What are the responsibilities and job description for the Quantitative Solutions Senior Consultant - Liquidity Risk position at FORVIS?
Requisition Number2234480 Description & Requirements
We are seeking a skilled and motivated Quantitative Solutions Senior Consultant, who is looking to develop their career in quantitative and liquidity risk management consulting. As a Senior Consultant, you will have the opportunity to serve financial services clients alongside subject matter experts to deliver forward thinking solutions to help our clients identify, monitor, and manage model risk, as well as ensure regulatory compliance. Our Quantitative Solutions practice provides model risk management, model development, model implementation, model validation, and model operations services across the Treasury domain. We are looking for a qualified individual to help our practice grow.
How you will contribute :
- Develop, validate, and enhance liquidity risk models (e.g. Cash Flow at Risk, Stress Testing, Assets Liability Management (ALM), Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), Interest Rate Risk in the Banking Book (IRRBB) etc.) to meet regulatory requirements and internal risk management needs.
- Develop frameworks and methodologies to facilitate asset and liability management, funding and liquidity planning and stress testing, and capital management
- Advise clients on regulatory requirements (e.g. Basel III, CCAR) and guide them in developing, implementing, and governing models that meet compliance standards.
- Ensure models are designed, deployed, and performing as expected by executing model validations, which includes an assessment of the model's conceptual soundness, data inputs and outputs, assumptions and overlays, as well as performance indicators such as backtesting and benchmarking analysis.
- Perform model reviews and model audits in coordination with the second and third lines of defense to ensure that model calculations, data, and assumptions are correct and can be relied upon, and that models are subject to adequate due diligence and review and challenge.
- Execute model validation testing to confirm the accuracy of the model calculations, which will require analytical, mathematical, and statistical skills and expertise.
We are looking for people who are motivated and forward thinking, and demonstrate :
Minimum Qualifications :
Preferred Qualifications :
LI-CLTU, #LI-NYC
LI-CH1
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)
75,300
NY Maximum Salary (USD)
115,900
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.
Salary : $115,900
