Head of Macroeconomic Modeling and Scenario Application Job at State Street
$140,000 - $222,500 a year
What you will be responsible for
As Head of Macroeconomic Modeling and Scenario Application you will:
- Lead a team to develop macroeconomic models and provide quantitative support to various scenario applications including CCAR, CECL/IFRS9, ICAAP, BAU stress testing and climate risk analysis
- Review and enhance scenario generation analytical methodology including modeling choices in line with firm’s risk profile and regulatory requirements
- Develop models to meet the model use requirements
- Review and verify key model assumptions with model owners
- Review model outputs with properly justified opinions and judgments to capture forward-looking financial market and macro-economic outlooks
- Implement internally developed models on risk analytical library platform
- Streamline the existing modeling and analytical process; increasing the pace of execution to meet the needs of the business
- Work in close partnership with the three lines of defense functions, such as model governance, Audit and Financial Regulatory Assurance to ensure appropriate governance and control infrastructure for credit risk analytics
- Prepare and present required reports/reviews to model risk management, management and regulators
What we value
These skills will help you succeed in this role:
- Strong analytical and quantitative mindset; ability to take ownership and improve on existing risk models and methodologies
- Energetic/motivator: an enthusiastic individual with proven leadership skills and an ability to motivate a diverse, multi-level workforce and instill a sense of urgency on a range of evolving goals and objectives
- Organizational strengths: an ability to organize resources, processes and priorities to ensure business needs are met in a coordinated, responsive and timely manner, with minimal direction
- Confidence: a self-assured, experienced and knowledgeable individual able to quickly garner support for his/her views based on informed, well-presented direction or analysis, with a willingness to negotiate, and concede, when needed
- Communicator: clear, confident, self-assured communication style, coupled with an ability to react and adapt to various audiences and environments without diluting effectiveness
- Talent manager: an ability to quickly assess strengths and weaknesses of team members at all levels, and ability to identify developing talent and nurture accordingly, and an ability to deliver clear, honest
Education & Preferred Qualifications
- Masters degree or PhD in Economics, Finance or equivalent
- 10+ years experience of macroeconomic modeling and analytics in economic research firms or regulatory financial institutions
- Recent experiences in developing and executing macroeconomic models for regulatory purposes (e.g., CCAR, ICAAP and climate risk analysis)
- Demonstrated experience working with economic research firms
- Demonstrated experience working with Global Regulators in the banking or financial services sectors; proficient understanding of various regulations such as CCAR, ICAAP and climate risk analysis
Proven interpersonal and communication skills at both the executive and regulator level
Salary Range:
$140,000 - $222,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Please Note :
ajayjain.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, ajayjain.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, Site.com is the ideal place to find your next job.