Credit Model Developer

Location: On site in Birmingham, AL; Memphis, TN; Chattanooga, TN; Charlotte, NC Overview Support the Credit Risk Models Team with the development, testing, implementation, monitoring, documentation, and maintenance of all credit risk models. These models are used for a variety of activities, including CECL, stress testing, loss forecasting, origination, portfolio management, and economic capital. Responsibilities include sourcing, cleaning, and transforming data; researching applicable methods; training and testing a variety of specifications; documenting all facets of the development process; implementation of models and related logic in production systems; assessing outputs across different levels of inputs (sensitivity analysis and scenario analysis); back‑testing and ongoing performance monitoring; and communicating aspects of the model and its application to non‑technical stakeholders. The Credit Model Developer II can work independently most of the time and is familiar with some or all of the use cases. Essential Duties and Responsibilities Develop and apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data sets from multiple sources to develop credit risk models for CECL, stress testing, scorecards, economic capital, or other credit risk–related initiatives. Derive model assumptions that are well reasoned and supportable. Implement models in code in a transparent and easily maintainable way. Comprehensively and clearly document all modeling or analysis work that meets internal, GAAP, and regulatory requirements; translate model theory and related results for non‑quantitative audiences. Develop and support strong controls for the model implementation framework and maintain related documentation. Support independent model validation process, internal and external audits, and regulatory reviews. Interact with model owner/users, validators, and regulators to address model issues and remediation actions. Interact with key stakeholder groups such as Accounting, Treasury, Credit, Lines of Business, Model Risk Management, and Enterprise Technology in the design, development, and ongoing usage of models. Monitor the performance and calibration of existing models. Additional Responsibilities Work on various ad hoc quantitative, modeling, and programming assignments. Qualifications PhD or Master’s degree in Statistics, Econometrics, Mathematics, or a related quantitative field. A Bachelor’s degree in a quantitative field with additional certifications or experience may be considered. Minimum 3 years of model development or validation experience. Advanced quantitative statistical modeling skills (Regression, Time Series, Survival Analysis, Markov Chain, etc.). Experience with Python and SQL. Strong analytical and critical thinking skills with high attention to detail and accuracy. Excellent verbal, written, and interpersonal communication skills. Preferred Experience 5 or more years of model development or validation experience, particularly in credit risk or stress testing. Working knowledge of Python, R, SAS, and SQL. Knowledge of Git‑based machine learning operations practices in the cloud (MLOps). Working knowledge of GAAP, Basel III, Dodd‑Frank Act Stress Testing, CCAR, and bank accounting/regulatory reporting requirements. Ability to clearly articulate, in writing or orally, ideas, analytic insights, and recommendations to both technical and non‑technical audiences, including an executive audience. Ability to use advanced statistical and mathematical software to perform descriptive, predictive, and prescriptive analysis leveraging a variety of statistical techniques. Strong problem‑solving and research abilities. Computer and Office Equipment Skills Knowledge of Python, R, SAS, or SQL. Proficiency in Microsoft Office with advanced experience in Excel. Familiarity with software version control systems, such as Git. Benefits Medical with wellness incentives, dental, and vision. HSA with company match. Maternity and parental leave. Tuition reimbursement. Mentor program. 401 k with 6% match. Equal Opportunity Employer Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor. #J-18808-Ljbffr First Horizon Bank