Director, Credit Modeling
Grasshopper Bank
Remote
Posted on Jan 28, 2025
Grasshopper Bank is a client-first, digital bank built for the business and innovation economy, with an obsession for providing leading-edge technology, solutions-driven products and superior service through a combination of passionate people and digital resources.
We are a highly experienced team who pride ourselves on diversity of thought and perspective. Nationally chartered, our portfolio of products and services range from VC, PE & Portfolio Companies to SBA Lending, as well as direct SMB and Embedded Banking.
Our entrepreneurial drive allows us to support the growth and success of a wide range of clients at every stage of their business through inclusive partnership. We seek out team members who will enable both our organization and our people to grow and thrive through collaboration and acting with integrity and respect.
Our focus on cross-functional teamwork provides a culture where ideas are valued, accountability is encouraged, and successes are celebrated. We welcome all those searching for the opportunity to contribute to banking innovation that influences and supports the emerging digital world of Financial Services.
Our digital first approach enables our teams the flexibility to work remotely. We have offices in NYC and Boston.
- Department
- Credit
- Employment Type
- Full Time
- Location
- Remote
- Workplace type
- Fully remote
- Reporting To
- Steve Kerr
What you'll do:
The Director, Credit Modeling is responsible for effectively developing and implementing models which enable the Bank to optimally measure, monitor and manage its credit risk. The ideal candidate will bring expertise in credit risk modeling and advanced analytics with a passion for optimizing decisioning in a tech-driven banking environment.
Responsibilities Include:
Responsibilities Include:
- Develop and implement cutting-edge models for credit decisioning, including application, behavioral, and portfolio scorecards
- Create models to assess Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) for commercial and consumer lending portfolios
- Analyze customer and business data (e.g., financials, transactional data, alternative data) to build predictive features for credit models
- Ensure data integrity and quality, and proactively address any gaps or inconsistencies
- Explore new data sources and methodologies to enhance underwriting processes
- Ensure seamless deployment and performance monitoring of models in production environments
- Tests the portfolio under various economic scenarios (stress testing), to determine the potential impact on the Bank’s Allowance for Credit Loss
- Monitor and validate the performance of deployed models, ensuring they remain effective, accurate, and compliant over time
- Support audits, regulatory reviews, and internal governance processes
What you need:
- Bachelor’s or Master’s degree in Data Science, Statistics, Mathematics, Economics, or a related field
- 5+ years of experience in credit risk modeling, analytics, or data science within banking, fintech, or financial services
- Understanding of credit risk modeling techniques and frameworks, including regulatory requirements
- Excellent communication skills to translate technical findings into business insights
- High attention to detail and a commitment to quality and compliance
- Knowledge of consumer and commercial credit products
- Experience with Large Language Models and Generative AI
- Familiarity with the broader technology landscape, including emerging trends in AI and Data Science
About Grasshopper Bank
Grasshopper is a client-first digital bank serving small businesses, startups, and investors supporting them across the innovation economy. Our digital solutions cover small business, venture-backed companies, fintech-focused Banking-as-a-Service (BaaS) and commercial API banking platforms, SBA lending, commercial real estate lending, and yacht financing. Privately owned and headquartered in New York City, the bank is a Federal Deposit Insurance Corporation member and is an Equal Housing/Equal Opportunity Lender.
We're always looking for talented, driven, visionary people to join our team. If you don't see the job that fits your skillset, please send your resume to recruiting@grasshopper.bank.
We're always looking for talented, driven, visionary people to join our team. If you don't see the job that fits your skillset, please send your resume to recruiting@grasshopper.bank.
Our Hiring Process
Stage 1:
Applied
Stage 2:
Review