The Manager of Markets Credit will be responsible for overseeing credit risk management of the Bank’s Mortgage Partnership Finance (MPF) and investment portfolio. This role leads a team of credit risk analysts in developing and maintaining mortgage credit models, performing scenario analysis and stress testing, and monitoring credit risk trends across the bank’s portfolio and the broader market. This position also collaborates closely with internal stakeholders, regulators and vendors to support product initiatives, ensure regulatory compliance, drive model enhancements and enable process innovation. The ideal candidate is a strategic thinker with deep mortgage industry knowledge, strong analytical and modeling ability, and proven leadership experience. 

How you'll make an impact:

• Strengthen the Bank’s Credit Risk Management by leading the modeling and monitoring of risks across the MPF and Investment portfolios
• Enable strategic product and investment decisions by partnering with cross-functional teams to deliver high-impact analytics that support MPF and investment initiatives
• Drive operational excellence and innovation by leveraging advanced data analytics, automation, and emerging technologies

Responsibilities:

• Oversee the analysis and monitoring of credit risk trends and exposures associated with mortgage loan and investment portfolios
• Lead the development and ongoing maintenance of credit risk models – such as prepayment, default, and loss models – including assumption setting, model calibration and performance monitoring
• Design and enhance analytical models and risk management frameworks to assess the adequacy of credit enhancement
• Perform back-testing and benchmarking to evaluate model performance and make recommendations on modeling changes
• Direct scenario analysis and stress testing to assess portfolio risks under different macroeconomic scenarios
• Perform credit reviews of member institutions and mortgage servicers based on financial performance and credit worthiness
• Work with validators, auditors, and regulators to improve model accuracy and support regulatory compliance
• Drive process improvements by leveraging advanced data management, automation and programing tools
• Build strong and trustworthy partnerships with internal teams (business, operation, finance, legal, model risk, etc.) and external stakeholders (regulators, vendors, etc.)

Qualifications: 

• Bachelor’s degree in Mathematics, Finance, Economics, Statistics, Computer Science, or related fields; Master’s level degree desired.
• CFA and FRM candidates preferred
• 5+ years of work experience in finance, data analytics or modeling
• 2+ years of people managing experience
• Experience with mortgage underwriting and servicing desired
• Experience with building predictive statistical models and developing algorithmic solutions desired
• Proficiency in SQL Server Management Studio, Python and R
• Experience with Business Intelligence tools including Tableau and Alteryx 
• Deep understanding of mortgage industry, fixed income investment, credit risk management, and statistical models
• Strong expertise in credit risk modeling, including statistical analysis, predictive models, and performance monitoring
• Proficiency in data analysis and business intelligence tools to effectively assess and communicate risk insights
• Familiarity with model governance, regulatory compliance, and risk management frameworks 
• Ability to lead and develop high-performing analytical teams, including coaching, prioritization, and performance management
• Strong critical thinking skills and ability to synthesize complex analytical findings into clear and actionable recommendations
• Excellent problem-solving, analytical, verbal/written communication skills
• Effective leader with a collaborative approach and strong stakeholder management abilities 

Salary: $160,000- $180,000 per year ( depends on experience level)

Benefits: Medical Insurance, PTO, 401 (k) and more.

About Us

Peterson Technology Partners (PTP) is an Equal Opportunity Employer committed to creating a transparent, inclusive, and human-centered hiring experience.

For more than 27 years, PTP has operated as one of the top IT staffing and recruiting firms in the USA—built on trust, long-term partnerships, and technical excellence.

Based in the Chicago suburb of Park Ridge, IL, our team of more than 500 employees and consultants is dedicated to:

• Helping every client make the best hiring decisions possible
• Matching professionals with the right IT jobs and career opportunities

As part of that commitment, we believe in providing clear information about how our hiring technologies work and how your data is used. The following section outlines our AI-assisted interview process and your rights as a candidate.

AI-Assisted Interview Experience (Pete & Gabi – Rebecca):

To provide a consistent, fair, and flexible experience for all candidates, we use AI-assisted tools to support parts of the interview process. This includes our proprietary AI platform Pete & Gabi, which includes AI recruiter Rebecca.

These AI hiring tools help us:

• Transcribe interviews
• Summarize candidate responses
• Generate job-related insights
• Streamline communication and scheduling

Please note that:

• The AI does NOT make hiring decisions; all decisions are made by our human recruiters, hiring managers, or client partners.
• The AI does not evaluate facial expressions, emotions, or physical traits; it is used only to support fairness, consistency, and efficiency.

If you prefer a non-AI interview format, we will gladly provide an alternative.