What are the responsibilities and job description for the VP - Quantitative Credit Risk position at Taurus Search?
One of our largest financial services clients is hiring a VP - Quantitative Modeling to sit within their credit risk analytics group. This role will be responsible for designing, developing, testing, and maintaining and enhancing a variety of model types focused on credit ratings and loss forecasting for the commercial banking division. As a liaison from the first line to the second line of defense, this position will interface with leaders across the organization.
RESPONSIBILITIES:
- Lead quantitative research efforts related to model development methodologies, deployment and monitoring responsibilities.
- Develop models specific to commercial credit rating/ loss forecasting.
- Perform risk analysis to support initiatives across the enterprise.
- Liase with second line of defense to develop benchmark models
- Assure models adhere to federal regulatory requirements. (CCAR, CECL)
- Maintain key data source for groups model development and quantitative analyses
QUALIFICATIONS:
- Master’s degree in any STEM related field
- 7 years of experience in financial market risk management, specifically with fixed income products.
- Strong analytical skills and innovative problem-solving skills.
- Expert proficiency in programming languages Python, C , Java and familiarity with SQL.
- Experience modeling fixed income, including treasury or mortgage security
- Excellent communication skills