Senior Credit Risk Analyst

Alliant Credit Union; Chicago (IL); On-site; USD 76,000 - 109,000; Full time

Job summary

An established industry player is seeking a Credit Risk Analyst to develop and review credit policies and strategies. This role involves analyzing data to identify risk factors, implementing scoring solutions, and collaborating with various teams to enhance credit outcomes. The ideal candidate will have a strong background in credit risk analytics, programming skills in Python, and experience with SQL and reporting tools. Join a dynamic team that values integrity and collaboration while enjoying a comprehensive benefits package, including health care, paid time off, and education reimbursement.

Benefits

Health Care

Vision Insurance

Dental Insurance

401k with Employer Match

Work-from-Home Options

Paid Parental Leave

Employee Discounts

Paid Time Off

Holidays

Education Reimbursement

Qualifications

• 1+ years of credit risk analytics experience in financial services.
• Strong programming skills in Python for statistical model development.

Responsibilities

• Analyze origination risk factors and recommend improvements in lending policies.
• Monitor credit performance data for trends and generate actionable insights.

Skills

Credit Risk Analytics

Data Analysis

Statistical Modeling

SQL

Python

Education

Bachelor's Degree in Mathematics

Graduate Degree in Quantitative Finance

Tools

SAP Business Objects

Tableau

Job description

In this role, you will develop and review credit policies and strategies, as well as data and analytical frameworks for loan origination and loss forecasting. You will review relevant data to identify the quantitative and qualitative factors driving credit risk for consumer and mortgage loans. Additionally, you will perform evaluation, implementation, and monitoring of third-party and in-house scoring solutions, conduct model and strategy testing, and assist with audit/regulatory requests. Collaboration with teams such as Lending, Loan Servicing, Marketing, Finance, and Data Science is essential to improve credit outcomes at Alliant.

Responsibilities

• Analyze origination risk factors and recommend or implement improvements in underwriting criteria, lending policies, standards, and loan product pricing to increase loan volumes within Alliant’s risk appetite.
• Prepare data for quarterly mortgage and fintech loan portfolio performance analysis from third-party sources.
• Provide data and analytics support to assess risks related to new and enhanced lending products and potential loan trading transactions.
• Assess analytics including economic capital analysis, credit loss modeling and mitigation, and CECL implementation.
• Prepare supporting information and present findings to management.
• Monitor and review credit performance data for trends and generate actionable insights.

Education

• Bachelor's Degree in Mathematics, Statistics, Quantitative Finance, Engineering, Economics, or a related field - Minimum requirement.
• Graduate Degree in the same fields - Preferred.

Years of Experience

• At least 1 year of experience in credit risk analytics within financial services - Minimum.
• Knowledge of credit loss calculation and stress testing processes (e.g., CECL, CCAR, DFAST).
• Programming skills for developing statistical models, preferably in Python or related languages.
• Experience with relational databases, SQL, and reporting tools like SAP Business Objects or Tableau.

In Lieu of Education

• 5 years of relevant experience in credit risk analytics within financial services.

Compensation & Benefits

Typical range: $76,500 - $108,050 annually, based on experience, skills, and knowledge. Includes an annual performance bonus, health care, vision, dental, 401k with employer match, work-from-home options, paid parental leave, employee discounts, paid time off, holidays, and education reimbursement. Eligibility and costs vary based on employment status and hours.

All transactions must comply with the Bank Secrecy Act, applicable laws, and company policies. Maintaining integrity and ethics in all interactions and ensuring confidentiality and privacy are paramount. The listed responsibilities are not exhaustive and may change as needed.