Credit Risk Portfolio Manager Vehicles (Remote)

Job Summary

The Netbank Credit Portfolio manager – Vehicle will be primarily responsible for ensuring the financial health and sustainability of our business. This position requires a deep understanding of credit risk management, portfolio analysis, and vehicle finance. The successful candidate will play a pivotal role in developing and implementing strategies to mitigate credit risk, optimize portfolio performance, and support the growth of our vehicle lending business.

Duties and Responsibilities:

Portfolio Management and Optimization

• Portfolio Oversight: Monitor the performance and health of the vehicle loan portfolio, ensuring alignment with the bank’s risk appetite and profitability targets.
• Portfolio Optimization: Develop and implement strategies to optimize the vehicle loan portfolio, balancing risk and return to maximize profitability and minimize potential losses.
• Limit Setting: Establish and regularly review credit limits and exposure guidelines for vehicle loans, ensuring they are consistent with the bank’s risk management framework and regulatory requirements.
• Concentration Risk Management: Manage concentration risks within the portfolio by diversifying exposure across different vehicle types, manufacturers, and geographic regions.

Loan Product Design and Development

• Product Innovation: Design and develop competitive and tailored vehicle loan products, ensuring they are market-relevant and profitable.
• Pricing Strategy: Develop pricing strategies for vehicle loan products that reflect risk-adjusted returns, market conditions, and competitive positioning.
• Product Launch: Oversee the implementation and launch of new vehicle loan products, coordinating with marketing, sales, and operations teams to ensure successful market entry.

Market Analysis and Understanding

• Market Research: Conduct thorough market research to identify emerging trends, opportunities, and competitive threats in the vehicle lending space.
• Benchmarking: Benchmark the bank’s vehicle loan products and portfolio performance against industry standards and competitors to identify areas for improvement.
• Client Needs Analysis: Analyze the financial and personal needs of vehicle loan clients to inform product development and portfolio management strategies.

Risk Management and Compliance

• Risk Assessment and Mitigation: Conduct regular risk assessments of the vehicle loan portfolio, identifying potential risks and implementing mitigation measures to protect the bank’s interests. This includes definition of data to gather on clients, approaches for scoring, definition of ratios, etc. This task is expected to be ~50% of the effort of the position holder.
• Regulatory Compliance: Ensure all vehicle lending activities comply with regulatory requirements and internal policies, staying abreast of changes in the regulatory landscape.
• Stress Testing: Perform stress testing and scenario analysis on the vehicle loan portfolio to evaluate its resilience under adverse economic conditions.

Reporting and Analysis

• Performance Reporting
• Data Analysis
• Risk Metrics

Strategic Planning and Execution

• Strategic Initiatives:
• Business Development:
• Stakeholder Engagement:

Metrics to monitor

• Good credit quality of the portfolio
• Good relationship with partners

Required skills and qualifications

• Filipino or foreign national
• Bachelor’s Degree, preferably in Business Administration/Commerce, Business Management, Economics, Financial Management or their equivalent. Strong capabilities in maths is vital.
• 3-5 years experience in credit risk assessment – especially in consumer and SME lending – preferably within a foreign bank
• Knowledgeable in retail risk management
• Good oral and written communication