Stress Testing Analyst

Stress Testing Analyst

Irving, Texas

Hybrid

Contract

$86/hr - $92/hr

Grow your career as a Stress Testing Analyst with an innovative global bank in Irving, TX. Contract role with strong possibility of extension. Will require working a hybrid schedule 2-3 days onsite per week.

Join one of the world's most renowned global banks and trusted brand with over 200 years of continuously evolving financial services worldwide. You will work alongside some of the smartest minds in the industry who are excited to share their knowledge and to learn from you.

Contract Duration: 6+ Months

Required Skills & Experience

• Bachelor's/University degree.

• 5+ years of experience in stress testing (CCAR/DFAST), CECL, or loss forecast model development.

• 5+ years of experience with data analytical tools like Python or R.

• Demonstrated experience of building analytical tools to support the analysis of loss forecasting results, using tableau, Excel, R shiny or Python

• Excellent quantitative and analytic skills. Ability to derive patterns, trends and insights, and perform risk/reward trade-off analysis.

• Knowledge on scenario design, sensitivity shocks and risk identification process.

• Proficient with MS Office suite, Word/Excel/PowerPoint.

• Good interpretations and communications skills to convey complex quantitative methodology in simple terms.

Desired Skills & Experience

• Master's degree in Economics, Finance, or quantitative majors.

• Sound knowledge of C&I and CRE loss forecast modeling analytics, PD/LGD/EAD models, experience in HFS/FVO.

What You Will Be Doing

• Execute monthly stress testing exercises to monitor WCR's risk appetite and identify vulnerable areas.

• Cover key process of rapid stress testing, overlays.

• Provide analytics support to stress test models in wholesale products, connect the stress testing output to model drivers.

• Build tools & analytical capabilities to support outcome analysis, loss forecasting reports and what if analysis.

• Gather and analyze portfolio and macro-economic data to assess potential impact on business performance and integrate the trends to the portfolio loss forecast.

• Partner with business units and risk managers to assess data availability and fit for purpose modeling approaches.

• Interact with model developers, model risk governance, business risk, internal audit.

• Leverage business/product expertise to evaluate and challenge the stress loss assumptions in hypothetical and historical stress scenarios.

• Research on 3rd party data, loss history and alternative models to build inventory of benchmarks.

• Contribute and refine current model performance monitoring process to interpret model output and identify opportunities for future improvements.

You will receive the following benefits:

• Medical Insurance - Four medical plans to choose from for you and your family

• Dental & Orthodontia Benefits

• Vision Benefits

• Health Savings Account (HSA)

• Health and Dependent Care Flexible Spending Accounts

• Voluntary Life Insurance, Long-Term & Short-Term Disability Insurance

• Hospital Indemnity Insurance

• 401(k) including match with pre and post-tax options

• Paid Sick Time Leave

• Legal and Identity Protection Plans

• Pre-tax Commuter Benefit

• 529 College Saver Plan

Motion Recruitment Partners (MRP) is an Equal Opportunity Employer, including Veterans/Disability/Women. All applicants must be currently authorized to work on a full-time basis in the country for which they are applying, and no sponsorship is currently available. Employment is subject to the successful completion of a pre-employment screening. Accommodation will be provided in all parts of the hiring process as required under MRP's Employment Accommodation policy. Applicants need to make their needs known in advance.

Posted by: Melissa Klein

Specialization: Data Analyst