Pursue a critical leadership role at the intersection of risk management and strategic decision-making with Assistant Vice President - Stress Testing 2nd LOD jobs. This high-impact position places you within the second line of defense (2nd LOD) of a financial institution, a crucial independent function responsible for overseeing and challenging the firm's risk-taking activities. Professionals in these jobs are not executors of the stress testing models but are the essential guarantors of their rigor, integrity, and compliance. They act as a key line of oversight, ensuring that the bank's stress testing practices are robust and effectively identify vulnerabilities. The typical responsibilities of an AVP in this field are centered on governance, challenge, and insight. You will be responsible for developing and maintaining the foundational framework and policies that govern the stress testing program. A core function involves conducting independent, rigorous challenges of the stress tests designed and executed by the first line of defense (typically the business units and treasury). This includes a deep dive into the models, methodologies, key assumptions, and data quality used, identifying limitations and potential gaps. You will critically analyze the results, interpreting the outputs to form a coherent narrative on the firm's risk profile and capital adequacy under adverse scenarios. Preparing comprehensive reports and presentations for senior management and board-level committees is a common duty, providing the independent assurance needed for strategic planning and regulatory submissions. To excel in Assistant Vice President - Stress Testing 2nd LOD jobs, a specific blend of skills is required. A strong quantitative background is essential, with a solid understanding of statistical modeling, econometrics, and finance. However, equally important are sharp analytical and critical thinking skills, allowing you to ask probing questions and challenge conventional wisdom. Excellent written and verbal communication skills are paramount, as you must translate complex quantitative results into clear, actionable business intelligence for non-technical stakeholders. A deep knowledge of regulatory requirements (such as those from the Fed, OCC, PRA, or EBA) related to stress testing (e.g., CCAR, DFAST) is typically a prerequisite. Most positions require a master's degree in Finance, Economics, Mathematics, or a related field, coupled with several years of direct experience in risk management, model risk, or specifically within a 2nd LOD stress testing function. For finance professionals seeking a role with significant influence and a macro-level view of an institution's health, these jobs offer a challenging and rewarding career path at the heart of modern banking governance.
