Market Risk/ OPERATIONAL RISK Consultant - Stress testing
Market Risk/ OPERATIONAL RISK Consultant - Stress testing
Mindlance
New York City Metropolitan Area
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Base pay range
Job Title: Market Risk/ OPERATIONAL RISK Consultant - Stress testing
Duration: 3 Months + (High Possibilities of Extension/Conversion)
Location: New York City, NY/ Irving, TX (Hybrid, 3 days onsite)
Details (responsibilities and requirements/experience):
Team/Role Overview
This role sits in Enterprise Risk Analytics (ERA), and will review and challenge the stress testing process, which requires proven partnership, leadership and credit and market risk expertise as the team will coordinate across multitude of stakeholders in first line of defense teams, ERM governance, model development, reporting, technology, Internal Audit, and external regulators. He/ She will have the opportunity to work with senior stakeholders in 1LoD and 2LoD. He/ She needs to leverage the analytics expertise on both the loss models and scenario models to support the firmwide stress testing program.
What you’ll do
• Conduct annual reviews of programs for liquidity, market non-trading, and OpRisk stress testing programs, including the regulatory driven stress testing, internal stress testing, and the risk pool contribution to enterprise level stress testing programs (e.g., GSST, RST, ICAAPs).
• Contribute to additional review, which may be required based on changes in scenario, assumptions, or methodologies, as well as significant macroeconomic or market events
• Conduct data analysis and support pool owners in reviewing the results.
• Analyze and interpret reports, make recommendations addressing business needs.
• Communicate findings to applicable stakeholders and ensure action plans are defined to remediate issues
• Evaluate stress test results and actions (e.g. limit setting/ monitoring, risk appetite, risk identification).
• Assist in the development of analytic engines for business product lines.
• Communicate results to a variety of audiences.
• Conduct analysis and package it into detailed technical documentation reports to meet regulatory guidelines and exceed industry standards.
• Identify modeling opportunities that yield measurable business results.
• Supervise junior team members.
What we need from you
• Demonstrated industry experience in treasury & funding risk or OpRisk risk management fields, including liquidity, Market, Operational Risk or CCR including risk management, model validation, or model analytics.
• Experience in relevant regulatory guidance, including the Reg YY, SR12-7
• Fewer years of relevant experience will be considered for candidates with higher academic qualifications and/or certifications such as a PhD, a second master’s degree, FRM or CFA.
• Knowledge of risk appetite, limit setting, banking book/ trading book products and risk management practices
• Consistently demonstrates clear and concise written and verbal communication skills
• Self-motivated and detail oriented
• Demonstrated project management and organizational skills and capability to handle multiple projects at one time
• Proficient in Microsoft Office (EXCEL), SAS, R, Python or other programing languages
“Mindlance is an Equal Opportunity Employer and does not discriminate in employment on the basis of – Minority/Gender/Disability/Religion/LGBTQI/Age/Veterans
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Seniority level
Associate -
Employment type
Contract -
Job function
Business Development and Analyst -
Industries
Banking and Investment Banking
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