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Credit Risk Developer Jobs (NOW HIRING)

Alliant

Senior Credit Risk Analyst

Chicago, IL ยท On-site

$84K - $131K/yr

Preferred - Graduate Degree in Mathematics, Statistics, Quantitative Finance, Engineering, Computer Science or Related * Minimum - 3 Years Experience in credit risk analytics within financial ...

Bbva

Credit Risk Review Vice President

New York, NY

$150K - $170K/yr

... developers, engineers and designers. About the job: Summary This position requires an individual ... Assess the sufficiency of credit risk monitoring programs, relevant performance covenants and ...

Citigroup Inc

Credit Risk Senior Officer I

Irving, TX ยท Hybrid

$173K/yr

Citibank, N.A. seeks a Credit Risk Senior Officer I for its Irving, Texas location. Duties ... As Model Sponsor, engage with Model Developer team to develop or update internal Risk Rating Models.

Alliant

Principal Credit Risk Analyst

Chicago, IL ยท On-site

$119K - $204K/yr

Minimum - Graduate Degree in Mathematics, Statistics, Quantitative Finance, Financial Engineering, Computer Science or related * Minimum - 6 Years of Analytics, Credit Risk or related In Lieu of ...

Bing Recruitment

Credit Risk Manager

Orlando, FL

$83K - $143K/yr

Credit Risk Manager Multiple Locations: AL; CA; IL; FL; NJ; NY; NC; PA; TX; VA Pay Range $83,100.00 ... engineering reports, etc. to verify compliance. Escalates issues to appropriate levels and develops ...

Reach Financial

Credit Risk Analyst

New York, NY

Credit Risk Analyst/Associate Location: NYC (3-4 days in office; EST hours) Compensation: $90,000 ... Engage in model building and feature engineering exercises. * Collaborate and work with cross ...

New

BBVA

Credit Risk Review Vice President

Manhattan, NY ยท On-site

$150K - $170K/yr

... developers, engineers and designers. About the job: Summary This position requires an individual ... Assess the sufficiency of credit risk monitoring programs, relevant performance covenants and ...

BBVA

Credit Risk Review Vice President

New York, NY ยท On-site

$150K - $170K/yr

... developers, engineers and designers. About the job: Summary This position requires an individual ... Assess the sufficiency of credit risk monitoring programs, relevant performance covenants and ...

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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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Senior Credit Risk Analyst

Senior Credit Risk Analyst

Alliant

Chicago, IL โ€ข On-site

$84K - $131K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 2 hours ago

Job description

In this hybrid role based at our Chicago Headquarters, you will develop and review credit policies and strategies as well as data and analytical frameworks for loan origination and loss forecasting. Review relevant data to identify the quantitative and qualitative factors driving the credit risk for consumer & mortgage loans. Perform evaluation, implementation and monitoring of third-party and in-house scoring solutions. Perform model and strategy testing and assist with audit/regulatory requests. Work cross-functionally with other teams such as Advanced Analytics, Lending, Loan Servicing, Marketing, Finance, and Data Service teams, preparing underwriting and account management presentations to management for review and implementation.
Essential Responsibilities
  • Analyze origination risk factors and recommend/implement improvements in areas such as underwriting criteria, lending policies and standards, and loan product pricing to increase loan volumes within the risk appetite.
  • Review and monitor credit risk for credit cards, and recommend/implement line management, pricing and authorization strategies.
  • Prepare data for third-party quarterly mortgage & consumer loan portfolio performance analysis.
  • Provide support and rule recommendations for loan origination system implementation and maintenance.
  • Provide data and analytics support to assess risk with respect to future new and enhanced lending products as well as potential loan trading transactions.
  • Assess analytics including but not limited to economic capital analysis, credit loss modeling and mitigation, CECL implementation.
  • Query the data warehouse and other databases with tools such as SAP Business Objects / Microsoft SQL Server Management Studio to extract, summarize, and save relevant data.
  • Drive improvements by utilizing statistical techniques in test set-up to more accurately assess effectiveness of proposed risk strategies.
  • Work with other teams such as Advanced Analytics to design and build predictive models in tools such as Python/R/SAS.
  • Evaluate, implement, and monitor third-party scoring solutions.
  • Prepare supporting information and present findings to management.
  • Generate periodic reports for audit and regulatory compliance and assist with ad hoc requests.
  • Help formulate and revise credit policies and procedures to address new regulations.

Education & Years of Experience
  • Minimum- 4 Year Bachelors Degree in Mathematics, Statistics, Quantitative Finance, Engineering, Computer Science or Related
  • Preferred - Graduate Degree in Mathematics, Statistics, Quantitative Finance, Engineering, Computer Science or Related
  • Minimum - 3 Years Experience in credit risk analytics within financial services

In Lieu of Education
  • 5 Years Experience in credit risk analytics within financial services

Compensation & Benefits:
Typical hiring range: $84,200.00 to $131,000.00 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.
Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match including:
  • Annual performance bonus
  • Work from home up to 3 days a week
  • Paid parental leave
  • Employee discount programs
  • Time off including paid personal and sick days
  • 11 paid holidays
  • Education reimbursement

*Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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