AVP - Econometric Forecasting & CCAR Modeling - Bank

Discipline - Banking

Subsector - Analytics

Location - Mumbai

About our Client - Our client is one of the largest Global Banks with strengths across Corporate, Retail and Investment Banking. They are present in more than 30 countries and have a team of well renowned Analytics professionals. As part of their growth plans, they are looking to recruit an AVP-Econometric Forecasting and CCAR Modeling

Job Description - Reporting in to the VP, you will be responsible for:

- Development of econometric forecasting models for all significant balance sheet assets and liabilities

- Development, documentation and testing of product models needed as input to Financial Planning and Risk Management forecasts

- Evaluate the impact on the product models of various scenarios used for Comprehensive Capital Analysis & Review (CCAR) submissions

- Coordinate with local risk management to ensure product models accurately reflect risk exposure

- Develop and maintain a comprehensive modeling system, data quality and modeling methods, audit, back test, tracking, and annual validation

The Successful Candidate - As the successful Applicant, you will have:

- An advanced degree (Masters/PhD) in quantitative disciplines like Statistics, Econometrics, Computer Sciences, Finance or Applied Mathematics

- 6+ Years of relevant experience in the Financial Services space

- Expertise in Time Series Modeling, Stochastic Modeling, and CCAR Modeling Processes

- Hands on experience in programming and modeling using SAS

- Experience in developing Econometric and Multivariate Regression Models

- Experience in Model Validation, Documentation and Tracking

- Strong inter-personal and communication skills with an ability to develop cross-functional business relationships

What's on Offer - This is an excellent opportunity to develop your career with one of the most prestigious Global Banks. The successful employee can expect good internal mobility (locally as well as internationally). The organization offers a dynamic and exciting work environment with constant challenges opportunities. Candidates with the right attitude and experience will be offered a highly competitive package

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