Principal Credit Risk Analyst

Essential Responsibilities

• Use data and analytics to develop analytical frameworks and strategies for loan origination strategies, loss forecasting, capital planning and CECL.
• Analyze origination risk factors and recommend improvements in underwriting criteria and loan product pricing to increase loan volumes within the risk appetite.
• Review and monitor credit risk for existing accounts in open-ended lending products such as credit card, HELOCs, etc., and recommend line management strategies.
• Support new data acquisition and guide less experienced analysts and other functional areas on current data intricacies.
• Conduct third-party quarterly mortgage & consumer loan portfolio performance analysis.
• Provide thought leadership and rule recommendations for loan origination system implementation and maintenance.
• Assess the risk-adjusted profitability (NPV) of new originations across the portfolios managed.
• Drive analytical projects of high complexity from inception to completion and provide guidance to less experienced analysts on specific projects.
• Ensure effective communication with management and key stakeholders from other functional areas.
• Complete credit risk analytics, which includes but is not limited to loan origination strategy, economic capital setting, credit loss modeling and mitigation, CECL implementation.
• Partner with other areas such as Loss Prevention & Recovery to enable sound collection strategies.
• Collaborate with database administration to streamline two-way communication to ensure data quality.
• Query the data warehouse and other databases 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 other departments for project implementation.
• Evaluate, implement, and monitor internally developed or third-party scoring solutions.
• Present recommendations and findings to management.
• Develop 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.

Qualifications

• Minimum - Graduate Degree in Mathematics, Statistics, Quantitative Finance, Financial Engineering, Computer Science or related
• Minimum - 6 Years of Analytics, Credit Risk or related
• In Lieu of Education - 10 years of Analytics, Credit Risk or related

Compensation & Benefits

• Typical hiring range: $119,400.00 to $204,600.00 Annually.
• Actual compensation will be determined using factors such as experience, skills & knowledge.
• Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match including: Annual performance bonus, Work from home up to 3 days a week, Paid parental leave, Employee discount programs, Time off including paid personal and sick days, 11 paid holidays.
• Education reimbursement*

Company Information

• Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.
• Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act.
• Ensures compliance with all applicable state and federal laws, company procedures and policies.
• Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.