Senior Risk Analyst, Credit Planning

Job Title: Senior Risk Analyst, Credit Planning
Supervisor: Director, Credit Planning
Location: Itasca, IL or Norwalk, CT
Requirement: Must come into the office 4 days a week.
Salary: $89,000 - $113,000
401K: 6 % match
Additional benefits:
- Medical, Dental, and vision plans
- Paid Time Off (3 weeks)
- Company Paid Life Insurance
- Employee Assistance Program
- Training and Development Opportunities
- Employee Discounts

Position Overview:
This is a unique opportunity to take on a key position in a globally recognized and fast-growing independent commercial finance lender, specializing in transportation, industrial, clean technology, healthcare, and construction lending. Responsible for execution of the Risk Management/Strategy team initiatives, focusing on a variety of functions within data analytics, encompassing a forward-thinking approach of how risk should be evaluated at the company. This position requires an individual who will leverage their knowledge of data analytics to drive business decisions.

Must Haves:

• 5+ years of experience in risk analytics or credit/risk strategy
  • Understanding of credit bureau data, loss forecasting, credit risk analytics, financial institution verbiage and lending concepts, statistical models, etc.
• Strong background in credit risk, pricing models, loss forecasting, and data analysis
• Experience with SAS, Python, SQL, R
• Experience with Power BI or Tableau for data visualization
• Experience in data manipulation, data collection, analyzing data to identify trends, communicating results of data analysis, etc.
• Experience turning data into metrics and actionable analytics.

Plusses:

• Experience with equipment finance (leasing/lending)
• Bachelor's degree in Mathematics, Finance, Economics, Information Management or Statistics.

Essential Duties and Responsibilities:
(List in order of time spent)

• Execute the Risk Management/Strategy team functions, including pricing/yields, scoring and model development, credit analytics, portfolio strategy, enterprise/operational risk, concentration limits and risk appetite, loss forecasting and mitigation.
• Perform credit/risk-based analytics and make recommendations on how to mitigate risk and increase profitability; analytics including underwriting decisioning, overall portfolio performance, vintage performance, collections performance, etc.
• Build out the strike zone/buy box for credit originations via data analysis, including evaluating non-score criteria, equipment/collateral, structuring and down payment requirements and setting appropriate customer exposure thresholds. In addition to these analyses, provide guidance on model usage to our internal underwriting teams.
• Complete model evaluation analytics, including review of third-party models, and/or involvement of customized score builds. Track and analyze model coverage, performance, and changes over time.
• Lead discussions/project plans for third-party analyses and model development.
• Propose improvements to automated credit decision models; these improvements should include increasing the volume of applications automatically reviewed, while continuing to mitigate any risk to the company.
• Develop risk-based pricing analytics, including calculating the appropriate coverage for risk/loss within our rates, working with our Finance teams to understand expense requirements, and communicate with our Sales teams to understand the challenges in the market.
• Review company credit/risk policy documentation and understand the related reporting requirements to confirm we are acting within policy rules.
• Consistently collaborate with all business leaders to gain expertise in our business cycle and executive-set goals.
  • Lead discussions regarding underwriting guidelines, credit/risk data analysis, Sales initiatives, and operational risk protocol.

We are an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.