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Credit Risk Analyst

Description

Start a Rewarding Career with Alliant

Why Alliant?

We’re not a typical financial institution – we’re better. We’re an innovative, fun-loving, highly-engaged group of professionals that are committed to our company and the communities we do business in. We love to recognize and celebrate each other.


Over 90% of our employees say we are a great workplace that is focused on our mission, vision and the future of banking.

 

What will your day look like?

You will be responsible for analyzing internal and external factors for the consumer & mortgage loan portfolios with respect to metrics such as delinquency and loss frequency/severity, querying corporate databases and generating reports, evaluating, implementing, and monitoring third-party and in-house scoring solutions, recommending rule changes and providing support for advanced decision management software, and assisting with audit/regulator requests. Work involves interaction with various departments, preparation of analysis summaries, and effective presentations to internal clients. Resources to do the job require reliance on knowledge of consumer loan products and knowledge of some of the following: credit risk concepts, lending, collections, regulatory requirements, and reporting.


Responsibilities

Do you see yourself doing this?

  • Model, review and monitor the credit risk across the consumer loan portfolios  
  • Support new data acquisition and consult other functional areas on current data intricacies
  • Provide monthly updates for the loan portfolio performance reporting package, including but not limited to origination quality, delinquency, and loss metrics
  • Prepare data for third-party quarterly mortgage & consumer loan portfolio performance analysis
  • Partner with Lending, Marketing, and other departments to assist in assessing risk with respect to future new and enhanced lending products
  • Develop, enhance and implement loss forecasting and credit risk models for consumer and mortgage loans
  • Query the Data Warehouse and other databases with SAP Business Objects/SQL Server Management Studio to extract, summarize, and save relevant data
  • Build rapport with Database Administration to streamline two-way communication to ensure data quality
  • 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

Requirements

What makes you a great fit?

You’ll be a great fit if in addition to the completion of a Bachelor’s degree in Finance, Mathematics, Statistics, Economics, or other related field (Master’s degree preferred), 3+ years of risk analysis experience in the financial services industry, preferably in consumer & mortgage lending, and you have:

  • Proficiency in languages used for data manipulation and statistical analysis e.g. SAS/R/Python/SQL
  • Knowledge of credit risk modeling (PD, LGD, EAD), experience on ALLL/CECL/DFAST/CCAR etc. is a plus
  • Experience with relational databases and SQL syntax preferred.
  • Strong organizational, communication, collaborative, and consultative skills
  • Ability to successfully present complex analyses to internal customers with different technical backgrounds

When you’re happy, we’re happy!

As a thank you for joining our team, you’ll benefit from:

  • Competitive medical, dental, and free vision benefits
  • Competitive compensation plan
  • Contributions towards gym memberships
  • Generous PTO and banking holidays off

Still not convinced?

We’re on the list of 100 Best Medium Companies to work for, check it out here. For more details you can also visit our Glassdoor and LinkedIn profiles.

Job Snapshot

Location US-IL-Rolling Meadows
Employment Type Full-Time
Pay Type Year
Pay Rate N/A
Store Type Finance, Accounting
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Company Overview

Alliant Credit Union

As an Alliant Credit Union member, you will benefit from: High dividend payouts, much higher than from a bank. Superior, personal service. Easy to use products and services. That's because your savings account represents a share in ownership. Simply put, we are owned and operated by members. Unlike publicly-held financial institutions, Alliant is a not-for-profit cooperative, so our members are the shareholders. For more information, please visit: http://www.alliantcreditunion.org/ Learn More

Contact Information

US-IL-Rolling Meadows
Snapshot
Alliant Credit Union
Company:
US-IL-Rolling Meadows
Location:
Full-Time
Employment Type:
Year
Pay Type:
N/A
Pay Rate:
Finance, Accounting
Store Type:

Description

Start a Rewarding Career with Alliant

Why Alliant?

We’re not a typical financial institution – we’re better. We’re an innovative, fun-loving, highly-engaged group of professionals that are committed to our company and the communities we do business in. We love to recognize and celebrate each other.


Over 90% of our employees say we are a great workplace that is focused on our mission, vision and the future of banking.

 

What will your day look like?

You will be responsible for analyzing internal and external factors for the consumer & mortgage loan portfolios with respect to metrics such as delinquency and loss frequency/severity, querying corporate databases and generating reports, evaluating, implementing, and monitoring third-party and in-house scoring solutions, recommending rule changes and providing support for advanced decision management software, and assisting with audit/regulator requests. Work involves interaction with various departments, preparation of analysis summaries, and effective presentations to internal clients. Resources to do the job require reliance on knowledge of consumer loan products and knowledge of some of the following: credit risk concepts, lending, collections, regulatory requirements, and reporting.


Responsibilities

Do you see yourself doing this?

  • Model, review and monitor the credit risk across the consumer loan portfolios  
  • Support new data acquisition and consult other functional areas on current data intricacies
  • Provide monthly updates for the loan portfolio performance reporting package, including but not limited to origination quality, delinquency, and loss metrics
  • Prepare data for third-party quarterly mortgage & consumer loan portfolio performance analysis
  • Partner with Lending, Marketing, and other departments to assist in assessing risk with respect to future new and enhanced lending products
  • Develop, enhance and implement loss forecasting and credit risk models for consumer and mortgage loans
  • Query the Data Warehouse and other databases with SAP Business Objects/SQL Server Management Studio to extract, summarize, and save relevant data
  • Build rapport with Database Administration to streamline two-way communication to ensure data quality
  • 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

Requirements

What makes you a great fit?

You’ll be a great fit if in addition to the completion of a Bachelor’s degree in Finance, Mathematics, Statistics, Economics, or other related field (Master’s degree preferred), 3+ years of risk analysis experience in the financial services industry, preferably in consumer & mortgage lending, and you have:

  • Proficiency in languages used for data manipulation and statistical analysis e.g. SAS/R/Python/SQL
  • Knowledge of credit risk modeling (PD, LGD, EAD), experience on ALLL/CECL/DFAST/CCAR etc. is a plus
  • Experience with relational databases and SQL syntax preferred.
  • Strong organizational, communication, collaborative, and consultative skills
  • Ability to successfully present complex analyses to internal customers with different technical backgrounds

When you’re happy, we’re happy!

As a thank you for joining our team, you’ll benefit from:

  • Competitive medical, dental, and free vision benefits
  • Competitive compensation plan
  • Contributions towards gym memberships
  • Generous PTO and banking holidays off

Still not convinced?

We’re on the list of 100 Best Medium Companies to work for, check it out here. For more details you can also visit our Glassdoor and LinkedIn profiles.

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