Risk Manager

Salary Range for Risk Manager in Credit Card Issuing

for Risk Manager in Credit Card Issuing: $80,000 - $150,000 per year.

Sample Job Description for Risk Manager in Credit Card Issuing Industry

Job Description:

The Primary Objective Of A Risk Manager In A Credit Card Issuing Company Is To Identify, Assess, And Mitigate Risks Associated With Credit Card Operations. This Includes Analyzing Credit Card Applications, Evaluating Customer Creditworthiness, And Implementing Risk Management Strategies To Minimize Potential Losses. The Risk Manager Is Responsible For Developing And Maintaining Risk Management Policies And Procedures, Ensuring Compliance With Regulatory Requirements, And Monitoring The Effectiveness Of Risk Controls.

Job Requirements:

1. Bachelor'S Degree In Finance, Economics, Or A Related Field (Master'S Degree Preferred). 2. Proven Experience In Risk Management Within The Credit Card Industry. 3. Strong Knowledge Of Credit Risk Assessment Methodologies. 4. Familiarity With Regulatory Frameworks And Compliance Requirements. 5. Excellent Analytical And Problem-Solving Skills. 6. Proficiency In Data Analysis And Risk Modeling. 7. Strong Communication And Interpersonal Skills. 8. Ability To Work Effectively Under Pressure And Meet Deadlines. 9. Detail-Oriented And Highly Organized. 10. Ability To Adapt To Changing Industry Trends And Technologies.

Job Responsibilities:

1. Evaluate Credit Card Applications And Determine Credit Limits Based On Risk Assessment. 2. Develop And Implement Risk Management Strategies To Minimize Credit Losses. 3. Monitor Credit Card Portfolios For Potential Risks And Proactively Recommend Risk Mitigation Measures. 4. Conduct Regular Portfolio Analysis To Identify Trends And Patterns. 5. Collaborate With Cross-Functional Teams To Develop And Enhance Risk Management Policies And Procedures. 6. Stay Updated With Industry Regulations And Ensure Compliance. 7. Provide Training And Guidance To Staff On Risk Management Best Practices. 8. Conduct Periodic Risk Assessments And Audits. 9. Prepare Reports And Present Findings To Senior Management. 10. Continuously Monitor And Assess The Effectiveness Of Risk Controls And Make Recommendations For Improvements.

Top 10 Employers for Risk Manager in Credit Card Issuing:

1. American Express - New York, USA - www.americanexpress.com 2. JPMorgan Chase - New York, USA - www.jpmorganchase.com 3. Capital One - Virginia, USA - www.capitalone.com 4. Citigroup - New York, USA - www.citigroup.com 5. Bank of America - North Carolina, USA - www.bankofamerica.com 6. Discover Financial Services - Illinois, USA - www.discover.com 7. Wells Fargo - California, USA - www.wellsfargo.com 8. Barclays - London, UK - www.barclays.com 9. HSBC - London, UK - www.hsbc.com 10. TD Bank - Toronto, Canada - www.td.com

Career Path for Risk Manager in Credit Card Issuing:

1. Credit Analyst/Underwriter - Bachelor's degree in finance or related field, 2-4 years of experience. 2. Senior Credit Analyst/Underwriter - Bachelor's degree in finance or related field, 4-6 years of experience. 3. Risk Analyst - Bachelor's degree in finance or related field, 6-8 years of experience. 4. Assistant Risk Manager - Bachelor's degree in finance or related field, 8-10 years of experience. 5. Risk Manager - Bachelor's degree in finance or related field, 10+ years of experience.

Top 5 Countries by Risk Manager in Credit Card Issuing:

1. United States 2. Canada 3. United Kingdom 4. Australia 5. Singapore

Top 5 Countries with Established Credit Card Issuing:

1. United States 2. China 3. Japan 4. United Kingdom 5. Canada