AVP - CCAR - Stress Testing - BFS

We are hiring for AVP - CCAR Stress Testing for a leading financial institution. Job details are given below:

This position will report into the VP -Stress Testing, and will be responsible for model execution and support.

The role is supposed to support the end-to-end execution of regulatory and business ask stress tests. The candidate will work closely with the onshore stress testing team.

The Risk-Analytics team provides support to various business groups and the job involves data analysis, model development, business strategy implementation, reporting and data management.

This role supports the Stress Testing team within the Risk Strategy function. The position will report into the VP-Stress Testing Execution, and will be responsible for model execution and support.

The role is expected to support the end-to-end execution of regulatory and business ask stress tests. This involves estimating the likely impact of economic and financial scenarios on P&L, RWAs, capital and liquidity resources - both for enterprise-wide stress tests and ad-hoc stress tests directed toward specific countries and/or portfolios of interest.

Key Responsibilities:

- Collate, test and check independently sourced economics data (forecast and stress) and assess its robustness and fitness for purpose of model development

- Coordinate and identify historical data points for developing models

- Coordinate and compile stress test model results and develop analysis to communicate with group, including Group, Regional and site Risk Strategy

- Ensure adequate documentation and analysis in place for model review committee which involves peer review and independent review committees

- Support ad-hoc requests in support of the business as necessary

- Ensure timelines around project deliverables are met and all the stake holders are informed about the status of the projects

- Work collaborative with Stress Testing management team to prioritize projects

- Drive standardisation of analysis and processes to gain efficiency.

- Develop effective relationship management with diverse functions and businesses

- Stay on top of changing regulatory needs, reporting standards and understand their impact on the day to day work

- Responsible for end-to-end project management and hands on delivery when required.

- Recruit, on-board, train, coach, develop talent and proactively retain high performing team members of analytics

- Work with multiple customers/functions on multiple projects simultaneously and deliver in a timely, efficient and effective manner.

Requirements:

- Post graduate / graduate in mathematics/ statistics/ economics/finance or equivalent experience

- Strong analytical skills with several years of proven business analysis experience or equivalent. Knowledge and understanding of different functions of risk analytics in the context financial-services/ banking-operations preferred.

- Person should be a process expert and should possesses sound business knowledge of the sector. Prior exposure in stress testing

- Good Knowledge of Retail Banking Products ( Mortgage, Credit Cards, loans and advances )

- Strong Quantitative background with knowledge of economic and econometric models

- Preferably, familiarity with bank stress testing including loss and risk estimation techniques is preferred

- Knowledge of SAS, R, SQL and other equivalent analytical tools is a plus