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Role Description

The Credit Risk Modeling Senior Analyst will play a key role in developing, enhancing, and maintaining quantitative credit risk models used for Current Expected Credit Losses (CECL), stress testing, and portfolio risk assessment. This role supports both commercial and retail lending portfolios and partners closely with Risk Management, Finance, and Data teams to ensure high quality, analytically sound estimates of expected and stressed credit losses.

You’ll enjoy the flexibility to work remotely from anywhere within the U.S. as you take on some tough challenges. For all hires in the Minneapolis or Washington, D.C. area, you will be required to work in the office a minimum of four days per week.

• Assist in the design, validation, and maintenance of models to support the Current Expected Credit Losses (CECL) framework, ensuring compliance with regulatory requirements
• Assist in the design and execution of enterprise and regulatory stress testing methodologies (e.g., macroeconomic scenario expansion, loss forecasting, sensitivity analysis)
• Support external and internal audit and model risk management inquiries for model related documentation
• Conduct quantitative analysis as it applies to key business areas or specific types of models
• Document models, assumptions, and methodologies in accordance with model governance and audit requirements
• Effectively challenge the Bank’s models as requested, including conceptual soundness, assumptions, and appropriateness of model methodology
• Collaborate with business groups to assist in developing effective modeling approaches to accurately represent the risks for practical business use
• Identify and address potential process gaps or process improvements including data model requirement, structure and use, data governance, policy governance and other quantitative tools
• Perform other assignments and special project analysis as requested by management

Qualifications

• Bachelor’s degree in Statistics, Applied Mathematics, Economics, Finance, Data Science, or a related quantitative discipline
• 2+ years of hands-on experience developing, implementing, or validating credit risk models, including CECL, credit loss forecasting, regulatory stress testing, scorecard models, or early warning/behavioral risk models
• 2+ years of programming experience using Python or SAS, with demonstrated ability to perform data manipulation, model development, model performance monitoring, and statistical analysis

Requirements

• Experience with CECL model development, implementation, or execution experience for Commercial Real Estate (CRE) and consumer lending portfolios
• Proven solid knowledge of credit risk principles which inform credit loss forecasting
• Ability to work in a fast-paced environment, manage competing priorities and to collaborate across the organization
• Proven attention to detail and ensure data accuracy, reconciling and loading data
• Ability to problem-solve effectively independently
• Ability to communicate complex analytical issues in understandable terms appropriate for internal and external stakeholders

Benefits

• Comprehensive benefits package
• Incentive and recognition programs
• Equity stock purchase
• 401k contribution (all benefits are subject to eligibility requirements)