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Credit Risk Modeling Jobs (NOW HIRING)

Gauntlet

Credit Risk Analyst

New York, NY

This is not a seat where you inherit a model and press run. You will define the underwriting ... The role The Credit Risk team runs due diligence on the assets, protocols, and chains supported by ...

Ryan Specialty

Quantitative Risk Modeling Lead

Position Summary As a Quantitative Risk Modeling Led in the Ryan Credit Solutions department at Ryan Specialty, you will leverage your actuarial and quantitative expertise to shape the underwriting ...

Regional Finance

Manager Credit Risk

Plano, TX · On-site

Mines, models, analyzes large datasets, and utilizes predictive modeling techniques with an emphasis on optimizing credit risk and marketing campaign performance using the following predictive ...

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$187.5K

How much do credit risk modeling jobs pay per year?

As of Jul 12, 2026, the average yearly pay for credit risk modeling in the United States is $145,100.00, according to ZipRecruiter salary data. Most workers in this role earn between $132,500.00 and $148,500.00 per year, depending on experience, location, and employer.

What is a Credit Risk Modeling job?

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 key skills and qualifications needed to thrive in the Credit Risk Modeling position, and why are they important?

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 typical daily responsibilities for someone working 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.

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What cities are hiring for Credit Risk Modeling jobs? Cities with the most Credit Risk Modeling job openings:
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Credit Risk Modeling jobs near you
Infographic showing various Credit Risk Modeling job openings in the United States as of July 2026, with employment types broken down into 84% Full Time, and 16% Part Time. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution, with an average salary of $145,100 per year, or $69.8 per hour.
VP, Counterparty Credit Risk Quantitative Analyst

VP, Counterparty Credit Risk Quantitative Analyst

Jefferies

Manhattan, NY • On-site

$185K - $200K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 5 days ago

Job description

We are seeking a highly skilled quantitative professional to join the Risk Analytics group to develop and manage analytics for counterparty credit risk models focused on fixed income products, including repos, security lend/borrow, mortgages, and interest rate derivatives. The candidate will contribute to model development across the full model lifecycle, from methodology and design to implementation, validation, and ongoing performance monitoring. The successful candidate will also provide quantitative risk analysis to support day-to-day counterparty credit risk management. 

Responsibilities

  • Develop and implement analytics to support counterparty credit risk management.
  • Design and Build infrastructure to consolidate counterparty credit risk models across systems.
  • Conduct quantitative research to implement model changes, enhancements, and remediations.
  • Design and develop analytical tools and dashboards to enhance risk transparency and decision-making.
  • Build and maintain model performance monitoring, benchmarking, and backtesting frameworks.
  • Assess methodologies and processes to identify potential weaknesses and evaluate risk materiality.
  • Partner with stakeholders across business, risk, technology, and other functional teams to ensure effective model development, governance, and usage 

Qualifications

  • Master's Degree in a quantitative discipline; PhD preferred.
  • A minimum of 3-5 years of experience in counterparty credit risk modeling.
  • Deep understanding of pricing and risk calculations for financial products.
  • Strong analytical skills, with the ability to interpret complex quantitative models and translate business requirements into robust library design, code development, and integration into IT systems.
  • Proficiency in Python and other programming languages, with strong data-handling skills in SQL.
  • Strong project management, organizational, and stakeholder communication skills.
  • Excellent written communication skills, with the ability to produce clear, precise, and compliant model documentation.
  • Familiarity with Numerix and/or Bloomberg platforms is preferred.
  • CQF Certification is highly desired. 

Primary Location Full Time Salary Range of $185,000 - $200,000. 

Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments.

At Jefferies, we are committed to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply. Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodation to individuals with disabilities, as required by applicable law.

The salary offered will take into consideration an individual's experience level and qualifications. In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part-time employees, who are scheduled to work at least 30 hours or more per week, including an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full-time employees, paid parental leave.


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