What are the responsibilities and job description for the Quantitative Analyst- Stress Testing position at Axelon?
Global Financial Firm located in Irving, TX has an immediate contract opportunity for an experienced Quantitative Analyst - Stress Testing .
This role is currently on a Hybrid Schedule.
You will need to have reliable internet, computer and android or iPhone for remote access into the client systems during remote work.
We will be expected in the office weekly 2-3 days depending on the team requirement.
Video / f2f interviews are required prior to all offers.
Key Responsibilities :
Execute monthly stress testing exercises to monitor WCR's 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 :
Bachelor's / University degree or equivalent experience, potentially master's degree in economics, Finance, or quantitative majors
Keep a pulse on the job market with advanced job matching technology.
If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.
Compensation Planning
Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right.
Surveys & Data Sets
What is the career path for a Quantitative Analyst- Stress Testing?
Sign up to receive alerts about other jobs on the Quantitative Analyst- Stress Testing career path by checking the boxes next to the positions that interest you.
