Genworth Financial, Inc

Credit Risk Analyst

Genworth Financial, Inc • $70K — $95K *
Raleigh, NC 27610In-Person
Finance & Insurance
Less than 5 years of experience
Reposted 1 week ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in actuarial science, statistics, financial mathematics, or a related field
  • 3+ years of quantitative experience working with credit data and building risk models
  • Experience using statistical or machine learning for modeling loss frequency and severity
  • Experience with the development, testing, and documentation of risk models
  • Proficiency in data manipulation and programming with Python or R
  • Strong communication skills for effective teamwork
  • Self-directed learner who seeks to improve model performance

Responsibilities

  • Assist in developing models for probability of default, loss given default, and exposure
  • Run models to evaluate new business and portfolio performance
  • Validate external models within Enact's Model Risk Framework
  • Integrate models into Enact's data architecture
  • Monitor model performance against actual losses
  • Collaborate with IT to enhance tools for underwriters
  • Conduct stress testing ensuring compliance with regulatory standards

Benefits

  • Hybrid work schedule (in-office days Tues/Wed/Thurs)
  • Generous Time Off
  • 40 Hours of Volunteer Time Off
  • Tuition Reimbursement and Student Loan Repayment
  • Paid Family Leave and Flexible Spending Accounts
  • 401k with up to 5% employer match
  • Fitness and Emotional Wellness Reimbursements
  • Onsite Gym
Full Job Description
Credit Risk Analyst in Raleigh, NC to join us in fulfilling our mission, while utilizing our values of excellence, improvement, and connection. In this role, you will provide insights and expertise in model development and quantitative analysis of credit risk across primary and structured credit insurance opportunities. You are responsible for helping Enact succeed in its targeted acquisition, management, and distribution of credit risk strategy. Success in this role requires a blend of strong analytical skills, a desire to collaborate with others, and effective communication.

LOCATION

Enact Headquarters, Raleigh, NC - Hybrid Schedule

YOUR RESPONSIBILITIES
  • Assist in the development of new probability of default, loss given default and exposure models
  • Run developed models to assist in the quantitative assessment of both new business and portfolio performance ensuring continuity between the two
  • Review and work with external models to help validate if they are fit for use under Enact's existing Model Risk Framework
  • Incorporate internally developed and external models into Enact's data and modeling architecture
  • Monitor model performance against actual loss experience to better inform future improvements
  • Collaborate with IT teams and assist in the development of interfaces and tools that better enable underwriters to interact with model results
  • Use models and loss distributions to perform stress testing across multiple collateral types while ensuring adherence to internal and regulatory standards
  • Help in the design and computation of analytics that support Enact's capital management strategies and risk appetite.
  • Collaborate on designing strategies that inform risk acquisition and distribution


YOUR QUALIFICATIONS
  • Bachelor's degree in actuarial science, statistics, financial mathematics, or a related field
  • 3+ years of quantitative experience working with credit data and building risk models
  • Experience using statistical or machine learning to model frequency and severity of losses
  • Experience developing, testing, diagnosing and documenting risk models and their performance
  • Experience creating reproducible workflows including version-controlled code
  • Proficiency in data manipulation and analysis in a programming language such as Python or R
  • Strong communication skills that allow for collaboration across multiple teams including IT
  • Self-directed learner who proactively identifies knowledge gaps, pursues resources, and consistently applies new techniques to improve model performance or reliability


PREFERRED QUALIFICATIONS
  • Master's degree or equivalent in actuarial science, statistics, financial mathematics, or a related field
  • Experience building interactive data applications with tools such as Streamlit or Shiny
  • Experience in developing credit risk frameworks, underwriting guidance, and pricing strategies
  • Experience with cashflow modeling and financial metrics such as return on equity
  • Experience with structured credit risk transfer transactions


COMPANY
Enact Holdings, Inc. (Nasdaq: ACT), operating primarily through its wholly owned subsidiaries, is a leading publicly traded U.S. private mortgage insurance provider, offering borrower-centric products that enable lenders and other partners across the U.S. to help people responsibly achieve and maintain the dream of homeownership.

By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Headquartered in Raleigh, North Carolina, we play an active role in supporting a healthier Triangle community. We also support our colleagues' philanthropic efforts in their home communities across the U.S. Enact values all perspectives, characteristics and experiences, along with providing a positive and inclusive culture for employees to grow and succeed. We strive to create an environment where employees can bring their full, authentic selves to work to help each other and their customers.

WHY WORK AT ENACT
  • We bring innovative thinking to the situations at hand
  • We seek out and incorporate diverse views to strengthen our outcomes
  • We work on challenging and rewarding projects
  • We offer competitive benefits:
    • Hybrid work schedule (in-office days Tues/Wed/Thurs)
    • Generous Time Off
    • 40 Hours of Volunteer Time Off
    • Tuition Reimbursement and Student Loan Repayment
    • Paid Family Leave and Flexible Spending Accounts
    • 401k with up to 5% employer match
    • Fitness and Emotional Wellness Reimbursements
    • Onsite Gym

About Genworth Financial, Inc

Genworth Financial, Inc. (NYSE: GNW) is a Fortune 500 insurance holding company dedicated to helping people secure their financial lives, families, and futures. Genworth has leadership positions in offerings that assist consumers in protecting themselves, investing for the future, and planning for retirement. In addition, the company is a global leader in managing mortgage default risk. Genworth’s Global Mortgage Insurance Division works with lender partners, regulators, and policy leaders to help more people responsibly achieve and maintain the dream of homeownership. In doing so, it promotes stronger and more sustainable communities around the world. By combining its global experience in mortgage guarantees with technology and service leadership, Genworth delivers innovation to the housing marketplace.

Genworth Financial, Inc Careers

Join the dynamic team at Genworth Financial, Inc, a leader in financial security and insurance services. With a commitment to innovation, leadership, and professional excellence, Genworth offers unparalleled job opportunities that empower you to influence the future of finance.

Work You’ll Do

At Genworth Financial, Inc, you will be part of a culture that thrives on diversity, growth, and continuous learning. As a member of our team, you will help develop solutions that secure the financial lives of millions of people. Our company is at the forefront of combining financial expertise with innovative technology to deliver exceptional service and value to our customers.

Innovate and Lead

Embrace the opportunity to lead in the financial services industry with Genworth. Our leadership is always looking ahead to harness innovative strategies that enhance our competitive edge. You will work alongside top professionals to foster innovation that drives our company forward.

Career Growth and Development

Genworth Financial, Inc is deeply invested in the professional growth and development of its employees. Whether through leadership programs, diversity training, or professional networking opportunities, we ensure that our team members are equipped to rise to new challenges and expand their skills. Our robust internal training programs are designed to support your career aspirations.

Join Our Team

Explore the wide range of job opportunities at Genworth Financial, Inc—from entry-level positions to executive roles. We offer a variety of career paths in areas such as finance, risk management, customer service, and technology. Each position at Genworth is a stepping-stone to further success, whether you are just starting out or are a seasoned professional.

Internship Programs

Kickstart your career with a Genworth internship. Our internships provide invaluable workplace experience and a chance to see what it’s like to work in a global financial services company. Interns at Genworth gain hands-on experience, working on projects that matter, and learning from leaders in the industry.

Benefits and Perks

Genworth Financial, Inc values the well-being of its employees. We offer competitive benefits packages that promote health, well-being, and financial security. Our benefits are designed to support you at different stages of your life and career.

Hiring Process

Our hiring process is designed to identify and recruit the best talent. From the initial resume submission to the final interview, each step allows us to understand your skills and potential fit within our team. We value transparency and communication, ensuring that candidates have a clear understanding of our expectations and the opportunities we offer.

Stay Connected

Search open positions that match your skills and interests on our Careers page. We look for passionate, curious, creative, and solution-driven team players. Join Genworth Financial, Inc and be part of a company that values innovation, leadership, and a diverse and inclusive workplace.

Keep Up to Date

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Embark on a journey of growth, opportunity, and excellence. At Genworth Financial, Inc, every career is a path to success.
Learn more about Genworth Financial, Inc
Size
2,500 employees
Market Cap
$2.5 billion
Industry
Finance & Insurance
Net Income
$178 million
Founded
2004
5 Year Trend
-1.4%
Revenue
$8.6 billion
NASDAQ
GNW
* Ladders Estimates

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