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Freelance Credit Risk Modeling Jobs in New York (NOW HIRING)

BNY Mellon

Director, Credit Risk Review

Manhattan, NY · On-site

We're seeking a future team member for the role of Director, Credit Risk Review to join our Model Risk team. This role is located in New York City, New York. In this role, you'll make an impact in ...

Clear Street

Director - Credit Risk

Manhattan, NY · On-site

$180K - $250K/yr

We've agonized about our data model abstractions, created horizontal scalability, and crafted ... As Director of Credit Risk at Clear Street, you will be a senior leader within the Risk Management ...

Clear Street

Director - Credit Risk

New York, NY · Hybrid

$180K - $250K/yr

We've agonized about our data model abstractions, created horizontal scalability, and crafted ... As Director of Credit Risk at Clear Street, you will be a senior leader within the Risk Management ...

Clear Street

Director - Credit Risk

New York, NY · On-site

$180K - $250K/yr

We've agonized about our data model abstractions, created horizontal scalability, and crafted ... As Director of Credit Risk at Clear Street, you will be a senior leader within the Risk Management ...

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Freelance Credit Risk Modeling information

What are the key skills and qualifications needed to thrive as a freelance credit risk modeler, and why are they important?

To thrive as a Freelance Credit Risk Modeler, you need a strong background in statistics, quantitative finance, and data analysis, typically supported by a degree in finance, mathematics, or a related field. Proficiency in programming languages such as Python, R, or SAS, along with experience using risk modeling software and knowledge of regulatory frameworks like Basel III, is crucial. Excellent communication, project management, and client relationship skills help distinguish top freelancers in this role. These abilities are essential for delivering accurate risk assessments, meeting client expectations, and maintaining compliance in a dynamic financial environment.

What is freelance credit risk modeling?

Freelance credit risk modeling involves independent professionals analyzing and predicting the likelihood that borrowers or counterparties will default on financial obligations. These freelancers use statistical methods, machine learning models, and data analysis to assess credit risk for banks, lenders, or other firms. Their work helps organizations make informed lending decisions, set appropriate interest rates, and comply with regulatory requirements. Freelancers in this field may work on projects like developing credit scorecards, stress testing portfolios, or validating existing risk models.

What is the difference between Freelance Credit Risk Modeling vs Credit Analyst?

AspectFreelance Credit Risk ModelingCredit Analyst
CredentialsRelevant certifications (e.g., CFA, credit risk certifications), strong quantitative skillsTypically requires a degree in finance, economics, or related field; certifications are a plus
Work EnvironmentIndependent, project-based, remote or client-siteUsually in banks, financial institutions, or corporate offices
Industry UsageUsed by consulting firms, freelance platforms, and financial servicesEmployed directly by financial institutions or corporations
Comparison Search IntentUnderstanding freelance opportunities in credit risk modelingAssessing creditworthiness and risk for lending decisions

Freelance Credit Risk Modeling involves independent, project-based work focusing on developing risk models, often remotely. Credit Analysts work within organizations to evaluate creditworthiness, typically in a structured environment. While both roles require financial expertise and similar credentials, their work settings and employment types differ significantly.

How do freelance credit risk modelers typically collaborate with clients and other stakeholders during projects?

Freelance credit risk modelers usually work closely with client teams such as credit analysts, data engineers, and compliance officers to understand data sources, project objectives, and regulatory requirements. Communication often occurs through regular virtual meetings, progress reports, and collaborative tools to ensure transparency and alignment. Freelancers must be proactive in clarifying goals, sharing preliminary findings, and incorporating feedback to deliver models that meet both technical and business needs. Building strong client relationships and maintaining clear documentation are key to successful collaboration in this role.
What are the most commonly searched types of Credit Risk Modeling jobs in New York? The most popular types of Credit Risk Modeling jobs in New York are:
What are popular job titles related to Freelance Credit Risk Modeling jobs in New York? For Freelance Credit Risk Modeling jobs in New York, the most frequently searched job titles are:
What job categories do people searching Freelance Credit Risk Modeling jobs in New York look for? The top searched job categories for Freelance Credit Risk Modeling jobs in New York are:
What cities in New York are hiring for Freelance Credit Risk Modeling jobs? Cities in New York with the most Freelance Credit Risk Modeling job openings:
Freelance Credit Risk Modeling jobs near you
Infographic showing various Freelance Credit Risk Modeling job openings in New York as of August 2026, with employment types broken down into 1% As Needed, 85% Full Time, 11% Part Time, 1% Temporary, and 2% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution.

Director, Credit Risk Review

BNY Mellon

Manhattan, NY • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 16 days ago

BNY Mellon rating

7.3

Company rating: 7.3 out of 10

Based on 52 frontline employees who took The Breakroom Quiz

123rd of 150 rated financial services

Job description


We're seeking a future team member for the role of Director, Credit Risk Review to join our Model Risk team. This role is located in New York City, New York.
In this role, you'll make an impact in the following ways:
  • Lead the development and execution of a risk-based annual Credit Risk Review plan covering key portfolios, products, and counterparties, by applying deep credit, regulatory, and market knowledge to identify areas of heightened risk and strategic importance.
  • Oversee and direct end-to-end review engagements (planning, methodology, fieldwork, issue identification, and reporting), by ensuring robust testing of credit risk identification, measurement, monitoring, and control processes, and by challenging the effectiveness and design of first- and second-line frameworks.
  • Provide independent, candid, and well-substantiated conclusions and thematic insights to senior management, risk committees, and other governance forums, by synthesizing complex review results into clear, decision-useful commentary and recommendations.
  • Drive high standards of methodology, documentation quality, and review discipline across the Credit Risk Review team, by establishing and monitoring adherence to policies, procedures, and quality assurance expectations.
  • Manage, develop, and coach a team of credit risk review professionals, by setting clear performance expectations, providing technical and behavioral feedback, and fostering a culture of challenge, continuous improvement, and alignment with BNY's principles.
  • Partner constructively with Risk, Business, Audit, and Compliance stakeholders while preserving independence, by engaging in regular dialogue on emerging risks, tracking remediation of issues, and influencing sustainable enhancements to the credit risk control environment.

To be successful in this role, we're seeking the following:
  • Bachelor's degree or equivalent in Finance, Economics, Accounting, Business, or a related quantitative/analytical field.
  • Advanced degree (e.g., MBA, MS in Finance/Risk) and/or relevant professional certifications (e.g., FRM, PRM, CFA, CRC) preferred.
  • 12-15 years of experience.
  • Credit Officer experience with material individual approval authority in large systemically important banks is preferred.
  • Advanced credit risk expertise, including complex counterparty/portfolio analysis, risk frameworks, and regulatory expectations, with the ability to translate this into effective independent review and challenge.
  • Advanced credit risk assessment and approval experience in and technical understanding of counterparty credit risk and financial institutions, including hedge funds, private equity and private credit funds, asset managers is required. Expertise in commercial real estate, general corporate credit or securitizations is a plus.
  • Strong leadership and stakeholder management capabilities, including leading review teams, influencing senior executives, and managing conflict while maintaining independence of judgment.
  • Excellent analytical, written, and verbal communication skills, with the ability to synthesize complex findings into concise, actionable insights and to set and maintain high standards of review methodology and documentation quality.

About Us
At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.
Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.
About the Team
At BNY, our culture speaks for itself, check out the latest BNY news at BNY Newsroom & BNY LinkedIn
Here's a few of our recent awards:
  • America's Most Innovative Companies, Fortune, 2025
  • World's Most Admired Companies, Fortune 2025
  • "Most Just Companies", Just Capital and CNBC, 2025

Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting.
Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If hired, the employee will be in an "at will" position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

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About BNY Mellon

Sourced by ZipRecruiter

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Dec. 31, 2021, BNY Mellon had $46.7 trillion in assets under custody and/or administration, and $2.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com . Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1784

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