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Remote Credit Risk Modeling Jobs in Newark, NJ (NOW HIRING)

Quilt Software

Director, Risk and Fraud

New York, NY · On-site +1

Lead merchant underwriting operations end-to-end - credit review, risk decisioning, exposure ... Build and refine risk scoring models, underwriting frameworks, and fraud rule logic; champion ...

Everest Re Group

Risk Director

Warren, NJ · On-site +1

$116K - $150K/yr

Maintain and enhance BSCR calculation tools (Excel, actuarial software, internal models) for ... credit, and operational risks. Capital and Risk Insights * Deliver comprehensive analysis and ...

Everest

Risk Director

New York, NY · On-site +1

$116K - $150K/yr

Maintain and enhance BSCR calculation tools (Excel, actuarial software, internal models) for ... credit, and operational risks. Capital and Risk Insights * Deliver comprehensive analysis and ...

Everest

Risk Director

Warren, NJ · On-site +1

$116K - $150K/yr

Maintain and enhance BSCR calculation tools (Excel, actuarial software, internal models) for ... credit, and operational risks. Capital and Risk Insights * Deliver comprehensive analysis and ...

Everest Re Group

Risk Director

New York, NY · On-site +1

$116K - $150K/yr

Maintain and enhance BSCR calculation tools (Excel, actuarial software, internal models) for ... credit, and operational risks. Capital and Risk Insights * Deliver comprehensive analysis and ...

Vaco LLC

Merchant Risk Analyst

Manhattan, NY · Remote

$30/hr

Fully Remote* As a Merchant Underwriter, you will assess financial risk related to credit, fraud and identity associated with the merchants. You will also coordinate with cross-functional partners to ...

Vaco LLC

Merchant Risk Analyst

Manhattan, NY · Remote

$30/hr

Fully Remote* As a Merchant Underwriter, you will assess financial risk related to credit, fraud and identity associated with the merchants. You will also coordinate with cross-functional partners to ...

Qcells

Counterparty Risk Analyst (Financial)

Teaneck, NJ · On-site +1

$75K - $95K/yr

Remote work may be considered for exceptional cases. RESPONSIBILITIES * Perform due diligence and ... Recommend internal credit ratings and risk-based limits, partner payment terms, and prepare written ...

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All JobsCredit Risk Modeling JobsRemote Credit Risk Modeling JobsRemote Credit Risk Modeling Jobs in Newark, NJ

Remote Credit Risk Modeling information

See Newark, NJ salary details

$129.5K

$150.9K

$195.1K

How much do remote credit risk modeling jobs pay per year?

As of Jun 9, 2026, the average yearly pay for remote credit risk modeling in Newark, NJ is $150,950.00, according to ZipRecruiter salary data. Most workers in this role earn between $137,800.00 and $154,500.00 per year, depending on experience, location, and employer.

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 Newark, NJ? The most popular types of Credit Risk Modeling jobs in Newark, NJ are:
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What cities near Newark, NJ are hiring for Remote Credit Risk Modeling jobs? Cities near Newark, NJ with the most Remote Credit Risk Modeling job openings:
Remote Credit Risk Modeling jobs near you
Director, Risk and Fraud

Director, Risk and Fraud

Quilt Software

New York, NY • On-site, Remote

Full-time

Medical, Dental, Vision, Retirement

Posted 14 days ago

Job description

About Quilt Software
Ever wondered how your favorite local shops compete with the big guys? That's where we come in. We're Quilt Software, providing Main Street's unsung heroes - from quirky cheese shops to family-run jewelry stores - with the tools they need to compete. Last year, we helped 14,000+ shops make over $2 billion in sales with our family of industry-specific software solutions.
If you get a kick out of supporting local businesses, love great software, and want to be part of a company that's powering Main Street, we'd love to chat. Come join us in our quest to keep local retail not just alive, but thriving!
About the Role
This is an operator and leader role. You'll set strategy, run day-to-day risk and fraud operations, and build the systems and processes that scale with our portfolio. You'll work cross-functionally with Sales, Finance, Engineering, and Customer Experience to protect Quilt and our merchants - without becoming a speed bump in the sales motion.
What You'll Own
  • Lead merchant underwriting operations end-to-end - credit review, risk decisioning, exposure monitoring, and policy management
  • Manage fraud detection and prevention across the merchant portfolio, including chargeback management, dispute resolution, and loss mitigation
  • Maintain credit exposure within defined thresholds while optimizing merchant approval rates and minimizing unnecessary friction
  • Build and refine risk scoring models, underwriting frameworks, and fraud rule logic; champion automation wherever it reduces manual review without compromising controls
  • Develop and track KPIs across underwriting decisioning quality, fraud losses, chargeback rates, and portfolio health
  • Partner with Sales and Account Management to support merchant onboarding, escalations, and exception handling - acting as a collaborative resource, not a gatekeeper
  • Lead, develop, and grow a team of risk analysts and fraud operations specialists
  • Manage relationships with processors, card networks, and third-party risk vendors
  • Stay ahead of evolving fraud vectors, card network rules, and regulatory requirements relevant to PayFac operations

What you bring
  • 8-10+ years in payments risk, fraud, or underwriting - ideally in a PayFac, ISO, or acquiring environment
  • Strong analytical and data skills; comfortable building models, querying data, and driving decisions from numbers
  • Proven track record balancing risk discipline with business velocity in a high-growth setting
  • Hands-on operator instincts - you don't just design processes, you run them
  • Experience building and deploying risk automation tools and fraud ML models
  • Track record building and leading high-performing risk operations teams
  • Deep familiarity with chargeback management, dispute workflows, and card network rules (Visa, Mastercard)
  • Strong written and verbal communication; able to translate risk concepts for non-technical stakeholders

Nice to Have
  • Direct PayFac experience - familiarity with sponsor bank relationships, sub-merchant liability, and PayFac-specific regulatory obligations
  • Experience with Stripe, or Adyen as processing platforms
  • Background in specialty retail verticals (dive, pet, outdoor, liquor, etc.)

What we Offer
  • Opportunity to build software that powers real-world commerce at scale.
  • Competitive salary and equity package.
  • Comprehensive benefits (health, dental, vision, 401k, etc.).
  • Strong emphasis on engineering quality and career growth.

Salary: 160-180k Base + Bonus
Location: Remote, based in the United States
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.
Notice - Employment Scams
Communication from our team regarding job opportunities will only be made by a Quilt Software employee with an @quiltsoftware.com email address. We do not conduct interviews over email or chat platforms, and we will never ask you to provide personal or financial information such as your mailing address, social security number, credit card numbers, or banking information. If you believe a scammer is contacting you, please mark the communication as "phishing" or "spam" and do not respond.

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