Sr. Risk Analyst

Dallas | Las Colinas
Irving, TX 75063, USA

Cortex Management LLC d/b/a Cortex seeks Sr. Risk Analysts in Irving, TX.

• Establish, maintain, and revise underwriting strategies by conducting statistical and other data mining analyses on data including portfolio history, credit & alternate data and credit & fraud models developed by decision sciences team.
• Understand statistical techniques including linear/logistic regression, CART, and CHAID.
• Establish, maintain, and analyze various Key Performance Indicators that reflect the unit economics and underlying portfolio profitability including Revenue & Yield rates, Charge-offs and loss rates, Recovery, Customer Acquisition Costs (CAC).
• Develop portfolio review materials on a periodic basis that captures key trends against benchmarks and analyze respective variance.
• Communicate to senior management and other credit committee members the key trends and general portfolio health.
• Analyze and recommend optimal product parameters including loan amounts, interest rates and term based on target economics and performance metrics.
• Co-ordinate with the internal
  
  F.b/c:
  Understanding business teams including marketing, product, decision sciences, and technology teams to implement the relevant portfolio strategies including marketing and underwriting strategies, credit policy and loss mitigation strategies.
  
  - Co-ordinate and participate in devising long term portfolio strategies with the credit, marketing, product and loss mitigation teams.
• Develop testing framework, expectations on key metrics and analyze/measure against the key metrics, portfolio tests typically include loan offers, underwriting strategies, account management strategies including credit line increases, loan refinance and amendment programs.
• Present findings and make recommendations to Credit committee and portfolio management teams.
• Developing strategies to optimize consumer strategy, primarily marketing and risk strategies with the intent to maximize unit economics, reduce defaults (losses) and increase the scale of the portfolio.

Requires a Master’s degree in Statistics, Business Analytic, Operations Research, or a related field plus 2 years of related experience. Requires 2 years of experience in highly quantitative roles developing and recommending strategies using quantitative methods and justification; utilizing statistical techniques including decision tree, logistic regression, hypothesis testing;
Financial Services, Risk Management, or Lending; SAS or R or Python or SQL, and Excel. This is a hybrid role with two in‑office days per week at our Irving location.

Equal Opportunity Employer
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