Quantitative Solutions Manager - Credit Risk

Description & Requirements

We are seeking an experienced Quantitative Solutions Manager with at least five years of experience in credit risk models (development, validation, and consulting) and credit risk consulting. This is a unique opportunity to join an experienced team dedicated to providing Unmatched Client Service to leading financial services institutions at time of immense growth. You will help drive our Quantitative Solutions practice forward and support our growing demand for credit modeling services. As a Manager, you will join a team dedicated to developing, validating, and / or optimizing credit risk models, and ensure regulatory compliance while providing value-added insights as a consultant.

How you will contribute:

• Manage client relations, acting as a trusted advisor on the subject of credit risk modeling and management. Listen and understand client needs and help deliver tailored solutions
• Develop, apply, and validate commercial and retail credit risk methodologies including obligor and facility risk rating (e.g., PD, LGD, EAD) models, pricing models, etc.
• Create and execute design and application of commercial and retail credit risk reporting and analytics in a financial services organization
• Bring subject matter expertise on credit risk at an enterprise level, contributing to comprehensive credit-related engagements that extend beyond credit risk modeling
• Advise clients on regulatory requirements (e.g. CECL, IFRS 9, CCAR) and guide them in developing, implementing, and governing models that meet compliance standards
• Coordinate with Partner / Managing Director, Senior Manager, and staff on all phases of the client engagement including initial scoping, contract, information requests, timely and proactive client communications, staffing, oversight, project execution, quality assurance review, report, and deliverable preparation and client delivery meetings
• Delegate work and review work performed by staff in accordance with their experience and capabilities, ensuring quality and accuracy of deliverables. At times, performing technical work alongside staff to ensure Unmatched Client Service

We are looking for people who are motivated and forward thinking, and demonstrate:

• Strong analytical and organizational skills with particular attention to detail
• Critical thinking and problem-solving skills that support delivering individualized solutions to clients
• Highly effective verbal and written communication skills with strong report writing capabilities
• A self-starter mentality with the ability to be agile and collaborative
• Ability to manage complex engagements
• A proven ability to manage, motivate, and develop a team of professionals

Minimum Qualifications:

• Bachelor's or Master's degree in finance, economics, accounting, statistics, data analytics/science or other quantitative fields;
• Minimum 5-7 years of experience in credit risk modeling or financial risk management with at least 2-3 years in a leadership or managerial role;
• and Proficiency in credit risk modeling techniques and methodologies and advanced knowledge of programming languages such as Python, R, SAS, and/or SQL
• Knowledge of Allowance for Credit Losses, including methodology, models, and US GAAP requirements under Current Expected Credit Losses (CECL) and knowledge of IFRS 9 Knowledge of commercial and retail credit regulatory guidance covering CECL, credit risk review systems, underwriting/annual reviews
• A strong understanding of credit risk management, financial products, regulatory frameworks, and industry best practices
  
Proficiency with standard analytical systems such as R, Python, Alteryx, SAS, Excel, etc.

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Preferred Qualifications:

• CFA, FRM or other relevant certifications

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New York City Pay Transparency

Pursuant to the pay transparency laws of New York State and other local ordinances within the state including (but not limited to) New York City, the salary range displayed is for the New York markets. The salary for this role will be based on the experience, education, and skill set of the individual for the position. Total compensation and benefits consist of salary, group health plan benefits, 401(K), profit-sharing contributions, flexible time off, and parental leave. Forvis Mazars reserves the right to make changes to the salary range based on business needs.

New York Salary Range:

NY Minimum Salary (USD)

$ 92,100

NY Maximum Salary (USD)

$ 192,200

With a legacy spanning more than 100 years, Forvis Mazars is committed to providing a different perspective and an unmatched client experience that feels right, personal and natural. We respect and reflect the range of perspectives, knowledge and local understanding of our people and clients. We take the time to listen to deliver consistent audit and assurance, tax, advisory and consulting services worldwide.

We nurture a deep understanding of our clients’ industries, delivering greater insight, deeper specialization and tailored solutions through people who listen to understand, are responsive and consult with purpose to deliver value.

About Forvis Mazars, LLP

Forvis Mazars, LLP is an independent member of Forvis Mazars Global, a leading global professional services network. Ranked among the largest public accounting firms in the United States, the firm’s 7,000 dedicated team members provide an Unmatched Client Experience® through the delivery of assurance, tax, and consulting services for clients in all 50 states and internationally through the global network. Visit forvismazars.us to learn more.

Forvis Mazars, LLP is an equal opportunity/affirmative action employer. Employment selection and related decisions are made without regard to age, race, color, sex, sexual orientation, national origin, religion, genetic information, disability, protected veteran status, gender identity, or other protected classifications.
It is Forvis Mazars, LLP standard policy not to accept unsolicited referrals or resumes from any source other than directly from candidates.

Forvis Mazars, LLP expressly reserves the right not to consider unsolicited referrals and/or resumes from vendors including and without limitation, search firms, staffing agencies, fee-based referral services, and recruiting agencies.
Forvis Mazars, LLP further reserves the right not to pay a fee to a recruiter or agency unless such recruiter or agency has a signed vendor agreement with Forvis Mazars, LLP.Any resume or CV submitted to any employee of Forvis Mazars, LLP without having a Forvis Mazars, LLP vendor agreement in place will be considered the property of Forvis Mazars, LLP.