Credit Risk Model Manager

Responsibilities

• Lead the analysis and monitoring of credit risk trends and exposures related to loan and investment portfolios.
• Develop and maintain credit risk models (e.g., prepayment, default, loss), including setting assumptions, calibrating models, and monitoring performance.
• Design and improve analytical frameworks to evaluate credit enhancement adequacy.
• Conduct back-testing and benchmarking to assess model effectiveness and recommend updates.
• Oversee scenario analysis and stress testing to evaluate portfolio risks under varying economic conditions.
• Perform credit assessments of counterparties based on financial health and creditworthiness.
• Collaborate with internal and external stakeholders to enhance model accuracy and ensure regulatory compliance.
• Drive process optimization using advanced data tools and automation.
• Foster strong partnerships across internal teams (e.g., finance, legal, operations) and external entities (e.g., regulators, vendors).

Qualifications:

• Bachelor's degree in a quantitative or finance-related field; Master's degree preferred.
• Deep understanding of the mortgage industry
• Minimum of 5 years of experience in finance, data analytics, or modeling.
• At least 2 years of experience managing teams.
• Familiarity with mortgage underwriting and servicing is desirable.
• Experience in predictive modeling and algorithm development is preferred.
• Proficiency in SQL, Python, and R.
• Skilled in business intelligence tools such as Tableau and Alteryx.
• Strong understanding of credit risk, fixed income, and statistical modeling.
• Knowledge of regulatory frameworks and model governance.
• Proven leadership in developing analytical teams and managing performance.
• Excellent analytical, communication, and problem-solving skills.
• Collaborative mindset with strong stakeholder engagement capabilities.