Principal Credit Risk Analyst

Alliant Credit Union; Illinois; Hybrid; USD 119,400 - 204,600; Full time

Benefits offered by this job

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

Job summary

Alliant Credit Union is seeking an experienced Analytics Manager for its Chicago Headquarters. The role involves providing data-driven insights on consumer lending portfolios, leading data-driven initiatives, and building relationships with business partners. Candidates must possess a graduate degree in a quantitative field and have at least 6 years of relevant experience. The compensation ranges from $119,400 to $204,600 annually, with benefits like work from home options and education reimbursement.

Qualifications

• Minimum 6 years of analytics, credit risk, or related experience.
• Experience with loan origination strategies and data-driven insights.

Responsibilities

• Develop analytical frameworks and strategies for loan origination, loss forecasting, capital planning, and CECL.
• Analyze risk factors and recommend improvements in underwriting criteria and loan product pricing.
• Complete credit risk analytics, including loan origination strategy and economic capital setting.

Skills

Data analytics

Risk management

Communication

Leadership

Education

Graduate degree in Mathematics, Statistics, Quantitative Finance, Financial Engineering, or Computer Science

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 store 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 experience.

In Lieu of Education

• 10 years of analytics, credit risk or related experience.

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 include:

• 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.