Senior Associate, Credit Manager

Who You’ll Work With: The Senior Associate, Credit Manager will be part of a team focused on building the correspondent network sourcing channel and investment strategy for AB CarVal U.S. loan portfolios. This role will be responsible for assessing and managing credit risk associated with loan portfolios sourced through correspondent networks. The role includes monitoring credit quality, evaluating the credit worthiness of potential borrowers, analyzing financial data, and determining appropriate credit limits and terms. The role ensures compliance with credit policies and guidelines, monitoring portfolio performance. This role will also be responsible for communicating and partnering closely with other internal stakeholders across a range of AB CarVal residential strategies, sourcing channels and organizational functions. This position will report to the Director, Investment Operations. The role will be located in Minnesota. What You’ll Do: Responsible for creating and maintaining underwriting guidelines and credit criteria Develop and implement while collaborating with internal functions the mortgage originator onboarding and diligence process Partner to assess, manage, and monitor credit risk associated with loan portfolio sourced through correspondent networks. Evaluate creditworthiness of potential borrows by analyzing financial data, credit reports, and other relevant information. Partner to determine appropriate credit limits, terms, and conditions for investments. Collaborate closely with internal teams across various functions to ensure compliance with credit policies, guidelines, and regulatory requirements. Implement and maintain the due diligence review process of all loans sourced via the correspondent networks. On an ongoing basis, monitor portfolio performance and conduct regular credit reviews to identify potential risks and opportunities for improvement. Develop and implement risk mitigation strategies to protect the organization's interests and optimize investment returns. Develop and maintain quality control review process including direct communication with third party vendors to ensure compliance with requirements. Provide insights and recommendations to support decision‑making related to investment opportunities and portfolio management. Communicate regularly with senior management and internal stakeholders to provide updates Continuously improve credit risk assessment processes and procedures. What We’re Looking For: Required Bachelor’s degree in accounting, finance, economics, business, or related field 5+ years of experience in credit risk management in the mortgage or banking industries. Knowledge of credit analysis techniques, scoring models, and risk assessment methodologies. Demonstrated strong analytic skills and the ability to evaluate financial data. Demonstrated experience with regulatory and compliance standards. Demonstrated proficiency in Microsoft Excel including financial modeling and analysis Demonstrated excellent oral and written communication skills. Demonstrated organization and detail orientation skills. Who We Are: AB CarVal is an established global alternative investment manager and part of AllianceBernstein’s Private Alternatives business. Since 1987, AB CarVal’s team has navigated through ever-changing credit market cycles, investing $155 billion in 5,850 transactions across 82 countries. Today, AB CarVal has approximately $20 billion in assets under management. The firm has a 38-year history, strong track record and an established reputation in asset-based finance with a team of approximately 74 investment professionals in the US, Europe and Asia. A key differentiator is the firm’s robust global network of established relationships with operating platforms and partners. Our culture of intellectual curiosity and collaboration creates an environment where you can thrive and do your best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to our clients, we are fully invested in you. If you're ready to challenge your limits and empower your career, join us! In accordance with applicable law, the minimum and maximum base annual salary for this role is as follows: Base Salary Range: $110,000 to $155,000. Actual base salaries may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors. Base salary is just one component of total compensation at AB CarVal, which may include, depending on eligibility, commissions, year-end incentive compensation, short- and long-term incentives and Department‑specific awards. Benefits: health insurance coverage an employee wellness program life and disability insurance a retirement savings plan paid holidays sick and vacation time off AB does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, marital status, citizenship status, sexual orientation, gender identity, military or veteran status or any other basis that is prohibited by applicable law. AB’s policies and practices seek to ensure that employment opportunities are available to all employees and applicants based solely on job‑related criteria. Minneapolis, Minnesota We are a leading global investment management firm offering high-quality research and diversified investment services to institutional clients, retail investors, and private-wealth clients in major markets around the globe. With over 4,000 employees across 51 locations operating in 25 countries and jurisdictions, our ambition is simple: to be the most trusted investment firm in the world. We realize that it's our people who give us a competitive advantage and drive success in the market, and our goal is to create an inclusive culture that rewards hard work. Our culture of intellectual curiosity and collaboration creates an environment where you can thrive and do your best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to our clients, we are fully invested in you. If you're ready to challenge your limits and empower your career, join us! AB does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, marital status, citizenship status, sexual orientation, gender identity, military or veteran status or any other basis that is prohibited by applicable law. AB’s policies, as well as practices, seek to ensure that employment opportunities are available to all employees and applicants, based solely on job‑related criteria. #J-18808-Ljbffr AllianceBernstein L.P.