Sr Mgr Quantitative Analysis recruitment
Responsible for developing and executing all aspects of retail or wholesale credit risk models to ensure the delivery of credit risk parameters that are compliant with regulatory and accounting requirements, while providing credible management information to support business decisions. In this capacity, the incumbent consults with various business units, such as “line,” regulatory, and controllership staff to understand their analytics needs, and IT and data teams who provide data for this analysis, as well as analogous staff around the RBS Group to ensure consistency of our approach with RBS Group Standards.
These models/approaches are used throughout the bank to determine required regulatory capital, appropriate levels of economic capital, appropriate reserves for loan and lease losses (i.e., the allowance for loan and lease losses (ALLL)), and loan pricing levels that are commensurate with the risk inherent in transactions. These activities have direct effects on the bank’s income (through the ALLL reserve), returns (through economic capital), regulatory compliance (through Basel II capital determination), and ability to compete and win transactions (through determination of risk-based pricing).
Has primary responsibility for producing and presenting all aspects of model documentation to regulators, internal and external auditors, validation teams, and RBS model testing staff to demonstrate model accuracy and compliance with regulatory and accounting stipulations as well as RBS Group modeling standards.
Provide work direction to assigned staff to ensure adherence with appropriate modeling techniques and mechanisms to control against coding errors.
As part of the department’s research and development efforts, works with the department’s senior staff to determine appropriate econometric techniques, documentation and presentation approaches, and quality assurance strategies that validate each credit risk model. Stays abreast of leading modeling techniques to ensure that department output follows best practices.
Lead “peer review” and training sessions in which department colleagues review and critique each others’ work to assure internal quality control.
Serve as “chief operating officer" for execution of all aspects of credit risk modeling plans and day-to-day communication with stakeholders throughout the bank. In this capacity, he/she confers with clients to ensure that appropriate model inputs and outputs are being used / produced and assure that their modeling needs are being met.
Qualifications
7-10 years of modeling/analytical experience with commercial banks or financial institutions.
Provides work direction to a team.
Very skilled in Statistical and Econometrical skills.
Expertise in credit risk modeling, particularly with respect to Basel II and accounting SFAS 5. Familiar with commercial banks’ products, operation and credit processes.
Excellent communication (both verbal and written) skills and project management skills (e.g., Six Sigma greenbelt trained).
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.