Quantitative Solutions Manager - Credit Risk

Forvis Mazars, LLP; New York (NY); On-site; USD 92,000 - 193,000; Full time

Job summary

An established industry player is seeking a Quantitative Solutions Manager specializing in credit risk. This role involves leading a team to develop and validate credit risk models while ensuring compliance with regulatory standards. You will engage with clients to understand their needs and provide tailored solutions, contributing to the growth of the Quantitative Solutions practice. If you're motivated, analytical, and possess strong communication skills, this opportunity offers a chance to make a significant impact in a dynamic environment.

Benefits

401(K)

Profit-sharing contributions

Flexible time off

Parental leave

Group health plan benefits

Qualifications

• 5-7 years of experience in credit risk modeling or financial risk management.
• Proficiency in credit risk modeling techniques and methodologies.
• Strong understanding of credit risk management and regulatory frameworks.

Responsibilities

• Manage client relations and deliver tailored credit risk solutions.
• Develop and validate credit risk methodologies and models.
• Advise clients on regulatory requirements and compliance standards.

Skills

Credit Risk Modeling

Analytical Skills

Problem Solving

Communication Skills

Team Management

Education

Bachelor's or Master's degree in Finance

Degree in Economics, Accounting, or Statistics

Tools

Python

R

SAS

SQL

Excel

Alteryx

Job description

General information

Name

Consulting - Enterprise Risk & Quantitative - Manager - Credit Risk

Posting Title

Quantitative Solutions Manager - Credit Risk

Ref #

2234476

Date Published

Wednesday, January 29, 2025

City

New York

State

New York

Country

United States

Job Category

Other Consulting Services

Office

Enterprise Risk & Quantitative Consulting (Forvis)

Advertised Location

US-NC-Charlotte, US-NY-New York

Working time

Full Time

Description & Requirements

We are seeking an experienced Quantitative Solutions Manager with at least five years of experience in credit risk models (development, validation, and consulting) and credit risk consulting. This is a unique opportunity to join an experienced team dedicated to providing Unmatched Client Service to leading financial services institutions at time of immense growth. You will help drive our Quantitative Solutions practice forward and support our growing demand for credit modeling services. As a Manager, you will join a team dedicated to developing, validating, and / or optimizing credit risk models, and ensure regulatory compliance while providing value-added insights as a consultant.

How you will contribute:

• Manage client relations, acting as a trusted advisor on the subject of credit risk modeling and management. Listen and understand client needs and help deliver tailored solutions
• Develop, apply, and validate commercial and retail credit risk methodologies including obligor and facility risk rating (e.g., PD, LGD, EAD) models, pricing models, etc.
• Create and execute design and application of commercial and retail credit risk reporting and analytics in a financial services organization
• Bring subject matter expertise on credit risk at an enterprise level, contributing to comprehensive credit-related engagements that extend beyond credit risk modeling
• Advise clients on regulatory requirements (e.g. CECL, IFRS 9, CCAR) and guide them in developing, implementing, and governing models that meet compliance standards
• Coordinate with Partner / Managing Director, Senior Manager, and staff on all phases of the client engagement including initial scoping, contract, information requests, timely and proactive client communications, staffing, oversight, project execution, quality assurance review, report, and deliverable preparation and client delivery meetings
• Delegate work and review work performed by staff in accordance with their experience and capabilities, ensuring quality and accuracy of deliverables. At times, performing technical work alongside staff to ensure Unmatched Client Service

We are looking for people who are motivated and forward thinking, and demonstrate:

• Strong analytical and organizational skills with particular attention to detail
• Critical thinking and problem-solving skills that support delivering individualized solutions to clients
• Highly effective verbal and written communication skills with strong report writing capabilities
• A self-starter mentality with the ability to be agile and collaborative
• Ability to manage complex engagements
• A proven ability to manage, motivate, and develop a team of professionals

Minimum Qualifications:

• Bachelor's or Master's degree in finance, economics, accounting, statistics, data analytics/science or other quantitative fields;
• Minimum 5-7 years of experience in credit risk modeling or financial risk management with at least 2-3 years in a leadership or managerial role;
• and Proficiency in credit risk modeling techniques and methodologies and advanced knowledge of programming languages such as Python, R, SAS, and/or SQL
• Knowledge of Allowance for Credit Losses, including methodology, models, and US GAAP requirements under Current Expected Credit Losses (CECL) and knowledge of IFRS 9 Knowledge of commercial and retail credit regulatory guidance covering CECL, credit risk review systems, underwriting/annual reviews
• A strong understanding of credit risk management, financial products, regulatory frameworks, and industry best practices
  
• Proficiency with standard analytical systems such as R, Python, Alteryx, SAS, Excel, etc.
  

Preferred Qualifications:

• CFA, FRM or other relevant certifications

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New York City Pay Transparency

Pursuant to the pay transparency laws of New York State and other local ordinances within the state including (but not limited to) New York City, the salary range displayed is for the New York markets. The salary for this role will be based on the experience, education, and skill set of the individual for the position. Total compensation and benefits consist of salary, group health plan benefits, 401(K), profit-sharing contributions, flexible time off, and parental leave. Forvis Mazars reserves the right to make changes to the salary range based on business needs.

New York Salary Range:

NY Minimum Salary (USD)

$ 92,100

NY Maximum Salary (USD)

$ 192,200