Sallie Mae ยท 1 day ago
Senior Director, Underwriting Strategies
Newark, DE
Full-time
Hybrid
Senior Level, Lead/Staff
10+ years expSallie Mae is on a mission to empower students in their educational journey. The Senior Director of Underwriting Strategy will lead the design and implementation of credit underwriting strategies, ensuring robust risk management and compliance while driving innovation and collaboration across the organization.
Financial ServicesHigher Education
Responsibilities
Design and implement underwriting strategies aligned with regulatory requirements and business objectives
Develop and optimize income verification frameworks leveraging data driven insights
Oversee capacity to repay methodologies, ensuring compliance with risk appetite and fair lending standards
Lead and mentor a team of underwriting strategy professionals
Partner with cross-functional teams (Credit Risk, Product, Compliance, Technology) to ensure seamless strategy integration
Represent underwriting strategy in governance forums and provide effective challenge on proposed changes
Conduct in-depth analysis of credit performance, market trends, and regulatory feedback to refine strategies
Monitor and report on strategy effectiveness, implementing enhancements as needed
Drive automation and process improvements to enhance customer experience and operational efficiency
Ensure adherence to internal policies, standards, and regulatory requirements (ECOA, UDAAP, FDIC guidelines)
Maintain documentation of underwriting standards and manage exceptions approval process
Qualification
Required
Bachelor's degree in Finance, Economics, Business, or related field
10+ years of experience in credit risk, underwriting strategy, or related functions within consumer lending
Proven leadership experience managing teams and influencing cross-functional stakeholders
Strong analytical and critical thinking skills with proficiency in data driven decision making
Deep understanding of regulatory frameworks and risk management principles
Preferred
Expertise in credit scoring models and decisioning systems
Familiarity with income verification automation and capacity to repay methodologies
Excellent communication and presentation skills for executive level reporting
Benefits
Competitive base salaries
Bonus incentives
Generous PTO, Floating Holidays and 12 Federal Holidays observed
Support for financial-well-being and retirement 401k with employer match
Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more
Employer paid short-term/long-term disability and basic life insurance
Flexible hybrid working arrangements
Paid parental leave and adoption reimbursement programs
Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)
Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives
Tuition Reimbursement and Family Scholarship Programs
Career development and training opportunities
Company
Sallie Mae
Sallie Mae is an American corporation that originates, services, and collects student loans.
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown1983-09-30IPO
Leadership Team
Jonathan Witter
Chief Executive Officer
Munish Pahwa
EVP, Chief Risk Officer (CRO)
Recent News
Company data provided by crunchbase