Credit Risk Assessment Specialist

2 weeks ago


Chicago, Illinois, United States Alliant Credit Union Full time

Position Overview:
As a Credit Risk Assessment Specialist, you will be responsible for developing and evaluating credit policies and strategies, along with analytical frameworks for loan origination and loss forecasting.

Key Responsibilities:
- Analyze relevant data to identify both quantitative and qualitative factors influencing credit risk for consumer and mortgage loans.
- Conduct evaluations, implementations, and monitoring of both third-party and in-house scoring solutions.
- Engage in model and strategy testing while assisting with audit and regulatory inquiries.

Cross-Functional Collaboration:
Work collaboratively with various teams including Advanced Analytics, Lending, Loan Servicing, Marketing, Finance, and Data Services. Prepare presentations for management regarding underwriting and account management.

Risk Analysis and Recommendations:
- Analyze origination risk factors and propose enhancements in underwriting criteria, lending policies, and loan product pricing to optimize loan volumes within acceptable risk parameters.
- Monitor credit risk for credit cards and recommend strategies for line management, pricing, and authorization.

Data Preparation and Support:
- Prepare data for quarterly performance analysis of mortgage and consumer loan portfolios.
- Provide analytical support for assessing risks associated with new and enhanced lending products and potential loan trading transactions.

Analytics and Reporting:
- Assess analytics, including economic capital analysis and credit loss modeling.
- Utilize tools such as SAP Business Objects and Microsoft SQL Server Management Studio to query data warehouses and extract relevant data.
- Generate periodic reports for audit and regulatory compliance, while assisting with ad hoc requests.

Policy Development:
- Assist in formulating and revising credit policies and procedures to comply with new regulations.

Qualifications:
- Education: Bachelor's Degree in Mathematics, Statistics, Quantitative Finance, Engineering, Computer Science, or a related field is required. A Graduate Degree in the same fields is preferred.
- Experience: A minimum of 1 year in credit risk analytics within financial services is required. Alternatively, 5 years of relevant experience may substitute for formal education.

Benefits:
- Competitive medical, dental, and vision benefits.
- Paid parental leave.
- Competitive compensation package.
- Discounts on gym memberships.
- Generous paid time off and banking holidays.
- Tuition reimbursement.
- 401k plan with immediate employer match and vesting.

All activities must comply with the Bank Secrecy Act and applicable state and federal laws, ensuring integrity and ethics in all interactions with credit union members.



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