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Job Requirements of Credit Model Developer:
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Employment Type:
Full-Time
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Education:
Graduate Degree
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Location:
New York, NY (Onsite)
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Credit Model Developer
A highly regarded investment institution is seeking a Credit Model Developer to design, enhance, and implement credit risk models supporting sophisticated investment strategies. This role is integral to the firm's analytics and decision-making, ensuring robust risk assessment and portfolio optimization through advanced quantitative methodologies. Client Details
Institutional investment management firm located in Midtown, Manhattan.
Description Key Responsibilities:
Develop and refine credit risk models, such as PD, LGD, EAD, etc; incorporating quantitative techniques and proprietary methodologies.
Conduct rigorous data analysis to enhance model accuracy, incorporating macroeconomic factors and asset-specific risk elements.
Collaborate with investment teams to integrate modeling insights into portfolio management and risk assessment.
Ensure compliance with industry best practices and evolving regulatory frameworks.
Maintain, validate, and improve model performance through back-testing and stress testing.
Support strategic initiatives focused on risk mitigation and credit exposure optimization.
Profile
Qualifications:
Strong experience in credit modeling, data analytics, and risk assessment.
- Master's or PhD in Engineering, Computer Science, Statistics, Mathematics, or Economics.
Expertise in statistical modeling techniques, machine learning, and programming (Python, R, or similar).
Deep understanding of fixed income, structured finance, and credit instruments.
Ability to translate complex data into actionable insights for investment professionals.
Exceptional problem-solving and communication skills.
Job Offer
$165,000 - $220,000 base salary, plus bonus.
MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.