Credit Risk Management/Analytics Position at Wachovia Bank, Charlotte, NC
- From: MM <mayank.mishra@xxxxxxxxx>
- Date: Tue, 13 May 2008 19:50:07 -0700 (PDT)
Candidates with strong quantitative/statstics/maths and programming
background, please apply at
the following URL
https://careers.wachovia.com/Careers/cc/CCJobResultsAction.ss?command=ViewJobDetails&job_REQUISITION_NUMBER=241621
Here is the job description.
Job Title: Risk Model&Analy Int Asoc/Advr
Location: Charlotte,NC, North Carolina 28288-0000 United States
Hrs/Wk: 40
Employment Type: Full-Time
Job Requisition Number: 241621
Job Description:
RESPONSIBILITIES:
Primary responsibility of this individual will be to support Wachovia
Commercial Portfolio Credit Risk Analytics team in various Credit Risk
Parameter Estimation, Validation, Testing, and Methodology development
projects. These projects will also direct towards Wachovia Banks
several Basel II initiatives to meet regulatory compliance.Project
work will include developing and applying estimation methodology for
various credit risk parameters such as PD, LGD, EAD across commercial
portfolio segments, identifying underlying drivers for specific
parameter behavior, and developing suitable regression models. He/she
will be required to develop a solid understanding of Wachovias
commercial portfolio, internal rating systems, and various internal
credit risk processes.The individual will be responsible for working
with Wachovias historical risk data set (spanning 1997 through
present), developing SQL/SAS modules to extract/modify the data as
well as applying parameter estimation methodology across different
portfolio segments. He/she will further develop appropriate regression
or modeling methods between various risk drivers. Individual will also
document the methodologies and processes for internal model validation
purposes, and work with senior managers to communicate results to
senior executives, model validation group, and various lines of
business.
REQUIREMENTS:
Masters degree in a quantitative discipline such as Statistics,
Mathematics, Mathematical Finance, Operations Research, Physics.
Strong programming experience in SQL, SAS, VB, C/C++. Ability to work
with large datasets on various platforms such as Unix, MS SQL. Strong
problem solving and quantitative/mathematical modeling skills. Ability
to apply technical and computational skills in solving business
problems. Ability to work on multiple projects with strict adherence
to meet dead lines. Strong work ethic and team player ability in a
cross-functional environment. Effective written and verbal
communication skills in a business environment. 1-3 Years of work
experience in a quantitative capacity preferred. Mon - Fri, 8:00am -
5:00pm
.
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