Credit Risk – Associate

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Since 1974, The Bachrach Group's philosophy has ensured excellence in providing services to our corporate clients and to our candidates. When first formed, The Bachrach Group specialized in the accounting and financial fields. Over the years we have successfully diversified and today we specialize in staffing solutions in the following areas: Accounting Finance, Technology, Administration Office Support, and Real Estate Construction

Job Description

Credit Risk Management Unit within Risk Management Division Americas is seeking a multi-skilled risk analyst with a quantitative background to join the valuation and analytics team. The position is based in New York and provides the opportunity to acquire a firm-wide perspective of their business in the Americas.

This role encompasses activities associated with fair value calculation, risk monitoring and quantitative analytics.

Fair Value Calculation: This roll will be responsible for the pricing of credit investment and trading products such as ABS, CDO’s, CDS, and leveraged loans.

• Closely work with Front Office (FO), Back Office (BO) and Accounting Unit to ensure the completeness, accuracy, and reasonableness of fair values.
• Review existing valuation models and suggest and/or implement new approaches as necessary.
• Report exposure, PL, Value-at-Risk, sensitivities etc. on a daily basis.
• Analyze factors that drive the valuation risk and conduct stress testing and price verification.
• Deliver robust, flexible solutions in a quick response to changing or new reporting requirements.

Quantitative Analytics: This role will be also responsible for quantitatate research and model development. Projects vary from model parameter estimation to the development of portfolio analytics tools. Successful candidates will be result-oriented and delivery-focused.

• Collaborate with Front Office and Portfolio Management Division to optimize portfolio performance.
• Understand complex data structures and efficiently carry out large-scale data mining.
• Work with other members to design theoretically sound and empirically tested approaches.
• Create high quality presentations for senior management to share portfolio performances.

Required Experiences and Skills

• Must have a Bachelor’s degree in a quantitative discipline such as economics, engineering, mathematics, physics, quantitative finance, and statistics. Emphasis on data mining and/or optimization is a plus.
• 1 years+ experiences in the financial service industry, preferably in credit and banking products.

• Strong computational and analytical capabilities: Candidates will need to be able to run analytics and implement solutions in Excel and VBA (required), and object oriented programming languages such as Java and C++ (preferred). Intellectual curiosity for problem solving and an ability to approach problems in a logical and structured fashion are both critical.
• Strong data handling skills: General database knowledge such as Microsoft Access (required) and SQL (preferred).  An ability to distill complex data and present findings in a clear, understandable manner is essential.

 

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