Lead Credit Risk Analyst

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In this role, you will develop and review credit policies and strategies as well as data and analytical frameworks that are used for loan origination, loss forecasting, capital planning and CECL. Formulate credit policy and strategies and review the relevant data to identify the quantitative and qualitative factors driving the credit risk for consumer & mortgage loans. Lead evaluation, implementation and monitoring of third-party and in-house scoring solutions. Perform model and strategy testing and assisting with audit/regulatory requests. Act as a key contributor to the success of the team by working cross-functionally with other teams such as Advanced Analytics, Lending, Loan Servicing, Marketing, Finance, and Data Service teams. Prepare underwriting and account management presentations to management for review and implementation.

Responsibilities

• Analyze origination risk factors and recommend and/or implement improvements in underwriting criteria, lending policies and standards, and loan product pricing to increase loan volumes within the risk appetite.
• Review and monitor credit risk for credit card, and recommend and/or 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 mortgage & consumer loan portfolio performance analysis.
• Provide support and rule recommendations for loan origination system implementation and maintenance.
• Collaborate with other departments such as Lending, and Marketing to assess risk with respect to future new and enhanced lending products as well as potential loan trading transactions.
• Complete credit risk analytics including but not limited to economic capital analysis, credit loss modeling and mitigation, CECL implementation.
• Partner with other areas such as 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 using tools such as 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 other departments for project implementation.
• Work with the other teams such as Advanced Analytics to design and build predictive models using tools such as 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.

Education

• Graduate Degree - Mathematics, Statistics, Quantitative Finance, Engineering, Computer Science, Business, Finance, Business Analytics, Data Science or related - Minimum

Years of Experience

• 2 Years - Credit risk, analytics or related - Minimum

In Lieu Of Education

• 5 Years - Credit Risk, Analytics or related with Bachelors Degree in Mathematics, Statistic or related
• 8 Years - Credit Risk, Analytics or related with High School certificate

Compensation & Benefits

Typical hiring range: $99,200 - $140,100 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.

Additional Compensation: Annual performance bonus

Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match.

Additional Benefits

• 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
• 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.

The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.