Sr. Risk Analyst

Cortex•Irving, TX

1d•Hybrid

About The Position

Cortex Management LLC d/b/a Cortex seeks Sr. Risk Analysts to establish, maintain, and revise underwriting strategies by conducting statistical and other data mining analyses. This role involves understanding statistical techniques, analyzing key performance indicators, developing portfolio review materials, and communicating findings to senior management. The analyst will also recommend optimal product parameters, coordinate with internal business teams, develop testing frameworks for portfolio strategies, and present recommendations to credit committees. The primary goal is to optimize consumer strategy, focusing on marketing and risk strategies to 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
Utilizing statistical techniques including decision tree, logistic regression, hypothesis testing
Experience in Financial Services, Risk Management, or Lending
Experience with SAS or R or Python or SQL, and Excel

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