Software Technology Inc.

Compensation

Full Description

Job Title: Credit Model Developer Location: New York, USA Interview Process: 2 Rounds – 1 Virtual & 1 Face-to-Face Duration: Long Term Contract 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.