VP Credit Risk Oversight

* Join our team - and take the next step in achieving a fulfilling career!
*** What We Do
** At Card Works, we aim to help people connect with possibility and opportunity using our financial servicing expertise. Building meaningful, long-term relationships with consumers, our employees, and our clients is what matters most.
** Who We Are
** Card Works, Inc. is a diversified consumer finance service provider and parent company of Card Works Servicing, LLC, Merrick Bank and Carson Smithfield, LLC.Card Works Servicing, LLC provides end-to end operational servicing functions for credit cards, secured cards, and installment loans. We service consumer and small business loans across the credit spectrum and offers backup servicing and due diligence services to capital providers and trustees.

Merrick Bank is an FDIC-insured Utah Industrial Loan Bank.  Merrick operates three main business lines:  credit cards, recreational lending, and merchant services.

Carson Smithfield, LLC provides a variety of post-charge-off debt recovery services, including digital self-service, IVR, live agent, and external agency management.
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* Position Summary:

** The Vice President, Credit Risk Oversight is a senior member of Merrick Bank’s second line of defense, responsible for providing independent, data-informed oversight of credit risk strategies across the Bank’s non-prime consumer portfolios.

This position offers hybrid and remote work arrangements for qualified candidates.

Reporting to the SVP & Chief Credit Officer, this position acts as a strategic challenger and translator, connecting first-line analytics and business execution to the Bank’s risk appetite, governance expectations, and performance outcomes.

This is a judgment-heavy, forward-looking oversight role, not an assurance or control testing function. It focuses on the reasonableness, directionality, and traceability of first-line strategies and forecasts.
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* Essential Functions:

** Independent Strategy Oversight
* 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.

Credit Monitoring & Analytics
* 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.

Governance, Documentation & Traceability
* 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.

Culture, Collaboration & Influence
* 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…