Product Leader – Private Credit Modeling, Stress Testing, Valuation & Impairments

Clearwater Analytics, LLC; New York (NY); On-site; USD 207,000 - 296,000; Full time

Benefits offered by this job

Health/vision/dental insurance

401(k)

Paid time off

Parental leave

Medical leave

STD/LTD insurance

Job summary

Clearwater Analytics, LLC seeks a Product Leader for Private Credit Modeling, Stress Testing, Valuation & Impairments to own strategy and delivery of our credit risk product suite. You will lead the roadmap, drive growth, and ensure production readiness for CECL/IFRS9 standards across global clients.

The role requires a builder-practitioner with deep credit modeling expertise, Agile leadership, and a track record of on-time launches.

Qualifications

• 10+ years in full credit risk lifecycle across private credit valuation and capital markets tech.
• Expertise in CECL/ASC 326, IFRS 9 ECL and global regulatory regimes.
• Proven Agile/Scrum roadmap ownership from requirements to rollout.
• Experience shipping new product features with cross-functional teams.
• MBA or advanced degree; CFA/FRM preferred.

Responsibilities

• Own product roadmap and backlog for private credit modeling and valuation product line.
• Drive growth targets and pricing strategy with Sales/Marketing.
• Lead end-to-end production model implementation and governance.
• Collaborate with Engineering, Risk, Quant teams on requirements and priority.
• Present model outcomes and product performance to executives.

Skills

Credit risk modeling

Regulatory domain

Agile product delivery

Stakeholder management

Model governance

SQL

Python

Pre-Sales experience

Vendor/enterprise product ownership

Education

MBA or advanced degree in Finance

CFA/FRM certification

Tools

Moody's Impairment Studio

Portfolio Analyzer

Job description

We are seeking a Product Leader – Private Credit Modeling, Stress Testing, Valuation & Impairments to own the strategy, growth, and delivery of our credit risk product suite, spanning private credit valuation, expected credit loss modeling (CECL/ASC 326, IFRS 9/ECL), impairment methodologies, and related global regulatory requirements. This role is ideal for a builder-practitioner who has both defined credit risk products as a vendor-side product owner and carried enterprise-side accountability for implementing and operating those models in production. The ideal candidate combines deep credit modeling and regulatory domain expertise with strong Agile product delivery skills, direct ownership of commercial growth targets, and a track record of shipping new product capabilities on schedule.

Key Responsibilities:

• Own the product roadmap and backlog for the private credit modeling and valuation product line, prioritizing features and managing releases in partnership with senior product and engineering leadership to align with regulatory developments and market/client demand.
• Own growth targets for the product line, including new logo acquisition, expansion revenue, and adoption metrics; partner with Sales and Marketing on pricing, positioning, and go-to-market strategy to hit commercial goals.
• Take accountability for the timely release of new product launches and feature enhancements, managing scope, timelines, and cross-functional dependencies to avoid slippage.
• Evolve the roadmap in response to major global regulatory shifts (e.g., CECL/ASC 326, IFRS 9 ECL, jurisdiction-specific impairment and provisioning standards) and emerging private credit market dynamics.
• Credit Modeling & Regulatory Implementation: Lead end-to-end implementation of private credit valuation and expected credit loss models (e.g., behavioral PD/LGD models) across large, diverse portfolios, defining data and methodology requirements and running executive-level discovery with stakeholders.
• Own production model management, monitoring, back-testing, and calibration, ensuring outputs are reliable, defensible, and audit-ready.
• Strengthen model governance through enhanced controls, documentation, and management challenge processes; maintain governance materials and partner with internal/external auditors and regulators through exams and reviews.
• Track and incorporate global regulatory requirements for credit impairment and provisioning (US GAAP CECL, IFRS 9 ECL, and comparable regional standards) into product methodology and reporting capabilities.
• Support risk-based pricing and portfolio valuation use cases by ensuring credit models reflect current and forward-looking macroeconomic and credit trends.
• Client & Stakeholder Engagement: Partner directly with clients (asset managers, lenders, and financial institutions) to gather business requirements, author BRDs/FSDs, and shape business proposals and solution design.
• Support Sales and Pre-Sales through the RFP process, client demos, and solution consulting, with direct accountability for supporting pipeline conversion and growth.
• Deliver training and enablement (executive to staff level) to drive adoption of new models, tools, and product releases across client organizations.
• Conduct client webinars and surveys to build awareness of new features and gather ongoing feedback that informs the roadmap.
• Cross-Functional & Team Leadership: Lead and mentor business analysts, QA analysts, and junior product team members – documenting epics, prioritizing backlogs, and writing user stories.
• Coordinate with cross-functional teams (Engineering, Client Success, Professional Services, Quantitative Research) on requirements, design, estimation, pilot launches, and feature implementation to keep launches on schedule.
• Partner with Marketing on go-to-market messaging, translating product capabilities into client-facing materials, launch collateral, and conference content.
• Present model outcomes, product performance, and growth metrics to executive leadership and relevant risk/investment committees.
• Analytics & Innovation: Champion adoption of emerging technology (e.g., AI, Python-based automation) to streamline recurring analytical and model-validation processes.
• Build supporting analytical tools such as attribution and variance-analysis models that leverage core credit model output for business planning and client reporting use cases.
• Drive analytics build-out for portfolio monitoring, product evaluation, and valuation benchmarking in partnership with senior leadership.

Qualifications:

• Required 10+ years of experience across the full lifecycle of credit risk, private credit valuation, and capital markets technology, spanning both vendor-side product roles and enterprise-side implementation/ownership roles.
• Deep domain expertise in expected credit loss and impairment modeling (CECL/ASC 326, IFRS 9 ECL) and familiarity with comparable global regulatory regimes.
• Proven experience owning a product roadmap and backlog in an Agile/Scrum environment, from requirements through design, execution, and rollout.
• Track record of owning commercial/growth targets for a product line and delivering new product launches on schedule.
• Strong experience translating client and regulatory requirements into BRDs/FSDs and actionable product/engineering work.
• Demonstrated ability to lead model implementation and governance in a regulated environment, including work with auditors and regulators.
• Experience presenting to senior executives, board members, or risk/investment committees.
• MBA or advanced degree in Finance or related field.
• Preferred CFA and/or FRM certification.
• Experience with credit risk or valuation platforms (e.g., Moody's Impairment Studio/Portfolio Analyzer) or similar vendor tools.
• Working knowledge of SQL, Python, and modern productivity/AI tools for analytics automation.
• Experience mentoring and leading business analysts or product team members across onshore/offshore teams.
• Background supporting Pre-Sales/RFP processes and go-to-market/product marketing initiatives.
• Exposure to private credit, direct lending, or alternative credit asset classes specifically.

What Success Looks Like:

• New product features and releases delivered on time against a regulatory-aligned, client-validated roadmap.
• Product line growth targets (new business, expansion, adoption) met or exceeded.
• Strong model governance and audit outcomes for core credit/valuation models in production.
• Effective cross-functional partnership across Engineering, Risk, Quantitative Research, and Sales/Marketing.

Salary Range $207,000.00 - $295,550.00 This is the pay range the Company believes it will pay for this position at the time of this posting. Consistent with applicable law, compensation will be determined based on relevant experience, other job-related qualifications/skills, and geographic location (to account for comparative cost of living). The Company reserves the right to modify this pay range at any time.

For this role, benefits include: health/vision/dental insurance, 401(k), PTO, parental leave, and medical leave, STD/LTD insurance benefits.

Clearwater Analytics is An Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age or any other federally protected class.

Thank you for your interest in a career with Clearwater! Clearwater Analytics (NYSE: CWAN) is transforming investment management with the industry’s most comprehensive cloud-native platform for institutional investors across global public and private markets. While legacy systems create risk, inefficiency, and data fragmentation, Clearwater’s single-instance, multi-tenant architecture delivers real-time data and AI-driven insights throughout the investment lifecycle. The platform eliminates information silos by integrating portfolio management, trading, investment accounting, reconciliation, regulatory reporting, performance, compliance, and risk analytics in one unified system. Serving leading insurers, asset managers, hedge funds, banks, corporations, and governments, Clearwater supports over $8.8 trillion in assets globally. Learn more at www.clearwateranalytics.com. Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. We are dedicated to building a diverse, inclusive and authentic workplace, so if you’re excited about this role but your past experience doesn’t align perfectly with the job description, we encourage you to still apply! You may be just what we're looking for.