Risk Analyst II, Credit/Collections

See Yourself At Target Employing more than 270,000 team members in 47 states, we value creativity, diversity and collaboration in all its forms. From stocking our stores' shelves with fantastic products at great prices to a deep commitment to community giving, Target strives for excellence in every area.

Financial Services

You're right on the money. Our financial products and services drive sales, deepen guest relationships and sustain outstanding profitability.


Purpose

As a Risk Analyst II, Credit/Collections, you will use a risk/reward methodology to analyze Target Financial Services' (TFS) Collections policies and strategy decisions. Gather relevant internal and external data; use a variety of analytic tools and techniques to perform statistical and financial analysis that create actionable collections/risk decisions; implement strategic initiatives through an adaptive control methodology that leads to optimal performance and continual learning; disseminate results through reporting and presentations to both senior management and impacted business lines.
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See Yourself:

Developing strategies to drive higher payment rates and reduced delinquency roll rates, and identify other profitable opportunities.

Analyzing collections strategy performance, calculate Economic Value Added (EVA) for various business strategies, and understanding risks, trends and opportunities in our business with the objective of enhancing the financial performance of TFS. Preparing competitive and industry research as needed.

Developing and managing collections decisions for the Target portfolios. Completing financial forecasts and post-event analysis for risk management strategies. This includes developing analytical models, profit and loss projections, and EVA and NPV calculations.
Developing analytical models to analyze and segment guest behavior. Analyzing and measuring effectiveness of processes used to manage a delinquent inventory
Leading initiatives to understand risk management software and data offered by vendors that can be integrated into the TFS business. Providing requirements for software and process enhancements needed to integrate credit policy into the business lines. Working closely with System Administrators to ensure an appropriate adaptive control methodology is implemented.
Performing complex qualitative and quantitative research on credit portfolios and develops strategic programs to optimize benefits to the company (enhance revenues, reduce losses, etc.) Conducting proforma analysis of strategy proposals to determine the full financial impact on the credit portfolios.
Being responsible for obtaining senior management approval of collections policy changes and works closely with the appropriate business lines to ensure compliance.. Communicating policy changes to the appropriate business lines and addressing resources and implementation concerns.
Being responsible for documenting the Collections Department's policies and procedures.
Supervising, if required, up to two junior programmers/analysts.
Providing periodic presentations of analysis projects to peers and senior management.
Managing strategic projects and initiatives as assigned.





Job Requirements

Minimum Requirements:

Graduate degree in math, statistics, economics, operations research or related quantitative discipline

3-5+ years of risk management or credit/collections analysis experience within the financial services industry

Strong understanding of financial theory and credit concepts

Strong financial modeling skills

Working knowledge of SAS, SQL or other data analysis programming software

Knowledge and experience using SAS Enterprise Miner, SPSS or other Tree Regression software

Ability to communicate effectively at all levels of the organization





See The Rewards

Eligible team members will receive one of the best earnings packages anywhere, including competitive pay, all-around insurance coverage, 401(k), flexible scheduling, training and development and many other perks and benefits. See a place of exciting challenges and rewards. See a place where you'll feel empowered to do something brilliant. See a place filled with creativity and unlimited opportunity. See a place where 'work' could easily be called play. To apply, visit our careers Web site at