AVP - Regulatory Forecasting Process

About:

The Asset and Liability Management Unit is responsible for developing sophisticated forecasting models used for business forecasting and as input to the annual regulatory forecasting process.

Role Outline:

- Development of econometric forecasting models for all significant balance sheet assets and liabilities.
Build key relationships with finance, risk and business teams

Roles & Responsibilities:

- 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 submissions

- Coordinate with specific front-line business FP&A teams to drive Planning process for different businesses.

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

- Create a culture of accountability and strict quality control of the data integrity and modeling process

- Develop and maintain a comprehensive modeling system that maintains consistent approach to data quality and modeling methods, audit, back test, tracking, annual validation. This is critical in reducing the model operating risk

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

Qualifications:

Education:

Advanced degree in quantitative related field - statistics, computer science, economics, finance or applied mathematics

Experience:

- 7+ years of relevant finance/business/accounting/statistical experience in financial services

- Expertise in Term Structure Analysis, Stochastic Modeling Approaches, Modern Risk Management Theory and Modern Financial Theory

- Experience developing econometric and multivariate regression models.

- Extensive hands-on experience in programming and modeling using SAS.

- Experience in analyzing and normalizing very large data sets of account-level data as model inputs

- Strong interpersonal skills. Must have a balance of assertiveness and discretion to be a credible and sought after resource

- Demonstrated leadership and team management skills and ability to managing multiple projects and deadlines

- Ability to build key cross functional and cross business relationships

- Experience in model validation, documentation and tracking.

Skills:

- Understanding of Asset and Liability management and the interrelationship between product balances

- Excellent presentation skills; the ability to translate complex financial schedules into meaningful presentations is critical; demonstrated analytical skills including the ability to synthesize quantitative and qualitative data to draw conclusions and assist on decision making

- Experience in building modeling systems and quality control process specified in the job requirement.

- Strong interpersonal skills. Must have a balance of assertiveness and discretion to be a credible and sought after resource

- Ability to build key cross functional and cross business relationships

- Experience in model validation, documentation and tracking.