Principal Credit Risk Analyst

Alliant Credit Union•Chicago, IL

6h•Hybrid

About The Position

In this hybrid role based at our Chicago Headquarters, you will provide data-driven insights and recommendations for the effective management of the risk-return trade-off across consumer lending portfolios such as credit cards, personal loans, auto loans, etc.. Lead significant workstreams and initiatives leveraging data and analytics. Build productive and constructive relationships with key partners across different functions including but not limited to business line managers, finance, compliance. Drive the development of analytical frameworks and strategies for loan origination, loss forecasting, capital planning and CECL. Analyze data to identify the quantitative and qualitative factors driving the credit risk for consumer & mortgage loans.

Requirements

Graduate Degree in Mathematics, Statistics, Quantitative Finance, Financial Engineering, Computer Science or related
6 Years of Analytics, Credit Risk or related

Nice To Haves

10 years of Analytics, Credit Risk or related (in lieu of education)

Responsibilities

Use data and analytics to develop analytical frameworks and strategies for loan origination strategies, loss forecasting, capital planning and CECL.
Analyze origination risk factors and recommend improvements in underwriting criteria and loan product pricing to increase loan volumes within the risk appetite.
Review and monitor credit risk for existing accounts in open-ended lending products such as credit card, HELOCs, etc., and recommend line management strategies.
Support new data acquisition and guide less experienced analysts and other functional areas on current data intricacies.
Conduct third-party quarterly mortgage & consumer loan portfolio performance analysis.
Provide thought leadership and rule recommendations for loan origination system implementation and maintenance.
Assess the risk-adjusted profitability (NPV) of new originations across the portfolios managed.
Drive analytical projects of high complexity from inception to completion and provide guidance to less experienced analysts on specific projects.
Ensure effective communication with management and key stakeholders from other functional areas.
Complete credit risk analytics, which includes but is not limited to loan origination strategy, economic capital setting, credit loss modeling and mitigation, CECL implementation
Partner with other areas such as Loss Prevention & Recovery to enable sound collection strategies.
Collaborate with database administration to streamline two-way communication to ensure data quality.
Query the data warehouse and other databases 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.
Evaluate, implement, and monitor internally developed or third-party scoring solutions.
Present recommendations and findings to management
Develop 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.