Exciting Opportunity: Join Us as a Credit Risk Modeler!

Credit Risk Modeler - Contract to Hire

Are you a quantitative model development expert with a passion for credit risk assessment? Join our team and make a significant impact! We are seeking a skilled Credit Risk Modeler for a 3–6-month contract-to-hire position.

Employment Type: Contract (3-6 months, potential for permanent hire)

Location: Preferably local to Buffalo, NY, Bridgeport, CT, or NYC with 3 days onsite per week. Open to remote with travel for the right candidate.

Role Description:

Quantitative Model Development:

• Lead the development of models for predicting loan delinquency, defaults, losses, prepayment, and utilization.
• Develop deposit attrition models and financial instrument valuation methods for capital planning, Allowance for Credit Losses (ACL), and underwriting.

Data Analysis and Management:

• Manage and analyze large datasets related to loans, deposits, and financial information.
• Use statistical techniques to develop econometric models that enhance understanding of customer behavior and bank operations.
• Ensure models are contextually appropriate for the bank's data and business environment.

Model Implementation:

• Support the full development lifecycle using agile methodologies.
• Implement models using advanced coding tools and data science platforms.
• Execute models in a production environment and communicate outcomes to stakeholders.
• Monitor and refine models for accuracy and effectiveness.

Documentation and Compliance:

• Maintain comprehensive model documentation, including process descriptions and performance monitoring guidelines.

Cross-Departmental Collaboration:

• Provide expert financial analysis and data support across departments.
• Collaborate with Model Risk Management teams for model validation.
• Serve as a quantitative risk management expert within the bank.

Mentorship and Guidance:

• Mentor and guide less experienced team members in data analysis, financial modeling, and predictive model development.

Requirements:

Educational Background:

• Bachelor's degree with at least 6 years of experience in quantitative behavioral modeling.
• Alternatively, a combination of at least 10 years of higher education and/or work experience, including a minimum of 6 years in quantitative behavioral modeling.

Technical Expertise:

• At least 6 years of experience with statistical software such as SAS, Python, Stata, or R.

Data Management Skills:

• Minimum of 6 years of experience in data management environments, specifically using tools like SQL Server Management Studio.

Analytical and Communication Skills:

• Minimum of 6 years of experience analyzing large datasets and communicating results through written and verbal communication, and visual representations.

If you are ready to leverage your quantitative modeling expertise to drive impactful results in credit risk assessment, we want to hear from you!

Apply now to join our dynamic team!