Mortgage Credit Risk Manager: Portfolio & Compliance (MN)

AllianceBernstein L.P.; Minneapolis (MN); On-site; USD 110,000 - 155,000; Full time

Benefits offered by this job

Health insurance coverage

Employee wellness program

Life and disability insurance

Retirement savings plan

Paid holidays

Sick and vacation time off

Job summary

AB CarVal, a unit of AllianceBernstein, seeks a Senior Associate, Credit Manager in Minnesota to lead credit risk for U.S. loan portfolios and manage underwriting guidelines, diligence, and risk mitigation with cross‑functional collaboration.

The role emphasizes evaluating creditworthiness, setting terms, ensuring policy compliance, and communicating with senior management. Minneapolis‑area base with an established investment platform.

Qualifications

• Bachelor’s degree in accounting, finance, economics, business, or related field.
• 5+ years of credit risk management experience in mortgage or banking.
• Knowledge of credit analysis techniques, scoring models, and risk assessment.
• Strong analytical and data evaluation abilities.
• Experience with regulatory standards and compliance.

Responsibilities

• Create and maintain underwriting guidelines and credit criteria.
• Develop mortgage origination onboarding and due diligence processes.
• Assess, manage, and monitor credit risk of portfolios from correspondents.
• Evaluate borrower creditworthiness using financial data and reports.
• Determine credit limits, terms, and conditions.
• Ensure compliance with credit policies and regulatory requirements.
• Oversee due diligence for all loans sourced via networks.
• Monitor portfolio performance and conduct regular credit reviews.
• Develop risk mitigation strategies to protect investments.
• Provide insights to support investment decisions and portfolio management.
• Communicate updates to senior management and stakeholders.
• Continue to improve credit risk assessment processes.

Skills

Credit risk management

Credit analysis

Regulatory compliance

Financial modeling

Excel proficiency

Communication skills

Detail orientation

Education

Bachelor's degree in accounting/finance

Job description

AB CarVal, a unit of AllianceBernstein, seeks a Senior Associate, Credit Manager in Minnesota to lead credit risk for U.S. loan portfolios and manage underwriting guidelines, diligence, and risk mitigation with cross‑functional collaboration.

The role emphasizes evaluating creditworthiness, setting terms, ensuring policy compliance, and communicating with senior management. Minneapolis‑area base with an established investment platform.