Credit Risk Model Analyst I Job Listing at Stifel in Saint Louis, MO (Job ID 8063)

Description

The Credit Risk Model Analyst I is responsible supporting the Credit Risk Model Manager with developing, implementing, and maintaining credit risk models and strategies for the bank. The Analyst will analyze large datasets, perform statistical analysis, and build predictive models to assess the creditworthiness of individuals and businesses. The Analyst will also monitor and evaluate the performance of existing credit risk models, identify areas for improvement, and make recommendations to enhance risk management practices. Additionally, the Analyst will collaborate with cross-functional teams, such as credit underwriting and portfolio management, to ensure the accuracy and effectiveness of credit risk models in mitigating potential losses.

• Work closely with the data team to ensure the accuracy, completeness, and appropriateness of data used in the Current Expected Credit Loss (CECL) models.
• Assist in data cleaning, transformation, and preprocessing tasks to prepare data for analysis and modeling.
• Regularly monitor and report on the performance of CECL models, identifying any deviations from expected outcomes or performance benchmarks.
• Contribute to the continuous improvement of models by identifying potential enhancements based on performance monitoring and new insights.
• Facilitate communication and collaboration with Data Manager, model vendor, and IT, to ensure seamless integration of CECL models into broader operational and risk frameworks
• Assist in preparing detailed documentation of modeling processes, assumptions, and outcomes. Contribute to the development of reports for regulatory bodies and senior management
• Keep abreast of regulatory developments and guidelines related to CECL and ensure all activities are compliant with these standards
• Conduct research on industry best practices in credit risk modeling and suggest ways to incorporate these practices into the CECL modeling process
• Support the development/enhancement of CECL models under the guidance of the Model Manager, including preliminary data analysis, model testing, and ERM efforts
• Perform statistical analyses required for model development and maintenance, such as regression analysis, time-series forecasting, and scenario analyses.

• Exposure to R, SQL, VBA
• Critical focus on details resulting in a high degree of accuracy.
• Strong organizational skills.
• Strong communication skills, both written and verbal.
• Basic knowledge of industry regulations
• Understanding of Generally Accepted Accounting Principles
• Familiarity with Statistical Analysis concepts and tools

• Minimum Required: Bachelor's degree in related field or equivalent experience
• Minimum Required: 0 - 1 years of credit risk modeling experience

• None

• Proficient in Microsoft Outlook and Microsoft Suite
• Strong working knowledge of Excel

Stifel is more than 130 years old and still thinking like a start-up.  We are a global wealth management and investment banking firm serious about innovation and fresh ideas.  Built on a simple premise of safeguarding our clients' money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.

While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations.  Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more.  Let's talk about how you can find your place here at Stifel, where success meets success.

At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.

Stifel's bank and trust companies are equal opportunity employers. All candidates will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, veteran status, genetic information or any other protected characteristic under applicable law.  If you would like more information regarding Equal Employment Opportunity rights and protections, please review the following information: Know Your Rights.

Stifel is an Equal Opportunity Employer.