Teachers Federal Credit Union
Manager Credit Risk Modeling
Teachers Federal Credit Union, Hauppauge, New York, United States, 11788
For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Recognized by Forbes Magazine as one of America’s Best‑In‑State Credit Unions in 2025, Teachers has grown into one of the nation’s leading credit unions. As we expand our reach across the country, we remain focused on being both a Best Place to Bank and a Best Place to Work. From part‑time roles to executive leadership positions, Teachers offers a wide range of meaningful career opportunities.
Brief Description This role will oversee the development, implementation, and maintenance of credit risk models for the credit union. The Manager will lead a team of quantitative analysts, ensuring compliance with regulatory requirements and supporting strategic decision‑making processes. The team is responsible for specialized credit risk analysis, the related monthly CECL production process, and developing credit stress testing models. The Manager provides advanced analytical expertise, managing the development, validation, monitoring, reporting, and documentation of credit risk models. The role is part of the Treasury team and will collaborate with other functions as needed.
Key Responsibilities
Lead the production process of the monthly Current Expected Credit Loss (CECL) estimation using a 3rd‑party vendor application, including data validation.
Monitor and report on credit risk exposures and trends, providing recommendations to mitigate potential risks.
Prepare monthly CECL results and detailed reports for ALCO alongside additional executive reports.
Analyze and improve models, performing back‑testing, sensitivity and scenario analyses to support model updates.
Provide analytical support for model validation, business reviews, audit reviews, and ad‑hoc requests.
Analyze large data sets via credit risk analytics platforms to review loan pools.
Drive automation and continuous improvement of existing processes.
Maintain relevant policies, procedures, and guidelines.
Support development of a robust control framework for auditors and regulators.
Assist the Treasury team in other functions as required.
Qualifications
Bachelor’s degree in finance, economics, or related field.
Minimum 5 years’ experience in financial analysis.
Experience in the financial services industry and with financial systems.
Data management experience, including statistical analysis and mining large data sets.
Knowledge of lending products.
Strong statistical analysis and quantitative technique skills.
Excellent analytical, problem‑solving, and communication skills.
Attention to detail and ability to work under pressure and deliver timely results.
Proficiency in cash management, FP&A, treasury management, trend analysis, credit and collections software, CECL, ALM.
Benefits
Paid time off for vacation, personal days, and holidays.
Fully‑funded pension plan.
401(k) company contribution.
Teachers pays 100% of Dental & Vision premiums.
Tuition reimbursement for full‑time employees.
Exclusive employee discount: 0.96% APR on credit‑card loans and 1.00% APR on all other loans through Teachers.
The good‑faith range for this position is $104,000 – $135,000 annually. This range is an estimate, based on potential employee qualifications and operational needs, and the salary may vary above or below the stated amounts, as permitted by applicable law.
All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility.
To learn more about Teachers and to view a full list of our job opportunities, please visit https://www.teachersfcu.org/about/careers. Click here to view: California Privacy Notice.
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Brief Description This role will oversee the development, implementation, and maintenance of credit risk models for the credit union. The Manager will lead a team of quantitative analysts, ensuring compliance with regulatory requirements and supporting strategic decision‑making processes. The team is responsible for specialized credit risk analysis, the related monthly CECL production process, and developing credit stress testing models. The Manager provides advanced analytical expertise, managing the development, validation, monitoring, reporting, and documentation of credit risk models. The role is part of the Treasury team and will collaborate with other functions as needed.
Key Responsibilities
Lead the production process of the monthly Current Expected Credit Loss (CECL) estimation using a 3rd‑party vendor application, including data validation.
Monitor and report on credit risk exposures and trends, providing recommendations to mitigate potential risks.
Prepare monthly CECL results and detailed reports for ALCO alongside additional executive reports.
Analyze and improve models, performing back‑testing, sensitivity and scenario analyses to support model updates.
Provide analytical support for model validation, business reviews, audit reviews, and ad‑hoc requests.
Analyze large data sets via credit risk analytics platforms to review loan pools.
Drive automation and continuous improvement of existing processes.
Maintain relevant policies, procedures, and guidelines.
Support development of a robust control framework for auditors and regulators.
Assist the Treasury team in other functions as required.
Qualifications
Bachelor’s degree in finance, economics, or related field.
Minimum 5 years’ experience in financial analysis.
Experience in the financial services industry and with financial systems.
Data management experience, including statistical analysis and mining large data sets.
Knowledge of lending products.
Strong statistical analysis and quantitative technique skills.
Excellent analytical, problem‑solving, and communication skills.
Attention to detail and ability to work under pressure and deliver timely results.
Proficiency in cash management, FP&A, treasury management, trend analysis, credit and collections software, CECL, ALM.
Benefits
Paid time off for vacation, personal days, and holidays.
Fully‑funded pension plan.
401(k) company contribution.
Teachers pays 100% of Dental & Vision premiums.
Tuition reimbursement for full‑time employees.
Exclusive employee discount: 0.96% APR on credit‑card loans and 1.00% APR on all other loans through Teachers.
The good‑faith range for this position is $104,000 – $135,000 annually. This range is an estimate, based on potential employee qualifications and operational needs, and the salary may vary above or below the stated amounts, as permitted by applicable law.
All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility.
To learn more about Teachers and to view a full list of our job opportunities, please visit https://www.teachersfcu.org/about/careers. Click here to view: California Privacy Notice.
#J-18808-Ljbffr