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Quantitative Risk Model Officer - Financial Services Industry
NPAworldwide Recruitment Network
NPAworldwide Recruitment Network
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Job Location: Dallas, TX

Job #: 14777
Title: Quantitative Risk Model Officer - Financial Services Industry
Job Location: Dallas, Texas - United States
Employment Type:
Salary: $110,000.00 - $185,000.00 - US Dollars - Yearly
Employer Will Recruit From: Nationwide
Relocation Paid?: Yes


Quantitative Risk Model Officer - Financial Services Industry

The QRMO will work under limited supervision, provides risk management and measurement services in the areas of credit risk, market risk, liquidity risk, operational risk and model risk. Develops complex models to quantify risk or price assets.


Duties may include but will not be limited to the following:

  1. Develops quantitative model validations and performs stress testing in the following areas; credit risk, (including probability of default), loss given default, exposure measurement, loan loss reserving, market risk (including daily value at risk), pricing models, counterparty credit risk, prepayment risk, and liquidity risk (including building regulatory liquidity calculations).
  2. Develops a capital stress test model to be used to conduct predictive modeling. Assists in developing methodologies and assumptions to produce highly correlated results from historical data applied to projected loan originations. Conducts financial, econometric and statistical analysis of data.
  3. Manages large and/or complex data sets using statistical tools and database technologies. Reviews external studies and adapts methodologies in those studies in markets throughout a national risk area.
  4. Critically reviews financial regulations and develops quantitative methods that meet regulatory requirements.
  5. Performs back-testing, sensitivity testing, and stress testing of models. Identifies and critically evaluates internal loan data elements and external market data for use in risk management models.
  6. Works with staff in the business units to gain and understanding of business issues and to reflect that understanding in the risk models and methods.
  7. Prepares documentation, communication materials and writes technical documentation including methodologies.
  8. Presents results and analysis of findings to manager.
  9. Documents business requirements and ensures methodologies are accurately implemented in production systems.
  10. Conducts ad hoc assignments in areas such as; credit risk (capital), market risk, and liquidity risk. Assists with calculations related to credit economic capital.
  11. May act as lead or technical expertise on assigned projects.
  12. Stays abreast of changes in financial industry and regulatory environment and assessing the impact on risk.
  13. Performs special projects, and additional duties and responsibilities as required.
  14. Responsible for developing, implementing and maintaining models used in risk management.

Skills & Education:

  1. Minimum of 8 (eight) years of relevant work experience in finance related field, including at least 5 (five) years of experience in a financial institution conducting complex quantitative modeling and validation.
  2. Advanced knowledge of finance markets.
  3. Knowledge of statistical or analytical modeling language such as SAS, R, Matlab, Stata, or S+.
  4. In-depth understanding of multivariate statistics.
  5. Proficiency using large and complex data sets.
  6. Excellent knowledge of quantitative risk management methodologies including VaR and stress testing.
  7. Strong written and verbal communication skills.
  8. Good project management skills and a demonstrated ability to manage complex projects.
  9. Bachelor`s Degree in Finance, Economics, Statistics, Mathematics or other advanced quantitative field.
  10. Master`s or Ph.D. preferred.

University - Bachelor`s Degree/3-4 Year Degree

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