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Senior Econometric Analyst (Federal Credit & Model Validation)

Overview

IT Data Consulting, LLC (ITDC) is seeking a Senior Econometric Analyst to support our federal clients' federal credit programs. The selected candidate will lead and support credit risk modeling, econometric analysis, and model validation activities for federally backed loan and guarantee portfolios. This role requires deep expertise in federal credit program requirements, including compliance with OMB Circular A-11, Federal Credit Reform Act (FCRA), and model risk management best practices.

Responsibilities
  • Develop, implement, and maintain econometric and statistical models supporting federal credit programs (e.g., loan guarantees, direct lending, subsidy estimation)
  • Perform independent model validation (IMV), including: Conceptual soundness review, data and input validation, replication and benchmarking, sensitivity and stress testing, etc.
  • Analyze credit risk, default, prepayment, recovery, and loss severity across loan portfolios
  • Support subsidy cost estimation and re-estimation in accordance with FCRA and OMB A-11 requirements
  • Develop and maintain documentation to meet federal audit, OIG, and regulatory standards
  • Translate complex analytical results into clear, decision-ready insights for senior stakeholders
  • Collaborate with program, policy, and technical teams to ensure alignment with governance, compliance, and reporting requirements
  • Support development of data pipelines and analytical frameworks for portfolio monitoring and reporting
Required Qualifications
  • Master’s or Ph.D. in Economics, Econometrics, Statistics, Finance, or related quantitative field
  • 7+ years of relevant experience in econometric modeling, credit risk analytics, or financial modeling
  • Direct experience supporting federal credit programs (e.g., SBA, DFC, FHA, USDA, EXIM, or similar)
  • Strong knowledge of: Federal Credit Reform Act (FCRA), OMB Circular A-11 (Credit Supplement), Model Risk Management (e.g., SR 11-7 or equivalent frameworks), etc.
  • Proven experience in model development and/or independent validation
  • Proficiency in statistical tools such as R, Python, SAS, or Stata
  • Experience working with large, complex datasets and structured/unstructured data
  • Strong written and verbal communication skills, including experience supporting audit and regulatory reviews
Preferred Qualifications
  • Experience with subsidy modeling, cash flow modeling, and credit cohort analysis
  • Familiarity with federal financial reporting and budget processes
  • Experience supporting OIG, GAO, or independent audit engagements
  • Knowledge of AI/ML applications in credit risk modeling (with appropriate governance controls)
  • Active security clearance or ability to obtain one

ITDC is a fast-growing federal contractor delivering data, analytics, and governance solutions across civilian and defense agencies. We specialize in high-impact, audit-ready analytical environments, supporting mission-critical programs in housing finance, credit risk, and financial oversight.

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