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Tailor your resume to this Credit Risk Management Department – Quantitative Analytics – Model Team AVP role.

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Tailor your resume to this Credit Risk Management Department – Quantitative Analytics – Model Team AVP role.

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About the Role

This position will lead and assist in developing and maintaining credit methodology and infrastructure. Responsibilities include establishing/maintaining credit risk measurement methodologies, building and maintaining credit risk analytics infrastructure and tools, supporting model risk governance, and providing analytical support for credit risk analysis.

Responsibilities

• Develop credit related models, test, implement and deliver comprehensive technical and non-technical model documentation.
• Obtain and prepare model development data.
• Perform quantitative research to implement model changes, enhancements and remediation plans.
• Work with stakeholders across business and functional teams during model development and implementation.
• Create tools and dashboards to enhance risk analysis.
• Conduct analysis of implemented model short-comings and design enhancement plans.
• Identify risks not captured by analytics, develop and implement methodology to quantify materiality, and design a strategic plan to integrate and manage such risk.
• Support discussions with model owner, stakeholders and regulators as a subject matter expert.
• Provide training and guidance to model users.
• Communicate with model users, model risk manager and senior management regarding validation findings and remediation activities.
• Independently coordinate the remediation of model validation findings and provide analytical remediation solutions.
• Remediate model risk management findings and produce model findings remediation report.
• Enhance model documentation to meet model risk management requirements.
• Support and drive the team to implement activities defined in the model risk management framework and ensures adherence.
• Maintain credit model inventory and conduct annual model review and ongoing performance monitoring.
• Periodically evaluate and enhance models to maintain relevance and ensure compliance with current regulatory requirements.
• Collaborate with business units to identify relevant data for analyses and modeling and ensure data collection and retention.
• Develop, enhance, implement, document, and provide ongoing expert support for practical applications of analytics, financial economics, and quantitative methods.
• Conduct research and analysis to provide a micro view of risk management in a particular business line and a macro view for the bank.
• Provide technical knowledge and advice to management related to quantitative analysis, modeling and stress testing.
• Develop, document, and maintain quantitative tools and models used to measure risks, including quantifying PD, LGD, and EAD.

Requirements

• Minimum 4 years of experience in stress testing, allowances methodology, risk rating modeling and credit risk management at a financial institution.
• Demonstrate broad knowledge of credit markets and specific products knowledge including corporate loans, structured loans, leveraged loans, mergers & acquisition finance, project finance and trade finance, and accounting and capital market knowledge.
• Demonstrate knowledge in at least one of the areas: Stress testing, CECL, Rating Methodology, and fixed income pricing.

Skills

• Credit Risk Measurement
• Credit Risk Analytics
• Model Risk Governance
• Model Documentation
• Model Testing
• Model Monitoring
• Stress Testing
• CECL Model
• Risk Rating Models
• Quantitative Research
• Quantitative Analysis
• Financial Economics
• Probability of Default (PD)
• Loss Given Default (LGD)
• Exposure at Default (EAD)

Experience Level

• Minimum 4 years of experience

Education Level

• Bachelor's degree in Statistics/Mathematics/Physics/Computer Science/Engineering or other quantitative fields required
• Master's preferred

Salary/Compensations

• USD $65,000.00 - USD $150,000.00 /Yr.

About the Company

• Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions.
• Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.