Senior Associate, Credit Risk Analytics

Sallie Mae Bank; Newark (DE); On-site; USD 90,000 - 150,000; Full time

Job summary

Sallie Mae Bank is seeking a Sr. Associate, Credit Risk Analytics to perform analytical reviews of credit risk across underwriting and portfolio management.

The role will design and monitor the credit risk oversight framework, develop risk metrics, and provide insights into portfolio quality. Your work will include building dashboards in Power BI, developing Python scripts and SQL queries, and collaborating with stakeholders and regulators during portfolio exams to ensure risk policy compliance

Qualifications

• Degree in statistics, economics, mathematics, or other quantitative science or equivalent.
• Advanced SQL coding with minimum 2 years experience.
• Experience with credit analytics, financial services, or risk.
• Proficiency in SAS, Python, R, Tableau; 2+ years building Power BI dashboards.

Responsibilities

• Conduct analytical reviews of credit risk across underwriting, portfolios, and loss mitigation.
• Develop Power BI dashboards and write SQL/Python scripts for risk reporting.
• Collaborate with business partners and regulators during portfolio examinations.

Skills

Analytical thinking

Communication skills

Team collaboration

Problem solving

Education

Bachelor's degree in quantitative field

Master's degree or PhD preferred

Tools

SQL

SAS

Python

R

Tableau

Power BI

DAX

Job description

What You’ll Contribute

The Sr. Associate, Credit Risk Analytics role is a key position within Sallie Mae’s 2nd Line of Defense Credit Risk team. This position is responsible for performing the analytical review of credit risk related to underwriting, portfolio management, and loss mitigation processes. The Sr. Associate role also provides design and monitoring for the credit risk oversight framework including development of credit risk appetite, risk metrics thresholds, and limits. This position executes analytical techniques to provide insights into portfolio credit quality at segment level and assessment of emerging risks. Additionally, the position will collaborate regularly with business partners and regulators during portfolio exams as part of the credit review and challenge process.

What You’ll Do

• Risk analytics & reporting Supports 2nd Line of Defense analytical review of credit risk across the entire credit life cycle. Evaluates risk impact of strategy changes, environmental changes, and related layered risk. Provides analytical support, deep diving into emerging credit trends and performing ad-hoc credit reporting. Provides narratives of observations and preparation of presentation materials. Design and develop Power BI dashboards to meet the reporting needs of the risk organization, encompassing areas such as operational risk, financial crimes risk, technology and cyber risk, enterprise risk, business controls, and compliance. Develop and optimize advanced Python scripts and SQL queries for data extraction and manipulation. Collaborate with stakeholders to understand analytic needs and reporting requirements and translate them into technical specifications. Ensure data integrity and accuracy in risk reporting processes. Assist in the continuous improvement of reporting workflows and methodologies.
• Portfolio monitoring and risk limit setting Uses analytical techniques to provide insights into portfolio credit quality at segment level and assessment of emerging risk. Communicates findings and recommended enhancements to business partners and review remediation.
• Credit components (Data, Tools and Counterparty) Develops monitoring for credit decision processes based on aggregation of component (models used in credit decisions, alt-data and other tools) risk and complexity. Designs and supports business cycle and credit impact assessments.
• Credit Review and Challenge Manages documentation, process, and standards for compliance with credit risk policy requirements. Assists in the compilation of the quarterly Chief Credit Risk Officer submissions. Documents and communicate results to senior leadership.

The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role.

What You Have

• Minimum Education, Skills and Experience Required Degree in statistics, economics, mathematics, or other quantitative science or equivalent, relevant work experience.
• Advance SQL coding required, with a minimum of 2yrs work experience using these languages.
• Experience with credit analytics, financial services, credit strategy or equivalent work experience.
• Applied experience using statistical tools (e.g., SAS, Python, R, Tableau etc.).
• 2 years of work experience building dashboards using PowerBI and the DAX coding language.
• Familiarity with credit policy, procedures, and standards.
• Be innovative - identify opportunities and drive actions.
• Strong understanding of regulatory environment.
• Has an inquisitive mindset.
• Strong oral and written communication skills as well as presentation skills.
• Strong organizational skills with attention to details.
• Strong team player who listens to stakeholders and works effectively toward solutions.

Preferred Education, Skills and Experience

• Masters or PHD degree.
• Advance Python knowledge.
• Exposure to machine learning.
• Building dashboards using Tableau.

The Americans with Disabilities Act

The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers, in compensation and employment opportunities, against qualified individuals with disabilities who, with or without reasonable accommodation, can perform the "essential functions" of a job. A function may be essential for any of several reasons, including: the job exists to perform that function, the employee holding the job was hired for his/her expertise in performing the function, or only a limited number of employees are available to perform that function.

Benefits

• Competitive base salaries
• Bonus incentives
• Generous PTO, Floating Holidays and 12 Federal Holidays observed
• Support for financial-well-being and retirement
• 401k with employer match
• Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more
• Employer paid short-term/long-term disability and basic life insurance
• Flexible hybrid working arrangements.
• Paid parental leave and adoption reimbursement programs
• Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)
• Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives
• Tuition Reimbursement and Family Scholarship Programs
• Career development and training opportunities