Website Mindlance
Mindlance
Company : Mindlance
JOB DESCRIPTION:
Job Title: Model Validation Analyst CCAR/Stress Testing
Duration: 5 Months (possible extension or conversion)
Location: ONSITE REQUIREMENT 2/3 days per week
Irving, TX 75039
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
Mindlance is an Equal Opportunity Employer and does not discriminate in employment on the basis of Minority/Gender/Disability/Religion/LGBTQI/Age/Veterans.