Posted Position Title Risk Analyst – Loss Forecasting

Job Number	1867848
Business	GE Capital
Business Segment	Capital - Retail Finance
About Us	Position can be located in any of the following GE Capital - Retail Finance locations: Stamford, CT; Chicago, IL or Alpharetta, GA. GE Capital’s Retail Finance business is among the country’s most successful retail lenders, with more than 75 years of experience in consumer financing. The business, which originates loans as a unit of GE Capital Retail Bank, provides credit card programs to retailers and consumers in the United States and Canada. We build better businesses through customized private label and bankcard credit programs to national and regional retailers in the U.S., as well as private label credit card programs, promotional and installment lending, bankcards and financial services for consumers through dealers; national, regional and independent retailers; contractors; manufacturers; healthcare practices; and service providers across nearly 20 industries. At GE Capital Retail Finance, we are committed to being an employer of choice, offering competitive rewards, compensation and benefits. When you join our team, you become part of a stimulating work environment with vast opportunities to sharpen your skills and embrace new leadership challenges. GE provides tools to enable you to build your development and chart your own career path. As a member of the GE Capital Retail Finance team, you'll join over 8,000 colleagues who are passionate about their work! The United States has regulations that govern the hiring of current or former U.S. Government employees. If you currently work for (or have in the past) the U.S. Government (in any capacity), you may have certain responsibilities under these regulations and certain restrictions may apply to your potential employment with GE. Therefore, if GE regarding a position of employment contacts you, and you have worked for the U.S. Government at any time, please immediately inform the GE representative of this fact.
Career Level	Experienced
Function	Risk Management
Function Segment	Risk Analytics
Location(s) Where Opening Is Available	United States
U.S. State, China or Canada Provinces	ConnecticutGeorgiaIllinois
City	Stamford, CT; Chicago, IL; Alpharetta, GA
Postal Code	06902, 30005, 60661
Relocation Expenses	Yes
Role Summary/Purpose	GE is an equal opportunity employer, offering a great work environment, challenging career opportunities, professional training and competitive compensation. GE is an equal opportunity employer, offering a great work environment, challenging career opportunities, professional training and competitive compensation. This position is a business critical role supporting delinquency & loss forecasting for the entire Retail Finance organization covering Private Label Credit Cards, Dual Cards, Sales Finance Closed End, and Commercial programs.
Essential Responsibilities	Responsible for maintenance and update of delinquency, contractual loss, and early charge off forecast models for Retail Finance in order to prepare loss forecasts for near, medium, and long term periods. Responsible for maintaining necessary controls with respect to loss forecast models and process in line with governance policy and procedures. Provide portfolio/ product level inputs with respect to loss and delinquency expectations into several processes including ALLL, Late fee forecasts, Net Income Estimates, etc. during all formal business planning sessions, quarterly forward looking loss updates, as well as any other adhoc forecasts. Lead/participate in several small/ medium analytical projects to identify underlying portfolio performance drivers such as changes to collections strategy, portfolio mix, change in terms, etc. Assist the Loss Forecasting manager in the preparation of updates relating to credit cost, delinquency performance, and forecasts.
Qualifications/Requirements	Bachelor’s degree in Science, Business or related analytical field 3+ years’ experience in loss forecasting in the Credit Card industry 3+ years’ SAS programming experience and proven ability to work with and execute analysis on large amounts of data with relative independence Ability to present complex analysis in a simple summarized way to the leadership YOU MUST BE ABLE TO SATISFY THE REQUIREMENTS OF SECTION 19 OF THE FEDERAL DEPOSIT INSURANCE ACT All applications for employment must be submitted through either www.gecareers.com or the Career Opportunity System (COS) to be considered You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the selection process. If currently a GE employee, you must have been in your current position for at least 6 months (AP) or 24 months (PB or greater), have at least a "consistently meets expectations" performance rating and have the approval of your manager to post (or the approval of your manager and HR to apply if you don't meet the time-in-job or performance requirement) Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening.
Additional Eligibility Qualifications	GE will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a background investigation and drug screen.
Desired Characteristics	2+ years’ experience in at least one of the following; reserve management process (ALLL), stress testing, risk analytics in Credit Card industry Familiarity with regulatory framework around ALLL/ Loss forecasting Experience using industry loss forecast tools, econometric modeling Advanced SAS/ SQL experience Experience in project management Strong interpersonal skills and ability to work effectively in geographically spread-out teams Very strong spreadsheet skills Strong communication and presentation skills
Section 19 Job	YOU MUST BE ABLE TO SATISFY THE REQUIREMENTS OF SECTION 19 OF THE FEDERAL DEPOSIT INSURANCE ACT.