Salary Mid-Point: $125,000
Location: Chicago IL
Job Type: Permanent
Sr. Credit Risk Analyst

IFG's client is a Top Chicagoland Workplace. The Senior Credit Analyst will be responsible for developing and reviewing credit policies and strategies.  They are the industry leader in the financial services space in which they operate, so industry experience is required due to complex regulations.

 

Job Description:
  • Analyze origination risk factors and recommend/implement improvements in underwriting criteria, lending policies and standards, and loan product pricing to increase loan volumes within the risk appetite
  • Review and monitoring credit risk for credit products (credit cards, personal loans, real estate loans, auto loans, etc.), and recommend/implement line management, pricing and authorizations strategies
  • Support new data acquisition and consult less experienced analysts and other functional areas on current data architecture
  • Prepare data for third-party quarterly mortgage & consumer loan portfolio performance analysis
  • Provide support and rule recommendations for loan origination system implementation and maintenance
  • Collaborate with Lending, Marketing, and other departments to assess risk with respect to future new and enhanced lending products as well as potential Loan Trading Desk transactions
  • Credit risk analytics including but not limited to economic capital analysis, credit loss modeling and mitigation, CECL implementation
  • Partner with Loss Prevention & Recovery to enable sound collection strategies as well as delinquency reporting
  • Build rapport with Database Administration to streamline two-way communication to ensure data quality
  • Query the Data Warehouse and other databases with SAP Business Objects / Microsoft SQL Server Management Studio to extract, summarize, and save relevant data
  • Drive improvements in test set-up to more accurately assess effectiveness of proposed risk strategies and team up with Operations and other departments for project implementation
  • Work with the Advanced Analytics team to design and build predictive models in Python/R/SAS
  • Evaluate, implement, and monitor third-party scoring solutions
  • Prepare supporting information and present findings to management
  • Generate periodic reports for audit and regulatory compliance and assist with ad hoc requests
  • Help formulate and revise credit policies and procedures to address new regulations
Required/Preferred Experience:
  • Bachelor's in Finance related field is required
  • Master's preferred
  • Three or more years of credit risk/analytics experience in financial services/credit cards/loans
  • Understanding of credit loss calculation and stress testing process, such as CECL/CCAR/DFAST etc. preferred
  • Hands-on work experience on the credit risk modeling and risk measures (PD, LGD and EAD) preferred
  • Strong programming experience for developing statistical models, preferred in Python and/or R
  • Experience with relational databases and SQL syntax, hands-on with SAP BusinessObjects/Tableau reporting preferred

For consideration, please email your resume to ericmaleski@ifgpr.com