| Location: |
NY-NYC
Mid-Atlantic (DE, DC, MD, NJ, NY, PA, VA & WV) |
| Salary Range: |
150,000 - 170,000 |
| Total Compensation: |
175,000 - 200,000 |
| Job Description: |
*Oversee ongoing development, refinement and enhancement of Probability of Default (PD) and Loss Given Default (LGD) grading systems and practices including: *Develop and maintain corporate standards for PD and LGD approach (including benchmark grades for different products). *Determine appropriate methodology for all grading templates *Research and document both internal and external sources to support our grading approach *Own the grading policy; update on a regular basis. *Leverage technology to improve delivery and use of credit grading tools *Develop and employ back-testing process to ensure accuracy of models and review recommendations generated from the back testing process and develop specific action plans to implement such recommendations *Work with model validation team (part of Enterprise Risk Management group) to develop robust process and output to ensure accuracy of models. *Monitor use of templates via reports from the data base as well as periodic audits of transactions; provide feedback and direction to business units related to actual usage. *Work with Risk-Based Pricing team to integrate grading process into pricing models *Participate in the identifying training needs, develop programs to address such needs and deliver programs. *Act as subject matter expert for all aspects of credit grading and liaise with all areas of the company on issues related to grading. |
| Education and Certifications/Licenses: |
Masters, None, None |
| Mandatory Minimum Qualifications: |
*Ten years+ in a bank,rating agency or finance company as a credit or risk management officer with responsibilities that include development &/or participation in credit grading activities ,portfolio management & credit review/approval *Extensive knowledge of credit grading & rating concepts (both PDs & LGDs)&the technical development of such underlying models as well as a working knowledge of the Basel II accord *College/University degree in relevant field (business, financing, accounting, etc) *Advanced Degree/MBA preferred *Highly computer literate (including Excel, Access, Word, PowerPoint & basic reporting tools such as SAS & Business Objects) *Strong verbal & written communication skills *Solid ability to perform complex qualitative & quantitative analysis *Proven ability to successfully lead & manage teams *Project management & relationship management skills essential; Ability to bring together &/or work in ad hoc teams but also able to work independently yet collaboratively |
| Preferred Qualifications: |
|
| Benefits: |
standard
|
| Overnight Travel: |
None Listed |
| Relocation Assistance: |
No |
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