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

Sr. Credit Risk Analyst

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Start a Rewarding Career with Alliant

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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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 offers 8 hours of paid volunteer time benefit for all employees.
Partners with nonprofits
To execute on our mission of Bridging the Digital Divide, Alliant has partnered with PCs for People, Connected Nation, DiGiTunity and the National Digital Inclusion Alliance.
Open door policy
OKR operational model
Team based strategic planning
Flexible work schedule
Alliant provides employees with a flexible work schedule that includes Flexible start and end times.
Remote work program
Since the pandemic began, all non-essential job functions have been remote 100%.
Diversity
Documented equal pay policy
Dedicated diversity and inclusion staff
Highly diverse management team
Mandated unconscious bias training
Alliant provides our leaders and employees with unconscious bias, psychological safety and inclusive mindset training.
Diversity manifesto
Diversity employee resource groups
Alliant supports employee resource groups. At this time, employees created INCLUDE, a women's resource group and ALL, an LGBTQ+ employee resource group, and EMPOWER black employees' resource group.
Hiring practices that promote diversity
At Alliant, we ensure that we have a diverse candidate slate for every role for which we hire and that our interview panels are also diverse.
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Alliant employees can contribute up to $2,750 annually to their Health Care FSA and $5,000 to their dependent care FSA.
Disability insurance
Company provides Short Term Disability benefit payable for up to 13 weeks as well as Long Term Disability insurance that covers 66.67% of your monthly earnings up to $10,000 monthly maximum payout.
Dental insurance
Preventive services covered at 100%, Basic services covered at 80%; Major restorative services covered at 50%; Orthodontics covered at 50%
Vision insurance
Alliant offers free vision benefits to its employees and their dependents. The vision benefits plan covers 100% for annual eye exams after a $10 copay and $150 for glasses and contacts.
Health insurance
Alliant provides a choice of two medical plans. If you elect a medical plan, you are automatically enrolled in an HSA where Alliant contributes funds to help you pay for your out-of-pocket expenses.
Life insurance
Basic Life insurance and Accidental Death & Dismemberment is equal to 1 times an employee's annual salary. Employees can also purchase Voluntary Life insurance for themselves and their dependents.
Pet insurance
Our pet insurance policy covers up to %90 of out of pocket expenses.
Wellness programs
With Alliant's wellness reimbursement program, each employee receives up to $35 per month (non-cumulative) to spend on wellness activities and discounted wellness services through ThrivePass.
Mental health benefits
Alliant employees get free access to ComPsych, Calm and myStrength apps and services.
Financial & Retirement
401(K)
Alliant offers a 401(k) plan administered through Fidelity where employees can contribute up to 60% of eligible compensation to the annual IRS limit.
401(K) matching
We match 100% of contributions up to the first 5% of an employee's annual gross pay. eligible salary. You will be 100% vested in these contributions right away.
Performance bonus
In the last years, Alliant’s bonus payouts were above 100%.
Charitable contribution matching
The Alliant Credit Union Foundation also matches employee donations made to non-religious, non-political 501(c)(3) organizations up to a total of $1,000 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 and secondary caretakers.
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
Unlimited vacation policy
Generous PTO
Our employees receive between 21 and 31 days per year of paid time off based on years of service. Alliant also offers a Flexible Time Off (unlimited time off) policy for Sr. Managers and above.
Paid volunteer time
Our employees receive 8 hours per year of paid volunteer time.
Paid holidays
Office Perks
Commuter benefits
Employees can withhold up to $280 per month pre-tax for transit expenses and up to $280 per month pre-tax for parking expenses.
Company-sponsored 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.
Free snacks and drinks
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
Fitness stipend
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
We offer up to $5,250 annually for continuing education through our tuition reimbursement benefit.
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.
Promote from within
Continuing education stipend
We offer up to $5,250 annually for continuing education through our tuition reimbursement benefit.
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.

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