Job Description: Credit Risk Analyst
Company: Oak Brook Bancorp
Position Type: Full-Time
About Us:
Oak Brook Bancorp is a leading financial institution dedicated to providing exceptional service and innovative financial solutions. We are seeking a detail-oriented and analytical Credit Risk Analyst to join our dynamic team. This role is critical in managing and mitigating credit risks, ensuring the financial health of the organization.
Key Responsibilities:
- Credit Assessment: Evaluate creditworthiness by analyzing financial statements, credit reports, and other relevant data for individuals and businesses.
- Risk Modeling: Develop and implement quantitative risk models to predict credit risk exposure and assess potential losses.
- Portfolio Monitoring: Monitor credit portfolios to identify emerging risks, ensure adherence to credit limits, and recommend adjustments as needed.
- Compliance: Ensure credit risk evaluations comply with regulatory requirements and internal credit policies.
- Reporting: Prepare comprehensive reports on credit risk findings, including risk ratings, trends, and recommendations, for senior management and stakeholders.
- Collaboration: Work closely with the lending team, finance department, and other key stakeholders to align risk management strategies with business goals.
Qualifications:
- Bachelor's degree in Finance, Economics, Business Administration, or a related field.
- Minimum of 2-5 years of experience in credit risk analysis or a similar role within the financial services industry.
- Strong proficiency in financial analysis, credit evaluation, and risk assessment techniques.
- Experience with statistical modeling tools, data analytics software, and credit scoring systems.
- Knowledge of regulatory frameworks such as Basel II/III and experience ensuring compliance with them.
- Exceptional analytical and problem-solving skills with attention to detail.
- Strong verbal and written communication skills for preparing reports and presenting findings.
Preferred Skills:
- Advanced certifications such as CFA, FRM, or PRM are a plus.
- Familiarity with financial databases and enterprise resource planning software.
- Experience in commercial and retail lending environments.