Risk Analytics Manager

Our client, a leading financial services company is hiring a Risk Analytics Manager on a long-term contract basis.
Job ID 81107

Work Location:
New York, NY
Responsibilities:

• Execute periodic stress testing exercises to monitor risk appetite and identify vulnerable areas.

• Provide analytics support to explain the stress test outcome for wholesale lending products.

• 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.

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

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

• Develop deep expertise in stress testing methodologies and validate fit for purpose usage in BAU stress testing management.

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

• Create a new scenario design capability leveraging existing models & data to translate emerging risk to economic scenarios, model inputs or portfolio shocks.

• Perform quarterly gap assessment between scenario coverage and material risk inventory.

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

• Works with large datasets and complex algorithms to derive analytical insights, identify data quality issues and support trend analysis.

• Leverages big data to develop innovative deployable solutions.

Required Skills:

• 5 years’ experience working in financial institutions.

• Sound knowledge of statistical modeling concepts and industry best practices; experience with econometric and statistical modeling or application risk scoring.

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

• Experience with analytical or data manipulation tools (e.g. Tableau, Python, R)

• Proficient with MS Office suite.

• Past experience working on stress testing, model analytics, benchmarking and review & challenge function.

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

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

Education:
Bachelor’s/University degree or equivalent experience, potentially master’s degree

Pay: $76-$98 per hour

Job Type: Contract

Pay: $76.00 - $98.00 per hour

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday

Experience:

• Risk management: 1 year (Preferred)

Ability to Commute:

• New York, NY 10013 (Required)

Ability to Relocate:

• New York, NY 10013: Relocate before starting work (Required)

Work Location: In person

Salary : $76 - $98