Senior Associate, Credit Manager

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

Benefits offered by this job

Health insurance

Employee wellness program

Retirement savings plan

Paid holidays, sick leave, vacation

Job summary

AB CarVal is seeking a Senior Associate, Credit Manager to build and oversee underwriting guidelines and credit criteria for U.S. loan portfolios sourced through correspondent networks.

You will assess credit risk, analyze financial data, and set limits and terms, reporting to the Director, Investment Operations in Minnesota. The role requires 5+ years in credit risk, strong Excel modeling, and solid regulatory knowledge.

Qualifications

• Bachelor’s degree in accounting, finance, economics, business, or related field.
• 5+ years of experience in credit risk management in the mortgage or banking industries.
• Knowledge of credit analysis techniques, scoring models, and risk assessment methodologies.
• Demonstrated proficiency in Microsoft Excel including financial modeling and analysis.
• Demonstrated excellent oral and written communication skills.
• Demonstrated organization and detail orientation skills.

Responsibilities

• Create and maintain underwriting guidelines and credit criteria.
• Develop mortgage originator onboarding and diligence processes in collaboration with internal functions.
• Assess, manage, and monitor credit risk for loan portfolios sourced via correspondent networks.
• Evaluate creditworthiness by analyzing financial data and credit reports.
• Determine appropriate credit limits, terms, and conditions for investments.
• Ensure compliance with credit policies, guidelines, and regulatory requirements.
• Oversee due diligence reviews of loans sourced via networks.
• Monitor portfolio performance and conduct credit reviews for risks and opportunities.
• Develop risk mitigation strategies to protect investments and optimize returns.
• Maintain QA review processes with third-party vendors to ensure compliance.
• Provide insights to support investment decisions and portfolio management; report to senior management.
• Continuously improve credit risk assessment processes.

Skills

Credit risk management

Mortgage/banking experience

Regulatory compliance

Excel modeling

Analytical skills

Communication skills

Education

Bachelor's degree in accounting, finance, economics, business, or related field

Job description

Who You’ll Work With

The Senior Associate, Credit Manager will be part of a team focused on building the correspondent network sourcing channel and investment strategy for AB CarVal U.S. loan portfolios. This role will be responsible for assessing and managing credit risk associated with loan portfolios sourced through correspondent networks. The role includes monitoring credit quality, evaluating the credit worthiness of potential borrowers, analyzing financial data, and determining appropriate credit limits and terms. The role ensures compliance with credit policies and guidelines, monitoring portfolio performance. This role will also be responsible for communicating and partnering closely with other internal stakeholders across a range of AB CarVal residential strategies, sourcing channels and organizational functions.

Who You’ll Work With

The Senior Associate, Credit Manager will be part of a team focused on building the correspondent network sourcing channel and investment strategy for AB CarVal U.S. loan portfolios. This role will be responsible for assessing and managing credit risk associated with loan portfolios sourced through correspondent networks. The role includes monitoring credit quality, evaluating the credit worthiness of potential borrowers, analyzing financial data, and determining appropriate credit limits and terms. The role ensures compliance with credit policies and guidelines, monitoring portfolio performance. This role will also be responsible for communicating and partnering closely with other internal stakeholders across a range of AB CarVal residential strategies, sourcing channels and organizational functions.

This position will report to the Director, Investment Operations. The role will be located in Minnesota.

What You’ll Do

• Responsible for creating and maintaining underwriting guidelines and credit criteria
• Develop and implement while collaborating with internal functions the mortgage originator onboarding and diligence process
• Partner to assess, manage, and monitor credit risk associated with loan portfolio sourced through correspondent networks.
• Evaluate creditworthiness of potential borrows by analyzing financial data, credit reports, and other relevant information.
• Partner to determine appropriate credit limits, terms, and conditions for investments.
• Collaborate closely with internal teams across various functions to ensure compliance with credit policies, guidelines, and regulatory requirements.
• Implement and maintain the due diligence review process of all loans sourced via the correspondent networks.
• On an ongoing basis, monitor portfolio performance and conduct regular credit reviews to identify potential risks and opportunities for improvement.
• Develop and implement risk mitigation strategies to protect the organization’s interests and optimize investment returns.
• Develop and maintain quality control review process including direct communication with third party vendors to ensure compliance with requirements.
• Provide insights and recommendations to support decision‑making related to investment opportunities and portfolio management. Communicate regularly with senior management and internal stakeholders to provide updates
• Continuously improve credit risk assessment processes and procedures.

Required

What We’re Looking For:

• Bachelor’s degree in accounting, finance, economics, business, or related field
• 5+ years of experience in credit risk management in the mortgage or banking industries.
• Knowledge of credit analysis techniques, scoring models, and risk assessment methodologies.
• Demonstrated strong analytic skills and the ability to evaluate financial data.
• Demonstrated experience with regulatory and compliance standards.
• Demonstrated proficiency in Microsoft Excel including financial modeling and analysis
• Demonstrated excellent oral and written communication skills.
• Demonstrated organization and detail orientation skills.

Who We Are

AB CarVal is an established global alternative investment manager and part of AllianceBernstein’s Private Alternatives business. Since 1987, AB CarVal’s team has navigated through ever‑changing credit market cycles, investing $155 billion in 5,850 transactions across 82 countries. Today, AB CarVal has approximately $20 billion in assets under management. The firm has a 38‑year history, strong track record and an established reputation in asset‑based finance with a team of approximately 74 investment professionals in the US, Europe and Asia. A key differentiator is the firm’s robust global network of established relationships with operating platforms and partners.

Our culture of intellectual curiosity and collaboration creates an environment where you can thrive and do your best work. Whether you’re producing thought‑provoking research, identifying compelling investment opportunities, infusing new technologies into the business or providing thoughtful advice to our clients, we are fully invested in you. If you’re ready to challenge your limits and empower your career, join us!

In accordance with applicable law, the minimum and maximum base annual salary for this role is as follows:

Base Salary Range: $110,000 to $155,000

In addition AB provides a variety of benefits to eligible employees, including health insurance coverage, an employee wellness program, life and disability insurance, a retirement savings plan, paid holidays, sick and vacation time off

AB does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, marital status, citizenship status, sexual orientation, gender identity, military or veteran status or any other basis that is prohibited by applicable law. AB’s policies and practices seek to ensure that employment opportunities are available to all employees and applicants based solely on job‑related criteria.

Minneapolis, Minnesota