Kavaliro Washington , DC 20016
We are seeking a Senior Business Analyst for our direct client at Washington DC, to design and execute remediation plans for model risk issues. The Business Analyst is responsible for leading the remediation efforts.
The candidate works directly with internal stakeholders to understand the model and modeling needs. Identifies relevant design, process and specifications of the issues.
Understanding the market risk measurement models designed for the loss mitigation portfolio
Leading an effort to remediate identified modeling issues
Coordinating with internal stakeholders
Meet deliverables associated with remediation plans
Verbal and written communication skills, problem solving skills, attention to detail and interpersonal skills.
Strong ability to work independently and manage ones time.
Strong leadership and mentoring skills necessary to provide support and constructive performance feedback.
Strong knowledge of design techniques and principles related to models
Strong knowledge of computer software, such as SAS, SQL, etc.
Bachelor's degree in a technical field such as computer science, computer engineering or related field required.
MBA or other related advanced degree preferred.
8-10 years experience required.
Typical responsibilities will be:
Measure and monitor the market, liquidity and credit risk in the $250 billion balance sheet of mortgage securities and loans.
Support portfolio's risk position with attribution to provide feedback to senior management on business strategies.
Produce risk management reports and monitor the relevant markets and portfolio activity.
Work with Analytics team and traders to develop tactical and strategic guidance on portfolio's risk position that are consistent with limits and capital constraints. Provide recommendations to senior management.
Support Capital Markets team with guidance on portfolio composition with specific allocation recommendations across asset classes and products. Assist in developing debt funding strategy. Identify assets that are rich or cheap by assessing model results against recent or expected market developments.
Review risk reports and capital adequacy reports to maintain a comprehensive understanding of risk positions, market conditions and business strategies. Maintain an understanding of investment and funding guidelines, market risk policies, liquidity risk policies, credit risk policies, and capital policies.
Coordinate with systems personnel to continually develop the infrastructure to support business and modeling needs. This includes the portfolio collection and aggregation process, access to appropriate market information and utilization of different pricing methodologies to estimate fair value, and database which satisfies reporting and analysis needs.
Work with the trading and funding desks in real-time, at both the portfolio and security level, to develop specific hedge recommendations for portfolio management to improve return/risk profile Support management through understanding P&L attribution and risk/return analysis and forecasting. Perform structured finance credit risk analysis to include assessment of underlying loans and deal structure.
Useful knowledge and skills for this position:
Experience in Risk Management or Portfolio Management or related fields.
Understanding of the industry and regulatory practices for capital planning and stress testing analysis.
Understands market risk characteristics of fixed income products including mortgage, debt, and interest rate derivatives
Understands standard market risk metrics including duration, convexity, vega, option-adjusted spreads, theta.
Understands financial theory and markets.
Understands the different types of securities that our client trades and how trading is conducted.
Clearly communicates and presents analyses and results and persuades others by supporting ideas with logical arguments/data.
Proficient with technology solutions supporting analytics and reporting.
NOTES: No phone calls please. Candidates with financial industry experience and from local area are preferred. May be required to attend an in-person interview at their own expense.
SAS, SQL,Capital Markets, fixed income
12 months or more