Quantitative Risk Modeling
About the position
The Associate of Quantitative Risk Modeling is a key role within our corporate bank focused on supporting the enhancement of the Comprehensive Capital Analysis and Review (CCAR) framework and managing global market shock scenarios. This role requires a motivated individual who can assist in the development, implementation, and management of stress testing processes, ensuring robust risk management and regulatory compliance.
Responsibilities
ā¢ Apply and leverage econometric forecasting models to assist the creation and refinement of CCAR and global market shock scenarios, incorporating economic, financial, and market conditions
ā¢ Support the execution of stress tests to assess the resilience of the bank's portfolio under various adverse conditions
ā¢ Help analyze and interpret stress test results to identify potential risks and vulnerabilities within the bank's portfolio
ā¢ Ensure all stress testing activities are in line with regulatory requirements and guidelines
ā¢ Collaborate with key stakeholders, including senior management, risk teams, and regulators, to communicate stress test findings and implications
ā¢ Assist in developing comprehensive reports and documentation to support stress test results and regulatory submissions
ā¢ Contribute to ongoing enhancements to the stress testing framework and methodologies to adapt to changing market conditions and regulatory landscapes
Requirements
ā¢ Bachelor or Master's degree in Economics, quantitative finance, or other related fields
ā¢ Minimum of 2-3 years of experience in risk management, stress testing, or related areas within the financial industry
ā¢ Strong analytical and quantitative skills, proficiency in risk modeling and scenario analysis, excellent communication and teamwork capabilities
ā¢ Basic understanding of CCAR regulations, global market dynamics, and financial risk management principles
Nice-to-haves
ā¢ Relevant certifications such as CFA, FRM, or PRM are desirable
Benefits
ā¢ Competitive salary range between $95,000.00 and $150,000.00
ā¢ Annual discretionary incentive award
ā¢ Comprehensive benefits portfolio
Apply Now
Apply Now
The Associate of Quantitative Risk Modeling is a key role within our corporate bank focused on supporting the enhancement of the Comprehensive Capital Analysis and Review (CCAR) framework and managing global market shock scenarios. This role requires a motivated individual who can assist in the development, implementation, and management of stress testing processes, ensuring robust risk management and regulatory compliance.
Responsibilities
ā¢ Apply and leverage econometric forecasting models to assist the creation and refinement of CCAR and global market shock scenarios, incorporating economic, financial, and market conditions
ā¢ Support the execution of stress tests to assess the resilience of the bank's portfolio under various adverse conditions
ā¢ Help analyze and interpret stress test results to identify potential risks and vulnerabilities within the bank's portfolio
ā¢ Ensure all stress testing activities are in line with regulatory requirements and guidelines
ā¢ Collaborate with key stakeholders, including senior management, risk teams, and regulators, to communicate stress test findings and implications
ā¢ Assist in developing comprehensive reports and documentation to support stress test results and regulatory submissions
ā¢ Contribute to ongoing enhancements to the stress testing framework and methodologies to adapt to changing market conditions and regulatory landscapes
Requirements
ā¢ Bachelor or Master's degree in Economics, quantitative finance, or other related fields
ā¢ Minimum of 2-3 years of experience in risk management, stress testing, or related areas within the financial industry
ā¢ Strong analytical and quantitative skills, proficiency in risk modeling and scenario analysis, excellent communication and teamwork capabilities
ā¢ Basic understanding of CCAR regulations, global market dynamics, and financial risk management principles
Nice-to-haves
ā¢ Relevant certifications such as CFA, FRM, or PRM are desirable
Benefits
ā¢ Competitive salary range between $95,000.00 and $150,000.00
ā¢ Annual discretionary incentive award
ā¢ Comprehensive benefits portfolio
Apply Now
Apply Now