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Weekend Risk Analyst Jobs in Illinois (NOW HIRING)

Principal Credit Risk Analyst

Chicago, IL · On-site

$119K - $204K/yr

Analyze origination risk factors and recommend improvements in underwriting criteria and loan product pricing to increase loan volumes within the risk appetite. * Review and monitor credit risk for ...

The Risk Analyst is responsible gathering and analyzing information in order to underwrite a variety of external business units within the company's portfolio. The Risk Analyst is also responsible ...

As a Clearing Deliveries & Risk Analyst, you will step into a pivotal role, monitoring the financial performance of clearing members and safeguarding the final settlement of products-whether through ...

As a Clearing Deliveries & Risk Analyst, you will step into a pivotal role, monitoring the financial performance of clearing members and safeguarding the final settlement of products-whether through ...

Our Chicago office is hiring an experienced Supervisor, Risk Monitoring Analyst to join our Risk ... on weekends for overnight shifts (9:00PM to 1:00AM CST). Responsibilities include, but are not ...

Analyst, Risk Monitoring

Chicago, IL · On-site

$68K - $89K/yr

Our Chicago office is hiring an experienced Supervisor, Risk Monitoring Analyst to join our Risk ... on weekends for overnight shifts (9:00PM to 1:00AM CST). Responsibilities include, but are not ...

FINRA is seeking a Senior Risk Monitoring Analyst to play a pivotal role in safeguarding the integrity of U.S. securities markets. In this high-impact position, you'll identify emerging risks, assess ...

New

Avant is looking for a Senior Credit Risk Analyst who will play a crucial role in evaluating and managing credit risk of the loan origination business. This role involves conducting in-depth analysis ...

Avant is looking for a Senior Credit Risk Analyst who will play a crucial role in evaluating and managing credit risk of the loan origination business. This role involves conducting in-depth analysis ...

Risk and Safety Analyst Do you get a kick out of helping businesses run safer, smarter, and stronger? We're looking for a seasoned Risk & Safety pro who brings a customer-first mindset, a natural ...

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Weekend Risk Analyst information

What is the difference between Weekend Risk Analyst vs Weekend Underwriter?

AspectWeekend Risk AnalystWeekend Underwriter
Required CredentialsRisk assessment certifications, insurance knowledgeUnderwriting certifications, insurance industry experience
Work EnvironmentOffice or remote, analyzing data and assessing risksOffice-based, reviewing applications and approving policies
Employer & Industry UsageInsurance companies, risk management firmsInsurance companies, underwriting departments
Common Search & ComparisonYesYes

The Weekend Risk Analyst and Weekend Underwriter roles both operate within the insurance industry, often during weekend shifts. While Risk Analysts focus on evaluating potential risks and analyzing data, Underwriters primarily review and approve insurance applications. Both roles require industry-specific certifications and are essential for maintaining risk management and policy issuance processes during weekend hours.

What are the most commonly searched types of Risk Analyst jobs in Illinois? The most popular types of Risk Analyst jobs in Illinois are:
Principal Credit Risk Analyst

Principal Credit Risk Analyst

Alliant

Chicago, IL • On-site

$119K - $204K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 28 days ago


Job description

In this hybrid role based at our Chicago Headquarters, you will provide data-driven insights and recommendations for the effective management of the risk-return trade-off across consumer lending portfolios such as credit cards, personal loans, auto loans, etc.. Lead significant workstreams and initiatives leveraging data and analytics. Build productive and constructive relationships with key partners across different functions including but not limited to business line managers, finance, compliance. Drive the development of analytical frameworks and strategies for loan origination, loss forecasting, capital planning and CECL. Analyze data to identify the quantitative and qualitative factors driving the credit risk for consumer & mortgage loans.
Essential Responsibilities
  • Use data and analytics to develop analytical frameworks and strategies for loan origination strategies, loss forecasting, capital planning and CECL.
  • Analyze origination risk factors and recommend improvements in underwriting criteria and loan product pricing to increase loan volumes within the risk appetite.
  • Review and monitor credit risk for existing accounts in open-ended lending products such as credit card, HELOCs, etc., and recommend line management strategies.
  • Support new data acquisition and guide less experienced analysts and other functional areas on current data intricacies.
  • Conduct third-party quarterly mortgage & consumer loan portfolio performance analysis.
  • Provide thought leadership and rule recommendations for loan origination system implementation and maintenance.
  • Assess the risk-adjusted profitability (NPV) of new originations across the portfolios managed.
  • Drive analytical projects of high complexity from inception to completion and provide guidance to less experienced analysts on specific projects.
  • Ensure effective communication with management and key stakeholders from other functional areas.
  • Complete credit risk analytics, which includes but is not limited to loan origination strategy, economic capital setting, credit loss modeling and mitigation, CECL implementation
  • Partner with other areas such as Loss Prevention & Recovery to enable sound collection strategies.
  • Collaborate with database administration to streamline two-way communication to ensure data quality.
  • Query the data warehouse and other databases to extract, summarize, and save relevant data.
  • Drive improvements in test set-up to more accurately assess effectiveness of proposed risk strategies and team up with other departments for project implementation.
  • Evaluate, implement, and monitor internally developed or third-party scoring solutions.
  • Present recommendations and findings to management
  • Develop periodic reports for audit and regulatory compliance and assist with ad hoc requests.
  • Help formulate and revise credit policies and procedures to address new regulations.

Education & Years of Experience
  • Minimum - Graduate Degree in Mathematics, Statistics, Quantitative Finance, Financial Engineering, Computer Science or related
  • Minimum - 6 Years of Analytics, Credit Risk or related

In Lieu of Education
  • 10 years of Analytics, Credit Risk or related

Compensation & Benefits:
Typical hiring range: $119,400.00 to $204,600.00 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.
Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match including:
  • Annual performance bonus
  • Work from home up to 3 days a week
  • Paid parental leave
  • Employee discount programs
  • Time off including paid personal and sick days
  • 11 paid holidays
  • Education reimbursement

*Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.