Retail Risk Product Owner

Date Posted: 04/08/2026

Hiring Organization: Rose International

Position Number: 499558

Industry: Financial Services

Job Title: Retail Risk Product Owner

Job Location: Rutherford, NJ, USA, 07070

Work Model: Hybrid

Work Model Details: 3 days onsite and 2 days remote

Shift: Regular Working Hours

Employment Type: Temporary

FT/PT: Full-Time

Estimated Duration (In months): 6

Min Hourly Rate($): 90.00

Max Hourly Rate($): 95.00

Must Have Skills/Attributes: Product Development, QA, SQL

Experience Desired: Experience in product management, business analysis, or a similar role within financial services (10 yrs); Direct experience with CCAR, DFAST, or similar regulatory stress testing frameworks (5 yrs)

Required Minimum Education: Bachelor’s Degree

Preferred Education: Master’s Degree

**C2C is not available**

Job Description

Required Education:

• Bachelor's degree in Finance, Economics, Computer Science, Engineering, or a related quantitative field
  
  

Preferred Education

• Master's degree or MBA preferred
  
  

Required Qualifications/Skills/Experience

• 10 years of experience in product management, business analysis, or a similar role within financial services, with a strong focus on retail risk
• 5 years of direct experience with CCAR, DFAST, or similar regulatory stress testing frameworks and loss forecasting processes
• Proven track record of successfully delivering complex technology platforms or products in an agile environment
• Solid understanding of retail credit products (e.g., credit cards, mortgages) and associated risk drivers
• Familiarity with risk modeling concepts (PD, LGD, EAD) and methodologies
• Experience with data analytics tools, SQL, and understanding of large-scale data architecture concepts
• Knowledge of relevant technologies and platforms used in risk management and data warehousing
• Exceptional communication, presentation, and interpersonal skills, with the ability to articulate complex concepts to both technical and non-technical audiences
• Strong analytical and problem-solving abilities, with a keen attention to detail
• 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 in a fast-paced environment
  
  

Preferred Qualifications/Skills/Experience

• Experience using AI assisted tools is a plus
  
  

Overview

• 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.
• This critical role will have significant SME knowledge and bridge the gap between business needs, risk management requirements, and technical development teams, ensuring the delivery of a robust, scalable, and compliant platform.
• The ideal candidate will possess deep expertise in retail credit risk, regulatory stress testing (CCAR), and agile product management methodologies.
• They will be responsible for defining the product vision, strategy, roadmap, and features for our next-generation risk analytics and forecasting capabilities.
  
  

Job Duties

• Define and articulate the product vision, strategy, and roadmap for the Loss Forecast Platform, aligning with overall business objectives and regulatory requirements.
• Conduct market research, competitive analysis, and gather stakeholder feedback to identify new opportunities and inform product decisions.
• Translate high-level strategic objectives into detailed product requirements and user stories to bring in effeciency to the organization.
• Act as the primary liaison between risk management, finance, technology, and other key stakeholders to capture, analyze, and prioritize business requirements for CCAR, retail loss forecasting models, and other platform functionalities.
• Develop and maintain a well-groomed product backlog, ensuring stories are clearly defined, estimated, and prioritized based on business value, regulatory urgency, and technical feasibility.
• Facilitate workshops and discussions to elicit detailed requirements and resolve ambiguities.
• Work closely with agile development teams (scrum masters, developers, QA) throughout the entire product lifecycle, from conceptualization to deployment and post-launch optimization.
• Provide clear guidance and answer questions from development teams during sprint cycles to ensure accurate understanding and implementation of features.
• Participate in all agile ceremonies, including sprint planning, daily stand-ups, sprint reviews, and retrospectives.
• Oversee user acceptance testing (UAT) to ensure delivered solutions meet specified requirements and quality standards.
• Maintain an in-depth understanding of retail credit risk methodologies, CCAR, DFAST, CECL, and other relevant regulatory guidelines (e.g., SR 11-7).
• Ensure the platform design and functionality support robust data governance, model risk management, and auditability for regulatory submissions.
• Collaborate with model development and validation teams to integrate advanced loss forecasting models into the platform effectively.
• Effectively communicate product updates, progress, risks, and challenges to senior management and relevant stakeholders.
• Manage expectations and negotiate scope trade-offs to achieve optimal outcomes.
• Monitor platform performance, user feedback, and regulatory changes to identify areas for continuous improvement and innovation.
• Champion a data-driven approach to product development, utilizing analytics to inform decisions.
• **Only those lawfully authorized to work in the designated country associated with the position will be considered.**
• **Please note that all Position start dates and duration are estimates and may be reduced or lengthened based upon a client’s business needs and requirements.**
  
  

Benefits

For information and details on employment benefits offered with this position, please visit here. Should you have any questions/concerns, please contact our HR Department via our secure website.

California Pay Equity

For information and details on pay equity laws in California, please visit the State of California Department of Industrial Relations' website here.

Rose International is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender (expression or identity), national origin, arrest and conviction records, disability, veteran status or any other characteristic protected by law. Positions located in San Francisco and Los Angeles, California will be administered in accordance with their respective Fair Chance Ordinances.

If you need assistance in completing this application, or during any phase of the application, interview, hiring, or employment process, whether due to a disability or otherwise, please contact our HR Department.

Rose International has an official agreement (ID #132522), effective June 30, 2008, with the U.S. Department of Homeland Security, U.S. Citizenship and Immigration Services, Employment Verification Program (E-Verify). (Posting required by OCGA 13/10-91.).