Operational Risk Quantitative Analysis Manager recruitment
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $84 billion at September 30, 2011. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 404 full-service branches in California, Washington, Oregon and Texas, as well as two international offices, on September 30, 2011. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest financial organizations. Visitwww.unionbank.com for more information.
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Job Summary:
Reporting to the Operational Risk Workstream Lead, the Quantitative Analysis Manager will lead a team of quantitative risk modelers in developing and enhancing the banks' operational risk (OpRisk) capital model. The Quantitative Analysis Manager will also formulate mathematical/statistical alternative modeling approaches, oversee the banks FFIEC reporting schedule submissions, interface with bank regulators, write technical documentation, and report modeling results to senior mgmt.
Major Responsibilities:
- Day to day mgmt of the banks OpRisk quantitative modelers.
- Formulate mathematical/statistical alternative modeling approaches.
- Oversee the completion, submission, and summarization of the FFIEC OpRisk capital schedules.
- Work with the banks Model Validation team in enhancing/stabilizing the banks OpRisk capital model.
- Work closely with the OpRisk Workstream Lead in meeting project deadlines and presenting modeling results.
- Write model documentation suitable for regulatory oversight.
- Work with bank regulators in adhering to regulatory guidelines and enhancing/stabilizing the banks OpRisk capital model.
Qualifications:
- Requires a Master's degree (Ph.D. preferred) in Business, Economics, Financial Engineering, Mathematics, Statistics, or other related field.
- Previously managed or was a part of a large scale modeling team.
- At least 4 years experience at a financial services institution; operational risk experience strongly preferred.
- Experienced and skilled in managing projects; PMP designation a plus.
- Experience with SAS and R programming languages.
- Basel II AMA experience strongly preferred, but not required.
- Excellent skills in risk assessment analysis and a solid understanding of business and financial markets.
- The ability to write structured, clear, and comprehensive model documentation to withstand regulatory scrutiny. Strong verbal communication skills also a plus.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
Union Bank is committed to leveraging the diverse backgrounds, perspectives, and experiences of our workforce to create opportunities for our people and our business. EOE. M/F/D/V
For immediate consideration, please apply directly to position #19037 online at unionbank.com/careers