H-1B Visa Credit Risk Analyst Jobs
Credit Risk Analyst roles qualify as H-1B specialty occupations because they require at least a bachelor's degree in finance, statistics, economics, or a related quantitative field. Banks, credit unions, fintech companies, and insurance firms regularly sponsor H-1B petitions for this role, and the annual 85,000-cap lottery applies unless your employer is cap-exempt.
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Get Access To All JobsINTRODUCTION
In this hybrid role based at our Chicago Headquarters, you will provide data-driven insights and recommendations for the effective management of the risk-return trade-off across consumer lending portfolios such as credit cards, personal loans, auto loans, etc. Lead significant workstreams and initiatives leveraging data and analytics. Build productive and constructive relationships with key partners across different functions including but not limited to business line managers, finance, compliance. Drive the development of analytical frameworks and strategies for loan origination, loss forecasting, capital planning and CECL. Analyze data to identify the quantitative and qualitative factors driving the credit risk for consumer & mortgage loans.
ESSENTIAL RESPONSIBILITIES
- Use data and analytics to develop analytical frameworks and strategies for loan origination strategies, loss forecasting, capital planning and CECL.
- Analyze origination risk factors and recommend improvements in underwriting criteria and loan product pricing to increase loan volumes within the risk appetite.
- Review and monitor credit risk for existing accounts in open-ended lending products such as credit card, HELOCs, etc., and recommend line management strategies.
- Support new data acquisition and guide less experienced analysts and other functional areas on current data intricacies.
- Conduct third-party quarterly mortgage & consumer loan portfolio performance analysis.
- Provide thought leadership and rule recommendations for loan origination system implementation and maintenance.
- Assess the risk-adjusted profitability (NPV) of new originations across the portfolios managed.
- Drive analytical projects of high complexity from inception to completion and provide guidance to less experienced analysts on specific projects.
- Ensure effective communication with management and key stakeholders from other functional areas.
- Complete credit risk analytics, which includes but is not limited to loan origination strategy, economic capital setting, credit loss modeling and mitigation, CECL implementation.
- Partner with other areas such as Loss Prevention & Recovery to enable sound collection strategies.
- Collaborate with database administration to streamline two-way communication to ensure data quality.
- Query the data warehouse and other databases to extract, summarize, and save relevant data.
- Drive improvements in test set-up to more accurately assess effectiveness of proposed risk strategies and team up with other departments for project implementation.
- Evaluate, implement, and monitor internally developed or third-party scoring solutions.
- Present recommendations and findings to management.
- Develop periodic reports for audit and regulatory compliance and assist with ad hoc requests.
- Help formulate and revise credit policies and procedures to address new regulations.
EDUCATION & YEARS OF EXPERIENCE
- Minimum - Graduate Degree in Mathematics, Statistics, Quantitative Finance, Financial Engineering, Computer Science or related.
- Minimum - 6 Years of Analytics, Credit Risk or related.
IN LIEU OF EDUCATION
- 10 years of Analytics, Credit Risk or related.
COMPENSATION & BENEFITS
Typical hiring range: $119,400.00 to $204,600.00 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.
Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match including:
- Annual performance bonus
- Work from home up to 3 days a week
- Paid parental leave
- Employee discount programs
- Time off including paid personal and sick days
- 11 paid holidays
- Education reimbursement
Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.
INTRODUCTION
In this hybrid role based at our Chicago Headquarters, you will provide data-driven insights and recommendations for the effective management of the risk-return trade-off across consumer lending portfolios such as credit cards, personal loans, auto loans, etc. Lead significant workstreams and initiatives leveraging data and analytics. Build productive and constructive relationships with key partners across different functions including but not limited to business line managers, finance, compliance. Drive the development of analytical frameworks and strategies for loan origination, loss forecasting, capital planning and CECL. Analyze data to identify the quantitative and qualitative factors driving the credit risk for consumer & mortgage loans.
ESSENTIAL RESPONSIBILITIES
- Use data and analytics to develop analytical frameworks and strategies for loan origination strategies, loss forecasting, capital planning and CECL.
- Analyze origination risk factors and recommend improvements in underwriting criteria and loan product pricing to increase loan volumes within the risk appetite.
- Review and monitor credit risk for existing accounts in open-ended lending products such as credit card, HELOCs, etc., and recommend line management strategies.
- Support new data acquisition and guide less experienced analysts and other functional areas on current data intricacies.
- Conduct third-party quarterly mortgage & consumer loan portfolio performance analysis.
- Provide thought leadership and rule recommendations for loan origination system implementation and maintenance.
- Assess the risk-adjusted profitability (NPV) of new originations across the portfolios managed.
- Drive analytical projects of high complexity from inception to completion and provide guidance to less experienced analysts on specific projects.
- Ensure effective communication with management and key stakeholders from other functional areas.
- Complete credit risk analytics, which includes but is not limited to loan origination strategy, economic capital setting, credit loss modeling and mitigation, CECL implementation.
- Partner with other areas such as Loss Prevention & Recovery to enable sound collection strategies.
- Collaborate with database administration to streamline two-way communication to ensure data quality.
- Query the data warehouse and other databases to extract, summarize, and save relevant data.
- Drive improvements in test set-up to more accurately assess effectiveness of proposed risk strategies and team up with other departments for project implementation.
- Evaluate, implement, and monitor internally developed or third-party scoring solutions.
- Present recommendations and findings to management.
- Develop periodic reports for audit and regulatory compliance and assist with ad hoc requests.
- Help formulate and revise credit policies and procedures to address new regulations.
EDUCATION & YEARS OF EXPERIENCE
- Minimum - Graduate Degree in Mathematics, Statistics, Quantitative Finance, Financial Engineering, Computer Science or related.
- Minimum - 6 Years of Analytics, Credit Risk or related.
IN LIEU OF EDUCATION
- 10 years of Analytics, Credit Risk or related.
COMPENSATION & BENEFITS
Typical hiring range: $119,400.00 to $204,600.00 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.
Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match including:
- Annual performance bonus
- Work from home up to 3 days a week
- Paid parental leave
- Employee discount programs
- Time off including paid personal and sick days
- 11 paid holidays
- Education reimbursement
Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.
See all 148+ Credit Risk Analyst jobs
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Get Access To All JobsTips for Finding H-1B Visa Sponsorship as a Credit Risk Analyst
Align your degree to the SOC code
USCIS scrutinizes whether your degree field directly relates to credit risk work. A finance, statistics, or economics degree maps cleanly to SOC 13-2041. If your degree is in a different field, gather transcript evidence showing quantitative coursework to pre-empt an RFE.
Use OFLC Wage Search before negotiating
Your employer's LCA must certify a wage at or above the DOL prevailing wage for your metro area and experience level. Pull the current figure from OFLC Wage Search so you know the floor before you enter salary discussions, not after an offer is signed.
Target employers with cap-exempt filing history
Universities, nonprofit research institutions, and government-affiliated entities are cap-exempt, meaning your H-1B petition bypasses the lottery entirely. Credit risk roles exist at these organizations in areas like student loan risk, endowment management, and government-backed lending programs.
Find H-1B sponsors on Migrate Mate
Filter Credit Risk Analyst listings on Migrate Mate by employers with verified H-1B LCA filing history so you're applying only to companies that have sponsored this role before, not guessing based on company size or brand name.
Submit your petition early in the filing window
USCIS opens H-1B registration in March and closes it within days. If selected, your employer has until June 30 to file the full I-129 petition. Delays in gathering your credentials, degree evaluations, or employer documentation routinely push filings past that deadline.
Verify your employer is E-Verify enrolled before signing
If you're on OPT and transitioning to H-1B, your STEM OPT extension requires your employer to be enrolled in E-Verify. Confirm enrollment before accepting an offer, since withdrawing STEM OPT authorization after the fact creates a gap in your work authorization.
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Find Credit Risk Analyst JobsCredit Risk Analyst H-1B Visa: Frequently Asked Questions
Does a Credit Risk Analyst role qualify as an H-1B specialty occupation?
Yes. USCIS consistently treats Credit Risk Analyst positions as specialty occupations because the role requires at least a bachelor's degree in a specific field such as finance, economics, statistics, or mathematics. The key is that your employer's job description must specify a degree requirement, not merely a preference. Roles described as open to any bachelor's degree regardless of field have faced RFEs, so the posting language matters.
Which types of employers most commonly sponsor H-1B visas for Credit Risk Analysts?
Commercial banks, investment banks, credit card issuers, fintech lenders, insurance companies, and credit rating agencies are the most active H-1B sponsors for this role. You can identify which specific employers have filed LCAs for Credit Risk Analyst positions by searching Migrate Mate, which surfaces employers with verified DOL Labor Condition Application filing history for this occupation.
What happens to my H-1B status if my employer's credit risk function is restructured or my role is eliminated?
Your H-1B status is tied to your specific employer and position. If your role is eliminated, you have a 60-day grace period to find a new sponsor, transfer your H-1B to a new employer, or depart the U.S. A new employer can file an H-1B transfer petition on your behalf, and you can start working as soon as USCIS receives that petition, not after approval, under the portability rules in AC21.
Can I use O*NET to verify that my Credit Risk Analyst role meets H-1B requirements?
O*NET lists Credit Analysts under SOC code 13-2041 and documents the typical education and knowledge requirements for the occupation. While USCIS doesn't rely solely on O*NET classifications, the profile supports your employer's argument that the position requires a specific bachelor's degree. Including O*NET documentation in your petition package alongside the job description strengthens the specialty occupation case.
Does the prevailing wage level assigned to my role affect my H-1B approval odds?
The prevailing wage level, set by DOL through OFLC, doesn't directly affect approval odds, but it affects what your employer must certify on the LCA. If your employer assigns a Level I wage to a senior analyst role, USCIS may question whether the position is truly specialized. Wage Level III or IV assignments for experienced Credit Risk Analysts are more consistent with the specialty occupation standard and less likely to trigger RFEs.
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