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Director - Wholesale Model Development

  • Job type: Permanent
  • Location: New York
  • Salary: Competitive
  • Job reference: efw245
  • Sector: Banking and Finance, Selby Jennings, Risk Management
  • Date posted: 25/01/2018
A Tier One Global Investment Bank is currently seeking to add a Director level model developer to their Wholesale Modeling team. This is a rapidly growing team that is in need of senior leadership that can provide hands-on efforts as well as guidance related to C&I, CRE and other models as well. Although this position will have a strong wholesale focus, you will also be expected to liaise with other modeling teams including market risk, retail credit risk, stress testing, and more. This group is vital to the firm as they are responsible for managing consolidated stress testing efforts across the firm’s operations across the US, Europe, and Canada. This bank is on an upward trajectory and has seen strong earnings reports compared to its peers in the past few quarters. They are known for their emphasis on work/life balance and flexible work hours.

Responsibilities:
  • Guide the development of C&I, CRE, and other credit loss models for wholesale portfolios by either a hands-on approach or by enabling/coaching others
  • Provide modeling expertise and input to other areas such as market risk, retail credit risk, capital modeling, and more
  • Liaise with senior management regarding innovative modeling techniques and how to apply to them to existing models
  • Manage, own, and supervise on stress testing models across all international hubs of the firm (US, Canada, Europe)

Qualifications:
  • 10+ years of hands on model development experience within global investment banks
  • Experience developing wholesale (C&I or CRE) credit risk models
  • Proficiency in SAS, R, MATLAB, or other related statistical tools
  • PhD preferred; however a quantitative Masters degree is minimum requirement
  • Ability to work independently but also guide and mentor others
  • Strong communication skills; both oral and written


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