Quantitative Risk Modeling

🌍 Remote, USA 🎯 Full-time 🕐 Posted Recently

Job Description

About the position

The Associate of Quantitative Risk Modeling is a key role within our corporate bank focused on supporting the enhancement of the Comprehensive Capital Analysis and Review (CCAR) framework and managing global market shock scenarios. This role requires a motivated individual who can assist in the development, implementation, and management of stress testing processes, ensuring robust risk management and regulatory compliance.

Apply and leverage econometric forecasting models to assist the creation and refinement of CCAR and global market shock scenarios, incorporating economic, financial, and market conditions
Support the execution of stress tests to assess the resilience of the bank's portfolio under various adverse conditions
Help analyze and interpret stress test results to identify potential risks and vulnerabilities within the bank's portfolio
Ensure all stress testing activities are in line with regulatory requirements and guidelines
Collaborate with key stakeholders, including senior management, risk teams, and regulators, to communicate stress test findings and implications
Assist in developing comprehensive reports and documentation to support stress test results and regulatory submissions
Contribute to ongoing enhancements to the stress testing framework and methodologies to adapt to changing market conditions and regulatory landscapes

Bachelor or Master's degree in Economics, quantitative finance, or other related fields
Minimum of 2-3 years of experience in risk management, stress testing, or related areas within the financial industry
Strong analytical and quantitative skills, proficiency in risk modeling and scenario analysis, excellent communication and teamwork capabilities
Basic understanding of CCAR regulations, global market dynamics, and financial risk management principles