Credit Risk Modeler Position Available In Pinellas, Florida

Credit Risk Modeler
locations
FL – Saint Petersburg – 880 Carillon Pkwy Tower 4
time type
Full time
posted on
Posted 5 Days Ago
job requisition id

R-0003988

Job Description
The ideal candidate will have approximately 3 years of work or equivalent experience in credit risk modeling and a strong understanding of CECL, CCAR, and various risk models. This role involves developing, validating, and maintaining credit risk models, including Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD), Pre-Provision Net Revenue (PPNR), Stress Test Models, and Challenger Models. The candidate will also be responsible for reporting, monitoring, and ensuring compliance with regulatory requirements.

Job Summary:

Risk Assessment:

Assess, manage, and mitigate credit risks by supporting data analysis and risk model development.

Monitoring:

Track risk parameters, identify deviations, and report them to senior colleagues, working within established risk management systems.

Compliance:

Analyze credit data and models to ensure compliance with regulatory requirements, maintain a healthy credit portfolio, and minimize financial losses.

Collaboration:

Work with various business units to create and report relevant data used as leading indicators in assessing the credit risk profile of the enterprise and evaluate credit risk mitigation actions.

Key Responsibilities:

Develop and maintain various credit risk models (PD, LGD, EAD, PPNR, Stress Test Models, Challenger Models) using statistical and advanced data science techniques.
Conduct model validation tests and performance monitoring to ensure accuracy and reliability.
Ensure models comply with CECL and CCAR regulatory requirements and guidelines.
Prepare and present model documentation, validation reports, and performance metrics to stakeholders, including senior management and regulatory bodies.
Perform data extraction, cleaning, and analysis to support model development and validation.
Conduct stress testing and scenario analysis to assess risk exposure under various economic conditions.
Work closely with cross-functional teams, including risk management, finance, and IT, to integrate models into business processes and systems.
Stay updated with industry trends, regulatory changes, and advancements in risk modeling techniques to continuously improve model performance and compliance.
Provide support during internal and external audits and regulatory examinations by preparing necessary documentation and responding to inquiries.

Qualifications, Education, and Skills:

Bachelor’s, Master’s, or PhD degree in Data Science, Statistics, Finance, Economics, or related fields.
Minimum of 3 years of work or equivalent experience in credit risk analysis, financial modeling, or data science in a banking or financial services environment.
Proficiency in statistical software (e.g., SAS, R, Python) and data visualization tools (e.g., Tableau, Power BI) for data analysis and modeling.
Excellent analytical and problem-solving skills with the ability to interpret complex data and draw meaningful insights.
Direct experience and in-depth understanding of Basel, CECL, and CCAR frameworks and regulatory requirements.
High level of attention to detail and accuracy in model development, validation, and reporting.
Ability to manage multiple projects and priorities in a fast-paced environment.
Strong communication and presentation skills, with the ability to explain technical concepts to non-technical stakeholders.
Strong interpersonal skills and the ability to work effectively both independently and as part of a team.

Education:

Bachelor’s, Master’s, or PhD degree in Finance, Economics, Statistics, Mathematics, or a related field.

Work Experience:

General Experience – 3+ years of work or equivalent experience in a related area.

Travel:

Less than 10%

Workstyle:

This is NOT a remote position. The associate will be expected to work a hybrid schedule and be based in the St. Petersburg/Tampa Bay, FL area.
Education

Bachelor’s:

Data Science, Bachelor’s:

Economics, Bachelor’s:

Finance, Bachelor’s:

Statistics, Master’s:

Economics, Master’s:

Finance
Work Experience
General Experience – 7 to 12 months
Certifications
Travel
Less than 25%
Workstyle
Hybrid
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm’s core values of client-first, integrity, independence and a conservative, long-term view. We expect our associates at all levels to:

• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm
  At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates.

When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs. #LI-AT1
About Raymond James
Raymond James is a diversified financial services company providing wealth management, capital markets,
asset management, banking and other services to individuals, corporations and municipalities. Founded in 1962 in St. Petersburg, Florida, rather than on Wall Street, we have always embraced being a different kind of financial services firm. Today, Raymond James has locations and subsidiaries across the United States, Canada, the United Kingdom and Germany, and is listed on the New York Stock Exchange under the symbol RJF. While we might not have the perfect role for you today, we’d love to keep in touch.
to stay up to date on career opportunities that may be a good fit for you.
Working at Raymond James
Our business is deeply focused on people and their financial well-being. We’re committed to helping individuals, corporations and institutions achieve their goals, while also supporting successful professionals and helping our communities prosper. We believe doing well and doing good aren’t mutually exclusive.
As an established but ever-evolving company, you can start – or continue – growing your career here. We invest in you with wide-ranging benefits and the support of leaders and colleagues who care. From development opportunities and enriching networking groups to prioritizing diversity, inclusion and the power of different perspectives, Raymond James is where good people grow.
Our people-first culture is outlined in our Culture Blueprint. Check it out to see why many choose to work at Raymond James – and why they stay.