Senior Associate, Credit Risk

When you join Sallie Mae, you become a champion for all students.

We’re on a mission to power confidence as students begin their unique journey. To help them plan their higher education, successfully finish, and prepare for life after school. To help them Start smart. Learn big.

Students need guidance navigating this important time in their life. They need someone who acknowledges that their education path is unique. They need a partner willing to evolve and not only meet but surpass their expectations. We’re changing. Because students need a better way.

We’re looking for people who are excited to drive this transformation. To break barriers and think of new ways to adapt, help, and create better experiences for students—and for each other.

This is where diverse backgrounds, beliefs, and perspectives matter. It’s where you’re empowered to bring your authentic self to work.

Feeling your best allows you to do your best. Our benefits take care of the whole you—from physical and mental to financial and professional. You’ll get opportunities to further your education and career, support for you and your family (including your pets!), paid time off to volunteer for the things that matter to you, and more.

We’re obsessed with impact and making a real difference. For us, that means putting relationships first, asking “why not?” when tackling challenges, and continuously learning new skills.

Come do more than join something, change something. For students, for future generations, for the future of education.

TITLE:                      Senior Associate, Credit Risk

Duties:                    Support 2nd Line of Defense analytical review of credit risk related to underwriting, portfolio management, and loss mitigation processes. Evaluate risk impact of strategy changes, environmental changes, and related layered risk. Provide analytical support, deep diving into emerging credit trends and performing ad-hoc credit reporting. Provide narratives of observations and preparation of presentation materials. Manage real-time trigger reporting. Use analytical techniques to provide insights into portfolio credit quality at segment level and assessment of emerging risk. Communicate findings and recommended enhancements to business partners and review remediation. Develop monitoring for credit decision processes based on aggregation of component (models used in credit decisions, alt-data and other tools) risk and complexity. Design and support business cycle and credit impact assessments. Manage documentation, process, and standards for compliance with credit risk policy requirements. Assist in the compilation of the quarterly Chief Credit Officer submissions. Document and communicate results to senior leadership. Hybrid work from home benefit available 2 times a week within a reasonable commuting distance of the Newark, Delaware office.

SCHEDULE:             40 hours per week, Monday through Friday

LOCATION:             SMB Shared Services, Inc., 300 Continental Drive, Newark, DE 19713

REQUIREMENTS:   Bachelor's degree in Actuarial Science, statistics, economics, mathematics, or other quantitative science field of study and one (1) year of experience as a Risk Analyst, or related role where required experience was gained. Also requires one year of experience in the following:

• Credit strategy development or credit analytics experience;
• 2nd Line of Defense performing credit review analytics;
• Applied experience using statistical tools such as SAS, Python, R, or Tableau;
• Data management and self-sufficiency in data querying;
• Credit policy, procedures, and standards; and
• Regulatory environment.

CONTACT:               Send resume to HR_TA@salliemae.com and reference job title and location.

88906251.v1-IMMIGRATION

Our benefits take care of the whole you—so you can build your work around your life (not the other way around!).

• 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

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Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. Click here to view the U.S. Pay Transparency Policy, here for federal job applicant notices, and here to view the California Employee Privacy Notice.

Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process. To request an accommodation please call (855) 756-2007 and choose option 9. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.