Lead Quantitative Analyst
Responsibilities
This quantitative analyst position will be responsible for authoring and publication of research reports that communicate internal rating assessment and rating rationale to Sr. Management. This is a new position that will work with members of the Reporting Analysis leadership to establish the methodology and a continuous execution framework that measures how well the business performance of wholesale and retail portfolios coincides with RBS Citizens risk appetite strategy and RBS Group strategic plan.
Incumbent will be required to analyze RBS Citizens internal and peer data to perform rating assessment. Primary duties will include: authoring reports that summarize the research and analyses performed, conducting meetings with credit officers and business management; performing bank industry and sector research; performing analysis of key internal quantitative and qualitative factors; presenting rating assessments and rating rationale to senior management; Position will also require active role in assisting in related industry studies.
The analyses and recommendations will be made exclusively for the benefit of the RBS Citizens Sr. Executive team. Incumbent will carefully study the underlying components of credit, market, operational and regulatory performance of RBS Citizens and document the division’s degree of confidence that it will be able to meet its commitments to the overall RBS Group strategic plan to improve the Bank’s external rating with ratings agencies.
Commentary and assessment will be required to evidences analytically the strength of the RBS Citizens risk management program. All assessments will be based on evidence drawn from scrutinizing underlying drivers of forecasted and actual credit and business performance of the Wholesale and Retail book of business at RBS Citizens. The incumbent will partner with colleagues in Risk Architecture, Finance, Treasury and the business line to report progress of expected risk-adjusted rates of return and other risk appetite measures, with summarized commentary supporting the rating of the program. Assessments will profile the underlying creditworthiness of identified portfolio segments, sector concentrations and other policy governors (e.g. single name concentrations, total committed exposures) to ascertain progress against business goals in the context of a range of economic scenarios. This individual will participate and contribute to internal discussions on identified issues in review meetings with senior management based on the content of the rating assessment and establish and management action plans to close self-identified gaps.
Closely follow internal business developments within Wholesale and Retail portfolios, assessing the potential impact on the RBS Citizens risk management program. Regularly meet with credit officers and business lines to discuss strategy, performance and risk management. Establish and follow standards of external sector-wide developments and assess and document their potential impact on progress internal strategy.
Perform analysis and interpret financial, credit, treasury and RBS Group reports and external benchmarking standards.
Author monthly rating assessment summaries, including commentary with supporting analytic evidence for RBS Citizens and present to internal Sr. Executives. Participate in the preparation of special reports.
Participate and contribute to internal discussions on identified issues in review meetings with senior management based on the content of the rating assessment and establish and management action plans to close self-identified gaps.
Qualifications
Bachelor Degree on Economics, Finance, Operations Management or other quantitative discipline business decisions on credit quality. Ability to determine how much risk can be taken to deliver business strategy. Knowledge of BASEL preferred.
Master dregree prefered
Other education prefered :Buy-side external
In addition, the candidate must demonstrate a combination of academic aptitude, quantitative skills, strategic and creative thinking. Writing and communication skills will be crucial as the candidate will document their work in executive level reports.
Demonstrated knowledge of regulations governing credit risk management methods. Ability to develop independent, disciplined processes that eliminate, transfer, re-structure or mitigate identified risks.
Knowledge of regulations governing market and liquidity risk management methods. Knowledge of industry economic measures and impact on risk weighted assets (RWA) and standards for measuring capital
Demonstrated experience in multi-tasking. Proven expertise in planning and executing operational plans, complex change-management projects.
Excellent written and verbal communication skills. Strong presentation skills. A balance of incisive numerical and analytical skills, together with an ability to speak and write concise, fluent English. Must have experience in writing critical essays and reports.
Credit Risk, Corporate or Regulatory. Ideally candidate should have gained some relevant experience from within an audit, banking or financial regulatory environment.
Demonstrated knowledge of credit risk assessment measurement and methods that define the credit risk that impacts our businesses. Ability to assess approaches, determines probability and impact of
Members of the Reporting Analysis team work in a collegial environment, interacting with each other as well as Risk Architecture colleagues, portfolio managers, business lines, Treasury, Finance, and external vendors. Success of the individual in this role will depend critically on attention to detail, initiative, strong work ethic, and team focus.
Ability to analyze balance sheet and financial statements and update rating assessment based on the financial condition of the company.
The ideal candidate has a quantitative background with preference of specific experience in statistical and computational methods. Candidates with knowledge of financial mathematics, credit analysis and accounting/finance will be considered more favorably.
A good educational background, including strong results at degree level but a track record of industry experience may serve as a substitute.
Hours and Work Schedule
Hours per Week: 40
Work Schedule: Monday-Friday 8:00AM-5:00PM
Equal Employment Opportunity
It is the policy of RBS Citizens, N.A. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, genetic information, pregnancy, veteran or military status, marital or domestic partner status, or any other factor protected by federal, state, and/or local laws.
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