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CECL Loss Modeler - Job Opportunity at Zachary Piper LLC

Remote, US
Contract
Senior
Posted: March 3, 2025
Remote
USD 160,000-175,000 per year

Benefits

Comprehensive Healthcare through Cigna - Premium medical coverage indicating strong benefits package
Dental and Vision Coverage - Complete healthcare suite showing investment in employee wellness
401(k) Plan - Retirement planning support demonstrating long-term employee investment
PTO and Paid Holidays - Competitive time-off package supporting work-life balance
Sick Leave - Legally compliant sick leave policy ensuring employee wellbeing

Key Responsibilities

Lead CECL modeling implementation and maintenance for diverse loan portfolio analysis spanning multiple product types
Develop and maintain sophisticated risk assessment models for credit and prepayment analysis across various lending products
Establish and enforce model risk management protocols ensuring regulatory compliance and audit readiness
Drive standardization of modeling processes and documentation across the organization
Conduct independent model validation and performance monitoring to ensure accuracy and reliability

Requirements

Education

Masters Degree in a Quantitative Field: Statistics, Mathematics, Economics, Finance, Analytics

Experience

7+ years of experience in quantitative modeling, development, or implementation

Required Skills

SAS, R, Python programming Logistic Regression Linear Regression Survival Analysis Time Series Analysis Decision Trees Cluster Analysis Markov Chain Machine Learning PD/LGD/EAD framework Advanced data manipulation and analysis Banking analytics/modeling experience (CCAR/CCEL Modeling, Fraud Detection, AML)
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Sauge AI Market Intelligence

Industry Trends

Financial institutions are increasingly prioritizing sophisticated CECL modeling capabilities due to regulatory requirements and economic uncertainty The shift towards automated and machine learning-based risk assessment models is driving demand for advanced quantitative skills Integration of alternative data sources and real-time analytics is becoming crucial for credit risk assessment

Salary Evaluation

The offered compensation range of $160,000-$175,000 is competitive for senior quantitative roles, reflecting the specialized nature of CECL modeling expertise

Role Significance

Typically part of a specialized quantitative team of 5-8 professionals within a larger risk management department
Senior individual contributor role with significant impact on organizational risk management and regulatory compliance

Key Projects

CECL model development and implementation for multi-product portfolios Risk management framework enhancement and validation Regulatory compliance and audit support initiatives

Success Factors

Deep understanding of both statistical modeling and financial industry regulations Ability to translate complex mathematical concepts into practical business applications Strong documentation and communication skills for stakeholder management Experience with large-scale data analysis and model implementation

Market Demand

Very High - CECL implementation and maintenance requirements across financial institutions are creating sustained demand for specialized modelers

Important Skills

Critical Skills

Advanced statistical modeling capabilities essential for developing and maintaining CECL models Programming proficiency in SAS, R, and Python for implementing large-scale analytical solutions Understanding of regulatory requirements and risk management frameworks

Beneficial Skills

Knowledge of cloud computing platforms for scalable model deployment Experience with real-time data processing and streaming analytics Familiarity with emerging AI/ML applications in credit risk assessment

Unique Aspects

Rare opportunity to work with one of the largest credit unions in the nation
Comprehensive exposure to multiple lending products and risk modeling approaches
Balance of technical modeling and regulatory compliance responsibilities

Career Growth

2-4 years in current role before advancement, depending on organizational structure and performance

Potential Next Roles

Head of Credit Risk Modeling Director of Quantitative Analytics Chief Risk Officer

Company Overview

Zachary Piper LLC

Zachary Piper LLC operates as a specialized consulting and staffing firm focusing on technical and quantitative roles for financial institutions

Mid-sized player in the financial services consulting sector with strong relationships with major credit unions
National presence with remote work capabilities enhancing geographical reach
Professional consulting environment with emphasis on technical expertise and client service
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