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Remote Credit Risk Modeling Jobs in Illinois (NOW HIRING)

Individual contributor responsible for the overall risk control assessment, evaluation, consulting ... remote service delivery models. May identify opportunities for and/or develop new products and ...

AVP, Construction

Chicago, IL · On-site +1

$150K - $190K/yr

The team is open to discussing hybrid or remote options in Minneapolis, Chicago, and St. Louis ... credit risk * Underwrites prices and prepares proposals based on objective and subject risk ...

AVP, Construction

Chicago, IL · On-site +1

$150K - $190K/yr

The team is open to discussing hybrid or remote options in Minneapolis, Chicago, and St. Louis ... credit risk * Underwrites prices and prepares proposals based on objective and subject risk ...

Treasury Capital Markets Analyst

Chicago, IL · On-site +1

$57K - $113K/yr

Partner with Credit Risk and Market Risk teams on limit framework design, calibration, monitoring ... Remote roles will also have the opportunity to come together in our offices for moments that matter.

Treasury Capital Markets Analyst

Chicago, IL · On-site +1

$57K - $113K/yr

Partner with Credit Risk and Market Risk teams on limit framework design, calibration, monitoring ... Remote roles will also have the opportunity to come together in our offices for moments that matter.

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Remote Credit Risk Modeling information

What are the key skills and qualifications needed to thrive as a Remote Credit Risk Modeler, and why are they important?

To thrive as a Remote Credit Risk Modeler, you need a strong background in statistics, data analysis, and financial risk assessment, typically supported by a degree in mathematics, finance, or a related field. Familiarity with statistical modeling tools such as SAS, R, Python, and experience with credit risk platforms or regulatory frameworks like Basel II/III are highly valued. Excellent problem-solving skills, attention to detail, and effective communication are crucial for interpreting complex data and collaborating with remote teams. These skills ensure accurate risk assessments, regulatory compliance, and sound decision-making in credit portfolios.

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

AspectRemote Credit Risk ModelingRemote Credit Analyst
Required CredentialsDegree in Finance, Economics, or related field; certifications like CFA or FRM beneficialDegree in Finance, Economics, or related field; certifications like CFA or FRM beneficial
Work EnvironmentDeveloping models, analyzing data, using statistical softwareAssessing creditworthiness, reviewing financial documents, communicating with clients
Industry UsageFinancial institutions, credit bureaus, fintech companiesBanks, lending institutions, credit agencies

Remote Credit Risk Modeling focuses on creating statistical models to predict credit risk, requiring strong analytical skills and technical expertise. Remote Credit Analysts evaluate individual credit applications and assess risk based on financial data. While both roles operate remotely within the finance industry, they differ in daily tasks and skill emphasis, with modeling being more technical and analysis more client-focused.

How does a remote Credit Risk Modeling professional typically collaborate with cross-functional teams?

As a remote Credit Risk Modeling professional, collaboration with cross-functional teams—such as data analysts, IT specialists, and business stakeholders—is usually facilitated through virtual meetings, shared project management tools, and version-controlled code repositories. Clear communication and regular updates are essential, as you'll often need to translate complex modeling outcomes into actionable insights for non-technical colleagues. Building strong relationships remotely can be a challenge, but utilizing video calls and collaborative documentation helps ensure alignment on project goals and timelines.

What is remote credit risk modeling?

Remote credit risk modeling involves analyzing and predicting the likelihood that borrowers will default on their loans, all while working from a location outside of a traditional office setting. Professionals in this role use statistical techniques and data analysis tools to assess creditworthiness and help financial institutions minimize risk. They often collaborate with teams virtually, utilizing secure platforms to access data and build predictive models. This remote setup allows for flexibility and efficiency while still upholding high standards of data security and accuracy.
What are the most commonly searched types of Credit Risk Modeling jobs in Illinois? The most popular types of Credit Risk Modeling jobs in Illinois are:
What are popular job titles related to Remote Credit Risk Modeling jobs in Illinois? For Remote Credit Risk Modeling jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Remote Credit Risk Modeling jobs in Illinois look for? The top searched job categories for Remote Credit Risk Modeling jobs in Illinois are:
What cities in Illinois are hiring for Remote Credit Risk Modeling jobs? Cities in Illinois with the most Remote Credit Risk Modeling job openings:
Risk Control Consultant, Virtual Center

Risk Control Consultant, Virtual Center

CNA

Chicago, IL • On-site, Remote

$72K - $141K/yr

Full-time

Posted 15 days ago


Job description

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.
Individual contributor responsible for the overall risk control assessment, evaluation, consulting and technical support on complex issues/assignments. Responsibilities are performed primarily in a remote, work-from-home environment, leveraging virtual tools and technologies to deliver risk control assessments and consultative services. Recognized as a technical expert in a product line of class of business specialty. Under general management direction, works within broad limits of authority requiring a high degree of technical complexity and coordination. May have regional, industry segment, global, or company-wide scope with responsibilities that may include remote risk control assessment and consulting services for global accounts.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
Performs remote workplace/work site risk evaluation and remote consultative risk improvement services which may include large and/or special accounts of some complexity.
Provides remote risk assessment information on complex accounts to support the underwriting process for prospective, new and renewal accounts. Submits corresponding Risk Control recommendations or business solutions to minimize identified exposures.
Assesses customer's risk control program needs and develops and executes a customized strategy and supporting implementation plan for further refinements or improvements.
Makes recommendations on the development and implementation of risk control policy, marketing and business strategy to support achievement of local Branch and overall enterprise profit and growth strategies.
Develops and maintains business relationships with internal and external business partners through remote engagement and collaboration, with occasional in-person interaction as business needs require.
Develops and conducts remote education, training, and presentations.
Provides expertise in one or more specialty area to both internal and external customers, primarily through remote service delivery models.
May identify opportunities for and/or develop new products and services.
Conducts agency/broker visits to build relationships, including remote engagements and periodic in-person meetings, to discuss account or book of business issues and market CNA's products and services to support territorial business needs.
May be responsible for special projects.
May perform additional duties as assigned.
Reporting Relationship
Typically Director or above
Skills, Knowledge & Abilities
1. Advanced technical and product specific expertise, risk control evaluation and assessment skills and knowledge of insurance and risk control principles, practices and procedures including remote assessment techniques.
2. Strong communication, negotiation and presentation skills. Ability to effectively interact with all levels of internal and external business partners in a remote environment.
3. Strong organizational skills with ability to effectively prioritize multiple concurrent assignments in a work-from-home setting.
4. Advanced analytical and problem solving skills.
5. Ability to deal with ambiguous situations and issues.
6. Creativity in resolving unique and challenging business problems.
7. Ability to achieve results by taking a proactive long-term view of business goals and objectives.
8. Knowledge of Microsoft Office Suite and other business-related software.
9. Ability and willingness to travel as required, recognizing that the role is primarily remote/home-based.
Education & Experience
1. Bachelor's degree or equivalent experience. Professional designations preferred.
2. Typically a minimum of five to eight years risk control experience with proven track record of results, including experience delivering remote or consultative risk control services.
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In certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia, California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, New York and Washington, the national base pay range for this job level is $72,000 to $141,000 annually. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees - and their family members - achieve their physical, financial, emotional and social wellbeing goals. For a detailed look at CNA's benefits, please visit cnabenefits.com.
CNA utilizes AI-enabled technology during the recruiting process. For more information, please visit our careers page.
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact leaveadministration@cna.com