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Senior Risk Analyst

Our Company

At FirstBank PR, we strive to be a trusted advisor to our clients and our employees are the ones that ensure we deliver on our promise of excellence in personalized customer service. Our more than 3,100 employees in Puerto Rico, the Virgin Islands and Florida share a passion for excellent customer service. We are proud of our team because they are continuously surpassing our client’s expectations.

Do you have a passion for helping customers, building relationships, and delivering extraordinary, personalized customer service? If your answer is yes, FirstBank is the number one place for you.

A Brief Overview

The Senior Risk Analyst supports the effort to continue profitable growth of the business by continually searching for opportunities to improve acquisition process, policy and profitability risk dynamics. This job is responsible for monitoring and assisting in implementing changes in credit policies for current and new products along with credit quality related projects and maintenance.

What You’ll Need to Succeed

• Assist the Retail Credit Risk Manager on performing credit policies reviews and recommending changes to credit parameters based on performance, economic forecast, business projections, among other components that may impact performance.

+ Oversee the management and analysis of large-scale credit risk databases, ensuring data quality and consistency, and extract actionable insights to assess portfolio performance, identify emerging risks, and support credit policy decisions for the retail lending portfolio.

+ Create reports and develop analyses to ensure assigned portfolios are in compliance with credit policy/applicable regulatory guidance.

+ Researches and analyzes root causes of identified risk trends and emerging risks. Accesses other reporting, data or production systems to research root causes of trends or validate data integrity. May be asked to perform audits to ensure compliance with credit policy or ensure standard systems are working correctly.

+ Evaluates and makes recommendations to optimize approval rates, credit quality trends and the corresponding new account credit quality associated with the portfolios acquisition strategies, products and channels within program objectives.

• Monitors compliance with the Asset Quality Budget and maintain up to date databases and reports (i.e., delinquency roll rates) to effectively manage and estimate potential future losses.

+ Monitors policy exceptions and risk appetite limits and recommends changes based on identified risk trends and business appetite.

+ Monitors, evaluates, and makes recommendations to optimize the Credit Scoring and Quality Factor matrixes and Amount Assignment Grids.

+ Assist in the preparation of presentations and reports to Senior Management, BOD Credit Committee or BOD (such as Asset Quality, Concentration, Delinquency Committee)

• Prepare training sessions summarizing credit policy requirements and other risk matters.

+ Responsible for remediating internal and external audit findings assigned.

+ Uses several programming languages to access information systems (data warehouse, raw source files, etc.) to receive information for the consumer lending business.

+ Runs a schedule of periodic reports and make changes to these reports when required.

+ Assists management in special projects as required.

Competencies

+ Strong analytic thinking capacity

+ Proficient English and Spanish written and verbal communication skills

+ Ability to work independently, organize workload, prioritize, multitask, work under pressure, foresee problems and accomplish established work plan on a timely manner

+ Strong quantitative problem-solving ability

+ Strong computer literacy with MS Office software. Expert in the use of MS Excel and MS PowerPoint.

+ Statistical and financial mathematics skills

+ Strong ability to conceptualize initiatives and interpret information, and translate the message in presentation form to facilitate strategy communication to different audiences

What You’ll Need

• Bachelor’s Degree in Business, Statistics, Economics, Mathematics or related.

• Three to Five years or more of banking experience, preferrable in the credit risk area.

• Demonstrated analytical, decision-making, and effective problem-solving skills.

• Knowledge of credit products and services.

• Must be competent in the use of personal computer systems, internet applications and electronic mail, and various windows-based software applications to include, but not limited to, banking application, word processing, and spreadsheet software.

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