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Credit Risk Modeling Jobs in New Jersey (NOW HIRING)

2755 Barclays Services Corpor

NJ · On-site

$195K/yr

Extraction of risk data from internal systems, risk models and external market data feeds ... Conduct credit exposure validations and perform data clean‑up and analysis. * Resolve data ...

New

Barclays

AVP, Credit Risk Reporting

Whippany, NJ · On-site

Extraction of risk data from various sources, including internal systems, risk models, and external ... Barclays Services Corp. seeks AVP, Credit Risk Reporting (multiple positions) in Whippany, NJ:

Barclays

NJ · Hybrid

$195K/yr

Engage stakeholders across multiple business areas, including Front Office, Credit Risk IT, Credit Officers, Credit Risk Methodology (CRM), Derivatives Counterparty Exposure Measurement (DCEM), Model ...

Barclays

NJ · On-site

$195K/yr

Engage stakeholders across multiple business areas, including Front Office, Credit Risk IT, Credit Officers, Credit Risk Methodology (CRM), Derivatives Counterparty Exposure Measurement (DCEM), Model ...

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All JobsCredit Risk Modeling JobsCredit Risk Modeling Jobs in New Jersey

Credit Risk Modeling information

See New Jersey salary details

$27.8K

$106.1K

$199.8K

How much do credit risk modeling jobs pay per year?

As of Sep 13, 2026, the average yearly pay for credit risk modeling in New Jersey is $106,056.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,332.00 and $127,030.00 per year, depending on experience, location, and employer.

What is credit risk modeling?

A Credit Risk Modeling job involves developing statistical models and analytical techniques to assess the credit risk of individuals or businesses. Professionals in this role analyze financial data, borrower behavior, and economic trends to predict the likelihood of default and assist in making informed lending decisions. They use techniques such as logistic regression, machine learning, and Monte Carlo simulations to quantify risk. Credit risk modelers work closely with risk management teams, regulators, and financial institutions to ensure compliance with industry standards. Their insights help optimize loan approvals, set credit limits, and manage overall portfolio risk.

What are the typical daily responsibilities in credit risk modeling?

Professionals in Credit Risk Modeling spend their days developing and validating statistical models to assess the likelihood of credit defaults, analyzing large data sets to identify risk factors, and compiling detailed reports on their findings. They collaborate closely with data scientists, underwriters, credit analysts, and sometimes regulatory teams to ensure models meet business and compliance standards. Additionally, they often participate in meetings to discuss portfolio performance or proposed policy changes. This role involves a balance of technical analysis, documentation, and cross-functional communication, making it dynamic and integral to financial decision-making.

What are the key skills and qualifications needed to thrive in credit risk modeling?

To thrive in Credit Risk Modeling, you need strong analytical skills, proficiency in statistics and finance, and typically a degree in mathematics, statistics, economics, or a related field. Familiarity with programming languages like Python, R, or SAS, as well as experience using statistical modeling software and risk management platforms, are highly valued. Excellent communication, critical thinking, and collaborative abilities help translate complex data insights for stakeholders and work effectively within cross-functional teams. These skills are crucial for designing accurate risk models that inform sound lending decisions and maintain financial stability for organizations.

What are popular job titles related to Credit Risk Modeling jobs in New Jersey?

For Credit Risk Modeling jobs in New Jersey, the most frequently searched job titles are:

What job categories do people searching Credit Risk Modeling jobs in New Jersey look for?

The top searched job categories for Credit Risk Modeling jobs in New Jersey are:

Credit Risk Modeling jobs near you
Infographic showing various Credit Risk Modeling job openings in New Jersey as of August 2026, with employment types broken down into 85% Full Time, and 15% Part Time. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution, with an average salary of $106,056 per year, or $51 per hour.

Credit Risk Modeling & Analytics Manager

Jersey City, NJ

Ra
See more jobs at Raexternal

$100K/yr

Full-time

Re-posted 28 days ago

Job description

Company Description

Why we need you?


Our client is one of the unique IT Services Company serving across the globe. They are a leading operations management and analytics company that help businesses enhance growth and profitability.

We are looking for a dynamic modeling professional to join their team in Jersey City.  

Job Description

Here's what you'll be doing.

  • You'll develop Models for client as per the agreed upon schedule
  • You'll document modeling requirements based on discussions and information provided by client modeling lead/business users
  • You'll develop models based on the model requirements definition , per the agreed upon schedule with client
  • You'll develop new and enhance existing risk scorecards (application, behavior, collections/recovery etc.) or Marketing Analytics modeling (customers targeting)
  • You'll create and maintain detailed model documentation


You need these qualifications.

  • You hold a Master's degree in Statistics, Economics, Engineering, Finance, Mathematics, or a related quantitative field from tier 1 colleges
  • You have a sound Knowledge of SAS, SQL and other analytical tools (R, SPSS).
  • You've experience working in Banking, Credit Cards, Marketing Analytics, Credit Risk Modeling.
  • You've experience working with Machine Learning techniques (Support Vector Machines, Genetic Algorithms, Random Forests, K-Nearest Neighbor algorithm, Principal Component analysis etc.)
  • You've more than 3 years of experience in building models (data cleaning, dependent variable selection, independent variable study and understanding, variable reduction, bivariate analysis, variables grouping, logistic/linear model build, model validation, KS/Lift study/PSI etc.)
  • You've exposure in Online / Digital analytics & Text Mining.


Here's what we can offer.

Competitive base salary of $100K+ Bonus and Benefits+ Relocation Assistance


Work Authorization: 

US Citizens/ Green Card/ Permanent Residents/ EAD.

Additional Information

All your information will be kept confidential according to EEO guidelines. Ping me at shruthi.n at roljobs dot com to know more.

Apply