Lead Credit Risk Analyst, Credit Card originations - HSBC (Chicago, IL)

Lead Credit Risk Analyst - Credit Card originations: be on the cutting edge of the industry!

Location: Chicago, IL, Portland OR, or Salinas, CA.

A lead analyst is a key member on Credit Risk Policy team leading analytical initiatives related to credit underwriting and business innovations. The position is responsible for driving the business analysis and business cases in support of the growth and profitability of a top national retailer private label and credit card portfolio with $5 billion in total receivables.

The individual will accomplish the following job functions:

• Develop strategies for private label or credit card decisioning and line assignment strategies for a portfolio with more than 2 million accounts booked per year. Aid in the development of challenger underwriting decision logic, multiple account decision logic, and underwriting strategies for new populations.
• Work with Finance team to evaluate the risk/return profile of the targeted populations and identify key performance drivers to meet the corporate established return requirements. Assist Finance team by providing loss forecast assumptions leveraging the historical performance and planned strategy changes for each targeted segment.
• Drive the development of business solutions, including the use of new scores, data, models and technologies that will increase the profitability of new originated accounts.
• Design and write mainframe and PC technical programs for statistical analysis of portfolio performance and monitoring. Leverage and optimize existing tracking systems to provide informative reporting to senior management and recommend new initiatives and strategy changes.
• Communicate and document processes and analysis results. Prepare and deliver presentations to senior management and to various business groups, including Finance, Marketing and Compliance.

The candidates should have 2+ years of financial services industry experience. Candidates with exceptional track record from other industry in an analytical or consulting role will also be considered. The individual will need to show strong technical skills with proficiency in MS Excel, SAS or other comparable statistical/database programs or programming languages. He should also have strong presentation and communication skills. Bachelor’s degree in business, finance, operations/engineering or equivalent is required. Masters in similar quantitative discipline preferred.

The HSBC Group (www.hsbc.com) is one of the largest and most strongly capitalized banking and financial services organizations in the world. HSBC provides a comprehensive range of financial services through an international network of approximately 9,500 offices in more than 79 countries and territories in Europe, the Asia-Pacific, the Americas, the Middle East and Africa. The Group employs in excess of 223,000 individuals throughout the world.

HSBC Card Services (part of HSBC Group) is a top 10 credit card issuer in the US, and manages the GM Card, Sears Card, Best Buy Card, among other private label and credit card portfolios, with total receivables of about $29 billion.

Contact: mike.m.furutani [at] us.hsbc.com

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