Sr. Risk Analyst, Credit Risk Management

About Us

Founded in 1997, Merrick Bank is an FDIC®-insured financial institution headquartered in South Jordan, Utah, with over $10 billion in assets. A wholly owned subsidiary of CardWorks Financial Group, Merrick Bank serves roughly five million cardmembers and more than 100,000 merchant customers nationwide. We provide credit cards, recreational loans, deposit accounts, merchant services, and bank sponsorships to consumers and businesses. As a leader in non-prime lending and merchant acquiring, we combine innovative technology with data-driven insights to help underserved consumers build and strengthen credit while delivering integrated, scalable payment solutions for businesses. Merrick Bank ranks among the top 20 FDIC®-insured credit card issuers in the U.S. and among the top 15 merchant acquirers by transaction volume.

About the Role

The Senior Analyst, Credit Risk Oversight, plays a key role in the Bank's second line of defense by supporting independent oversight, monitoring, and assessment of credit risk across the consumer lending portfolios. This position performs portfolio risk analysis, monitors emerging credit trends, develops executive-level risk reporting, and supports the review and challenge of material credit decisions. The role serves as a primary coordinator of the Bank’s Quarterly Credit Oversight reporting process. Through data-driven analysis, effective communication, and cross-functional partnership, this position helps identify emerging risks, improve transparency into portfolio performance, and support informed risk management decisions.

This position reports to the Director, Credit Risk Oversight.

Responsibilities

• Credit Risk Monitoring & Analysis: Monitors consumer lending portfolio performance, credit trends, forecast outcomes, and key risk indicators. Conducts analysis to identify emerging risks, adverse trends, variances from expectations, and potential risk appetite concerns.
• Credit Oversight Reporting: Coordinates the development of the quarterly Credit Oversight Report and supporting materials. Produces recurring and ad hoc reporting, synthesizing portfolio performance, forecast results, credit decisions, and emerging risks into clear, actionable insights for management and governance committees.
• Risk Assessment & Governance Support: Supports independent assessment of portfolio risk, CECL forecasts, and material credit decisions. Assists in the preparation of oversight documentation, challenge artifacts, concurrence materials, and governance reporting.
• Credit Analytics & Early Warning Monitoring: Develops and maintains portfolio monitoring tools, dashboards, and analytical frameworks used to assess portfolio health and identify early warning indicators. Evaluates performance relative to expectations, forecasts, and risk appetite thresholds.
• Review & Challenge Support: Performs analytical reviews of assumptions, methodologies, and performance drivers supporting credit forecasts and credit decisions. Identifies areas requiring additional analysis, clarification, or challenge and presents findings to Credit Risk Oversight leadership.
• Cross-Functional Partnership: Collaborates across first- and second-line functions to gather information, understand portfolio developments, and support effective risk oversight. Develops productive working relationships while maintaining an independent risk perspective.

Requirements

• Education & Experience:
  • Bachelor's degree in Business, Finance, Economics, Statistics, Mathematics, Engineering, or quantitative discipline is required.
  • Master's degree (MBA, Economics, Statistics or related field) is preferred.
  • Two (2) years of experience in credit risk, consumer lending, portfolio analytics, financial analysis, or related analytical risk disciplines.
  • Experience developing performance reporting, portfolio monitoring, or credit risk analysis is preferred.
• Knowledge, Skills And Capabilities:
  • Credit Risk Knowledge: Understanding of consumer lending, portfolio management, credit performance metrics, and credit risk monitoring concepts.
  • Analytical Skills: Strong analytical capabilities with experience evaluating portfolio trends, identifying performance drivers, conducting root cause analysis, and interpreting large datasets.
  • Risk Reporting & Communication: Ability to synthesize quantitative and qualitative information into concise, actionable reporting and presentations for management audiences.
  • Data Visualization & Reporting: Experience developing dashboards and reporting solutions using Power BI, Tableau, or similar tools.
  • Technical Skills: Proficiency with SQL and Excel required. Experience with SAS, Python, or comparable analytical tools preferred.
  • Intellectual Curiosity: Demonstrates a desire to understand underlying drivers of portfolio performance, challenge conventional thinking, and proactively investigate emerging risks, trends, and opportunities for deeper analysis.
  • Attention to Detail & Accuracy: Maintains a high standard of accuracy and quality in analysis, reporting, and risk assessments. Demonstrates strong discipline in validating data, documenting conclusions, and ensuring information used in decision-making is complete and reliable.
  • Continuous Improvement Mindset: Actively seeks opportunities to enhance reporting, monitoring frameworks, and analytical approaches to improve the effectiveness and efficiency of the Credit Risk Oversight function.
  • Organization & Project Management: Ability to manage multiple priorities, coordinate recurring reporting processes, and meet deadlines.
• Compliance with Laws & Regulations:
  • Responsible for complying with all 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.

Work Environment

• This position is remote or hybrid, and if hybrid, the expectation is that the employee will work approximately 2-3 days onsite per week, depending on business needs.
• Work is in an office environment, sustained posture in a seated position for prolonged periods of time; works with computer equipment for prolonged periods of time.
• Some stress may occur.
• Occasional travel may be required.

Why Join Us

We believe in putting people first by supporting our customers, employees, and our partners while creating opportunities for everyone to reach their potential. From fostering work-life balance to rewarding good work and innovative ideas, we invest in what matters most: our people. At Merrick Bank, you’ll be part of a collaborative, customer-focused team where you can grow your career while making a meaningful impact.

Benefits

• Competitive Pay, including a Bonus Target or Variable Pay Incentive Program
• 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

We offer a total rewards package comprised of a competitive base rate of pay, variable pay incentive programs based on the role, and a comprehensive benefit suite. Offered rates of pay are determined based on job-related knowledge, relevant experience, skills, certifications, and geographic location.