Credit Model Developer [Must have credit risk model (PD, LGD, EAD, ALLL)] - New York, NY/On-Site
Company: STI
Location: New York City
Posted on: April 1, 2026
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Job Description:
Job Title: Credit Model Developer Location: New York,
USA/On-Site Interview Process: 2 Rounds – 1 Virtual & 1
Face-to-Face Job Summary: We are seeking a skilled Credit Model
Developer with strong expertise in Python and PySpark, coupled with
a solid statistical or quantitative background. The ideal candidate
will have experience in credit risk model development (PD, LGD,
EAD, ALLL) and a deep understanding of rating models used in
financial institutions. Key Responsibilities: Develop, enhance, and
implement credit risk models (PD, LGD, EAD, ALLL) using Python and
PySpark. Work closely with quantitative teams to design, test, and
validate model frameworks. Perform statistical analysis, model
calibration, and performance monitoring. Collaborate with business
and risk teams to translate regulatory and business requirements
into model specifications. Prepare documentation and support
internal/external model reviews. Required Skills & Qualifications:
Strong programming skills: Python and PySpark (hands-on experience
required). Quantitative / Statistical background – degree in
Statistics, Mathematics, Engineering, Financial Engineering, or
related field. Proven experience in credit risk model development
(PD, LGD, EAD, ALLL). Experience working on rating models within
financial or banking domains. Note: This role focuses on model
development — model validators are not required. Nice to Have:
Experience with regulatory model frameworks and governance
processes. Familiarity with large-scale data environments and
distributed computing.
Keywords: STI, Brick , Credit Model Developer [Must have credit risk model (PD, LGD, EAD, ALLL)] - New York, NY/On-Site, IT / Software / Systems , New York City, New Jersey
