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VP Model Development (Credit Risk)

  • Job type: Permanent
  • Location: New York
  • Salary: US$150000 - US$200000 per year
  • Job reference: 188014/004_1551828292
  • Sector: Selby Jennings, Risk Management
  • Date posted: 05/03/2019

A Global Investment Bank in New York City is currently seeking to grow their credit risk model development team as they expand their presence here in the US. They are seeking a quantitative individual with credit risk modeling experience across PD/LGD/EAD and loss forecasting models mainly for the firm's retail portfolios (mortgages, cards, etc.). This firm is rated as one of the best banks to work for due to its strong work-life balance (flexible work from home options) and its ability to foster a friendly and collaborative working environment.

Responsibilities:

  • Develop PD/LGD/EAD and loss forecasting models for the firm's retail portfolios

  • Strategize with senior management regarding models results and developing an understanding of the risk exposures in the portfolio

  • Act as a champion for best practice modeling techniques across the firm

  • Mentor, coach, and lead junior members of the team

Qualifications:

  • Strong credit risk modeling experience; ideally 5+ years

  • Experience with either retail portfolios

  • Experience with CCAR, CECL, IFRS 9 is a plus

  • PhD or Masters degree in a quantitative field

  • Ability to work independently, as well as collaborate with others in a team environment

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