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Credit Risk Developer Jobs in New York (NOW HIRING)

Reach Financial

Credit Risk Analyst

New York, NY · On-site

Perform data analysis across various marketing channels to optimize credit risk, origination volume ... Engage in model building and feature engineering exercises. * Collaborate and work with cross ...

Biz2Credit

Director of Credit Risk

Manhattan, NY · On-site

$160K - $190K/yr

Collaborate with technology, data engineering, and product teams to continuously optimize workflows. Risk Strategy Development * Design, execute, and monitor risk strategies across credit ...

Biz2Credit Inc

Director of Credit Risk

Manhattan, NY · On-site

$160K - $190K/yr

Collaborate with technology, data engineering, and product teams to continuously optimize workflows. Risk Strategy Development * Design, execute, and monitor risk strategies across credit ...

Biz2Credit Inc

Director of Credit Risk

Manhattan, NY

$160K - $190K/yr

Collaborate with technology, data engineering, and product teams to continuously optimize workflows. Risk Strategy Development * Design, execute, and monitor risk strategies across credit ...

Biz2Credit Inc

Director of Credit Risk

Manhattan, NY · On-site

$160K - $190K/yr

Collaborate with technology, data engineering, and product teams to continuously optimize workflows. Risk Strategy Development * Design, execute, and monitor risk strategies across credit ...

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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

Credit Risk Analyst

Reach Financial

New York, NY • On-site

Full-time

Medical, Life, Retirement, PTO

Posted yesterday

Job description

Job Title: Credit RiskAnalyst/Associate
Location: NYC (3-4 days in office; EST hours)
Compensation: $90,000 - $110,000 (depending on experience level) + bonus
What is Reach Financial?
Reach Financial is a FinTech platform helping people outsmart debt for good.
We are building innovative products and best-in-class support that enable our customers to take control of their debt and de-mystify their personal finances. Our products and tools empower our customers to turn their financial goals into a reality.
Reach Financial launched in 2015 and has helped our customers pay off over $1 billion in debt. We offer debt consolidation loans and personal loans; together, these markets represent a $1.5T opportunity. In time, we will expand beyond these products to offer solutions for a variety of our customers' personal finance challenges.
We are a fast-growing and fast-paced FinTech startup with the stability of an established firm. You will have a front-row seat at a rapidly growing company innovating the FinTech industry.
About the Department:
Reach Financial's Risk and Decision Science team consists of a group of Data Scientists and Analytics Professionals covering all the lending products. We are passionate about data and cutting-edge technology. Our goal is to leverage the data to drive the business growth agenda. The Risk and Decision Science team works cross functionally with other business units to ideate, hypothesize, analyze and test, formalize, implement, maintain, and track progresses for all initiatives.
What You'll Do:
  • Perform data analysis across various marketing channels to optimize credit risk, origination volume and funnel conversion.
  • Utilize statistical and segmentation tools to develop data driven business strategies for personal loan products, that balances volume and risk-return targets.
  • Retrieve data and conduct data driven analytics from internal database and external vendor data, utilizing various analytical tools, software and techniques.
  • Forecast delinquency and loss curves for consumer lending products.
  • Develop processes and tools to track, analyze and report monthly portfolio performance of various acquisition channels & drive credit insights.
  • Present the analyses, findings and recommendations to stakeholders across the organization.
  • Execute on a wide range of analyses- descriptive measurement and reporting, dashboarding, ad hoc inquisitive problem solving and predictive forecasting.
  • Help design experiments & A/B test different credit & marketing strategies, create data-backed recommendations to balance credit risk & volume to help make strategic business decision.
  • Engage in model building and feature engineering exercises.
  • Collaborate and work with cross functional team including data science, marketing, product and operations.

What You Should Have:
  • Bachelor's Degree in Mathematics, Statistics, Econometrics, Operation Research, Computer Science, or other quantitative fields.
  • Proficient using Python to manipulate data and draw insights from large data set
  • Proficiency in SQL, Snowflake, Tableau is a plus
  • Skilled in Excel and PowerPoint
  • Good communication and presentation skills
  • Experience in data analytics or lending products is a plus
  • Experience in model training, deployment, and monitoring is a plus

What is it like working at Reach Financial?
Our culture is built around advancing our teams, and we are dedicated to the success and growth of every team member. We believe in retaining a high-performing workforce and we prioritize diversity, intellectual curiosity, and continued learning. Our generous benefits packages reflect that.
We've been hard at work perfecting our product for years, and now we're growing faster than ever before. Our strong foundation and company culture is readily equipped for this growth, and we believe that with the right people, our products will continue to help customers make real changes in their financial lives.
What benefits will you receive?
  • Healthcare, Life Insurance, 401k Match
  • Paid Time Off, Paid 12-week Parental Leave
  • Disability (short-term, long-term), Employee Assistance Program
  • Spending Accounts (Transit/Parking, Medical, Dependent Care)
  • Insurance Discounts (home, auto, pet)

Reach Financial is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws. This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and apprenticeship. Reach Financial makes hiring decisions based solely on qualifications, merit, and business needs at the time.

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