Chat

iimjobs

jobseeker Logo
Now Apply on the Go!
Download iimjobs Jobseeker App and get a seamless experience for your job-hunting
09/09 Vikas Sharma
Associate Consultant at Black Turtle

Views:206 Applications:49 Rec. Actions:Recruiter Actions:31

AVP - CCAR/Stress Testing/Model Execution - Bank (5-12 yrs)

Chennai Job Code: 847024

The MEx framework provides model execution and results analysis capabilities to planning and stress testing. Significant effort will be required to conduct the stress test and comply with requirements around the following:

- Company run stress testing including policies and procedures

- Estimates of projected revenues, losses, reserves and balance sheet

- Supporting documentation for results analyses

- Taking part in effective governance

- Responding to Internal Audit review

- Interaction on model validation and model risk governance

- Creating effective challenge framework

What will you be doing?

- Direct participation in planning and stress testing activities.

- Work on deliverables across numerous teams (e.g. Quantitative Analytics, Front Office, Risk, Treasury, etc) and work streams (e.g. model development, documentation, results governance, etc) ensuring timelines are met.

- Assist in the projection model development process and participate in the discussions/assessment of model methodology and documentation, including engagement with senior stakeholders.

- Model execution ownership and re-development across a broad range of revenue and Balance Sheet models.

- Work closely with the business, CFO BP, Product Control and the modelling team to develop, assess, and challenge the assumptions and approach used in forecasting.

- Utilize PC/FC experience and an ability to interpret regulatory guidance in order to build models that will be used by the organization to drive stress testing deliverables.

- During execution of the models, coordinate the data aggregation within various infrastructure areas within the bank (i.e. Front Office, Regulatory Control, Product Control, Risk, and Treasury) to complete the forecasting analysis and reviews as well as the cross function hand-offs.

- Assist in the development of a P&ST data quality process and monitoring framework

- Develop robust internal controls including policies and procedures; change control; comprehensive documentation; model validation; and review by IA

- Role requires significant analytical and technical skills and evaluative judgement in order determine appropriate model methodologies but also to determine the right balance between model sophistication and practical application/understanding by stakeholders.

- Leverage knowledge of financial statement analysis and technical framework to make sound decisions regarding forecasting/overlays, governance, controls, and model framework. Most relevant would be AVP-level experience in Driver based forecasting or Product Control (or Financial Control).

What we- re looking for:

Basic Qualifications:

- Bachelor of Science/Business Administration degree in Economics, Finance or Accounting

- 4+ years of relevant experience

Skills that will help you in the role:

- CPA preferred

- Product Control experience

- CCAR experience

- Strong written and verbal communication skills

- Project management experience

- Knowledge of investment banking products and markets

- Strong analytical and problem solving skills

- Strong focus on internal controls

- Commitment to meeting deadlines

- MBA degree beneficial

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

Add a note
  • Apply
  • Assess Yourself
  • Save
  • Insights
  • Follow-up
Something suspicious? Report this job posting.