Risk Analyst - Analytics - Basel/Credit

Risk Analyst

Protiviti (www.protiviti.com) is a global business consulting and internal audit firm composed of experts specializing in risk and advisory services. The firm helps clients solve problems in finance, operations, technology, litigation, governance, risk, and compliance. Protiviti's highly trained; results-oriented professionals serve clients in the Americas, Asia-Pacific, Europe and the Middle East and provide a unique perspective on a wide range of critical business issues.

Protiviti has more than 60 locations worldwide and is a wholly owned subsidiary of Robert Half International Inc. (NYSE symbol: RHI). Founded in 1948, Robert Half International is a member of the S&P 500 index.
Model Risk Practice

Protiviti’s Model Risk professionals help management and boards of directors understand the value – and limitations – of their models so they can make confident business decisions, advance business strategies and achieve regulatory compliance.

Models are simplified and idealized representations of the real world and are prone to errors in some cases. Further, because models are driven by assumptions and finite data inputs and then interpreted by people, model risk is inescapable. The use and reliance on quantitative models creates the need to consider the degree to which model risks are understood, monitored and managed. Regulators mandate model validation under such pronouncements as OCC 2011-12, Basel II, II.5, 3 and Solvency II. Other stakeholders, such as auditors, investors and rating agencies, are also demanding improved governance over the ever-expanding inventory of quantitative models.

Our Model Risk team brings Ph.D.-level “quant” experience to developing and validating all types of quantitative models, including asset-liability management, credit risk, economic capital, market risk, pricing and operational risk models. Our independent, holistic validation process helps control model risk, prevents losses associated with model risk and enhances key stakeholders' understanding of models. We also help organizations manage their portfolio of model risks by assessing, designing and implementing model governance programs. We can develop customized quantitative models, refine and calibrate existing models, and design stress testing and scenario analysis programs to supplement existing analytics.
JOB DESCRIPTION

OVERALL RESPONSIBILITY

- Our senior consultants are responsible for execution on client engagements and maintaining a strong relationship with senior client personnel.

- Senior consultants must have a solid understanding of their client’s business and be able to demonstrate technical competence in their product group and industry.

- Consultants ensure quality and satisfaction on engagements and must be able to clearly articulate the value drivers of our business.

- Additionally, they are also responsible for developing opportunities both at existing clients and new clients and for job economics such as ensuring timely close and billing of projects.

SPECIFIC RESPONSIBILITIES

- Review, validate, or develop models related to one of more of the following: credit underwriting, account management, collection, fraud, ALLL and Reserving, Fair Lending, Stress Testing, Basel II, compliance

- Assessing business strategies and related risk/control infrastructures

- Evaluating, developing, or implementing credit risk measurement tools

- Evaluating, developing, or implementing capital management models and measurement tools

- Advisory and methodological support for the quantification of credit risk

- Identifies potential sales opportunities with existing clients

- Demonstrates ability to add valuable and creative suggestions to the proposal development process

- Demonstrates ability to recognize risk to Protiviti with potential clients and advise appropriately

- Demonstrates the ability to discuss technical and industry trends and the related solutions

- Develops expertise in specific technical areas or industries

- Contributes to employee development by actively mentoring employees, creating development opportunities, and initiating and conducting training

- Effectively plans, budgets and manages client engagements

- Manages engagement economics (e.g., inventory, receivables, pricing, contribution, etc.) in line with Protiviti goals

- Effectively builds and manages client relationships

- Delivers specific product solutions to clients

- Adds value by identifying client expectations and then exceeding mutually agreed-upon objectives

- Identifies opportunities to integrate product solutions and resources to optimize client service

- Assists engagement leadership in managing engagement profitability and managing engagement risk

REQUIRED KNOWLEDGE & SKILLS

- Theoretical understanding of financial math, financial economics, financial econometrics, statistics, and/or credit modeling

- Thorough knowledge in one or more of the following areas: Basel II, credit modeling, and/or capital management modeling

- Prior management and direct supervisory experience in a team environment

- Ability to travel as necessary to meet client needs

- Must work well in a team-oriented environment as well as independently

- Must work creatively and analytically in a problem-solving environment

- Demonstrated excellent leadership and interpersonal skills

- Demonstrated advanced written and verbal communication skills

- Must have ability to multi-task

- Excellent project management skills

- Excellent client relationship skills

- Proven Business Development skills

- Excellent time management skills

- Demonstrated mentoring and people development skills

- Must be able to handle highly confidential information in a strictly professional manner

- Must be able to maintain professional demeanor in times of high stress

REQUIRED TECHNICAL KNOWLEDGE & SKILLS

- Strong programming experience (SAS) and

- Demonstrated skills utilizing high level statistical and econometric skills and

- Advanced knowledge of econometric models, statistics and probability models, time series models and optimization techniques and

- Proven knowledge of consumer and commercial finance industry.

EDUCATIONAL & PROFESSIONAL CREDENTIALS

- Post-Graduate degree in Economics (with mathematical specialization), Financial Engineering, Statistics or equivalent

- PhD strongly preferred

- Professional Certification such as FRM, CFA, strongly preferred

- Leading consulting experience preferred

Kindly Contact:- bandi.kalyan@protiviti.co.in