In this role, you will develop and review credit policies and strategies as well as data and analytical frameworks for loan origination and loss forecasting. Review relevant data to identify the quantitative and qualitative factors driving the credit risk for consumer & mortgage loans. Perform evaluation, implementation and monitoring of third-party and in-house scoring solutions. Perform model and strategy testing and assist with audit/regulatory requests. Work cross-functionally with other teams such as Lending, Loan Servicing, Marketing, Finance, and Data Science to drive better credit outcomes for Alliant.
Responsibilities
- Analyze origination risk factors and recommend/implement improvements in areas such as underwriting criteria, lending policies and standards, and loan product pricing to increase loan volumes within Alliant's risk appetite.
- Prepare data for third-party quarterly mortgage & fintech loan portfolio performance analysis
- Provide data and analytics support to assess risk with respect to future new and enhanced lending products as well as potential loan trading transactions
- Assess analytics including but not limited to economic capital analysis, credit loss modeling and mitigation, CECL implementation
- Prepare supporting information and present findings to management
- Monitor and review credit performance data for trends and drive actionable insights
Education:
- Bachlors Degree - Mathematics, Statistics, Quantitative Finance, Engineering, Economics, or Related - Minimum
- Graduate Degree - Mathematics, Statistics, Quantitative Finance, Engineering, Economics or Related - Preferred
Years of Experience:
- 1 year - Experience in credit risk analytics within financial services - Minimum
- Knowledge of credit loss calculation and stress testing processes, such as CECL/CCAR/DFAST etc.
- Programming Knowledge for developing statistical models, preferred in Python and/or Related
- Knowledge of relational databases and SQL syntax, hands-on with SAP Business Objects/Tableau reporting
In Lieu of Education:
- 5 years - Experience in credit risk analytics within financial services
You will benefit from:
- Competitive medical, dental, and free vision benefits
- Paid parental leave
- Competitive compensation plan
- Gym memberships discounts
- Generous PTO and banking holidays off
- Tuition reimbursement
- 401k with immediate employer match and vesting
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.
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What We Do
Alliant is unlike any other financial institution — a digital credit union that wows our members. We’re boldly disrupting banking norms to do good for our members, employees and communities.
With over 85 years of history and more than $19 billion in assets, Alliant Credit Union is the largest credit union in Illinois and one of the largest in the U.S.
Our industry-leading financial products, seamless digital experiences and exceptional customer service make banking simpler for our 800,000+ members.
Fully digital, fully human and full of possibility, we work to provide our members with experiences that redefine the financial industry, challenge the status quo and unleash brilliance.
Why Work With Us
Our employees enjoy a hybrid schedule, allowing for flexible remote work and purpose-driven, outcome-focused onsite opportunities. Driven by Alliant's guiding principles and values, employees across all teams build together to provide our members with industry-leading financial products, seamless digital experiences & exceptional customer service.
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Alliant Credit Union Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
Alliant offers a purpose-driven, outcome-focused hybrid workplace model.
