Sr. Risk Analyst

Cortex•Irving, TX

12h•Hybrid

About The Position

Cortex Management LLC d/b/a Cortex seeks Sr. Risk Analysts in Irving, TX. This role involves establishing, maintaining, and revising underwriting strategies through statistical and data mining analyses. The analyst will understand various statistical techniques, establish and analyze Key Performance Indicators (KPIs) related to portfolio profitability, and develop portfolio review materials. Communication of key trends and portfolio health to senior management and credit committees is essential. The role also includes recommending optimal product parameters, coordinating with internal business teams for strategy implementation, and participating in devising long-term portfolio strategies. A significant part of the role involves developing and presenting findings from portfolio tests to optimize consumer strategy, maximize unit economics, reduce defaults, and increase portfolio scale.

Requirements

Master’s degree in Statistics, Business Analytic, Operations Research, or a related field
2 years of related experience
2 years of experience in highly quantitative roles developing and recommending strategies using quantitative methods and justification
2 years of experience utilizing statistical techniques including decision tree, logistic regression, hypothesis testing
2 years of experience in Financial Services, Risk Management, or Lending
2 years of experience with SAS or R or Python or SQL, and Excel

Nice To Haves

Understand statistical techniques including linear/logistic regression, CART, and CHAID.

Responsibilities

Establish, maintain, and revise underwriting strategies by conducting statistical and other data mining analyses on data including portfolio history, credit & alternate data and credit & fraud models developed by decision sciences team.
Establish, maintain, and analyze various Key Performance Indicators that reflect the unit economics and underlying portfolio profitability including Revenue & Yield rates, Charge-offs and loss rates, Recovery, Customer Acquisition Costs (CAC).
Develop portfolio review materials on a periodic basis that captures key trends against benchmarks and analyze respective variance.
Communicate to senior management and other credit committee members the key trends and general portfolio health.
Analyze and recommend optimal product parameters including loan amounts, interest rates and term based on target economics and performance metrics.
Co-ordinate with the internal business teams including marketing, product, decision sciences, and technology teams to implement the relevant portfolio strategies including marketing and underwriting strategies, credit policy and loss mitigation strategies.
Co-ordinate and participate in devising long term portfolio strategies with the credit, marketing, product and loss mitigation teams.
Develop testing framework, expectations on key metrics and analyze/measure against the key metrics, portfolio tests typically include loan offers, underwriting strategies, account management strategies including credit line increases, loan refinance and amendment programs.
Present findings and make recommendations to Credit committee and portfolio management teams.
Developing strategies to optimize consumer strategy, primarily marketing and risk strategies with the intent to maximize unit economics, reduce defaults (losses) and increase the scale of the portfolio.