Loss Forecasting Consultant - Business Consulting Firm
Posted 1 week ago
Posted 1 week ago
Loss Forecasting for a Leading Global Business Consulting
Company Overview:
We are a leading global business consulting firm, partnering with Fortune 500 companies across diverse industries, including financial services, technology, and healthcare. We provide data-driven solutions to complex business challenges, leveraging advanced analytics and deep industry expertise. Our global presence allows us to serve clients worldwide, delivering impactful results and driving sustainable growth.
Role Overview:
As a Loss Forecasting Consultant, you will play a critical role in developing and implementing advanced loss forecasting models for our clients in the financial services sector. You will collaborate with client stakeholders and internal teams to understand their business requirements, analyze large datasets, and build robust models to predict credit losses. Your work will directly impact our clients' ability to manage risk, optimize capital allocation, and comply with regulatory requirements.
Key Responsibilities:
- Develop and validate loss forecasting models using statistical techniques and machine learning algorithms for clients, ensuring accuracy and reliability in predicting future credit losses.
- Collaborate with client stakeholders to gather data, understand business processes, and define model requirements, ensuring alignment with their specific needs and objectives.
- Conduct data analysis and feature engineering to identify key drivers of credit risk, enhancing the predictive power of loss forecasting models.
- Document model development processes, assumptions, and limitations for regulatory compliance and internal governance purposes.
- Present model results and insights to clients, communicating complex technical concepts in a clear and concise manner to facilitate informed decision-making.
- Stay abreast of industry best practices and regulatory changes related to loss forecasting, ensuring that our models remain compliant and effective.
- Contribute to the development of new methodologies and tools for loss forecasting, enhancing our firm's capabilities and competitive advantage.
Required Skillset:
- Demonstrated expertise in developing and validating loss forecasting models, including PD, LGD, and EAD models.
- Strong understanding of credit risk management principles and regulatory requirements (e.g., CCAR, IFRS 9).
- Proficiency in statistical modeling techniques, such as regression analysis, time series analysis, and machine learning algorithms.
- Experience with programming languages such as Python or R for data analysis and model development.
- Excellent communication and presentation skills, with the ability to explain complex concepts to both technical and non-technical audiences.
- Ability to work independently and as part of a team, managing multiple projects and deadlines effectively.
- Bachelor's or Master's degree in a quantitative field such as statistics, mathematics, economics, or finance.
- Adaptability to a fast-paced, client-focused consulting environment in Bangalore.
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