cycles in a thoughtful and easy to find manner
  • Familiarity with data archival practices to ensure space optimization/ easy retrieval to fulfill audit requests
  • Excellent time management skills with a focus on accuracy and attention to detail
  • Strong written and verbal communication skills, to independently present explanations of complex subjects


Eligibility Requirements:

  • You must be 18 years or older
  • You must have a high school diploma or equivalent
  • You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the selection process
  • You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.
  • Effective 1-1-18, new hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles.  Once this new hire time in position requirement is met, the associate will have a minimum 6 months' time in position before they can post for future non-exempt roles.  Employees, level 8 or greater, must have at least 24 months' time in position before they can post.  All internal employees must have at least a “consistently meets expectations” performance rating and have approval from your manager to post (or the approval of your manager and HR if you don't meet the time in position or performance requirement).


Legal authorization to work in the U.S. is required.  We will not sponsor individuals for employment visas, now or in the future, for this job opening. 


All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status. 


Reasonable Accommodation Notice:

  • Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.
  • If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627.   Representatives are available from 8am - 5pm Monday to Friday, Central Standard Time.


Grade/Level: 10