Market Risk Analytics- Stress Testing

Market Risk Analytics- Stress Testing NYC – Hybrid (3 days onsite)8 Months contractPay rate: $120/hr - $130/hr on w2 (depending on exp)

Qualifications:Bachelor’s degree; major in Finance, Accounting, Economics or Business Administration preferred12+ years of progressive experience in the financial services industry; experience in Risk Management, Internal Audit; Providing Quality control for different milestonesKnowledge and understanding of regulatory and risk management in the financial services industry. Understanding of content around risk data and technology as well as stress testing – will be the main area of focus Need to work with various teams and really challenge the content and management around a milestone and that it addresses the remediation plan – so really addressing the quality and doing some testing Strong knowledge around the laws and regulations as they relate to a financial institutionShould be able to assess the scope, data lineage, data architecture Read their data operating model, guidelines, should be able to auditExperience working for a Regulator highly desirable.Recent experience in managing or leading audits and/or quality assurance reviews for a banking institution is preferred.Someone who has done data related audit would be ideal.Proven leadership and project management skills to drive alignment across stakeholder groups to review and challenge repeatable end-to-end risk management solutions and controls aligned with policies, framework and processes.Deep understanding of risk framework, corporate/business policies, and programs to translate into plans for the business, function and/or risk type.Demonstrated ability to understand effective and efficient risk controls and gaps within large organizations.Develop influential relationships based upon shared risk objectives and trust to deliver outstanding business impact and elevate team’s value proposition.Ability to work as a member of a team where success is defined not only on individual performance but also that of the entire team.Excellent communication skills; ability to articulate deadlines and deliverables clearly to senior members of organizationExperience advising and collaborating with cross-functional internal & external stakeholders.Lead through change with candor and optimismEffective negotiation skills Must have skillsConsumer or Wealth Management Credit Risk ManagementConsumer or Wealth Management Risk Analytics & ReportingCapital Analysis and Stress TestingLoss Forecasting, CCAR, CECL, and Basel/RWAExperience in model development is prerequisite; experience in Market Risk modelling e.g. VaR and Monte Carlo Simulation and/or experience in Counterparty Credit Risk e.g. CVA, exposure profile modelling are strongly preferredVery good programming skills in at least one programming language, Python most preferablyFamiliarity with regulatory guidance around financial stress testing principles and methodologies (inc. TWD), are strongly preferredExpert in topics related to Model Development Lifecycle and Model Risk Management;Python: Development isn’t required. Should have experience around looking at the code.Model development: The candidates will be looking at models and how they fit into stress testing suites. Review the model accuracy, model validation and connect the dots. Understand how model works and how to find information if it is a model or EUC (End-User computing) and connect the dots.Regulatory guidance around financial stress testingStress testing – capital analysis, loss forecasting, CECL, CCAR, Basel/RWA