What are the responsibilities and job description for the Product Owner position at Axelon Services Corporation?
Global Financial Firm located in RUTHERFORD, NJ has an immediate contract opportunity for an experienced Product Owner
Pay Rate: $91.00 - $96.00 Negotiable based upon years of experience
Work Mode: Hybrid
Location: Rutherford, NJ
Summary:
- Experienced Retail Risk Product Owner to lead the development and enhancement of a new Loss Forecast Platform for use in CCAR and internal loss forecast processes.
- Possess deep expertise in retail credit risk, regulatory stress testing (CCAR), and agile product management methodologies.
Responsibilities:
- Define and articulate the product vision, strategy, and roadmap for the Loss Forecast Platform.
- Conduct market research and gather stakeholder feedback.
- Translate strategic objectives into detailed product requirements and user stories.
- Act as the primary liaison to capture, analyze, and prioritize business requirements.
- Develop and maintain a well-groomed product backlog.
- Facilitate workshops and discussions to elicit detailed requirements.
- Work closely with agile development teams throughout the product lifecycle.
- Oversee user acceptance testing (UAT) to ensure solutions meet specified requirements.
- Maintain an in-depth understanding of retail credit risk methodologies and regulatory guidelines.
- Collaborate with model development and validation teams.
- Effectively communicate product updates, progress, risks, and challenges to senior management.
- Monitor platform performance and user feedback for continuous improvement.
Requirements:
- Bachelor's degree in Finance, Economics, Computer Science, Engineering, or a related quantitative field. Master's degree or MBA preferred.
- 10 years of experience in product management or business analysis within financial services, focusing on retail risk.
- 5 years of direct experience with CCAR, DFAST, or similar regulatory stress testing frameworks.
- Proven track record of successfully delivering complex technology platforms or products in an agile environment.
- Solid understanding of retail credit products and associated risk drivers.
- Familiarity with risk modeling concepts and methodologies.
- Experience with data analytics tools, SQL, and understanding of large-scale data architecture concepts.
Preferred Skills:
- Exceptional communication, presentation, and interpersonal skills.
- Strong analytical and problem-solving abilities.
- Ability to influence stakeholders and drive consensus across diverse teams.
- Proactive, self-starter with the ability to work independently and as part of a team.
Salary : $91 - $96