Credit Risk Quant: PD/LGD Modeling (NYC)

Coda Search│Staffing; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

Coda Search is partnering with a globally recognized alternative asset manager in NYC to hire a Quantitative Credit Risk Associate. You will own, develop, and maintain PD models and related loss estimation frameworks across the credit platform.

This build‑oriented role requires close collaboration with deal and portfolio teams to deliver robust risk measures. Requirements include 2+ years in quantitative credit risk, a STEM degree, and proficiency in Python and SQL.

Qualifications

• 2+ years in quantitative credit risk or related role in finance.
• Bachelor's or Master's degree in a quantitative discipline (STEM).
• Strong applied statistical modeling and PD modelling experience.

Responsibilities

• Build, calibrate, and maintain PD models for private middle‑market borrowers.
• Develop LGD and EAD models reflecting collateral, liens, covenants, and recoveries.
• Extend framework across asset classes to pool-level and cash flow modeling.
• Map internal risk ratings to agency‑equivalent scales and external studies.
• Back‑test model output against defaults, downgrades, and recoveries.

Skills

PD modelling

Python

SQL

Credit risk

Model validation

Communication

Education

STEM degree

Tools

Python

SQL

Job description

Coda Search is partnering with a globally recognized alternative asset manager in NYC to hire a Quantitative Credit Risk Associate. You will own, develop, and maintain PD models and related loss estimation frameworks across the credit platform.

This build‑oriented role requires close collaboration with deal and portfolio teams to deliver robust risk measures. Requirements include 2+ years in quantitative credit risk, a STEM degree, and proficiency in Python and SQL.