Credit Risk Modeling Manager

Join Our Team

Summary

The Credit Risk Modeling Manager will oversee the implementation and maintenance of credit risk models for the credit union to ensure compliance with regulatory requirements and support strategic decision-making processes. Responsible for specialized credit risk analysis, the related monthly CECL production process for calculating and reporting the allowance for credit losses as well as executing the credit stress testing process. The role will evolve in leading the production components of monthly allowance run. Understands loss forecasting models and communicates to stakeholders the drivers of credit risk and credit losses. Provides advanced analytical expertise to manage validation, monitoring, reporting and documentation of the process.

Qualifications & Education

• Bachelor’s degree in finance, economics, or related field required
• Minimum four years experience in financial analysis required
• Experience in financial services industry along with working with financial systems preferred
• Data management experience, including ability to perform statistical analysis and mine large data sets preferred
• Knowledge of lending products preferred
• Basic knowledge in Python fundamentals preferred
• Statistical analysis and quantitative techniques
• Able to document procedures and process flows
• Good analytical and problem-solving skills
• Effective communication and writing skills
• Highly attentive to details, while being able to work under pressure and deliver timely and accurate results

Job Duties

• Perform the production process of the monthly Current Expected Credit Loss (CECL) estimation using 3rd party vendor application including data validation. Leverage Python as a tool to generate loss metrics. Ability to run existing Python scripts monthly to support reporting.
• Monitor and report on credit risk exposures and trends. Provide recommendations to mitigate potential credit risks.
• Work with senior staff to prepare monthly CECL results and detailed monthly report alongside additional executive reports for presentation in ALCO.
• Responsible for business analysis for model improvements and updates in the application and work with senior staff for review and rollout.
• Perform model back testing, sensitivity analysis and scenario analysis along with providing support to address model validation findings.
• Provide analytical support for model validation, business reviews, audit reviews and ad-hoc requests.
• Able to analyze large data sets leveraging credit risk analytics platform to review loan pools.
• Drive automation and continuous improvement of existing processes.
• Support development of a robust and consistent control framework that is established to meet the expectations of auditors/regulators.
• Support the Treasury team in other functions as required.
• Performs other duties as assigned by supervisor.

Benefits of Joining the Teachers Team:

We provide a competitive compensation and benefits package that includes, but is not limited to:

• This position is eligible for our annual discretionary bonus program. Some positions within the credit union also qualify for quarterly performance incentives
• Paid time off for vacation, personal days, and holidays
• 401(k) company contribution
• Teachers pays 100% of Dental & Vision premium
• Tuition reimbursement is offered to full-time employees
• Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers