CardWorks · 22 hours ago
VP Credit Risk Oversight
Wilmington
Full-time
Hybrid
Senior Level, Lead/Staff
10+ years expCardWorks is a diversified consumer finance service provider, and they are seeking a Vice President of Credit Risk Oversight to provide independent, data-informed oversight of credit risk strategies across Merrick Bank's non-prime consumer portfolios. This senior role involves assessing credit and portfolio strategies, monitoring performance trends, and ensuring compliance with governance expectations.
Financial Services
Responsibilities
Provides independent assessment of credit and portfolio strategies for consistency with the Bank’s risk appetite, policy frameworks, and regulatory expectations
Evaluates credit and fraud proposals (acquisition, CLI, collections changes etc.) for risk/reward balance, directional impact, and customer fairness
Reviews the use of credit rules, and segmentation approaches, to ensure conceptual soundness, data integrity, and adherence to approved frameworks
Represents second-line perspectives in governance forums, bringing a clear, data-anchored risk lens to decision discussions
Partners early in the decision cycle to influence design choices while maintaining independent judgment and documented challenge
Monitors portfolio performance trends, delinquency, losses, and credit dynamics to independently assess the sustainability of first-line strategies
Evaluates forecast reasonableness, assessing sensitivity to macroeconomic assumptions, and alignment to risk appetite and capital plans
Contributes to Risk Appetite Framework development and maintenance, ensuring directional KRIs/KPIs (e.g., NCL rate, delinquency, concentration limit, forecast variance) remain credible and connected to portfolio actions
Supports Credit and Enterprise Risk in translating strategy and forecasting outcomes into Board-level and regulatory risk narratives
Maintains a formal challenge log documenting material decisions, oversight input, and management responses
Prepares Credit Risk Committee materials summarizing independent views on portfolio health and emerging risks
Supports regulatory and audit reviews by demonstrating traceable linkage between strategy oversight, governance records, and risk-appetite outcomes
Fosters a constructive challenge culture that emphasizes sound decisions over process formality
Builds strong relationships with Lending First Line, Finance, and ERM partners to ensure oversight is both credible and collaborative
Benchmarks Merrick’s practices against industry norms and evolving regulatory expectations for non-prime and subprime risk management
Responsible for developing, documenting, communicating, maintaining, and enforcing effective control system policies and procedures within your area of oversight
Responsible to act in a timely manner to update policies and procedures when changes in operating conditions occur and / or breakdowns or noncompliance with laws and regulations appear
Responsible for complying with all of the Bank’s internal control policies and procedures
Responsible for understanding and complying with all laws and regulations to which the Bank is subject
Responsible for communicating problems in operations, noncompliance with the code of conduct, noncompliance with laws and regulations, policy violations, or illegal acts
Qualification
Required
Bachelor's degree in Business, Economics, Statistics, Engineering, or related quantitative discipline is required
Ten (10) years' experience in consumer credit risk management or strategy, with deep expertise in non-prime and subprime lending
Proven experience in evaluating or developing credit strategies, including acquisition, line management, and collections
Strong understanding of credit card economics, portfolio forecasting, and credit mitigation dynamics
Knowledge of risk appetite frameworks, second-line oversight, and regulatory expectations (FDIC, CFPB, OCC)
Ability to synthesize analytics and operational trends into clear strategic implications
Excellent communication and relationship-building skills, with the ability to challenge constructively and influence senior management decisions
Deep understanding of credit and fraud drivers across the customer lifecycle
Demonstrated ability to form independent perspectives using quantitative analysis and sound business judgment
Skilled at connecting model, portfolio, and macro performance into a coherent risk story
Confident communicator capable of representing second-line views to senior management and regulators
Collaborative and pragmatic, focused on enabling sound growth within disciplined risk boundaries
Preferred
Master's degree (MBA, Economics, Statistics, or related field) is preferred
Benefits
Medical, Dental, and Vision (plus much more)
401(k) Plan with Company Match
Short- & Long-Term Disability
Wellness Programs
Group Life and AD&D Insurance
Paid Vacation, Sick Days and bank Holidays
Employee Engagement Activities including Employee Appreciation Day, DEI Employee Resource Groups, Corporate Social Responsibility, Service Recognition
Company
CardWorks
Cardworks is a service provider provides comprehensive service and support to bankcard issuers.
1001-5000 employees
H1B Sponsorship
CardWorks has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (2)
2022 (2)
2021 (2)
Funding
Current Stage
Late StageTotal Funding
unknownKey Investors
Parthenon Capital Partners
2022-02-15Private Equity
2017-08-01Private Equity
Leadership Team
Christian Wymbs
EVP & CFO
Recent News
2025-10-03
2025-10-01
2025-05-10
Company data provided by crunchbase