Overview

Who we are

Collaborative. Respectful. A place to dream and do. These are just a few words that describe what life is like at Toyota. As one of the world’s most admired brands, Toyota is growing and leading the future of mobility through innovative, high-quality solutions designed to enhance lives and delight those we serve. We’re looking for diverse, talented team members who want to Dream. Do. Grow. with us.

An important part of the Toyota family is Toyota Financial Services (TFS), the finance and insurance brand for Toyota and Lexus in North America. While TFS is a separate business entity, it is an essential part of this world-changing company- delivering on Toyota's vision to move people beyond what's possible. At TFS, you will help create best-in-class customer experience in an innovative, collaborative environment.

To save time applying, Toyota does not offer sponsorship of job applicants for employment-based visas or any other work authorization for this position at this time.

Who we’re looking for

The Toyota Financial Savings Bank (TFSB) Credit Review department ensures that TFSB maintains its overall safety and soundness as a federally insured depository bank by providing an independent assessment of the asset quality of TFSB’s loan portfolios and the governance around the booking and management of those assets.

The Credit Review Manager for Toyota Financial Savings Bank plays a critical role in ensuring the organization adheres to regulatory requirements and internal risk appetite levels across all lending products.

This role will build and lead the Bank’s credit review function to ensure the program meets regulatory standards and is aligned with institutions of similar size and complexity.

The Credit Review Manager will have strategic and tactical responsibilities and will manage 3+ team members specializing in credit risk management, portfolio management, and regulatory risk management.

The Credit Review Manager will provide independent assessments over TFSB’s development and expansion of the Bank’s credit review strategy to meet all federal and state laws and regulations. The Credit Review Manager builds and implements a comprehensive credit review program and will report results on a quarterly basis to the Risk Committee of the Board, and to the respective Bank and parent company management committees.

The Credit Review Manager will directly participate and engage in State and Federal regulatory examinations. These oversight agencies include the Federal Deposit Insurance Corporation and Nevada Financial Institutions exams but will expand to include the Consumer Financial Protection Bureau once the bank grows to $10B in assets. Additionally, at that level, the regulatory expectations and frequency of reviews increase from the regulatory agencies.

The Credit Review Manager will cultivate effective relationships with the business and service providers to ensure rapid escalation of concerns/issues and their corrective action across the business. Additionally, this role will engage in the execution of targeted control reviews and testing to ensure control effectiveness as implemented in the Bank.

What you’ll be doing

• Leads the Third Line of Defense Credit Risk Review function for TFSB to ensure that TFSB maintains its overall safety and soundness as a federally insured depository bank.

• Builds and oversees a team of credit risk professionals through ongoing development, retention, coaching, performance management, and managerial activities.

• Operates within established policies and guidelines, and in accordance with all applicable banking laws, regulations, and supervisory guidance.

• Establishes the vision, strategy, and execution for TFSB’s annual Credit Risk Review plan to oversee TFSB’s credit risk taking activities.

• Completes an annual risk assessment of TFSB’s loan portfolios (e.g., Mortgage, Automotive) as well as operations (e.g., underwriting, collections) to determine the annual Credit Risk Review plan and execute the plan within the fiscal year.

• Provide TFSB’s Senior Management and the Risk Committee of the Board with an independent and timely assessment of the following:

• Pertinent reporting on asset quality as well as the overall quality of TFSB’s loan portfolios (e.g., Mortgage, Automotive).

• Relevant trends that affect the collectability of the portfolios and highlight segments of the portfolio that are potential problem areas.

• TFSB’s management of credit risk, including loan underwriting and booking as well as collections.

• The adequacy TFSB’s internal credit risk polices, guidelines, procedures and standards.

• Evaluate activities of lending personnel, including the quality of their loan approvals, monitoring and risk assessments.

• Identify loans with actual and potential weaknesses so that risk mitigation actions can be taken to strengthen TFSB’s credit quality as well as minimize credit losses.

• The sufficiency of TFSB’s “watchlist” as well as workout strategies for impacted credits.

• Assess the adequacy and adherence to internal credit policies and loan administration procedures and to monitor compliance with relevant laws and regulations.

• Validate, and if necessary, adjust credit risk ratings, especially for those loans with potential or well-defined credit weaknesses that may jeopardize loan repayment.

• Provide timely credit quality information for financial reporting purposes, including the determination of an appropriate ALLL.

• Recruit, develop and support team members and their development as they stay current on the complex regulatory landscape.

• Determine the overall organizational structure to best achieve the strategic objectives.

• Uplift team with a tone at the top focused on continuous learning, accountability and performance management.

Qualifications/ What you bring

• Bachelor’s Degree OR related work experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.

• 10+ years of credit risk management, credit risk review and/or internal audit experience in a Bank or financial services company with a demonstrated record of success and/or growth.

• 7+ years of people leadership experience in building, managing and/or developing high-performing teams.

• A proven track record leading comparable operations and programs within a Bank or financial services institution.

• Demonstrated ability in dealing with federal and state regulatory agencies.

• Familiarity with FDCI and FFIEC Examination Handbooks

• Extensive knowledge and understanding of all federal and state laws and regulatory guidance applicable to Banking institutions (e.g., Reg W, Reg O, Reg Z, AML, etc.).

• Extensive knowledge, understanding and application of credit risk management and compliance framework and guidelines.

• Excellent interpersonal skills

Added bonus if you have

• Experience building and leading a credit loan review program within a Bank or financial services institution.

• Advanced Degree

What We’ll Bring

During your interview process, our team can fill you in on all the details of our industry-leading benefits and career development opportunities. A few highlights include:

• A work environment built on teamwork, flexibility and respect

• Professional growth and development programs to help advance your career, as well as tuition reimbursement

• Team Member Vehicle Purchase Discount

• Toyota Team Member Lease Vehicle Program (if applicable)

• Comprehensive health care and wellness plans for your entire family

• Flextime and virtual work options (if applicable)

• Toyota 401(k) Savings Plan featuring a company match, as well as an annual retirement contribution from Toyota regardless of whether you contribute

• Paid holidays and paid time off

• Referral services related to prenatal services, adoption, childcare, schools and more

• Flexible spending accounts

• Relocation assistance (if applicable)

Belonging at Toyota

Our success begins and ends with our people. We embrace diverse perspectives and value unique human experiences. Respect for all is our North Star. Toyota is proud to have 10+ different Business Partnering Groups across 100 different North American chapter locations that support team members’ efforts to dream, do and grow without questioning that they belong. As a company that has been one of DiversityInc’s Top 50 Companies for Diversity and a member of The Billion Dollar Roundtable supporting minority and woman-owned suppliers for over 10 years, we are proud to be an equal opportunity employer that celebrates the diversity of the communities where we live and do business.

Applicants for our positions are considered without regard to race, ethnicity, national origin, sex, sexual orientation, gender identity or expression, age, disability, religion, military or veteran status, or any other characteristics protected by law.

Have a question, need assistance with your application or do you require any special accommodations? Please send an email to talent.acquisition@toyota.com.