Credit Model Developer

Overview

Hybrid

$60+

Accepts corp to corp applications

Contract - Independent

Contract - W2

Contract - 12 Month(s)

Skills

Distributed Computing

Basel

Collaboration

Computational Finance

Credit Risk

Data Processing

Documentation

Finance

Financial Services

Mathematics

Performance Monitoring

Pure Data

PySpark

Python

Statistics

Auditing

Job Details

Job Title: Credit Model Developer
Location: New York, Ny (Hybrid)
Interview Process: 2 Rounds 1 Virtual & 1 Face-to-Face

Job Summary

We are seeking an experienced Credit Model Developer with strong expertise in Python and PySpark and a solid quantitative/statistical foundation. The ideal candidate will have hands-on experience developing credit risk models PD, LGD, and ALLL and a deep understanding of rating models used in the financial services industry.

Key Responsibilities

Design, develop, and implement credit risk models (PD, LGD, ALLL) using Python and PySpark.
Collaborate with quantitative and risk teams to design, test, and validate model frameworks.
Perform statistical analyses, model calibration, and performance monitoring.
Translate business and regulatory requirements into robust model specifications.
Prepare model documentation and support internal/external review and audit processes.

Required Skills & Qualifications

Strong programming expertise in Python and PySpark (hands-on experience required).
Advanced degree in Statistics, Mathematics, Engineering, Financial Engineering, or a related quantitative discipline.
Proven experience developing credit risk models (PD, LGD, ALLL).
Practical understanding of rating models and their application in financial institutions.
This is a model development role model validators will not be a fit.

Nice to Have

Familiarity with regulatory model frameworks and governance (e.g., Basel, CCAR).
Experience with large-scale data processing and distributed computing environments.

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