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Freelance Credit Risk Modeling Jobs in Utah (NOW HIRING)

Goldman Sachs Bank AG

Credit Risk

Salt Lake City, UT · On-site

$90 - $170/hr

Credit Risk (CR) is responsible for managing the firm's credit exposure to its trading and lending ... Assess risk of transactions through reviews of quantitative models, portfolio analysis, stress ...

Clicklease

Senior Risk Analyst

Draper, UT · On-site

Build, validate, and maintain credit risk models and analytical tooling with minimal oversight. * Identify, assess, and manage emerging risks, proactively escalating issues with proposed solutions.

Clicklease

Risk Analyst

Draper, UT · On-site

Exposure to credit risk concepts, portfolio monitoring, or financial modeling. * Familiarity with Python, R, or business intelligence tools. * Internship or academic project experience involving data ...

CCBank

Senior Credit Analyst

Pleasant Grove, UT · On-site

... model changes, and advising on program modifications. * Support fintech onboarding due diligence from a credit policy perspective, ensuring new programs are structured within the Bank's risk appetite.

CCBank

Senior Credit Analyst

Pleasant Grove, UT · On-site

... model changes, and advising on program modifications. * Support fintech onboarding due diligence from a credit policy perspective, ensuring new programs are structured within the Bank's risk appetite.

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Freelance Credit Risk Modeling information

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.

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 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 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.

What are popular job titles related to Freelance Credit Risk Modeling jobs in Utah?

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The top searched job categories for Freelance Credit Risk Modeling jobs in Utah are:

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Cities in Utah with the most Freelance Credit Risk Modeling job openings:

Freelance Credit Risk Modeling jobs near you

Credit Risk Manager

First Electronic Bank

Salt Lake City, UT • On-site

Full-time

Posted 6 days ago

Job description

Job Type
Full-time
Description
At First Electronic Bank (FEB), we are driven by the purpose to make credit accessible to everyday Americans, and their businesses. Partnering with some of the most innovative FinTech companies in the nation, we offer a wide range of consumer and commercial credit products on a national basis. Offering revolving lines of credit, private-label credit cards, installment financing programs and more, FEB's engages with strategic, collaborative partnerships, promoting services and products to provide the most beneficial consumer and commercial financing solutions.
The Credit Risk Manager serves as the primary credit risk subject matter expert for assigned Strategic Partner programs. This role maintains a deep understanding of partner underwriting frameworks, customer application processes, credit decisioning methodologies, testing strategies, and portfolio performance drivers. The position is responsible for evaluating underwriting effectiveness, monitoring portfolio performance, and assessing the impact of proposed credit strategy changes on risk and expected outcomes.
Working closely with Strategic Partner Managers, Compliance, Legal, Model Risk Management, and other key stakeholders, the Credit Risk Manager provides independent oversight and effective challenge of partner credit programs. The role reviews and approves credit strategy changes through the Bank's governance framework, ensuring underwriting practices remain aligned with FEB Credit Policy, approved risk tolerances, and overall risk management objectives.
What You'll Do:
  • Serve as the primary Credit Administration subject matter expert for assigned Strategic Partner underwriting programs and related credit strategies.
  • Maintain a comprehensive understanding of assigned Strategic Partner credit programs, including customer application flows, underwriting methodologies, credit decisioning strategies, policy rules, testing frameworks, portfolio performance drivers, and key credit risk indicators.
  • Lead the Strategic Partner Credit Strategy Change Request process and associated recordkeeping for assigned programs.
  • Review, challenge, and approve proposed underwriting and credit strategy changes by assessing their potential impact on portfolio performance, credit risk, customer outcomes, approval rates, loss performance, and alignment with approved risk tolerances.
  • Evaluate underwriting methodologies, decision strategies, policy rules, testing results, and portfolio performance outcomes to ensure credit programs operate as expected and remain aligned with the FEB Credit Policy, approved risk tolerances, and risk management expectations.
  • Participate in due diligence initiatives for new products launched in partnership with Strategic Partners, with a particular emphasis on enabling the development of credit programs and the origination of financial receivables.
  • Perform Credit Policy adherence testing and prepare related reporting for management and governance committees.
  • Monitor for credit policy gaps and collaborate with Strategic Partner teams to ensure timely remediation of identified policy adherence issues.
  • Review static pool analyses, portfolio performance reporting, and key credit risk metrics to evaluate how underwriting strategies, decisioning methodologies, testing initiatives, and credit policy changes influence portfolio performance, customer outcomes, and overall credit risk, and to assess whether results align with expected outcomes.
  • Collaborate with internal stakeholders, including but not limited to, Strategic Partner Managers, Compliance, Legal, and Model Risk Management, to ensure effective oversight of assigned credit programs.
  • Collaborate with internal stakeholders to ensure shared deadlines and Service Level Agreements (SLAs) are met.
  • Work with management to develop, enhance, and administer credit risk governance processes supporting Strategic Partner oversight and internal credit activities.
  • Participate in and provide information and documentation in support of internal audits, external audits, regulatory examinations, and independent reviews.
  • Prepare and present partner performance, underwriting strategy changes, credit strategy trends, and emerging credit risk matters to the Credit Committee and other governance committees, as appropriate.
  • Identify emerging credit risk issues and escalate material concerns to management and appropriate governance committees.

Requirements
What We're Looking For:
  • Bachelor's degree in finance, Business, Economics, Risk Management or a related field.
  • Minimum of 5 years of experience in banking, financial services, credit risk management, or a related field.
  • Strong analytical, problem-solving, credit analysis, and data interpretation skills.
  • Experience working with large datasets to analyze credit performance, underwriting outcomes, and credit risk trends.
  • Working knowledge of Power BI, SQL, Excel, or similar data analysis and reporting tools.
  • Ability to independently extract, validate, analyze, and interpret data to identify emerging risks, performance trends, and actionable insights.
  • Strong understanding of underwriting concepts, credit decisioning methodologies, credit policies, and risk-based lending strategies.
  • Experience evaluating underwriting performance through testing frameworks such as A/B testing, champion/challenger testing, segmentation analysis, or similar strategy validation techniques.
  • Experience with credit origination strategies and portfolio performance monitoring.
  • Ability to understand and clearly communicate complex credit strategies and concepts to both credit and non-credit stakeholders.
  • Self-motivated and capable of exercising sound judgment, making risk-based decisions, and identifying when issues require escalation in complex or nuanced situations.
  • Ability to work effectively in a cross-functional, collaborative environment.
  • Strong organizational skills with the ability to manage multiple priorities and meet deadlines.
  • Demonstrated ability to work independently with minimal supervision and drive assignments to completion in a deadline-driven environment.
  • Experience preparing materials for management committees, audits, examinations, or risk governance activities preferred.
  • Experience working with fintech partners, third-party credit programs, or Banking-as-a-Service (BaaS) environments preferred.

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