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This role supports the stress testing processes for Markets businesses, including CCAR, QMMF, and Recovery Planning, while collaborating with multiple departments. Responsibilities include presenting findings to senior management and stakeholders, ensuring best governance practices, and driving process efficiencies.
Job Responsibility:
Quarterly stress testing process (CCAR, QMMF, Recovery Plan) deliverables for the Markets business
Associated governance activities (Manager Control Assessment, End User Computing, Activity Risk Control Monitoring and its Assessment Units)
Review and challenge existing models, and model outputs to identify areas of improvement relative to portfolio & macro-economic trends
Partner with Finance team to complete requests on financial planning & CCAR/DFAST results and increased integration of credit risk & PPNR results
Collaborate with Risk Modeling, Portfolio and New Account Forecasting, Data and Reporting teams
Create presentations with supportive analysis, storyboard results, and lead discussions with senior management, Lead Finance Officers, Independent Risk
required as part of the business review and effective challenge process
Establish and continually evolve standardized business and submission documentation
Coordinate with Global CCAR Office, drive centralized reporting requirements, and communicate with Auditors and Regulators
Partner with Risk and Finance organization to understand sources of data and continue to improve the process of defining, extracting and utilizing data
Identify areas of improvement in BAU and drive process efficiency through process simplification and automation (VBA, SAS, etc.)
Manage information controls (version control, central results summary) to meet business objectives with utmost clarity.
Requirements:
Bachelor’s degree in a quantitative discipline: Mathematics, Sciences, Economics, Management, and Statistics (Master’s degree in an analytical field is a plus)
7-9 years of work experience in financial services or management consulting
Strong understanding of risk management
Knowledge of the Markets industry is a plus
Strong understanding and hands-on experience with econometric and empirical forecasting models
Strong CCAR / DFAST/Stress Testing experience is preferred
Broad understanding of overall business model and key drivers of P&L
5+ years of experience in using analytical packages, datacube/Essbase, Tableau, MS Office (Excel, PowerPoint)
Vision and ability to provide innovative solutions to core business practices
Ability to develop partnerships across multiple business and functional areas
Strong written and oral communication skills.
Nice to have:
Knowledge of the Markets industry
Vision and ability to provide innovative solutions to core business practices.
What we offer:
Equal opportunity employment
Global workforce benefits
Reasonable accommodation for persons with disabilities.
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