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Modeling - Risk Modeler II - P2 - Job Opportunity at Credit One Bank

Las Vegas, US
Full-time
Mid-level
Posted: February 23, 2025
On-site
USD 85,000 - 120,000 annually based on Las Vegas market and role complexity

Benefits

Career development opportunities in quantitative finance
Professional growth in risk modeling
Work with advanced financial modeling technologies
Collaborative environment at intersection of Risk and Treasury

Key Responsibilities

Lead CECL model development and refinement
Conduct portfolio analysis and risk assessment
Develop and maintain expected credit loss forecasting models
Present analytical findings to executive stakeholders
Perform model validation and documentation
Execute monthly CECL reporting and analysis

Requirements

Education

Bachelor's degree in mathematics, statistics, economics, data science, financial engineering or another quantitative field

Experience

3-5 years implied based on role level

Required Skills

SAS/SQL R or Python Regression analysis Predictive analytics Business analysis Presentation skills Communication skills Project management Cloud computing
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Industry Trends

Financial institutions are increasingly focusing on sophisticated risk modeling due to regulatory requirements and economic uncertainty Cloud-based risk modeling platforms are becoming industry standard Integration of machine learning techniques in credit risk assessment is growing Emphasis on real-time risk assessment capabilities is increasing

Role Significance

Typically part of a 5-8 person risk modeling team within larger risk management department
Mid-level position with significant technical responsibility and stakeholder interaction

Key Projects

CECL model development and implementation Portfolio risk assessment and forecasting Regulatory compliance modeling Executive reporting and presentations

Success Factors

Strong foundation in statistical modeling and financial risk assessment Ability to translate complex analytical findings into actionable insights Balance between technical expertise and business acumen Effective communication with both technical and non-technical stakeholders

Market Demand

High demand for risk modeling professionals, particularly in consumer credit sector, driven by regulatory requirements and digital transformation

Important Skills

Critical Skills

Statistical modeling expertise for accurate risk assessment Programming skills for model implementation Communication abilities for stakeholder management Financial analysis capabilities for credit risk evaluation

Beneficial Skills

Cloud computing knowledge for scalable solutions Machine learning expertise for advanced modeling Data visualization skills for executive presentations Industry-specific regulatory knowledge

Unique Aspects

Direct involvement in critical CECL implementation
Blend of technical modeling and business impact
Opportunity to influence risk management strategies
Experience with full lifecycle of model development and validation

Career Growth

2-3 years in role before advancement opportunity, depending on performance and organizational growth

Potential Next Roles

Senior Risk Modeler Risk Analytics Manager Quantitative Risk Director Head of Risk Modeling

Company Overview

Credit One Bank

Credit One Bank is a data-driven financial services company specializing in credit card products, with a strong focus on risk management and analytics

Significant player in the consumer credit card market with focus on data-driven decision making
Major employer in Las Vegas financial sector with national credit card operations
Professional environment with emphasis on analytical rigor and regulatory compliance
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