Quantitative Financial Analyst recruitment
The primary responsibility of Capital Reporting and Analytics/Enterprise Capital Management team is to maintain, and communicate the results of the Bank's economic capital models. These models estimate the capital required by the risks of the Bank's activities. Economic capital is the basis used to calculate Risk Adjusted Return on Capital, or RAROC, which is used in organizational, customer, and product profitability; pricing models; strategic planning; and portfolio management initiatives. Capital Reporting and Analytics (CRA) value to business partners by evaluating the risk-reward relationship of their clients, products, and activities. In addition to economic capital, the team provides leadership of the Bank's implementation of the Basel II regulatory capital framework. In this role, CRA assists Basel II teams within the Bank on implementation of those rules; and provides key quantitative inputs to the calculation of Basel II capital.
Looking for a Quantitative Finance Analyst that is responsible for supporting one or more of the production workstreams: monthly analysis and reporting of capital results and several projects related to the Basel II regulatory capital regime. This position is for very hands on associate who seeks to understand the company's balance sheet and regulatory capital requirements. To be successful this individual will require a thorough understanding of the Basel II requirements and the ability to interface with the various business units and operation areas.
Required Skills: Masters or equivalent training in a core applicable science field: Math / Statistics / Economics / Physics / Computational Engineering; strong understanding of quantitative methods applied to finance and banking; advanced knowledge and experience with SQL and working with large databases; fundamental understanding of micro and macroeconomic concepts; strong written and verbal communication skills.
Desired Skills: Knowledge of Basel 2 regulatory capital is a plus; In$ight and Essbase knowledge is a plus; experience writing technical documentation; project management experience, particularly in the development of models or analytic processes; experience with SAS software; working knowledge of using reporting tools, Actuate, Actuate1, or Spotfire is a plus