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

BBVA

Counterparty Credit Risk FIG Insurance SVP

New York, NY · On-site

$160K - $220K/yr

... engineers and designers. About the job: Looking for a Mid-Level to Senior Counterparty Credit Risk ... Analyst for the Financial Institutions Group in NY with a specialization in Insurance Companies ...

Pillar

Head of Risk

New York, NY · On-site

Credit Risk and Counterparty Management: Design and own Pillar's credit risk framework, including ... Work with engineering to build real-time risk dashboards, automated hedging and rebalancing systems ...

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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 Management Department - Risk Analytics Model Intern

Bank of China Limited, New York Branch

Manhattan, NY • On-site

$18/hr

Full-time, Internship

Posted 11 days ago

Job description

Introduction
Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.
Overview
The intern will assist senior members in the model team to conduct all business as usual activities. She/he will help collect business/development data, run credit risk ratings/CECL/Stress Test, aggregate model output, conduct data analysis, and also help document models for model risk management purpose (internal model review and audit). She/he will participate in model lifecycle and provide assistance for any finding/regulatory issue (e.g. MRA) remediation.
Responsibilities
Credit Risk Rating
  • Coordinate the requests from FLUs and CRM CA teams, be familiar with the model setup and requirements, and generate the rating reports as required.

Stress Test
  • Run the quarterly stress tests, aggregate the results, perform in-depth analysis, and prepare the reports.

Model Risk Governance
  • Update the model docs for ERM reviews, assist the finding remediation, track the finding/issue status.

Admin duties
  • Help the team lead on various team admin work such as invoice processing, meeting organization and minutes, meeting deck preparation, etc.

Qualifications
  • Bachelor's degree in Math, Statistics, Physics, Computer Science, Financial Engineering, etc. is required
  • Be familiar with the programming languages such as VBA and Python.

Pay Range
Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.
USD $18.00 - USD $18.00 /Hr.

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