Senior Credit Risk Management Analyst

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community?  Provident is a successful and highly regarded multi-billion dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York.  Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do.  At Provident Bank, we are committed to enhancing our customer and employees’ experience.   



This position reports to the Credit Risk Analytics Manager (“CRAM”).  The candidate will be primarily responsible for i) preparing the Bank’s Allowance for Credit Losses (“ACL”) under for Current Expected Credit Loss (“CECL”) standard and the Bank’s Commercial Real Estate Stress Test, ii) developing ad-hoc credit analytics and reports, and iii) supporting the initiatives and projects sponsored by the Credit Risk Department.




  • CECL:
    • Run monthly CECL calculation and produce required analyses / reports.
    • Perform required CECL model monitoring activities including input sensitivities and back-testing.
    • Perform annual monitoring and re-calibration of qualitative factors and qualitative factor frameworks revision as needed.
    • Provide analytical support to Credit Risk Analytics Manager (CRAM) and third-party CECL model developer as needed regarding model re-development activities and documentation.
    • Provide support to CRAM regarding model validation activities.
    • Provide support to CRAM as needed regarding scoping of bottom’s up models for selected significant portfolios including CRE, MF and C&I.
  • CRE and Construction Stress Test:
    • Perform periodic and ad hoc CRE Stress Test and related activities, including sample data QC.
    • Provide analytical support regarding development of economic scenarios and refinement of model inputs / assumptions.
    • Perform property type specific deep dives and stresses.
    • Assist CRAM with development of Construction Stress Test Program including third-party developer due diligence and selection and data scoping.
  • Dual Risk Rating Scorecards:
    • Assess methodology and provide analytical support regarding calibration of Moody’s scorecards.
  • Capital Stress Testing:
    • Provide support to Bank’s Capital Stress Test Program including vendor / platform due diligence and selection and methodology review.
  • Other activities:
    • Process Improvement:
      • Identify opportunities for process improvements and implementing those improvements using technology including computer programming.
    • Benchmarking activities including CECL.
    • Assist CRAM with identification, testing and implementation of more robust technology, data and modeling solutions for a variety of applications, including CECL (e.g., Moody’s), stress testing, and credit and data analytics (e.g., Dataiku).
  • Assist CRAM with scoping and development of stress tests on other commercial portfolios including C&I.
  • Other duties as required.




  • Ability to influence positive outcomes across a wide variety of business areas.
  • Solutions-driven, confident, ethical, and highly motivated.
  • Must be flexible and able to operate in a fast-paced environment.
  • Strong analytical, quantitative, critical thinking, problem solving, communication and time management skills are required. 
  • Ability to work independently and build strong and productive working relationship is required.
  • Strong analytical writing skills are required.
  • Experience with Abrigo, Trepp and Moody’s platforms and solutions preferred.
  • Knowledge of SR11-7, OCC, FRB and other relevant banking regulations and regulators is preferred. 
  • Knowledge of computer languages such as Python preferred.
  • Advanced Excel skills including Macro / VBA programming.



  • Advanced degree preferably in finance and/or statistics.



  • 3+ years of experience in CRE and/or C&I underwriting required.
  • 2+ years of experience with credit risk models and allowance reserve models preferred.
  • Banking experience in credit risk and portfolio risk management



        Licenses and Certifications                                                             Expiration Date




Work is performed in a normal office environment.  Noise levels are usually moderate. 



The hazards are mainly those present in a normal office setting. 

This job description may not be all-inclusive.  Employees are expected to perform other duties as assigned and directed by management.  Job descriptions and duties may be modified when deemed appropriate by management.



Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.                                                                                                      


We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.

About Provident Bank

For more than 180 years, Provident Bank has served individuals, families, and businesses in our local communities with personal and business banking services.

Volunteering is a Way of Life

Our brand promise - “Commitment you can count on” - supports the investments we make in the community and donations made by our employees. It’s a promise also reflected in the volunteerism of our employees, who lend time and talent and countless hours to assist hundreds of organizations and thousands of people and animals each year.

Why do we love it?

  1. We get to volunteer in areas that are meaningful to the bank and impactful in the community.
  2. Through generous contributions, we have raised over $912,000 in 2022. No item or donation is too small; we find a home for it all.

Nearest Major Market: New Jersey