Credit Risk Model Manager

1 week ago


Chicago, IL, United States Selby Jennings Full time
Responsibilities
  • Lead the analysis and monitoring of credit risk trends and exposures related to loan and investment portfolios.
  • Develop and maintain credit risk models (e.g., prepayment, default, loss), including setting assumptions, calibrating models, and monitoring performance.
  • Design and improve analytical frameworks to evaluate credit enhancement adequacy.
  • Conduct back-testing and benchmarking to assess model effectiveness and recommend updates.
  • Oversee scenario analysis and stress testing to evaluate portfolio risks under varying economic conditions.
  • Perform credit assessments of counterparties based on financial health and creditworthiness.
  • Collaborate with internal and external stakeholders to enhance model accuracy and ensure regulatory compliance.
  • Drive process optimization using advanced data tools and automation.
  • Foster strong partnerships across internal teams (e.g., finance, legal, operations) and external entities (e.g., regulators, vendors).
Qualifications:
  • Bachelor's degree in a quantitative or finance-related field; Master's degree preferred.
  • Deep understanding of the mortgage industry
  • Minimum of 5 years of experience in finance, data analytics, or modeling.
  • At least 2 years of experience managing teams.
  • Familiarity with mortgage underwriting and servicing is desirable.
  • Experience in predictive modeling and algorithm development is preferred.
  • Proficiency in SQL, Python, and R.
  • Skilled in business intelligence tools such as Tableau and Alteryx.
  • Strong understanding of credit risk, fixed income, and statistical modeling.
  • Knowledge of regulatory frameworks and model governance.
  • Proven leadership in developing analytical teams and managing performance.
  • Excellent analytical, communication, and problem-solving skills.
  • Collaborative mindset with strong stakeholder engagement capabilities.

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