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Credit Risk Developer Jobs in Schaumburg, IL (NOW HIRING)

Financial Risk Lead

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

You will partner closely with Treasury, Trading, Operations, Finance, Engineering, and Compliance ... Own Counterparty, Credit, and Market Risk * Build the counterparty risk framework covering ...

Portfolio Risk Associate, Risk & Analytics

Chicago, IL · On-site

$77K - $115K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

Analyze portfolio trends, customer behavior, and credit performance across originations and ... Collaborate cross-functionally with Risk, Finance, Data Engineering, Product, and other internal ...

Portfolio Risk Associate, Risk & Analytics

Chicago, IL · On-site

$77K - $115K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

Analyze portfolio trends, customer behavior, and credit performance across originations and ... Collaborate cross-functionally with Risk, Finance, Data Engineering, Product, and other internal ...

Lead Data Analyst, MyPay

Chicago, IL · On-site

  • Medical

  • Life

  • PTO

You will sit at the intersection of credit risk strategy and data science. You will own the ... Strong programming skills in Python (Pandas, NumPy, Scikit-learn) for data analysis and predictive ...

Lead Model Validation

Chicago, IL · Hybrid

$95K - $163K/yr

Validate a broad range of models used across credit risk, treasury management (ALM), finance ... Finance, Engineering, Computer Science or related * Preferred - Graduate Degree in Mathematics ...

Showing results 21-40

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 is a credit risk developer?

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?

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.

What are popular job titles related to Credit Risk Developer jobs in Schaumburg, IL?

For Credit Risk Developer jobs in Schaumburg, IL, the most frequently searched job titles are:

What job categories do people searching Credit Risk Developer jobs in Schaumburg, IL look for?

The top searched job categories for Credit Risk Developer jobs in Schaumburg, IL are:

What cities near Schaumburg, IL are hiring for Credit Risk Developer jobs?

Cities near Schaumburg, IL with the most Credit Risk Developer job openings:

Risk & Regulatory- Financial Services - Statistical and Credit Risk Modeling - Experienced Asso...

Pwc

Chicago, IL

$63K - $140K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 4 days ago


PwC rating

8.3

Company rating: 8.3 out of 10

Based on 76 frontline employees who took The Breakroom Quiz

26th of 72 rated business consultants


Job description

Industry/Sector

Not Applicable

Specialism

Data, Analytics & AI

Management Level

Associate

Job Description & Summary

The Opportunity
As a Risk & Regulatory- Financial Services - Statistical and Credit Risk Modeling - Experienced Associate, you will leverage advanced analytical techniques to extract insights from large datasets and drive data-driven decision-making. Within our Technology Consulting practice, you will focus on utilizing data manipulation, visualization, and statistical modeling to support clients in solving complex business problems. As an Associate, you will be driven by curiosity, adapting to a fast-paced environment while contributing to client engagements and projects. You will build meaningful client connections, manage diverse perspectives, and grow your personal brand by deepening your technical skills and understanding your strengths.
In this role at PwC, you will apply a learning mindset and take ownership of your development, actively listening and expressing ideas clearly. You will gather information from various sources to analyze facts and discern patterns, committing to understanding how the business works and building commercial awareness. You will learn and apply professional and technical standards, upholding the Firm's code of conduct and independence requirements. This position offers the chance to develop your potential and sustain performance, all while delivering quality work that drives value for clients and success for the team.
Responsibilities
- Analyzing large datasets to extract insights and support data-driven decision-making
- Utilizing statistical modeling techniques to address complex business challenges
- Developing and maintaining data pipelines to streamline data integration and processing
- Creating dashboards and visualizations using tools like Power BI and Tableau to communicate findings effectively
- Conducting exploratory data analysis to identify trends and patterns in financial data
- Implementing data quality improvement plans to enhance data integrity and reliability
- Collaborating with team members to gather and analyze information from diverse sources
- Applying machine learning algorithms to develop predictive models for risk analysis
- Leveraging Python and SQL for data manipulation and analysis tasks
- Supporting client engagements by providing data-driven insights and recommendations
What You Must Have
- At least a Bachelor's degree
- At least 1 years of experience
What Sets You Apart
- Preference for at least one of the following fields of study: Accounting, Engineering, Data Processing/Analytics/Science, Computer and Information Science, Economics, Finance
- At least one of the following: a Certification in databases (Databricks, MS SQL), visualization tools (Power BI), cloud platforms (AWS, Azure, GCP), or predictive modeling/ML (Python, SAS)
- Demonstrating proficiency in statistical and credit risk modeling
- Utilizing data analysis tools like Alteryx and Tableau
- Engaging in complex data analysis and predictive analytics
- Developing skills in machine learning and data science
- Applying a learning mindset to adapt in fast-paced environments

Travel Requirements

Up to 60%

Job Posting End Date

The salary range for this position is: $63,000 - $140,000. Actual compensation within the range will be dependent upon the individual's skills, experience, qualifications and location, and applicable employment laws. All hired individuals are eligible for an annual discretionary bonus. PwC offers a wide range of benefits, including medical, dental, vision, 401k, holiday pay, vacation, personal and family sick leave, and more. To view our benefits at a glance, please visit the following link: https://pwc.to/benefits-at-a-glanceAs PwC is anequal opportunity employer, all qualified applicants will receive consideration for employment at PwC without regard to race; color; religion; national origin; sex (including pregnancy, sexual orientation, and gender identity); age; disability; genetic information (including family medical history); veteran, marital, or citizenship status; or, any other status protected by law.PwC does not intend to hire experienced or entry level job seekers who will need, now or in the future, PwC sponsorship through the H-1B lottery, except as set forth within the following policy: https://pwc.to/H-1B-Lottery-Policy.Learn more about how we work: https://pwc.to/how-we-workFor only those qualified applicants that are impacted by the Los Angeles County Fair Chance Ordinance for Employers, the Los Angeles' Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, San Diego County Fair Chance Ordinance, and the California Fair Chance Act, where applicable, arrest or conviction records will be considered for Employment in accordance with these laws. At PwC, we recognize that conviction records may have a direct, adverse, and negative relationship to responsibilities such as accessing sensitive company or customer information, handling proprietary assets, or collaborating closely with team members. We evaluate these factors thoughtfully to establish a secure and trusted workplace for all.

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