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Contract Credit Risk Modeling Jobs in Chicago, IL

Adyen

Credit Risk Officer

Chicago, IL · On-site

Analyze the impact of business model, industry and macro-economic developments on the credit portfolios and the credit risk offering of Adyen; * Develop and implement credit risk strategies to ...

Adyen

Credit Risk Officer

Chicago, IL

Analyze the impact of business model, industry and macro-economic developments on the credit portfolios and the credit risk offering of Adyen; * Develop and implement credit risk strategies to ...

FHLBank Chicago

Manager, Markets Credit

Chicago, IL · Hybrid

Strengthen the Bank's Credit Risk Management by leading the modeling and monitoring of risks across the MPF and Investment portfolios. * Enable strategic product and investment decisions by ...

Bmo

Credit Risk Reviewer

Chicago, IL · Hybrid

$74K - $138K/yr

Credit Risk Review Manager Conducts independent examinations of credits and portfolios to ensure ... Hybrid work model 3 days in the Chicago or Milwaukee office required (subject to change) *Job ...

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Manager, Credit Risk & Portfolio Analytics

Artius Solutions

Chicago, IL

Full-time

Posted 20 days ago

Job description

Manager, Credit Risk & Portfolio Analytics
Location: Chicago, IL (Hybrid)
Employment Type: Full-Time
Overview
Our client, a large and well-established financial services organization based in Chicago, is seeking a Manager, Markets Credit to lead credit risk oversight across mortgage-related assets and fixed income investment portfolios.
This role will manage a team responsible for developing and maintaining credit risk models, performing scenario analysis and stress testing, and monitoring portfolio risk trends. The position will also collaborate closely with cross-functional teams to support investment strategies, product development initiatives, and regulatory compliance efforts.
The ideal candidate is a strong analytical leader with experience in credit risk modeling, mortgage or structured finance exposure, and a track record of leading high-performing analytical teams.
Key Responsibilities
Credit Risk Oversight
  • Oversee the monitoring and analysis of credit risk exposures within mortgage-related and investment portfolios.
  • Identify emerging risk trends and provide insights into portfolio performance and risk concentrations.
  • Ensure risk management frameworks support sound portfolio management and investment decision-making.
Credit Modeling & Analytics
  • Lead the development and maintenance of credit risk models including prepayment, default, and loss forecasting models.
  • Manage model assumptions, calibration, validation support, and performance monitoring.
  • Conduct model back-testing and benchmarking to evaluate model effectiveness and recommend improvements.
  • Design analytical tools and risk frameworks to evaluate credit enhancement adequacy and portfolio resilience.
Stress Testing & Scenario Analysis
  • Lead scenario analysis and macroeconomic stress testing across mortgage and investment portfolios.
  • Evaluate portfolio sensitivity to changing market conditions and economic variables.
  • Present findings and recommendations to senior stakeholders.
Regulatory & Governance Collaboration
  • Partner with model validation teams, internal audit, and regulatory stakeholders to ensure models and processes meet governance requirements.
  • Support regulatory reporting and model documentation standards.
Data & Process Innovation
  • Identify opportunities to enhance risk monitoring through advanced analytics, automation, and improved data infrastructure.
  • Lead initiatives that improve analytical efficiency and portfolio risk transparency.
Team Leadership & Stakeholder Collaboration
  • Lead and develop a team of credit risk analysts and quantitative professionals.
  • Provide mentorship, performance management, and guidance on analytical methodologies.
  • Build strong partnerships with internal teams including finance, treasury, operations, legal, and risk management.
Qualifications
Education
  • Bachelor's degree in Mathematics, Finance, Economics, Statistics, Computer Science, or a related quantitative discipline
  • Master's degree preferred
Certifications (Preferred)
  • CFA or FRM designation or candidacy
Experience
  • 5+ years of experience in credit risk modeling, quantitative analytics, or financial risk management
  • 2+ years of people management experience
  • Experience working with mortgage assets, fixed income securities, or structured finance portfolios
Technical Skills
  • Strong experience developing predictive statistical models and analytical frameworks
  • Proficiency with SQL, Python, or R
  • Experience with business intelligence and analytics tools such as Tableau or Alteryx
  • Strong data analysis and modeling capabilities
Risk & Regulatory Knowledge
  • Familiarity with credit risk management frameworks and model governance
  • Experience supporting model validation, regulatory reviews, or audit processes
  • Understanding of mortgage lending, underwriting, or servicing processes is a plus
Leadership & Communication
  • Ability to lead and develop analytical teams
  • Strong stakeholder communication and presentation skills
  • Ability to translate complex analytical findings into actionable insights for business leaders
  • Strong problem-solving and critical thinking skills

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