Associate - Portfolio Credit Risk Modeling

Location: Columbus, Ohio, at One hirify.global Plaza; the role is intended to be based in Columbus, though remote candidates with critical industry skills and relevant experience may be considered. The position could be filled within the lower 48 U.S. states.

Salary: $118,000–$222,000 annually; expected starting range: $118,000–$178,000.

Company

Fortune 100 insurance and financial services organization using data, risk analytics, and investment expertise to support business and customer outcomes.

What you will do

• Develop a multi-year stochastic credit risk model using a Merton approach for corporate bonds, commercial mortgage loans, and structured assets.
• Research credit default history, migration behavior, recovery experience, and credit risk cycles to define assumptions, scope, and limitations.
• Design and execute comprehensive model validation and analyze model outputs, limitations, and business impact.
• Build analytical frameworks connecting assumptions, inputs, and outputs to clearly interpret modeling results.
• Collaborate with specialty finance teams, asset managers, and finance partners on underwriting, asset allocation, risk transfer, and product growth decisions.
• Guide junior credit risk analysts and help strengthen the organization’s credit risk modeling capabilities.

Requirements

• Experience with portfolio credit risk models, including single-factor models, Merton models, and Gaussian copula frameworks.
• Strong understanding of credit defaults, rating migrations, default probabilities, recovery rates, and credit risk cycles.
• Knowledge of corporate bonds, commercial mortgage loans, structured assets, insurance investment portfolios, and statutory capital frameworks.
• Proficiency in Python, MATLAB, or similar tools for developing Monte Carlo simulation models; working knowledge of statistical techniques and financial engineering.
• Typically five or more years of experience in financial risk modeling or actuarial functions.
• Employer-sponsored work authorization is not available, and the position does not qualify for the STEM OPT extension program.

Nice to have

• Progress toward or completion of CFA, FRM, FSA, FCAS, CQF, or a similar designation.
• Graduate-level studies in finance, statistics, mathematics, actuarial science, or a related field.

Culture & Benefits

• Collaborative and agile work environment with cross-functional work across finance, risk, specialty finance, and asset management.
• Medical, dental, and vision coverage; life insurance; and short- and long-term disability coverage.
• Paid time off, nine paid holidays, Lifetime paid time off, and Unity Day paid time off.
• 401(k) with company match and a company-paid pension plan.
• Normal office environment and exempt status with no overtime eligibility.

Hiring process

• Applications are anticipated to be accepted until October 8, 2026, though the posting may close earlier.