Associate – Credit Data Pooling recruitment
Description
The primary purpose of the Associate position is to work in a team of Data Consortia professionals, to collect and analyze credit information from consortia of Middle Eastern and Project Finance participating banks. Statistical probability of default and loss given default prediction models are to be developed on the data set.
This person will execute on projects and data processes, analysis, and interface with a variety of internal stakeholders in order to ensure the accurate and timely delivery of data to support McGraw Hill Financial's commercial business. This person will be located in New York, while the geographic coverage of business includes North America, Saudi Arabia, and Europe.
This person will work closely with the Risk Solutions group on current and future consortia, project finance, and credit data pooling projects, and will be required to demonstrate a strong ability to identify, analyze and solve problems with respect to the proper content of information and analysis of data pools.
Essential Accountability
- Perform data analysis, and help aggregate data from multiple Middle East banks, and individual bank credit portfolio data submissions, and determine Loss Given Defaults (recovery) as well as Default Rates in different regional or asset class credit markets.
- Perform analysis and documentation on data capture / default risk reporting platform.
- Communicate with bankers and regulators regarding quality of acquired data. Quantify information quality.
- Work with members of the Risk Solutions Group and Data Operations on credit data pooling projects.
- Communicate data nuances to other project participants (Quant Modelers, IT, etc.)
- Assist Risk Solutions and quantitative modeling teams on building and enhancing predictive credit performance models.
- Follow all Basel II and other current banking regulations in all analytical methodologies.
- Research credit practices in the Middle East.
Skills
- BA or BS in Finance, Accounting, Statistics or related field. MBA or CFA strongly desired.
- 5+ years of work experience in Credit Data Pooling / Default Risk or related field.
- Aggregation of financial data from bank systems / data cleansing experience.
- Knowledge of Credit Risk Management concepts
- Understanding of bank credit processes
- Experience with Microsoft Excel and Microsoft Access.
- Proficiency in the area of timely delivery of complex milestones is required.
- Experience working with multi-cultural teams or international clients.
- Intermediate knowledge of Financial Accounting standards
- Clear understanding of different types of bank lending
About the Company
The McGraw-Hill Companies (NYSE: MHP) is a Fortune500 corporation with over 20,000 global employees and over 10,000 U.S. employees. Around the world, McGraw-Hill provides people with the information and insights they need to adapt and grow in changing times. Our business spans the fields of financial services, education, and business information with leading brand names such as Standard Poor's, McGraw-Hill Education, Platts, and J.D. Power Associates. By working together with our customers and partners, these brands are laying the foundation for a smarter, better world.
The McGraw-Hill Companies is an equal opportunity employer. Only electronic job submissions will be considered for employment. For special accommodation due to disability, please email webmaster -at- mcgraw-hill.com and your request will be forwarded to the appropriate individual.