Credit Risk Analyst

About the Role

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by inclusion, talented peers, comprehensive benefits and career development opportunities. This role supports the broader risk governance frameworks, regulatory compliance, and strategic decision-making through quantitative analysis and reporting. The Risk Management function is dedicated to safeguarding the bank's assets and ensuring operational stability.

Qualified candidates must live in the Draper UT / Salt Lake City UT regional area to be considered (office-based position, not open to remote work).

Responsibilities

• Actively engage with Bank's lending and investing stakeholders to review and assess potential credit risks associated with lending portfolios, products, processes, and strategies.
• Perform ongoing assessment of the credit and financial strength of the commercial and consumer counterparts by performing fundamental credit analysis of counterparties using internal rating methodologies.
• Review loans on an individual and aggregate portfolio basis to determine potential risks, adherence to policy and procedures, and accuracy of risk ratings.
• Present findings and recommendations to senior leadership and answer questions relating to analysis performed; escalate issues to senior management.
• Assist in updating, implementing, and maintaining credit risk rating methodologies.
• Support senior leadership in partnering with broader business units to assess data availability, data sufficiency, and reporting needs for credit risk assessment.
• Perform broader sector analysis to assess industry fundamentals and portfolio trends.
• Conduct scenario analysis and sensitivity testing to quantify potential losses.
• Generate reports with early warning indicators, then review, assess, and propose rating action recommendations to senior leadership.
• Support internal audits and regulatory exams.
• Assist with development and enhancement of risk policies and underwriting standards.
• Partner with underwriting, finance, and product teams to assess new products and strategies.

Requirements

• Bachelor's degree in Finance, Accounting, Economics, Statistics, Engineering, or related field.
• 2+ years of consumer credit risk management or underwriting experience.
• 2+ years of experience with SQL, Python, R, or SAS.
• Must live in or be willing to relocate to the Draper UT / Salt Lake City UT Regional Area (onsite position).

Preferred Qualifications

• Credit risk experience in consumer or healthcare financing, fintech, bank, or other financial institution.
• Knowledge of credit life cycle (origination, portfolio management, collection), loan loss provisioning, and advanced credit risk analytics.
• Advanced proficiency in Microsoft Office PowerPoint (creating and executing presentations) and Excel (Financial Spreading, Pivot Tables, VLOOKUP, Advanced Formulas, Formatting, etc.).
• Proven ability to clearly communicate verbally and in writing.
• Proven ability to translate complex risk concepts into clear business insights.
• Proven attention to detail and strong problem-solving skills.
• Proven excellent interpersonal skills, including the ability to lead and collaborate with multiple teams.
• Proven ability to scope and lead a risk assessment or project from start to end and present results to stakeholders and senior leaders.
• Proven solid project management/organizational skills and the ability to manage multiple assignments concurrently across various stakeholders.
• Proven exposure to loan purchase programs, securitization, or warehouse lending.
• Proven background in model validation, governance, or audit support.

Benefits

• Comprehensive benefits package.
• Incentive and recognition programs.
• Equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements).

Pay

The salary for this role will range from $60,200 - $107,400 annually based on full-time employment. Pay is based on several factors including but not limited to local labor markets, education, work experience, and certifications.