Retail Credit Risk Management

We made history and now we work to transform the future – for our customers, our communities and our families. You'll see your work on the road every day, helping people move freely and pursue their dreams. At Ford, you can build more than vehicles. Come build what matters.

The Ford Motor Credit Company team helps put people behind the wheels of great Ford and Lincoln vehicles. By partnering with dealerships, we provide financing, personalized service and professional expertise to thousands of dealers and millions of customers in over one hundred countries around the world.

The Ford Motor Credit Company (“Ford Credit”) has received the regulatory conditional approval to form Ford Credit Bank("the Bank") to be headquartered in Salt Lake City, Utah.

The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, EV Infrastructure and software and will accept deposits with competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Credit, an indirect wholly owned subsidiary of Ford Motor Company (“Ford”).

The people of Ford Credit have a 60-year commitment to helping put people behind the wheels of great Ford and Lincoln vehicles. By partnering with dealerships, we provide financing, personalized service, and professional expertise to five thousand dealers and more than four million customers in over 100 countries around the world. The proposed Bank will be a strategic addition to Ford Credit and is key to providing the capabilities needed to meet the financing expectations of Ford customers.

If you’re customer-focused, driven and seeking the opportunity to experience exciting challenges and growth, look no further. The successful candidate will be a member of an exciting and dynamic team of banking professionals who would have the opportunity to stand up and begin the operations of the de novo Bank. New employees hired by the bank will initially be Ford Credit employees. Once the bank is formally established, these employees may be transferred to the new bank. 

Come help build a better world, where every person is free to move and pursue their dreams. Ford was built on the belief that freedom of movement drives human progress. It’s a belief that has fueled our passion to create great cars and trucks. And today, it drives our commitment to become the world’s most trusted mobility company, designing vehicles for a smart world that helps people move more safely, confidently, and freely. Ford is experiencing significant business transformation in an ever-changing digital world. We are dedicated to delivering distinctive products and solutions, having an “always on” relationship with customers and continuously improving our user experience. 

Ford Credit Bank (the “Bank”), a de novo Utah industrial bank headquartered in Salt Lake City, Utah, will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company (“Ford Credit”), an indirect wholly owned subsidiary of Ford Motor Company (“Ford”).  The Bank is designed to be a leading financial institution committed to upholding the highest standards of integrity, ethics, and regulatory compliance. We serve our customers with a wide range of financial products and services, driven by a culture of trust and excellence.

In this position...

Leads second-line credit risk oversight for the Bank’s consumer auto lending portfolio, ensuring underwriting, servicing, collections, and repossession practices align with risk appetite, internal policy, and regulatory requirements. Provides independent monitoring and reporting on portfolio performance, policy exceptions, concentrations, and residual values, and serves as secretary to the Ford Credit Bank Credit Committee.

The Retail Credit Risk Management Lead will report directly to the Bank’s Chief Credit Officer and will be responsible for implementing and monitoring all aspects of the Bank’s consumer auto lending credit risk management programs.  The Credit Risk Lead will ensure the programs function with a high level of compliance with internal policies, and federal and state regulatory expectations.  The Lead is required to be knowledgeable and skilled in the areas of consumer credit risk management, preferred auto lending.  The lead must be able to independently assess associated risks and develop monitoring programs.

Responsibilities

What you'll do...

• Provide support to the Chief Credit Officer in all consumer lending credit risk activities.
• Execute the Bank’s credit risk management program in alignment with the Bank’s governance framework and risk appetite, and comply with Bank policy and federal/state law and regulation

Maintain an effective credit risk monitoring program including but not limited to:

Adherence to consumer lending applicant underwriting standards;

• Adherence to minimum standards for the requirement of when investigation and verification of applicant and contract data is required; and Adherence to minimum collection and vehicle repossession strategies, tactics, and record keeping; and
• Execute a 2nd-line-of-defense risk management program for consumer loans including ensuring bank underwriting, servicing, collection and other standards are being met.
• Provide independent oversight and reporting to Senior Management and the Credit Committee on key credit risks, credit risk trends, and credit risk mitigation, including regular reporting at the transaction, product segment, product, and portfolio levels on policy exception volumes, performance, credit concentrations and other analysis.
• Oversee vehicle residual value setting processes, conduct quarterly reviews of vehicle residual value performance, and report results.
• Secretary to the Ford Credit Bank Credit Committee.

Qualifications

You'll have...

• Bachelor’s degree preferred
• 5+ years of banking experience
• A minimum of 3 years' experience in consumer credit risk
• Knowledge of lending interagency regulations and applicable state laws
• Understanding of the 3-lines of defense in banking
• Strong communication and presentation skills and proven customer service experience
• Exceptional analytical skills and the ability to work with complicated financial data

You may not check every box, or your experience may look a little different from what we've outlined, but if you think you can bring value to Ford Motor Company, we encourage you to apply!

As an established global company, we offer the benefit of choice. You can choose what your Ford future will look like: will your story span the globe, or keep you close to home? Will your career be a deep dive into what you love, or a series of new teams and new skills? Will you be a leader, a changemaker, a technical expert, a culture builder…or all of the above? No matter what you choose, we offer a work life that works for you, including:

• Immediate medical, dental, vision and prescription drug coverage

• Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more

• Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more

• Vehicle discount program for employees and family members and management leases

• Tuition assistance

• Established and active employee resource groups

• Paid time off for individual and team community service

• A generous schedule of paid holidays, including the week between Christmas and New Year’s Day

• Paid time off and the option to purchase additional vacation time.

This position is a salary grade 8 and ranges from $99,100-$166,200.     

Final determination of salary grade will be based on candidate's skills and experience, and base salary will be set within the applicable range according to job scope, responsibility and competitive market value.

For more information on salary and benefits, click here: https://fordcareers.co/GSR

Visa sponsorship is not available for this position.

Candidates for positions with Ford Motor Company must be legally authorized to work in the United States. Verification of employment eligibility will be required at the time of hire.

We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability status or protected veteran status. In the United States, if you need a reasonable accommodation for the online application process due to a disability, please call 1-888-336-0660.

This position is hybrid with a requirement to be onsite four or more days per week. #LI-Hybrid#LI-FordCredit   #LI-MN1