Portfolio Risk Modeling Job at BlackRock Investments (New York)

Counterparty Risk Portfolio Analytics and Models specialist

The Counterparty Credit Risk Portfolio Analytics and Models specialist is a seni...

Location

Poland , Warsaw

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

10+ years of experience
working experience in a quantitative field, Financial/Banking industry preferred
strong quantitative skills, particularly with respect to counterparty credit risk measures and calculations
deep modeling expertise and experience with analytic techniques and tools
excellent analytical thinking, practical problem solving abilities, and partnership skills
expertise in R, Python, H2O, and SAS
willing to learn and can-do attitude

Job Responsibility

Lead the optimization of the key counterparty risk and liquidity metrics used to monitor the risk appetite and risk capacity of the business against limits
accuracy and completeness of Credit Data: ensure that data captured in our counterparty credit infrastructure are in line with the approvals and conform to best in class standards
on-going monitoring and portfolio risk drivers identification processes: deliver timely, high-quality analysis of existing portfolio exposures including pockets of client trades and or/collateral concentrations
support the integration of the risk management processes for Wealth Management exposures and portfolios into the ICM operating model
ensure timely tracking and escalations around exposure and losses monitoring
partner with the CCR Models’ Sponsors and relevant Risk teams for the aspect of the Model Risk Governance related to changes, processes and procedures
establish relationships with a network of key stakeholders, partnering with senior colleagues in the Business as well as with risk management, technology, reporting and operations teams to drive implementation of strategic initiatives

Fulltime

Portfolio Credit Risk Management 2nd Line of Defense Lead Analyst

Portfolio Management Group (PMG) is risk management group covering Citi’s Bankin...

Location

Poland , Warsaw

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

5+ years of experience in the financial industry, with significant exposure in developing analytical methodologies and modeling frameworks for credit risk measurement, regulatory capital and/or stress testing
3+ years of prior experience in a model development or model risk management function primarily working on PD and risk rating models and methodologies
Knowledge of coding in R, Python, or SAS, as well as writing and/or reviewing technical documentation
Comprehensive understanding of quantitative and qualitative methodologies and regulatory requirements used in credit risk modeling, particularly for the capital, stress testing and reserves calculations
Demonstrated knowledge across various wholesale credit portfolios and products, including an understanding of financial instruments and market dynamics
Ability to assess complex issues through root cause analysis and other analytical techniques
Strong oral and written communication skills, with a proven ability to synthesize complex concepts, translate into "user friendly" language, and present effectively and persuasively in text or slide format
Strong analytical skills with ability to identify and communicate root causes and trends
Proficient in Microsoft Office, particularly Excel (metrics and data analysis), PowerPoint (presentations), and Word (documentation)
Ability to manage multiple priorities and tasks, highly motivated with attention to detail, team-oriented, organized, pro-active, and capable of executing effectively across businesses, functions, and geographies

Job Responsibility

Support risk rating model oversight activities and prepare Governance Forum reviews, including prioritization of model changes, development, and assessment of model limitations and overlays
Provide independent review of annual and multi-year model enhancement plans to formulate holistic opinion on these developments to aid Senior Management decisions and meet Model Users expectations
Build sustainable, repeatable, and automated analytics supporting centralized model and risk rating related governance, including benchmarking and independent performance analysis of risk rating and PD models
Perform advanced ad hoc analytics and root cause analyses to respond to regulatory and business questions and provide insights, leveraging the best market practices and knowledge on risk ratings, PD modelling and related concepts
Support business and independent risk analysis to provide portfolio insights, define requirements, navigating technical model and risk rating policy and process related terms and documentation
Partner with and support the Model Sponsors, Model Developers, Model Users in 1st and 2nd line of business and Governance Forum activities concerning Wholesale Risk Ratings models and methodologies
Liaise with Model Developers to implement model methodology, such as inputs and outputs, along with qualitative components and model adjustments to ensure alignment with portfolio-specific nuances and expectations
Collaborate closely with other functions, such as product development and technology to ensure seamless integration and execution of model and risk rating oversight and implementation activities

What we offer

Private Medical Care Program
Life Insurance Program
Pension Plan contribution (PPE Program)
Employee Assistance Program
Paid Parental Leave Program (maternity and paternity leave)
Sport Card
Holidays Allowance
Sport and team recreation activities
Special offers and discounts for employees
Access to an array of learning and development resources

Fulltime

Senior Credit Portfolio Risk Manager

Senior management-level position leading credit risk function for unsecured lend...

Location

Singapore , Singapore

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

Bachelor's degree in a quantitative field such as Finance, Economics, Statistics, Mathematics, Engineering, or Computer Science
Master's degree or MBA preferred
Minimum of 8-10 years of experience in credit risk management within the financial services industry
Significant focus on unsecured lending
Proven experience in a leadership or team management role
Extensive experience in developing, testing, optimizing, and implementing credit strategies
Advanced proficiency in statistical modeling, predictive analytics, machine learning techniques, and quantitative methods for credit risk
Strong understanding of data warehousing, SQL, and experience with large datasets
Deep understanding of credit lifecycle management (origination, account management, collections), PD/LGD/EAD modeling, stress testing, and regulatory requirements
Expertise in analytical tools such as SAS, R, Python, SQL, and data visualization tools

Job Responsibility

Develop, implement, and continually refine credit risk strategies for unsecured lending products
Utilize advanced risk analytics and loss forecasting techniques to identify emerging trends and assess portfolio performance
Monitor key financial drivers and portfolio metrics to inform decision-making
Collaborate with product, marketing, finance, and operations teams to align risk strategies with business objectives
Lead the development, validation, and implementation of predictive credit risk models, scorecards, and decision engines
Oversee data management practices for credit risk
Lead, mentor, and develop a team of risk analysts and specialists
Build and maintain strong relationships with internal stakeholders across various departments
Lead the end-to-end process of developing new credit strategies
Design and execute champion/challenger tests and other experimental designs

What we offer

Extensive on-the-job training and exposure to senior leaders
Traditional learning opportunities
Chance to give back and make a positive impact through volunteerism
Resources to meet unique needs
Empowerment to make healthy decisions
Support for managing financial well-being and planning for future

Fulltime

Credit Portfolio Senior Risk Analyst

The Portfolio Credit Risk Management role oversees portfolio risk management act...

Location

Singapore , Singapore

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

2-5 years relevant experience
Basic understanding of risk management principles
Experience utilizing quantitative methods for stress scenarios
Strong problem-solving capabilities, attention to detail, and a proactive attitude
Ability to remain organized in a fast-paced environment, managing multiple projects
Ability to work under pressure, multi-task and prioritize to meet deadlines
Highly proficient in MS Office – (Excel, Word, PowerPoint)
Proficiency in SAS is preferred
Bachelor's/University degree or equivalent experience

Job Responsibility

Develop and apply quantitative strategies for managing stress scenarios, risk exposures, and loss forecasting
Contribute to the quarterly submissions for IFRS9 provisioning process, work with finance stakeholders to ensure timely submission of the provision numbers
Contribute to the quarterly/annually submissions for Stress Testing, regulatory and non-regulatory (CCAR/ICAAP/IWST) submission for loss forecasting
Manage stress test for the entire credit spectrum across multiple products (retail) and prepare risk management presentations for senior management
Analyze model outputs and relate to portfolio and macroeconomic trends
Utilize Statistical Analysis System (SAS) to perform risk, financial and data analyses including profiling, sampling, reconciliation, and quality testing
Participate in developing, testing, and optimizing statistical risk models, ensuring consistency and regulatory compliance for the purpose of loss forecasting and/or IFRS9 provisioning with Model Developers
Perform Model Monitoring, Validations as per Model Risk Management Guideline
Manage IFRS9 provisioning for the entire credit spectrum across multiple products and prepare risk management presentations for senior management
Appropriately assess provision adequacy safeguarding Citigroup and it's assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency

What we offer

Extensive on-the-job training and exposure to senior leaders
More traditional learning
Opportunity to give back and make a positive impact through volunteerism
Resources to meet unique needs
Empowerment to make healthy decisions and manage financial well-being
Global benefits

Fulltime

Credit Portfolio Officer

Credit Portfolio Officer role in Institutional Credit Management (ICM), a critic...

Location

United Kingdom , London

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

Bachelor's/Master's degree in mathematics, science, finance/economics, risk management or a related field
Minimum of 5-7 years credit risk experience at a major financial institution
Experience with managing credit risk with training in finance, mathematics, risk management or quantitative fields
Relevant credit experience covering Real Money Funds, Asset Managers, Hedge Funds, or Financial Institutions with markets products knowledge
Knowledge of Funds' markets products and risk metrics
Credit Officer (CO) or demonstrating the skills aligned with that designation
Experience and familiarity with Real Money Funds, Asset Managers, Pension Funds – Industry products and relevant CCR risk measures
Strong analytical skills
Strong problem solving abilities
Sound risk and business judgment

Job Responsibility

Maintain and manage credit exposures to Real Money Funds clients including asset managers, investment advisor as agents, and pension funds
Approve credit reviews as a first line of defense underwriter (Credit Officer CO designation)
Review and approve new Funds clients at on-boarding to establish appropriate risk parameters and credit limits
Advise and approve large transactions or deals that require individual risk assessment
Analyze and monitor client portfolios to ensure that risks are controlled
Work with Risk colleagues on risk mitigation at both inception of transactions and on an ongoing basis
Partner with businesses and quantitative teams on risk measurement enhancements, margin model development, new product approvals and real-time monitoring and controls
Perform daily and weekly risk analysis and reporting on existing client portfolios
Communicate key findings to senior management and contribute to in-business risk forums
Put together presentations and documents for internal and external use

Fulltime

Market Risk Senior Analyst

This position provides an opportunity for an experienced risk analyst with solid...

Location

Poland , Warsaw

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

5+ years of experience
experience in one or more of the following fields: quantitative risk modelling, market risk management practices, risk regulations, numerical computation, statistics or data analysis, financial model development, application or validation
strong hands-on IT skills, for example, with Python, SQL, Unix
sound knowledge of statistical modelling concepts and industry best practices
experience with econometric and statistical modelling or application risk scoring
excellent quantitative and analytic skills
ability to derive patterns, trends and insights
experience working in big data environments
intellectual curiosity to stay abreast of technological advances
demonstrated initiative and proactive approach

Job Responsibility

construct covariance matrices for historical periods of stress for various portfolios
identify and address specific needs of Citi legal entities within EMEA region to meet local regulatory expectation in market risk modelling
work with existing market risk models and provide solutions where weaknesses are identified in testing or where new business needs require model enhancements
develop RNIV models to quantify non-standard market risks of complex products
research, support, enhance and maintain market risk models
design and develop in-house software for quantitative analysis
interact confidently with other risk management teams, the front office, technology and control groups
model and explain the behavior of a complex portfolio of vanilla and exotic derivatives with greeks and risk factor simulations
understand differences between regulatory regimes around the globe
perform advanced analytics with hundreds of thousands of risk factor time series

What we offer

private medical care program
life insurance program
pension plan contribution (PPE program)
employee assistance program
paid parental leave program (maternity and paternity leave)
sport card
holidays allowance
sport and team recreation activities
special offers and discounts for employees
access to an array of learning and development resources

Fulltime

Non-Traded Models IVU-VP

Embark on a transformative journey as a Non-Traded Models IVU-VP at Barclays, wh...

Location

India , Noida; Mumbai

Salary:

Not provided

Barclays

Expiration Date

Until further notice

Requirements

Validate credit risk related regulatory (IRB, IFRS9, CCAR and Stress Testing) models for wholesale portfolios by following Bank’s policies and standards
Perform technical analysis and/or build alternative benchmarks to new and existing models, in line with the requirements set out in the bank’s standards and policies
Work as an Individual Contributor and also Mentor a team of 2-3 analysts
Review regulatory requirements to ensure compliance with different regulatory guidelines e.g. SR 11-7, PRA, FRB, SS-1/23
Support the development and review conformance with appropriate policies including Group Model Risk policy
Solid understanding of the quantitative techniques used in developing and validating models including credit risk related regulatory (IRB, IFRS9, CCAR, Stress-testing, PD, EAD, LGD) models for wholesale portfolios
Hands-on experience in the use of statistical packages such as Python, SAS, R
Expert user of Microsoft Excel and other Microsoft Office tools
An ability to identify and analyse appropriate external data sources including macro-economic variables for model development or validation along with excellent communication and stakeholder management skills

Job Responsibility

Validation of models for their intended use and scope, commensurate with the complexity and materiality of the models
Approval or rejection of a model or usage based on assessment of the model’s conceptual soundness, performance under intended use and the clarity of the documentation of the model’s inherent risks, limitations and weaknesses
Assessment of any compensating controls used to mitigate Model risk
Documentation of validation findings and recommendations in clear and concise reports, providing actionable insights for model improvement
Evaluation of the coherence of model interactions and quality of Large Model Framework aggregate results that generate output for regulatory submissions or management decision making and planning
Design of the framework and methodology to measure and, where possible, quantify model risk, including the assessment of framework level uncertainty

What we offer

modern workspaces
collaborative areas
state-of-the-art meeting rooms
wellness rooms
on-site cafeterias
fitness centers
tech-equipped workstations
flexible working arrangements
hybrid working

Fulltime

Credit Portfolio Analyst

The Credit Portfolio Analyst II is an intermediate-level position responsible fo...

Location

India , Mumbai

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

2+ years of experience in credit risk analysis or corporate banking
experience in financial analysis, accounting and valuation
knowledge of accounting and corporate finance, financial modelling, credit and banking products, credit analytics, risk assessment, and transaction execution
consistently demonstrate clear and concise written and verbal communication
proven ability to work with little direction and in a team
demonstrated accountability, self-motivation and business acumen

Job Responsibility

conduct risk assessments and client credit analyses, review financial results and peer analyses and prepare financial projections
escalate credit concerns/updates to senior risk and business managers and propose risk mitigation action
develop recommendations to adjust credit policies by analyzing credit and financial performance and utilizing statistical scoring, segmentation, and regression and simulation techniques
utilize Statistical Analysis System (SAS) in a UNIX environment to perform risk, financial and data analyses including profiling, sampling, reconciliation, and quality testing
assist with portfolio review preparation and conducting stress tests
build working relationships with various teams across the bank
appropriately assess risk when business decisions are made

Fulltime

Portfolio Risk Modeling

BlackRock Investments

Location:
United States , New York

Category:
Finance

Contract Type:
Not provided

Salary:

Job Description:

Job Responsibility:

Requirements:

Nice to have:

Additional Information:

Job Posted:
February 20, 2026

Expiration:
May 25, 2026

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Counterparty Risk Portfolio Analytics and Models specialist