Genworth Financial, Inc

Senior Credit Risk Modeling Manager

Genworth Financial, Inc • $110K — $130K *
Raleigh, NC 27610In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in financial mathematics, actuarial science, statistics, or related field
  • 7+ years of quantitative experience in insurance, reinsurance, or finance
  • Experience developing and testing risk models
  • Knowledge of stochastic modeling concepts
  • Experience with capital modeling and financial metrics
  • Exceptional analytical and organizational skills
  • Proven ability to execute projects independently under deadlines
  • Strong communication and collaboration skills across all organizational levels

Responsibilities

  • Build quantitative frameworks for assessing credit risk and performance
  • Apply modeling techniques to evaluate collateral and macroeconomic trends
  • Develop and maintain pricing and portfolio risk models for reinsurance
  • Design stress testing and sensitivity analyses to support decision-making
  • Align modeling outputs with regulatory and governance standards
  • Evaluate and improve internal models for compliance
  • Analyze data to identify risk drivers and emerging trends
  • Collaborate with cross-functional teams to translate analytics into business strategies
  • Document models transparently to support governance
  • Present modeling insights to diverse stakeholders

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
Full Job Description
Senior Credit Risk Modeling Manager in Raleigh to assess, model, and price its growing reinsurance business. This individual contributor role involves modeling, analyzing, structuring, pricing, and managing risk. You will collaborate closely with teams to shape credit products and influence key decisions by tackling complex problems and delivering meaningful results. You are responsible for helping Enact succeed in its long-term growth strategy. Success in this role requires a blend of strong analytical skills, financial acumen, insurance and credit risk modeling expertise, and effective communication.

LOCATION

Enact Headquarters, Raleigh, NC - Hybrid Schedule

YOUR RESPONSIBILITIES
  • Build quantitative frameworks to assess credit risk, expected performance, loss emergence, capital usage, and deal-level economics across transaction types.
  • Apply statistical, stochastic, and scenario-based modeling techniques to evaluate collateral performance, ratings migration, macroeconomic trends, and stress outcomes.
  • Develop, enhance, and maintain pricing, exposure, and portfolio risk models for reinsurance transactions and emerging business opportunities.
  • Design and execute scenario, sensitivity, stress testing, and what-if analyses to support underwriting decisions, capital management, and portfolio risk limits.
  • Align modeling assumptions, pricing approaches, and risk outputs with internal standards, regulatory requirements, rating agency views, and model risk governance expectations.
  • Evaluate, validate, and improve internal and external models to ensure they are fit for use under Enact's Model Risk Framework.
  • Analyze transaction and portfolio performance data to identify key risk drivers, emerging trends, concentration risks, and actionable business insights.
  • Partner with Underwriting, Finance, Actuarial, Risk, Operations, IT, and leadership teams to gather data, interpret model results, and translate analytics into business recommendations.
  • Clearly document model assumptions, limitations, risks, controls, and confidence levels to support transparency, repeatability, and governance.
  • Present concise, decision-ready modeling insights and recommendations to technical and non-technical stakeholders, including senior leadership.


YOUR QUALIFICATIONS
  • Bachelor's degree in financial mathematics, actuarial science, statistics, or related field
  • 7+ years of quantitative experience working with performance data and building risk models in insurance, reinsurance, or finance
  • Experience developing, testing, and documenting quantitative frameworks and risk models
  • Knowledge of stochastic modeling concepts and application
  • Experience working with capital modeling, financial cashflows and financial metrics
  • Exceptional quantitative, analytical, and organizational skills
  • Proven ability to take independent ownership of projects and deliver results under tight deadlines
  • Strong communication, presentation, and collaboration skills that allow for collaboration and at all levels within the organization, including senior management


PREFERRED QUALIFICATIONS
  • Advanced degree, CFA, FRM, or actuarial designation preferred
  • Experience in developing risk frameworks, underwriting guidance, and pricing strategies
  • Experience with structured credit both in single name and portfolio form
  • Proficiency in data manipulation and analysis via SQL and Excel or a programming language such as Python, R, SAS or similar


COMPANY
Enact 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, and DEI remains at the forefront of what we do. 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 (shared 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


* This role is not eligible for employment visa sponsorship.

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.

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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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