Credit Risk Management - Risk Analytics – Model Team AVP

Bocusa; New York (NY); On-site; USD 65,000 - 150,000; Full time

Job summary

A leading banking institution is seeking a Credit Risk Manager to enhance their credit risk analytics infrastructure. The role involves developing risk models, conducting quantitative analyses, and engaging with stakeholders to manage and improve credit risk methodologies. This is a full-time position based in New York with a competitive salary range.

Benefits

Medical insurance

Vision insurance

401(k)

Qualifications

• Experience in developing credit risk models and methodologies.
• Ability to conduct quantitative research and analysis.
• Strong communication skills for stakeholder engagement.

Responsibilities

• Develop credit-related models and perform quantitative analysis.
• Conduct ongoing monitoring and performance review of models.
• Support training and guidance for model users.

Skills

Quantitative analysis

Risk assessment

Model development

Education

Bachelor's degree in Finance or related field

Advanced degree preferred

Job description

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This range is provided by Bank of China USA. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$65,000.00/yr - $150,000.00/yr

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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.

Job Duties

Include but are not limited to:

• 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
• 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

The salary range for the AVP position is $65,000-$150,000. Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Banking

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Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

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