Clearwater Analytics

Product Leader - Private Credit Modeling, Stress Testing, Valuation & Impairments

Clearwater Analytics$207K — $295K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 9+ years of experience in product leadership within financial services, focusing on derivatives (IR/FX/Credit)
  • Proven success in developing end-to-end solutions for derivatives workflows
  • Familiarity with CECL methodology for credit loss estimation
  • Strong understanding of industry regulations (Dodd-Frank/EMIR, ILPA)
  • Ability to translate complex client needs into actionable product requirements
  • Excellent communication skills for interacting with technical and non-technical stakeholders
  • Experience in mentoring or managing team members preferred.

Responsibilities

  • Own the competitive landscape knowledge for derivatives in finance
  • Collaborate with internal teams to create scalable solutions for clients
  • Identify and prioritize market opportunities with Sales leadership
  • Serve as the subject matter expert on industry regulations and represent the company externally
  • Lead product strategy and development for Derivatives, including valuation and risk workflows
  • Support CECL product development by leveraging credit risk modeling expertise
  • Communicate product roadmaps and updates to stakeholders effectively.

Benefits

  • Health, vision, and dental insurance
  • 401(k) plan
  • Paid Time Off (PTO)
  • Parental leave
  • Medical leave
  • Short-term and long-term disability insurance.
Full Job Description
We are seeking a Product Leader - Private Credit Modeling, Stress Testing, Valuation & Impairments to own the strategy, growth, and delivery of our credit risk product suite, spanning private credit valuation, expected credit loss modeling (CECL/ASC 326, IFRS 9/ECL), impairment methodologies, and related global regulatory requirements. This role is ideal for a builder-practitioner who has both defined credit risk products as a vendor-side product owner and carried enterprise-side accountability for implementing and operating those models in production.

The ideal candidate combines deep credit modeling and regulatory domain expertise with strong Agile product delivery skills, direct ownership of commercial growth targets, and a track record of shipping new product capabilities on schedule.

Key Responsibilities:

Product Strategy, Growth & Roadmap Ownership
  • Own the product roadmap and backlog for the private credit modeling and valuation product line, prioritizing features and managing releases in partnership with senior product and engineering leadership to align with regulatory developments and market/client demand.
  • Own growth targets for the product line, including new logo acquisition, expansion revenue, and adoption metrics; partner with Sales and Marketing on pricing, positioning, and go-to-market strategy to hit commercial goals.
  • Take accountability for the timely release of new product launches and feature enhancements, managing scope, timelines, and cross-functional dependencies to avoid slippage.
  • Evolve the roadmap in response to major global regulatory shifts (e.g., CECL/ASC 326, IFRS 9 ECL, jurisdiction-specific impairment and provisioning standards) and emerging private credit market dynamics.


Credit Modeling & Regulatory Implementation
  • Lead end-to-end implementation of private credit valuation and expected credit loss models (e.g., behavioral PD/LGD models) across large, diverse portfolios, defining data and methodology requirements and running executive-level discovery with stakeholders.
  • Own production model management, monitoring, back-testing, and calibration, ensuring outputs are reliable, defensible, and audit-ready.
  • Strengthen model governance through enhanced controls, documentation, and management challenge processes; maintain governance materials and partner with internal/external auditors and regulators through exams and reviews.
  • Track and incorporate global regulatory requirements for credit impairment and provisioning (US GAAP CECL, IFRS 9 ECL, and comparable regional standards) into product methodology and reporting capabilities.
  • Support risk-based pricing and portfolio valuation use cases by ensuring credit models reflect current and forward-looking macroeconomic and credit trends.


Client & Stakeholder Engagement
  • Partner directly with clients (asset managers, lenders, and financial institutions) to gather business requirements, author BRDs/FSDs, and shape business proposals and solution design.
  • Support Sales and Pre-Sales through the RFP process, client demos, and solution consulting, with direct accountability for supporting pipeline conversion and growth.
  • Deliver training and enablement (executive to staff level) to drive adoption of new models, tools, and product releases across client organizations.
  • Conduct client webinars and surveys to build awareness of new features and gather ongoing feedback that informs the roadmap.


Cross-Functional & Team Leadership
  • Lead and mentor business analysts, QA analysts, and junior product team members - documenting epics, prioritizing backlogs, and writing user stories.
  • Coordinate with cross-functional teams (Engineering, Client Success, Professional Services, Quantitative Research) on requirements, design, estimation, pilot launches, and feature implementation to keep launches on schedule.
  • Partner with Marketing on go-to-market messaging, translating product capabilities into client-facing materials, launch collateral, and conference content.
  • Present model outcomes, product performance, and growth metrics to executive leadership and relevant risk/investment committees.


Analytics & Innovation
  • Champion adoption of emerging technology (e.g., AI, Python-based automation) to streamline recurring analytical and model-validation processes.
  • Build supporting analytical tools such as attribution and variance-analysis models that leverage core credit model output for business planning and client reporting use cases.
  • Drive analytics build-out for portfolio monitoring, product evaluation, and valuation benchmarking in partnership with senior leadership.


Qualifications:

Required
  • 10+ years of experience across the full lifecycle of credit risk, private credit valuation, and capital markets technology, spanning both vendor-side product roles and enterprise-side implementation/ownership roles.
  • Deep domain expertise in expected credit loss and impairment modeling (CECL/ASC 326, IFRS 9 ECL) and familiarity with comparable global regulatory regimes.
  • Proven experience owning a product roadmap and backlog in an Agile/Scrum environment, from requirements through design, execution, and rollout.
  • Track record of owning commercial/growth targets for a product line and delivering new product launches on schedule.
  • Strong experience translating client and regulatory requirements into BRDs/FSDs and actionable product/engineering work.
  • Demonstrated ability to lead model implementation and governance in a regulated environment, including work with auditors and regulators.
  • Experience presenting to senior executives, board members, or risk/investment committees.
  • MBA or advanced degree in Finance or related field.


Preferred
  • CFA and/or FRM certification.
  • Experience with credit risk or valuation platforms (e.g., Moody's Impairment Studio/Portfolio Analyzer) or similar vendor tools.
  • Working knowledge of SQL, Python, and modern productivity/AI tools for analytics automation.
  • Experience mentoring and leading business analysts or product team members across onshore/offshore teams.
  • Background supporting Pre-Sales/RFP processes and go-to-market/product marketing initiatives.
  • Exposure to private credit, direct lending, or alternative credit asset classes specifically.


What Success Looks Like
  • New product features and releases delivered on time against a regulatory-aligned, client-validated roadmap.
  • Product line growth targets (new business, expansion, adoption) met or exceeded.
  • Strong model governance and audit outcomes for core credit/valuation models in production.
  • Effective cross-functional partnership across Engineering, Risk, Quantitative Research, and Sales/Marketing.

Salary Range
$207,000.00 - $295,550.00
This is the pay range the Company believes it will pay for this position at the time of this posting. Consistent with applicable law, compensation will be determined based on relevant experience, other job-related qualifications/skills, and geographic location (to account for comparative cost of living). The Company reserves the right to modify this pay range at any time. For this role, benefits include: health/vision/dental insurance, 401(k), PTO, parental leave, and medical leave, STD/LTD insurance benefits.

About Clearwater Analytics

Clearwater Analytics is a global SaaS solution for automated investment data aggregation, reconciliation, accounting, and reporting. Clearwater helps thousands of organizations make the most of investment portfolio data with cloud-native software and client-centric servicing. Every day, investment professionals worldwide trust Clearwater to deliver timely, validated investment data and in-depth reporting. Clearwater aggregates, reconciles, and reports on more than $5.5 trillion in assets across thousands of accounts daily for our Fortune 500 clients.
Learn more about Clearwater Analytics
Size
1,500 employees
Market Cap
$4.4 billion
Industry
NASDAQ

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