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Mortgage Credit Risk Model Director Jobs (NOW HIRING)

Careers at KKR

VP, Credit Risk Modeling

New York, NY · On-site

$160K - $175K/yr

As the portfolio grows in scale and complexity - spanning structured credit, mortgage loans ... Translate model outputs into actionable capital metrics: compute expected loss, cost of downgrade ...

Local Community Bank

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Banking Credit Underwriter - Commercial/Mortgage

Shreveport, LA · On-site

Credit Analyst evaluates the financial health and risk profile of commercial, consumer and mortgage ... Experience with discounted cash flow models, a plus. * 1-3 years of related experience within ...

PSECU

Credit Risk Analyst

Harrisburg, PA · On-site

Reports to the Director of Credit Risk & Data Analytics. Work is performed with a high degree of independence. Schedule: Monday - Friday, 8am -4 or 9am -5pm. This position will be a hybrid model both ...

PSECU

Credit Risk Analyst

Harrisburg, PA · On-site

Reports to the Director of Credit Risk & Data Analytics. Work is performed with a high degree of independence. Schedule: Monday - Friday, 8am -4 or 9am -5pm. This position will be a hybrid model both ...

Guild Mortgage

VP, Credit Risk

San Diego, CA · On-site

$177K - $242K/yr

As a mortgage banking firm we are dedicated to serving the home owner/buyer. Our goal is to provide affordable home financing for our customers, utilizing the best terms available while providing a ...

E6

Chief Risk Officer (Des Moines)

Des Moines, IA · On-site

... models * Direct underwriting oversight and collateral risk management across lending and investment ... Develop and maintain credit risk policies, limits, procedures, and governance frameworks * Provide ...

Guild Mortgage

VP, Credit Risk

San Diego, CA

$177K - $242K/yr

Guild Mortgage Company , closing loans and opening doors since 1960. As a mortgage banking firm we ... The VP of Credit Risk ensures that the company's lending practices and policies are sound and ...

OneGroup

Director Credit Risk Review

Syracuse, NY · On-site

Retail portfolios (mortgage, home equity, auto, unsecured) * Evaluate portfolio trends ... Commercial credit scoring models, such as Moody's RiskCalc * Retail credit underwriting models and ...

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Mortgage Credit Risk Model Director information

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$84.5K

$156.3K

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How much do mortgage credit risk model director jobs pay per year?

As of Sep 10, 2026, the average yearly pay for mortgage credit risk model director in the United States is $156,315.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,500.00 and $188,000.00 per year, depending on experience, location, and employer.

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For Mortgage Credit Risk Model Director jobs, the most frequently searched job titles are:

VP, Credit Risk Modeling

New York, NY • On-site

Careers at KKR
See more jobs at Careers at KKRexternal

$160K - $175K/yr

Full-time

Re-posted 13 days ago

Key responsibilities

  • Build and own portfolio credit risk models that quantify tail losses from default and rating migration across asset classes

  • Develop a credit risk framework: calibrate transition matrices, model correlated credit migration, and produce full loss distributions to measure tail risk at the portfolio level

  • Build production-quality Python pipelines for model execution, data processing, and automated reporting; deliver clear visualizations and summaries for senior leadership and the Board

Job description

COMPANY OVERVIEW
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries.
The Opportunity
Global Atlantic, a KKR company, is one of the largest insurance and reinsurance platforms in Bermuda, managing over $110 billion across multiple entities. As the portfolio grows in scale and complexity - spanning structured credit, mortgage loans, corporate bonds, and alternative assets - we are investing in a dedicated credit modeling capability to help the firm understand and quantify tail credit risk across the full investment book. This VP role will lead the development of models that measure portfolio-level default and downgrade exposure, inform capital allocation, and strengthen our risk framework.
Responsibilities:
  • Build and own portfolio credit risk models that quantify tail losses from default and rating migration across asset classes
  • Develop a credit risk framework: calibrate transition matrices, model correlated credit migration, and produce full loss distributions to measure tail risk at the portfolio level
  • Calibrate asset-class-specific inputs - transition probabilities, loss given default, recovery rates, and credit spreads
  • Translate model outputs into actionable capital metrics: compute expected loss, cost of downgrade, and tail risk measures by rating and tenor to support portfolio construction, and limit-setting decisions
  • Build production-quality Python pipelines for model execution, data processing, and automated reporting; deliver clear visualizations and summaries for senior leadership and the Board
  • Partner with investment teams, and finance to embed credit risk analytics into portfolio monitoring, stress testing, and strategic asset allocation

Qualifications Required:
  • 8-12 years in credit risk modeling, quantitative finance, or insurance capital modeling.
  • Deep expertise in portfolio credit risk frameworks - transition matrices, Monte Carlo simulation, correlated default modeling, and tail risk measurement.
  • Production-quality Python skills.
  • Experience calibrating and validating credit models.
  • Strong written communication for technical and executive audiences.
  • Comprehensive user of AI tools.

Preferred:
  • Insurance regulatory capital experience (Bermuda, Solvency II, or NAIC RBC).
  • Structured credit modeling (CLO engines, CMBS/RMBS loss models).

This is the expected annual base salary range for this New York-based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance. Base Salary Range - $160,000 to $175,000
#LI-Onsite
KKR is an equal opportunity employer. Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law.
KKR will provide reasonable accommodations as required by applicable federal, state, and/or local laws. Individuals seeking an accommodation for the application or interview process should email Benefits@kkr.com. Emails sent for unrelated issues, such as following up on an application, will not receive a response.
If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to use or access https://www.kkr.com/careers because of your disability. You can request reasonable accommodations by sending an email to Benefits@kkr.com. Only emails left for this purpose will be returned.
Massachusetts Applicants: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. This notice applies only to applicants and employees who work or will work in Massachusetts, in accordance with applicable state law.

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