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Credit Risk Developer Jobs in New Jersey (NOW HIRING)

Diverse Lynx

JAVA DEVELOPER

Jersey City, NJ · On-site

$53.25 - $69/hr

Jersey City New Jersey This role is sourcing for 2 candidates This position is a developer role in the Capital Markets Credit Risk Technology team based in Jersey City, NJ. The resource will ...

Diverse Lynx LLC

JAVA DEVELOPER

Jersey City, NJ · On-site

$53.25 - $69/hr

Jersey City New Jersey This role is sourcing for 2 candidates This position is a developer role in the Capital Markets Credit Risk Technology team based in Jersey City, NJ. The resource will ...

TekLeaders, Inc

SAP FSRI Consultant

Jersey City, NJ · Remote

$65.75 - $89.75/hr

... engineering, automation, and optimization initiatives. Technical Responsibilities Work on enterprise applications such as:Core Banking / Insurance SystemsRisk Platforms (e.g., credit risk engines ...

Collabera

Business Analyst

Jersey City, NJ · On-site

... engineer technical processes for greater efficiencies. Provides direction and guidance to less ... Knowledge of market risk (VaR methodologies and related metrics), Credit Risk and Counterparty ...

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Credit Risk Developer information

What is the difference between Credit Risk Developer vs Credit Analyst?

AspectCredit Risk DeveloperCredit Analyst
Required CredentialsBachelor's in Finance, Economics, or related field; often some programming knowledgeBachelor's in Finance, Economics, or related field; strong analytical skills
Work EnvironmentDevelops risk models, works with data and software toolsAnalyzes credit data, assesses borrower risk, prepares reports
Employer & Industry UsageFinancial institutions, banks, credit agenciesBanks, lending institutions, credit bureaus

While both roles focus on credit, the Credit Risk Developer primarily builds and maintains risk models using programming and data analysis, whereas the Credit Analyst evaluates individual creditworthiness and prepares risk assessments. Both roles are essential in credit decision processes but differ in technical focus and daily tasks.

What are Credit Risk Developers?

Credit Risk Developers are specialized software developers who design, build, and maintain systems that assess and manage financial risk for lending institutions or investment firms. They create algorithms and tools that analyze credit data, model potential losses, and ensure compliance with regulatory requirements. Their work supports decision-making processes related to lending, underwriting, and portfolio management. Typically, they collaborate closely with risk analysts, data scientists, and financial professionals to develop solutions that improve risk assessment accuracy and efficiency.

How does a Credit Risk Developer typically collaborate with risk analysts and business stakeholders?

A Credit Risk Developer often works closely with risk analysts to understand credit risk models and translate their requirements into robust software solutions. Regular meetings with business stakeholders are common to gather feedback, ensure alignment with regulatory standards, and adapt to changing business needs. This role requires strong communication skills to bridge the gap between technical and non-technical teams, ensuring that risk assessment tools are both accurate and user-friendly.

What are the key skills and qualifications needed to thrive as a Credit Risk Developer, and why are they important?

To thrive as a Credit Risk Developer, you need strong programming skills (such as Python, Java, or C++), a solid background in mathematics or finance, and experience with credit risk modeling. Familiarity with risk management systems, statistical analysis tools, and relevant certifications (like FRM or CFA) is often required. Exceptional problem-solving abilities, collaboration, and clear communication set outstanding candidates apart. These skills ensure accurate development and maintenance of credit risk models, enabling effective risk mitigation and regulatory compliance in financial institutions.
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Credit Risk Developer jobs near you
Lead Database Designer and Developer

Lead Database Designer and Developer

Instant Serve LLC

Jersey City, NJ • On-site

$140K - $160K/yr

Other

Posted 28 days ago

Job description

Job Title: Lead Database Designer and Developer

Location: Jersey City, NJ

Type: Full time

Salary: USD $140,000 $160,000/yr.

Is relocation available?

Yes, regional

Job Responsibilities:

  • Database-centric application developer
  • Deep understanding of relational database internal.
  • Deep experience in data modeling and data warehousing in a highly competitive, time sensitive environment, working directly with the developers, data architect and engineers.
  • Experience with performance optimization, problem determination and performance tuning for Sybase
  • Experience working with other RDBMS like Oracle, DB2, Apache Kudu / Impala preferable.
  • Strong development skills in stored procedure and user-defined functions for ANSI-SQL, T-SQL, SQL/PL, Sybase skills preferable.
  • Other relevant skills are tools and utility development with python, shell.
  • Server-side development experience
  • Extensive database development experiences
  • Ideally previous experience in banking/finance sector but not essential
  • Experience / Understanding of Counterparty Credit Risk an advantage

Required Skills

  • Bachelor's degree required or equivalent experience
  • 10 - 15 years' experience
  • Database skills
  • Programming skills
  • Sybase
  • DB2
  • SQL
  • Stored procedures
  • Utility development for automation
  • Performance tuning
  • Columnar databases
  • Cloudera / Hadoop HDFS
  • Impala
  • Kudu preferable.

Desired Skills

Database Design, Database Development, Performance Tuning, PL/SQL, T-SQL, Application development, big data technologies, python, shell.

InstantServe logo

About InstantServe

Sourced by ZipRecruiter

InstantServe provides a one-stop solution to all Healthcare, IT/Non-IT Staffing needs. Established in 2016, InstantServe is a strong workforce of over 100+ go-getters with a demonstrated background in IT/Non-IT service. We are a nationally certified SBE from the Department of Administration (State of PA). As a proud Minority Woman Owned Small Business Enterprise (M/WBE), InstantServe boasts of a strong team of professionals who have extensive experience catering to several Federal, Public, Commercial, and Healthcare Clients which includes 26 States and 46 government agencies. InstantServe is a client-centric organization that offers cost-effective and reliable solutions. Client satisfaction is sacrosanct! Our team strives to provide the best staffing and IT solutions to take your business to the next level.

Industry

Recruiting and staffing services

Company size

11 - 50 Employees

Headquarters location

Wayne, PA, US

Year founded

2016

Social media

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