Job Description

Choose a job you love, and you will never have to work a day in your life. — Confucius

Specialty Finance Quantitative & Risk Analyst Manager

  • Job Tag: #LI-JA1
  • Posted: May 22,2024

SkyWater is partnering with an established, but growing, global private investment firm to add a highly experienced Specialty Finance Quantitative and Risk Managment Analyst to their team. This person will play a key role in assessing and monitoring performance for the existing portfolio and delinquency trends by asset class. Strong preference for experience with Consumer Finance/Loans is desired.

We’re looking for a highly motivated self-starter with experience in consumer finance, including as an SME, modeling and loan lifecycle experience.

*Position is on-side preferably in Minneapolis, with a possibly exception for New York.

If you’re interested in hearing more, please contact Jamende@skywatersearch.com

Responsibilities

  • Use internal and external data to quickly establish initial delinquency, loss and prepayment forecasts
  • Analyze historical credit / risk origination guidelines to understand changes to mix, loss rates, roll-rates
  • Analyze historical changes to servicing guidelines
  • Create data stratifications as required
  • Help to provide asset level pricing support by leveraging historical performance data
  • Maintain historical asset level performance databases utilizing internal and external data sets across multiple asset classes including but not limited to residential prepayments/credit, consumer credit and SME credit
  • Help to monitor credit and overall performance trends on existing portfolio as well as broader economic trends and delinquency trends by asset class
  • Oversight over performance reporting and accuracy
  • Help to establish performance covenants, concentration limits, underwriting guidelines
  • Lead risk management performance improvement projects
  • Validate asset performance projection models, recalibrations (i.e. back testing of model changes) and enhancements
  • Experience with collection / servicing strategies and customer acquisition

Desired Skills and Experience

  • Comprehensive consumer finance and SME finance experience across different products in financial industry, including but not limit to student loans, credit cards, installment loans / other unsecured, auto finance, mortgage, and SME credit
  • Modeling experience through the life of loans, including marketing, acquisition, portfolio management, collections/recovery, anti-fraud, stress testing, CCAR, and loss forecasting.
  • Experience through the life of models including model validation, model recalibration, etc., including model scope and proposal, model development, model usage and implementation, model performance monitoring and reviews, model validation, and model recalibration/redevelopment
  • Expertise in designing effective strategies that fully leverage the power of models in risk management and business practice
  • Thorough knowledge and hands-on experience including but not limit to Machine Learning, Regression Analysis, Logistic Regression, Decision Tree Model, Score Card Building, Multivariate Analysis, Cluster Analysis, Cross Sectional Time Series Regression, and Stochastic Models
  • Excellent communication skills, ability to build rapport and create strong partnership
  • Proficient predictive modeling, machine learning, analytical, quantitative and programming skills
  • Strong expertise in full credit cycle risk management/modeling with multiple credit product
  • Result-driven and detail-oriented, strong problem-solving skills
  • Ability to work under pressure, multitask, prioritize and manage deadlines
  • Highly motivated, self-starter
  • Solid background in Finance, Mathematics and / or Engineering
  • Expertise in statistics, machine learning and various coding languages including Python and R

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