Alliant Credit Union
We set the standard for simple and rewarding digital banking.
Rolling Meadows, IL

Sr. Credit Risk Analyst at Alliant Credit Union

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What will your day look like?

You will be responsible for developing comprehensive analyses to evaluate consumer & mortgage loan characteristics and external factors with respect to delinquency and charge-off, following and utilizing best practices in credit risk management, querying corporate databases with a variety of tools and providing reports, leading evaluation, implementation and monitoring of third-party and in-house scoring solutions, building empirically derived and statistically sound models that account for existing business policies and procedures, recommending rule changes and providing support for advanced decision management software, and assisting with audit / regulator requests. The incumbent is a key contributor to the success of the Risk Management team. Work involves frequent interaction with various departments and vendors, preparation of analysis summaries, and effective presentations to management. Resources to do the job require reliance on knowledge of credit union products and services and expertise of credit risk concepts, lending, collections, and regulatory requirements.

 

Responsibilities

Do you see yourself doing this?

  • Independently identify appropriate credit risk strategies to be applied
  • Analyze origination risk factors and recommend improvements in underwriting criteria and loan product pricing to increase loan volumes while minimizing losses
  • Support new data acquisition and consult less experienced analysts and other functional areas on current data intricacies
  • Provide monthly updates for the loan portfolio performance reporting package, including but not limited to origination quality, delinquency, and loss metrics
  • Prepare data for third-party quarterly mortgage & consumer loan portfolio performance analysis
  • Track, review, and implement changes to Adaptive Control System modules, based on First Data / FICO methodology, for the credit card portfolio
  • Provide support and rule recommendations for loan origination system implementation and maintenance
  • Collaborate with Lending, Marketing, and other departments to assess risk with respect to future new and enhanced lending products as well as potential Loan Trading Desk transactions
  • Lead studies on improving credit risk measurement for economic capital setting, plan delinquency and charge-off, and calculate ALLL / provision
  • Partner with Loss Prevention & Recovery to enable sound collection strategies
  • Build rapport with Database Administration to streamline two-way communication to ensure data quality
  • Query the Data Warehouse and other databases with SAP Business Objects / Microsoft SQL Server Management Studio to extract, summarize, and save relevant data
  • Drive improvements in test set-up to more accurately assess effectiveness of proposed risk strategies and team up with Operations and other departments for project implementation
  • Design and build predictive models in SAS. Evaluate, implement, and monitor third-party scoring solutions
  • Prepare supporting information and present findings to management
  • Generate periodic reports for audit and regulatory compliance and assist with ad hoc requests
  • Help formulate and revise credit policies and procedures to address new regulations

      

Qualifications

What makes you a great fit?

You’ll be a great fit if in addition to the completion of a Bachelor’s degree in Finance, Mathematics, Economics, Engineering, or other quantitative field (Master’s degree preferred), 5+ years relevant experience in credit risk analysis in the financial services industry, and you have:

  • Solid understanding on credit loss calculation and stress testing process such as ALLL/CECL/DFAST etc.
  • Hands-on work experience on the credit risk modeling and risk measures (PD, LGD and EAD)
  • Strong programming in SAS for developing statistical model development programs
  • Advance programming skill on R and Python is a plus
  • Experience with relational databases and SQL syntax, hands-on with SAP Business Objects reporting preferred
  • Excellent organizational, communication, collaborative, and consultative skills
  • Exceptional attention to detail
  • Ability to successfully present complex analyses to internal customers with different technical backgrounds

When you’re happy, we’re happy!

As a thank you for joining our team, you’ll benefit from:

 

  • Competitive medical, dental, and free vision benefits
  • Competitive compensation plan
  • Contributions towards gym memberships
  • Generous PTO and banking holidays off
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Where we are

1600 Golf Road, Rolling Meadows, IL 60008

Technology we use

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What are Alliant Credit Union Perks + Benefits

Alliant Credit Union Benefits Overview

Alliant constantly works on improving its Employee Value Proposition. Our Human Capital Group team seeks ongoing employee feedback to continue to raise the bar on employee-focused benefits, making updates to the existing and adding new benefits every year.

Culture
Volunteer in local community
Alliant participates in local volunteer activities such as Fantasy Flight, Plane Pull, Feed My Starving Children & more. In addition, we offer 8 hours of paid volunteer time benefit for all employees.
Friends outside of work
Eat lunch together
Intracompany committees
Alliant has Employee Events & Community Engagement team, the ACU Foundation, Brand Journalism/Alliant Reporters team, on-site Toastmasters club & Women's Resource Group.
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Diversity
Documented equal pay policy
Diversity manifesto
Someone's primary function is managing the company’s diversity and inclusion initiatives
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Alliant employees can contribute up to $2750 annually to their medical FSA and $5,000 to dependent care FSA.
Disability Insurance
Disability insurance covers 66.7% of annual salary up to $10000 monthly maximum payout.
Dental Benefits
Preventive services covered at 100%, Basic services covered at 80%; Major restorative services covered at 50%; Orthodontics covered at 50%
Vision Benefits
Alliant offers free vision benefits to its employees. The vision benefits plan covers 100% for annual eye exams after $10 copay and $150 for glasses and contact lenses annually.
Health Insurance Benefits
Our insurance policy covers up to 85% of out of pocket expenses.
Life Insurance
Life insurance is equal to 1 times an employee's annual salary.
Pet Insurance
Our pet insurance policy covers up to 90% of out of pocket expenses.
Wellness Programs
Onsite Gym
Retirement & Stock Options Benefits
401(K)
Alliant matches 100% of employee’s contribution up to 5% of salary
401(K) Matching
Alliant provides employees with a 401(k) matching plan managed by Fidelity. We match 100% of contributions up to 5% of an employee's annual gross pay.
Performance Bonus
In four out of the last five years, Alliant’s bonus payouts were above 100% with the 2018 bonus payout at 113%.
Match charitable contributions
The Alliant Credit Union Foundation also matches employee donations made to non-religious, non-political 501(c)(3) organizations up to a total of $200 per person per calendar year.
Child Care & Parental Leave Benefits
Generous Parental Leave
We provide up to 6 weeks of parental leave for the primary caretaker. We also provide 2 weeks of leave for the secondary caretaker.
Flexible Work Schedule
Alliant provides employees with a flexible work schedule that includes Flexible start and end times.
Remote Work Program
Family Medical Leave
Employees who have been with the company for 12 months are eligible for up to 26 weeks of family medical leave.
Vacation & Time Off Benefits
Generous PTO
Our employees receive between 21 and 31 days per year of paid time off based on years of service.
Paid Volunteer Time
Our employees receive 8 hours per year of paid volunteer time.
Paid Holidays
Perks & Discounts
Casual Dress
Commuter Benefits
Employees can withhold up to $265 per month pre-tax for transit expenses and up to $265 per month pre-tax for parking expenses.
Company Outings
Alliant hosts between 4 and 6 major employee events in a year, including the Annual Volleyball Tournament, annual summer party and employee appreciation day celebration.
Stocked Kitchen
Currently, Alliant offers free snacks, free hot beverages and bottled water during the day, free lunch/food events on occasion and bi-weekly free fruit.
Some Meals Provided
Parking
We offer employees A parking subsidy.
Fitness Subsidies
Alliant reimburses its employees up to $35 per month for gym, health and fitness services and activities.
Professional Development Benefits
Job Training & Conferences
Alliant offers employees professional development opportunities like Annual individual budget for training, onsite training courses and the ability to attend job-related conferences and seminars.
Tuition Reimbursement
Our tuition reimbursement plan offers an annual max of $5250 with a maximum total match of $5250.
Diversity Program
Lunch and learns
Alliant hosts lunch and learn and hour with the leader meetings once per quarter, giving our employees to hear from our executive and senior leadership teams.
Cross functional training encouraged
Promote from within
Online course subscriptions available
Customized development tracks
Paid industry certifications

Additional Perks + Benefits

Alliant constantly works on improving its Employee Value Proposition. Currently, Alliant offers free snacks, free hot beverages and bottled water, free lunch/food events on occasion, personal concierge service, on-site package/mailing service, massage therapy, discounted ticket sales, car wash, dry cleaning, convenience store, vehicle maintenance, banking and a gym at our headquarters location.

Our company works hard to create a work environment that allows our employees to maintain a healthy work/life balance. We encourage our employees to take advantage of flexible hours and offer an option to work remotely. Alliant also offers a very generous PTO package, which starts new employees with 21 PTO days annualized in their first year of employment.

The well-being of our employees and their families translates to productivity and commitment to their jobs. That is why we constantly work on launching new benefits that will help them find the best medical care at the lowest cost and get the help they need with convenience and without unnecessary stress.

Jobs at Alliant Credit Union
8

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Operations
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Supervisor, Deposit Servicing

Alliant Credit Union
Chicago
2 weeks ago
+44
You will be responsible for leading and directing the work efforts of a team engaged in the membership and depository account opening process for products such as checking/savings and IRAaccounts and the related servicing of, including but not limited to the processing of account adjustments, deceased account processing, and tax reporting. The Supervisor, Deposit Servicing is responsible for payment disputes in the areas of Credit, Debit, ACH and Check. The incumbent must maintain knowledge of all chargeback processing phases, including but not limited to chargebacks, presentments, arbitration, and compliance. 

Sr. Network Security Engineer

Alliant Credit Union
Chicago
2 weeks ago
+44
What will your day look like? You will be responsible for design and support in all aspects of Network infrastructure consisting of LAN/WAN, HW & SW, routers, switches, management systems, and monitoring systems, telecommunications equipment, voicemail systems, call center management systems and various other network and voice related infrastructure technologies. The incumbent will also functions as a Project Leader on various initiatives while

Sr. Commercial Loan Workout Specialist

Alliant Credit Union
Chicago
1 month ago
+44
You will be responsible for the effective management and resolution of a loan portfolio of defaulted or troubled commercial real estate loans as well as the asset management and disposition of OREO. The incumbent will ensure the implementation of a timely workout strategy, the coordination of legal action, and the pursuit of recoveries with the goal of mitigating risks and minimizing losses from such activities. The Workout Specialist will ensure policies, procedures, and oversight of the commercial loan portfolio are adhered to in accordance with the standard operating procedures of Alliant Credit Union. The incumbent will prepare and present status reports for senior management and other areas as required. Work includes assisting examiners, internal auditors and external loan review auditors on a periodic basis. Resources required are strong financial analysis and negotiation skills and the ability to identify and implement solutions that benefit the Credit Union.

Sr. Data Engineer

Alliant Credit Union
Chicago
1 month ago
+44
You will assists the organization through the continued build-up and operationalization of an enterprise class Modern Data environment, including various components within the Hadoop stack.  Resources to do the job require substantial hands-on experience working with the technologies encompassed within the Hadoop technology stack while also having knowledge and capabilities as a systems developer.

Sr. Business Intelligence Engineer

Alliant Credit Union
Chicago
1 month ago
+44
You will be responsible for collaborating with business teams and data owners to successfully implement and maintain enterprise level business analytics and data warehousing solutions. The ideal candidate must be able to support our business partners with their reporting needs, via dashboards, Business Object reports, mobile reporting, and self-service analytics requirements. Work involves moderate to complex difficulty in working on multiple high-level projects concurrently. Candidate must have a medium to expert level at designing, implementing, and operating our Business Intelligence toolkit. Additional requirements include experience in the financial industry and understanding requirements management process, and report testing and validation process.

Fair Lending Data Analyst

Alliant Credit Union
Northwest Suburbs
2 months ago
+44
You will be responsible for performing and maintaining in-house fair lending statistical analytical programs for identifying fair lending risks using strong econometrics and programming skills plus regression analysis and statistical techniques for disparate impact testing for our credit card, mortgage, consumer lending, and home equity loan businesses. The incumbent is responsible for designing the testing components and flow, data preparation, fair lending model development, documentation, and refinement. The Fair Lending Data Analyst will evaluate exiting Fair Lending testing methodologies to ensure validity, efficiency, and accuracy and build new experimental designs/proof of concepts to evaluate new statistical methods that can be applicable in enhancing and solidify the current testing framework.

Sr. Data Integration Engineer

Alliant Credit Union
Chicago
3 months ago
+44
You will be responsible for designing and implementing efficient, flexible, extensible, and scalable ETL designs of medium to high complexity in an Enterprise environment.  This includes data modeling, metadata analysis, in-depth understanding of the Informatica PowerCenter ETL and Data Transformation Tools and administering the Informatica PowerCenter platform. The candidate must be highly proficient and experienced at designing, implementing, and supporting ETL solutions data warehouse environment. Ideal candidate must be able to handle multiple highly complex projects concurrently and collaboratively in an Agile environment.

Member Service Consultant (Call Center)

Alliant Credit Union
Northwest Suburbs
4 months ago
+44
The Member Service Consultant is the voice of Alliant Credit Union and serves a critical role in our member experience. Successful candidates have a genuine interest in helping people and finding solutions to their needs. Our Member Care Center isn’t a typical call center environment – we make it comfortable so you’re able to effectively handle a high volume of phone calls from our members with quality and care. Our total compensation and total rewards are highly competitive within the industry.