Lead Quantitative Analyst

Regal Executive Search; Smithfield (RI); On-site; USD 120,000 - 160,000; Full time

Job summary

Regal Executive Search is seeking a quantitative analyst to establish a methodology and execution framework for continuous writing and publication of research reports that communicate rating assessment and rationale to Sr. Management.

The incumbent will mine internal and peer credit data, conduct bank industry and sector research, and present rating assessments to senior management to support alignment of risk appetite with strategic plans.

Qualifications

• Bachelor Degree in Accounting, Finance or Operations Management.
• Demonstrated leadership, project management, and analytical communication skills.
• Strong financial acumen and ability to translate data into actionable insights.
• Experience with credit risk assessment and regulatory knowledge is desirable.

Responsibilities

• Author rating reports summarizing research and analyses.
• Meet with credit officers and business management.
• Conduct bank industry and sector research.
• Present rating assessments and rationale to senior management.
• Collaborate with Risk, Finance, Treasury and business lines to monitor risk-adjusted performance.
• Develop and manage action plans to close identified gaps.

Skills

Leadership

Project management

Analytical skills

Communication

Organizational skills

Strategic thinking

Mentoring

Education

Bachelor Degree in Accounting or Finance

Job description

This quantitative analyst position will be responsible for establishing a methodology and execution framework of continuous writing and publication of research reports that communicate rating assessment and rating rationale to Sr. Management.

Incumbent will mine internal and peer credit data to make recommendations to the executives on how well the business performance of wholesale and retail portfolios coincides with risk appetite strategy and strategic plan.

Primary duties will include:

• Authoring reports that summarize the research and analyses performed.
• Conducting meetings with credit officers and business management;
• performing bank industry and sector research;
• performing analysis of key internal quantitative and qualitative factors;
• presenting rating assessments and rating rationale to senior management;
• Position will also require active role in assisting in related industry studies

The analyses and recommendations will be made exclusively for the benefit of the Sr. Executive team.

Incumbent will carefully study the underlying components of credit, market, operational and regulatory performance of and document the division's degree of confidence that it will be able to meet its commitments to the overall strategic plan to improve the Bank's external rating with ratings agencies.

Incumbent will carry out data analysis and bank research, write formal rating reports that evidence analytically the strength of the risk management program.

All assessments will be based on evidence drawn from scrutinizing underlying drivers of forecasted and actual credit and business performance of the Wholesale and Retail book of business.

The incumbent will partner with colleagues in Risk Architecture, Finance, Treasury and the business line to report progress of expected risk-adjusted rates of return and other risk appetite measures, with summarized commentary supporting the 'rating' of the program.

Assessments will profile the underlying creditworthiness of identified portfolio segments, sector concentrations and other policy governors (e.g. single name concentrations, total committed exposures) to ascertain progress against business goals in the context of a range of economic scenarios.

This individual will participate and contribute to internal discussions on identified issues in review meetings with senior management based on the content of the rating assessment and establish and management action plans to close self-identified gaps.

Closely follow internal business developments within Wholesale and Retail portfolios, assessing the potential impact on the risk management program.

Regularly meet with credit officers and business lines to discuss strategy, performance and risk management.

Establish and follow standards of external sector-wide developments and assess and document their potential impact on progress internal strategy.

Perform analysis and interpret financial, credit, treasury and reports and external benchmarking standards.

Author monthly rating assessment summaries, including commentary with supporting analytic evidence and present to internal Sr. Executives.

Participate in the preparation of special reports.

Participate and contribute to internal discussions on identified issues in review meetings with senior management based on the content of the rating assessment and establish and management action plans to close self-identified gaps.

Qualifications

Bachelor Degree in Accounting, Finance or Operations Management required

Strong leadership, project management, problem solving, analytical, communication and organizational skills.

Ability to develop vision and strategy for area of responsibility and contribute to the development of the company-wide strategy, priorities and major policy decision

Proven leadership skills and managerial expertise and ability to motivate and empower direct and indirect reports to achieve expectations for own area with the ability to set, monitor and evaluate quality, productivity and performance standards of staff

Strong financial acumen. Ability to establish controls around financial data used in executive management information.

In-depth knowledge and expertise of own and related areas of the company - Credit Risk, Capital Adequacy, Reserve Adequacy, BASEL, regulatory, operational, market and liquidity risk management measurement disciplines.

Proven expertise in planning and executing operational plans, managing large, complex change-management projects and programs, audit and control of business processes

Strong written and verbal communication skills

Strong interpersonal relationship building skills

5+ years experience in the following areas:

Credit Risk, Corporate or Regulatory Reporting. Reengineering and Change Management.

In-depth knowledge of credit risk assessment, measurement and methods that define the credit risk that impacts our businesses.

Ability to assess approaches, determines probability and impact of business decisions on credit quality.

Ability to determine how much risk can be taken to deliver business strategy.

In-depth knowledge of regulations governing credit risk management methods.

Ability to develop independent, disciplined processes that eliminate, transfer, re-structure or mitigate identified risks.

In-depth knowledge of regulations governing market and liquidity risk management methods.

Knowledge of standard and AMA methods for calculating RWA and developing economic stress scenarios

Proven expertise in planning and executing operational plans, managing large, complex change-management projects and programs, budgeting and cost control.

Strong written, verbal and presentation skills.

Ability to analyze balance sheet and financial statements

Additional Information

Equal opportunity Employer