Credit Risk Management - Risk Analytics – Model Team AVP

Bank of China USA; New York (NY); On-site; USD 65,000 - 150,000; Full time

Job summary

A leading banking institution is seeking a motivated individual for the AVP role in Credit Risk Management. The position focuses on model development, credit risk analytics, and providing comprehensive support for risk-related analysis. Candidates should possess relevant experience and strong quantitative skills within a dynamic team environment.

Qualifications

• Minimum 4 years of experience in stress testing and credit risk management.
• Experience with risk rating modeling required.
• CPA/CFA/FRM certification preferred.

Responsibilities

• Develop credit models, perform quantitative research, and enhance model documentation.
• Support model validation and communicate findings.
• Conduct periodic evaluations of credit models.

Skills

Quantitative Analysis

Credit Risk Modeling

Data Analysis

Education

Bachelor's degree in Statistics/Mathematics/Engineering/Quantitative

Master's degree preferred

Job description

Join to apply for the Credit Risk Management - Risk Analytics – Model Team AVP role at Bank of China USA

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Join to apply for the Credit Risk Management - Risk Analytics – Model Team AVP role at Bank of China USA

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Overview

The position will assist in developing and maintaining credit methodology and infrastructure. Main responsibilities include establishing/maintaining credit risk measurement methodologies, building and maintaining credit risk analytics infrastructure and tools, as well as providing on-going analytical support for credit risk related analysis.

Responsibilities

Credit Risk Model Development:

• Develop credit related models (including but not limited to risk rating models, CECL model, stress testing models), test, implement and deliver the comprehensive technical and non-technical model documentation
• Obtain and prepare model development data in support of standing up credit risk models
• Perform quantitative research to implement model changes, enhancements and remediation plans
• Work with stakeholders across business and functional teams during model development and implementation process
• Create tools and dashboards which can enhance and improve the risk analysis
• Conduct analysis of the implemented model short-comings and design model enhancement plans
• Identify risks not captured by analytics, develop and implement methodology to quantify the materiality, and design a strategic plan to better integrate and manage such risk
• Support discussions with model owner, stakeholders and regulators as a subject matter expert
• Provide training and guidance to model users
  
  

Support Model Validation

• Communicate with model users, model risk manager and senior management regarding validation findings and remediation activities
• Independently coordinate the remediation of model validation findings and provide analytical remediation solutions
• Remediate model risk management findings via applying analytical skills and produce model findings remediation report
• Enhance model documentation to meet model risk management requirement
• Support and drive the team to implement the activities defined in model risk management framework and ensures that adherence to model risk management framework
  
  

Model Performance And Ongoing Monitoring

• Maintain credit model inventory and conduct annual model review and ongoing performance monitoring
• Periodically evaluates and enhances the models to maintain their relevance and ensure compliance with current regulatory requirements
• Collaborates with business units to identify the relevant data used in analyses and modeling and to ensure that it is collect and retained
• Develops, enhances, implements, documents and provides ongoing expert support for the practical applications of analytics, financial economics, and quantitative methods in support management decision making and risk management
  
  

Quantitative Analysis

• Conducting research and analysis to provide a micro view of risk management in a particular business line and a macro view of risk management for the bank as a whole
• Provides technical knowledge and advice to management related to quantitative analysis, modeling and stress testing
• Develops, documents, and maintains quantitative tools and models used to measure risks, including but not limited to quantify the Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) to be used in the credit review process and in the calculation of the allowance for credit losses
  
  

Qualifications

• Bachelor's degree in Statistics/Mathematics/Engineering/Quantitative required, Master's preferred
• Minimum 4 years of experience in stress testing, allowances methodology, risk rating modeling and credit risk management at a financial institution
• CPA/CFA/FRM preferred
• Demonstrate broad knowledge of credit markets and specific products knowledge including corporate loans, structured loans, leveraged loans, mergers & acquisition finance, project finance and trade finance, and accounting and capital market knowledge
• Demonstrate knowledge in at least one of the areas: Stress testing, CECL, Rating Methodology
  
  

Pay Range

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.

USD $65,000.00 - USD $150,000.00 /Yr.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

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