What are the responsibilities and job description for the Credit Risk Specialist position at Ameriprise Financial Services, LLC?
About Our Company
We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses – Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Job Description
In this role, you will contribute to product development and credit strategy to support and drive lending growth. This includes supporting bank lending product initiatives, including marketing and rewards programs. You will also assist in the bank’s loan loss reserve function by conducting industry benchmark analysis and supporting the development of the bank’s in house CECL model
Responsibilities
Inform product and credit strategy to support lending growth with actionable insights derived from data and analysis. Use advanced tools and analytics to perform product and credit analysis and present results and recommendations to leadership and key partners. Communicate action plans and priorities to appropriate stakeholders.
Utilize company, industry knowledge, and technical expertise to enhance and streamline the current benchmark process for the bank’s loss reserve function. Inform the allowance for credit loss model development and also support the CECL subcommittee, including preparing meeting material, document meeting minutes, etc.
Support the bank’s lending product teams by providing accurate, timely and responsive services to the business based on business need, including delinquency information and exception updates. Identify issues, such as data issues of missing value or unreasonable value through daily work and develop solutions that best meet business objectives and increase efficiencies. Partner with key stakeholders to influence credit strategy on new lending initiatives, marketing programs, Home Equity program and credit card recourse program.
Support the bank’s Credit Risk Management functions by continuously monitoring credit quality and practices including collections, foreclosures, credit line management, etc.
Required Qualifications
1-3 years' relevant experience
Bachelor's degree or equivalent
Preferred Qualifications
Experience in banking or financial service company
Knowledge of consumer lending products such as Mortgage, Home Equity, Credit Card, etc.
Understanding of credit risk and loan loss reserves
Experience with data and analysis
Advanced skills in Excel and PowerPoint
Strong written and verbal communication skills
Strong analytical and problem-solving skills
Experience with advanced analytical tools, such as Power BI, SQL, Python
Visa Sponsorship
Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).
In-Office Collaboration
We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.
Base Pay Salary
The estimated base salary for this role is $71,300 - $98,100 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Business Support & Operations
Line of Business
BANK Bank
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.
We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.
We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses – Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Job Description
In this role, you will contribute to product development and credit strategy to support and drive lending growth. This includes supporting bank lending product initiatives, including marketing and rewards programs. You will also assist in the bank’s loan loss reserve function by conducting industry benchmark analysis and supporting the development of the bank’s in house CECL model
Responsibilities
Inform product and credit strategy to support lending growth with actionable insights derived from data and analysis. Use advanced tools and analytics to perform product and credit analysis and present results and recommendations to leadership and key partners. Communicate action plans and priorities to appropriate stakeholders.
Utilize company, industry knowledge, and technical expertise to enhance and streamline the current benchmark process for the bank’s loss reserve function. Inform the allowance for credit loss model development and also support the CECL subcommittee, including preparing meeting material, document meeting minutes, etc.
Support the bank’s lending product teams by providing accurate, timely and responsive services to the business based on business need, including delinquency information and exception updates. Identify issues, such as data issues of missing value or unreasonable value through daily work and develop solutions that best meet business objectives and increase efficiencies. Partner with key stakeholders to influence credit strategy on new lending initiatives, marketing programs, Home Equity program and credit card recourse program.
Support the bank’s Credit Risk Management functions by continuously monitoring credit quality and practices including collections, foreclosures, credit line management, etc.
Required Qualifications
1-3 years' relevant experience
Bachelor's degree or equivalent
Preferred Qualifications
Experience in banking or financial service company
Knowledge of consumer lending products such as Mortgage, Home Equity, Credit Card, etc.
Understanding of credit risk and loan loss reserves
Experience with data and analysis
Advanced skills in Excel and PowerPoint
Strong written and verbal communication skills
Strong analytical and problem-solving skills
Experience with advanced analytical tools, such as Power BI, SQL, Python
Visa Sponsorship
Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).
In-Office Collaboration
We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.
Base Pay Salary
The estimated base salary for this role is $71,300 - $98,100 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Business Support & Operations
Line of Business
BANK Bank
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.
We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.
Salary : $71,300 - $98,100