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Credit Risk Developer Jobs in Edison, NJ (NOW HIRING)

Director of Credit & Risk

New York, NY ยท On-site

$190K - $220K/yr

Role Overview We are seeking a Director of Credit & Risk to own underwriting strategy, portfolio ... Partner with Product, Engineering, and Data teams to improve underwriting workflows and automation.

Director of Credit & Risk

Manhattan, NY ยท On-site

$190K - $220K/yr

Role Overview We are seeking a Director of Credit & Risk to own underwriting strategy, portfolio ... Partner with Product, Engineering, and Data teams to improve underwriting workflows and automation.

... Credit Risk (CCR) Portfolio Analysis team. The VP will drive the team's Stress Testing and CCAR ... Education: Bachelor's degree in Finance, Economics, Mathematics, Engineering, or a related ...

... credit, and equities * Customize vendor market risk models * Research and build new models to ... Work with developers to productionize risk models and risk management tools * Enhance and maintain ...

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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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What job categories do people searching Credit Risk Developer jobs in Edison, NJ look for? The top searched job categories for Credit Risk Developer jobs in Edison, NJ are:

Data Engineer with Credit Risk

Interon IT Solutions

New York, NY โ€ข On-site

$125K - $150K/yr

Contractor

Posted 8 days ago


Job description

Job Title-Senior Data Engineer with Credit Risk

Location-ย New York, NY (Need Onsite day 1,ย hybrid 3 days from office).

Our client is seeking a Senior Data Engineer with Credit Risk to join our team in New York, NY (Need Onsite day 1,ย hybrid 3 days from office).

Job Description:

We are seeking a highly skilled and experienced Senior Data Engineer to join our dynamic Team.

Responsibilities:

  • Understand technical specifications.
  • Business requirements discussion with business analyst and business users.
  • Python/SQL Server/Snowflake/Databricks application development and system design.
  • Develop and maintain data models and schemas to support data integration and analysis.
  • Implement data quality and validation checks to ensure accuracy and consistency of data.
  • Execution of UT and SIT with business analysts to ensure of high-quality testing.
  • Support for UAT with business users.
  • Production support and maintenance of application platform.

Requirements:

  • Around 12+ years IT industry experience.
  • Strong communication skills.
  • Agile methodology and SDLC processes.
  • Design and Architecture experience.
  • Experience working in global delivery model (onshore/offshore/nearshore).
  • Strong problem-solving and analytical skills.
  • Self-starter, collaborative team player and works with minimal guidance.
  • Mandatory (Strong): Python, SQL server and relational database concepts, Azure Databricks, Snowflake, Scheduler (Autosys/Control-M), ETL, CI/CD.
  • Plus: PySpark, Financial systems/capital markets/credit risk/regulatory application development experience.