Continental Finance Company · 2 days ago
Chief Credit Risk Officer
Wilmington, DE
Full-time
Onsite
Director/Executive
10+ years expContinental Finance Company is one of America’s leading marketers and servicers of credit cards for consumers with less-than-perfect credit. The Chief Credit Risk Officer will be responsible for designing and executing the overall credit risk management strategy, specifically focusing on the subprime market credit card portfolio, while collaborating with various teams to balance risk and growth.
CreditCredit CardsFinancial Services
Responsibilities
Oversee credit decisioning, ensuring that lending standards align with the organization’s risk tolerance protocols and issuing bank credit policies, while supporting responsible growth in the subprime market
Continuously monitor and assess the performance of the subprime credit card portfolio identifying trends, potential risks, and opportunities for portfolio optimization
Direct the evaluation of credit risk for subprime credit card customers, utilizing credit scoring models, behavioral data, and macroeconomic factors, all in alignment with partner bank policies
Lead the development of advanced credit risk models and segmentation strategies that appropriately assess the unique risks in the subprime credit card space
Develop and execute portfolio risk mitigation strategies, including balance management, credit line adjustments, and collection practices, to minimize losses and maximize profitability
Oversee the development of real-time credit risk reporting tools and dashboards, enabling proactive risk monitoring and decision-making
Develop and implement loss prevention strategies specific to the subprime cardholder base, including credit limits, fee structures, and collection practices
Collaborate with collections and servicing teams to enhance loss recovery and minimize charge-offs, defaults, and delinquencies within the subprime portfolio
Lead stress testing and scenario analyses to understand potential risks under various economic conditions and customer behavior models
Lead and mentor a team of credit risk professionals fostering a culture of excellence, collaboration, and continuous improvement
Work closely with marketing, data science, operations, compliance and legal teams to ensure alignment on subprime credit risk strategies and compliance with regulatory requirements
Conduct regular audits of credit risk policies, processes, and portfolio performance to ensure adherence to both internal and regulatory standards
Prepare and present presentations to executive leadership that include analytics on expected portfolio performance, identifying trends and areas of potential risk and/or opportunity
Innovate to build risk strategies to embrace data driven decisions
Qualification
Required
10 years of risk strategy experience in credit card risk management with at least 5 years in a senior leadership role within the credit card industry
Proven experience in managing high-risk credit portfolios, including subprime, near prime, or non-prime customers
Extensive experience in credit risk modeling, customer segmentation, and credit underwriting in the context of credit card products
Strong understanding of credit card regulations and industry standards, particularly in the subprime lending space
In-depth knowledge of credit card risk management techniques and loss forecasting models
Ability to interpret complex data, identify trends, and develop actionable insights to inform credit risk strategies
Strong leadership, communication, and interpersonal skills to manage the risk team and collaborate with cross-functional stakeholders
Expertise in using risk management software, statistical tools, and credit risk modeling platforms
Strategic thinker with a keen understanding of subprime lending dynamics and consumer behavior
Analytical mindset with an ability to assess risk while balancing business objectives and growth
Proven track record in predictive analytics with the knowledge of, experience with and ability to use the tools, processes and practices for predicting business trends and providing forecasts that drive business decisions and business planning
Adaptable, able to thrive in a fast-paced and evolving market environment
Bachelor's degree in finance, Economics, Risk Management, or a related field
Preferred
A master's degree or relevant certifications (e.g., FRM, CFA) is highly preferred
Benefits
Competitive compensation and benefits
Company
Continental Finance Company
Continental Finance is one of America's leading marketers and servicers of credit cards.
51-200 employees
H1B Sponsorship
Continental Finance Company has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (8)
2024 (5)
2023 (6)
2022 (5)
2020 (5)
Funding
Current Stage
Growth StageTotal Funding
$550M2024-12-05Debt Financing· $550M
Leadership Team
Bill Knotts
Chief Administrative Officer (CAO)/Partner
Christine Beynon-Bourgeon
Chief People Officer
Recent News
Maryland Daily Record
2025-03-22
GlobeNewswire News Room
2024-11-13
Company data provided by crunchbase