Risk Analyst, Loss Forecasting
Risk Analyst, Loss Forecasting
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Job Description
Job Title: Risk Analyst Loss Forecasting
Reports To: VP Risk Collections Strategy Analysis
FLSA Status: Exempt
Department: Risk
JOB SUMMARY Responsible for supporting our loss forecasting and credit risk initiatives by building and maintaining forecasting models analyzing loan portfolio performance and delivering insights that guide business decisions. As part of the Credit Risk team this role contributes to forecasting processes that directly impact financial planning credit policy and risk management strategies.
ESSENTIAL JOB FUNCTIONS:
- Assist in developing maintain and enhance loss forecasting models to project loan performance delinquency and charge-offs across multiple portfolios.
- Assist in preparing forecasts across loan segments and vintages ensuring accuracy and consistency.
- Extract and clean data from internal databases using SQL to support analysis and reporting needs.
- Conduct exploratory data analysis in Python or Excel to identify patterns in delinquency default and recovery trends.
- Support the development and refinement of loss forecasting models and assumptions.
- Create and maintain recurring reports and dashboards to monitor portfolio performance and credit risk metrics.
- Collaborate cross-functionally with senior analysts operations and product teams to refine forecasting assumptions and ensure data integrity.
- Participate in scenario analysis and sensitivity testing under various macroeconomic conditions.
- Document methodologies assumptions and results in a clear audit-ready format for internal and regulatory review.
- Identify opportunities to improve data workflows automate reporting and enhance forecast accuracy.
MINIMUM QUALIFICATIONS: To perform this job successfully an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the minimum knowledge skill and/or ability required.
- Bachelors degree in Finance Economics Statistics Mathematics Risk Management or related field preferred.
- 24 years of experience in a data analysis risk finance or business analytics role (internships or academic projects considered).
- Proficiency in SQL (writing queries joins aggregations).
- Strong Excel skills including pivot tables lookups and basic modeling.
- Working knowledge of Python for data manipulation and analysis.
- Strong analytical and critical thinking skills with high attention to detail.
- Experience working with credit risk loan portfolios or forecasting models preferred.
- Exposure to data visualization tools like Tableau or Power BI preferred.
- Familiarity with loss forecasting concepts (e.g. roll rates vintage curves CECL etc.) preferred.
COMPETENCIES:
- Customer Service: Exceptional attitude and a passion for providing outstanding service to internal customers.
- Analytical and Critical Thinking: Ability to interpret large datasets identify patterns and extract meaningful insights. Uses structured problem-solving approaches to assess risks and project potential outcomes.
- Technical and Quantitative Skills: Ability to quickly learn new tools and manipulate large datasets. Skilled in data manipulation tools.
- Communication Skills: Translates complex technical analyses into actionable insights for non-technical audiences. Listens actively to understand stakeholder concerns and tailor insights to their needs
- Collaboration: Works effectively within cross-functional teams. Builds trust through consistent reliable analysis and recommendations.
- Curiosity & Continuous Learning: Proactively seeks to understand portfolio behavior and improve risk forecasts.
SUPERVISORY RESPONSIBILITY
None
PHYSICAL DEMANDS
While performing the duties of this job the employee is regularly required to stand walk reach and sit for a minimum of 8 hours with or without reasonable accommodation. The employee is required to use hands to finger handle or feel objects and/or tools. The employee is required to talk or hear with or without reasonable accommodation and must sometimes lift and move up to 10 pounds.
WORK ENVIRONMENT
While performing the logistics duties of this job the employee is frequently exposed to moderate noises such as computers printers and other light traffic noise in an office setting.
This role is in-office. Remote work may be performed from a pre-approved location as arranged and scheduled by team management and approved by department leadership.
OTHER DUTIES
Please note this job description is not designed to cover or contain a comprehensive listing of activities duties or responsibilities that are required of the employee for this job. Duties responsibilities and activities may change or be supplemented at any time with or without notice.
Required Experience:
IC
Employment Type
Full-Time
