Kevin McClafferty knows a bit about risk management, one of the hot jobs in financial services right now. As head of credit risk management for Key Bank USA, Mr. McClafferty said, "The people who work in our group get calls daily" from headhunters.

That was a few weeks ago. Since then, one of those calls has lured the 33-year-old Mr. McClafferty away to FirstPlus Financial Group in Dallas, where he recently signed on as senior vice president for credit policy administration, with some credit risk management functions reporting to him.

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