Risk Manager Job at BCforward, Irving, TX

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  • BCforward
  • Irving, TX

Job Description

Client Location: Irving, TX

Expected Duration: 6+months Contract to hire

Anticipated Start Date: ASAP

Job Description:

• Execute monthly stress testing exercises to monitor WCRs risk appetite and identify vulnerable areas

• Cover key process of rapid stress testing, overlays

• Provide analytics support to stress test models in wholesale products, connect the stress testing output to model drivers

Other Responsibilities:

• Build tools & analytical capabilities to support outcome analysis, loss forecasting reports and what if analysis

• Gather and analyze portfolio and macro-economic data to assess potential impact on business performance and integrate the trends to the portfolio loss forecast

• Partner with business units and risk managers to assess data availability and fit for purpose modeling approaches

• Interact with model developers, model risk governance, business risk, internal audit

• Leverage business / product expertise to evaluate and challenge the stress loss assumptions in hypothetical and historical stress scenarios

• Research on 3rd party data, loss history and alternative models to build inventory of benchmarks

• Contribute and refine current model performance monitoring process to interpret model output and identify opportunities for future improvements

Qualifications:

• 5+ years' experience in stress testing (CCAR/DFAST), CECL, or loss forecast model development

• 5+ years' experience with data analytical tools like Python or R

• Sound knowledge of C&I and CRE loss forecast modeling analytics, PD/LGD/EAD models, experience in HFS/FVO is preferred

• Demonstrated experience of building analytical tools to support the analysis of loss forecasting results, using tableau, Excel, R shiny or Python

• Excellent quantitative and analytic skills; ability to derive patterns, trends and insights, and perform risk/reward trade-off analysis.

• Proficient with MS Office suite, Word/Excel/PowerPoint.

• Knowledge on scenario design, sensitivity shocks and risk identification process

• Good interpretations and communications skills to convey complex quantitative methodology in simple terms

Education:

• Bachelors/University degree or equivalent experience, potentially master's degree in Economics, Finance, or quantitative majors

Job Tags

Contract work, Immediate start,

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