Credit risk analyst job description

The Senior Credit Risk Model Analyst is responsible for conducting complex analyses of credit loss models including the design, development, validation, calibration, documentation, implementation, monitoring and reporting of such models. Monitors the performance and identifies process gaps or process improvements related to model development and application.

Ensures compliance with established Bank policies and procedures. Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: GLBA (Gramm-Leach-Bliley Act), Regulation Z (Truth in Lending Act), Regulation DD (Truth in Savings Act) Regulation B (Equal Credit Opportunity Act), Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd Frank Act), Elder Abuse Laws, Bank Secrecy Act in conjunction with the USA PATRIOT Act, Anti-Money Laundering and Customer Information Program, Right to Financial Privacy Act (state and federal) and Community Reinvestment Act.

1. Participates in maintaining, developing and implementing credit risk models for the use in allowance estimation based on the Current Expected Credit Loss (CECL) standard (includes design, development, validation, calibration, documentation, implementation, monitoring and reporting).

2. Provides expertise to build and improve quantitative and qualitative models for various allowance projects (including CECL, Discounted Cash Flow (DCF), Weighted Average Remaining Maturity (WARM), Probability of Default and Loss Given Default (PD/LGD) methodologies).

3. Identifies and addresses potential process gaps or process improvements related to model development and application. Effectively challenges the credit loss model’s conceptual soundness, assumptions, and appropriateness of model methodologies.

4. Compiles, analyzes, and resolves data errors/inconsistencies from various financial reporting systems.

5. Collaborates with business groups to develop effective modeling approaches to accurately represent the risks for practical business use.
6. Carries out regular model performance monitoring and produces comprehensive monitoring reports.
7. Supports ad hoc analytical projects, business analyses, and reporting.
8. Provides insight and guidance on modelling techniques and methodologies. Assists in mentoring other team members.
9. Reviews credit loss model documentation and procedures, recommending enhancements, and implementing improvements.
10. Supports analysis and reporting in stress testing models.
11. Keeps well-informed on current credit loss modelling techniques.
12. Works with data and technology departments to ensure lending and allowance data and reports are complete and accurate.
13. Compiles, analyzes, and reports on macroeconomic data used in the credit loss models.
14. Performs appropriate controls required by the Sarbanes-Oxley Act of 2002 (SOX) ensuring completeness and accuracy of credit loss model documentation, processes and results.
15. Performs special projects as required by senior management.
16. Assists in the preparation of any reports requested by other departments.
17. May train, delegate and oversee the work of coworkers who perform similar duties.
18. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
19. Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
20. Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
21. Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
22. Performs duties specific to the position and other functions as assigned.


MINIMUM REQUIREMENTS
These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.
• Bachelor's degree required, advanced degree preferred, with an emphasis in Finance, Accounting, Advanced or Applied Mathematics Statistics, or Economics; High School Diploma and 5 or more years of related experience and/or training. Work related experience must consist of a credit risk, allowance, CECL, or other lending/credit/banking related background. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
• Strong problem solving, analytical and decision making skills.
• Able to handle multiple transactions at once and work well in a team-oriented environment.
• Strong customer service skills, relationship development and management skills.
• Basic skills, advanced preferred, in computer terminal and personal computer operations; mainframe computer systems; word processing and spreadsheet software programs.
• Intermediate typing skills to meet production needs of the position.
• Basic math skills; ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.
• Good verbal, written and interpersonal communication skills, with the ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, and speak clearly to employees.
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
• Ability to work with no supervision while performing duties.
• Current driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.


We are an Equal Opportunity/Affirmative Action Employer. All applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status, or any other characteristic protected by law. We will consider all qualified applicants regardless of criminal histories, in a manner consistent with the requirements of all applicable state and local laws and regulations. Applicants must be currently authorized to work in the United States for any employer.

The Petal Mission

Petal's mission is to expand access to opportunity, by making responsible, modern financial services available to everyone. Founded in 2016, Petal provides technology-enabled credit cards to consumers who are historically underserved by mainstream providers.

Petal pioneered automated cash flow underwriting, a transformative new approach to assessing consumer creditworthiness with the potential to expand access to tens of millions of U.S. consumers without credit history, or for whom traditional credit scores do not tell the whole story. Petal pairs this groundbreaking, data-driven underwriting technology with a mobile-first, digitally native product experience designed to help users manage and build credit responsibly. For Petal, it's a mission as much as it is a business-with a goal to reimagine finance for the next generation of consumers.

At Petal, we're looking for people with kindness, positivity, and integrity. You're encouraged to apply even if your experience doesn't precisely match the job description. Your skills and potential will stand out-and set you apart-especially if your career has taken some extraordinary twists and turns. At Petal, we welcome diverse perspectives from people who think rigorously and aren't afraid to challenge assumptions.

The Credit Risk Analyst Role

We are working on revolutionizing credit through usage of personal cash flow in underwriting. Achieving this objective requires outstanding risk management. Risk touches the entire customer life cycle and we intend to provide a safe, seamless and industry-leading experience for our customers. We are pioneering cash-flow underwriting in the space and we have an opportunity to use an entirely new data source to deliver for customers and the business.
Key responsibilities:Develop insights and data visualizations to solve complex problems and communicate ideas to internal stakeholders.Extract and analyze data, investigate data integrity, generate metrics and perform ad hoc analysis.Partner with data engineers to validate & deploy solutions in an efficient, sustainable & usable manner.Explore and test new data sources to improve our decisioning.Design and execute acquisition, pricing, credit line tests.Build and execute performance reporting.Be a thought leader on the broader team for credit card customer experience.
Characteristics of a successful candidate:4+ years experience in credit risk management Strong knowledge of SQL, R and Python (preferred but not required) Strong self-management, drive, and organization Ability to multi-task in a fast-paced environment is essential Strong track record in working collaboratively Understanding of credit cards
We are an equal opportunity employer, and we are committed to building a team culture that celebrates diversity and inclusion. We're proud to be different, together.

For our California employment information privacy statement, please click here.

As the Credit & Risk Analyst, you will report to the Senior Manager, Accounting Operations. You will oversee the Credit function to ensure that credit terms extended to customers are aligned with the customer's risk profile and accounts are managed appropriately to minimize write-offs.
This position is 100% remote.

ResponsibilitiesControl bad debt exposure and expenses through direct management of credit terms of new and current customer accounts Collaborate with Sales and Legal to accommodate credit needs, mitigate credit risks, and establish process and timing for credit review and approval Monitor and manage Mission's own credit worthiness (e.g., Dun & Bradstreet); make updates to corporate information, dispute slow pays, and submit trade references Create and maintain company credit policy together with desktop procedures
Requirements4+ years of experience in assessing and evaluating credit Knowledge of commercial credit and collection laws Experience in establishing a credit policy that is integrated in the sales process Experience with using credit reporting tools and services (e.g., D&B, Capital IQ, Credit Suite, Creditsafe) Experience in meeting short deadlines and driving projects to completion with minimal supervision in a fast-paced, detail-oriented environment Experience negotiating terms with customers and sales teams Advanced knowledge of Microsoft Excel (e.g., VLOOKUP, HLOOKUP, SUMIFS, Pivot tables, CONCATENATE, Text to Columns, etc.) Experience maintaining confidentiality and handling sensitive financial information AWS Cloud Practitioner certification (achieved within 1 year of hire date)
Perks & BenefitsMedical, dental, and vision insurance for employees and their dependents with options for 100% company paid premiums 401(k) plan with company matching Profit sharing bonuses based on performance Flexible Spending Accounts (Health and Dependent Care) Life insurance paid by MissionPaid time off (Unlimited FlexPTO, parental leave, volunteering time off) Inclusive work environment with several Employee Resource GroupsFully distributed team with flexible work hours Home office expense benefit Cell phone stipend Flex stipend for use on cell phone, home internet, wellness, snacks, etc. It's up to you!Participation in Mission's Cash Incentive Unit Award program An internal department dedicated to helping team members on their career path
Commitment to Diversity

We are committed to diversity and inclusion. We value every individual's unique story, experience, and perspective. We aim to amplify the voices of our team members and our community to create a safe, empathetic, and inclusive environment where everyone can contribute one's authentic self.

Mission is an Equal Opportunity Employer and participant in the U.S. Federal E-Verify program. Mission will consider qualified applicants with criminal histories in a manner consistent with The Los Angeles Fair Chance Initiative for Hiring Ordinance.

About Mission Cloud Services

Mission is an Amazon Web Services (AWS) Premier Consulting Partner and MSP. Clients depend on us to expertly and securely architect, migrate, manage, and optimize their cloud environments.

Mission's team of AWS Certified Solutions Architects and DevOps Engineers are ready to help you harness the full power of the AWS cloud to transform your business and operations.