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Vp, credit and capital planning


This is a Full-time position in Hawthorne, NJ posted February 12, 2020.

SquarePeg is working with a consumer financial services company to help them find their ideal VP of credit model development.

Here is their description:Role Summary/Purpose: Our Credit and Capital Management team is looking for an experienced credit risk professional who has proficiency in regulatory (SR11-7/OCC 2011-12) modeling frameworks with a focus on Loss Forecasting, ALLL, Stress Testing and Capital Planning models (preferably Credit Cards or Consumer Lending).

The role requires the individual to have a combination of statistical/quantitative as well as software/programming skills using big data.

The incumbent will manage a team and serve as a Project Lead in developing robust and cutting-edge modeling solutions by executing on key responsibilities outlined below.

Reporting to the Credit Model Development Leader, this role presents unique opportunity for a well-rounded candidate to display strong characteristics of model development, thought leadership, project and team management, analytic excellence, and business acumen.

Essential Responsibilities: Manage the design, execution and socialization of agile modeling solutions to meet business needs (loss forecasting, ALLL, stress testing and capital planning) by applying appropriate methodologies – including, but not limited to, regression, forecasting, clustering, decision trees, simulation, optimization, and machine learning using Python/PySpark and big data environmentDevelop a centralized/unified modeling infrastructure to generate account level insights across Balance, Loss and Revenue (PPNR) models that meets BAU management as well as Stress Testing scenario generation capabilitiesAdapt automation and machine learning technologies, data frameworks and implementation platforms to enhance the functionality and rebuild the models that are currently developed in SASSupport the remediation/enhancement of CECL, Operational Risk, Economic Capital, Fraud Loss Projection and PPNR modelsManage successful annual quantitative and qualitative assessments/remediations and submission of existing models with respect to internal (model validation/audit) and external (regulatory) guidelinesDirect the development of automated, standardized and scalable modeling solutions across data mining, segmentation, regression, back testing, reporting and ongoing monitoring components to speed up model development processSupport the development of model development standards/proceduresProvide thought leadership on decision science methodology and development processes and provide insights and reporting on portfolio performance to senior leadership teamManage and mentor a team of analysts for their technical and professional developmentPerform other duties and/or special projects as assigned Qualifications/Requirements: Masters or Ph.D.

degree with quantitative underpinning (i.e., Mathematics, Statistics, Finance, Economics, OR, Engineering) and minimum 10 years of Consumer Lending statistical modeling / analytics experience, preferably for credit cards; or in lieu of a degree 15+ years’ experience in Risk, Credit, Finance, Accounting, Consumer Lending, and/or other relevant professional experience7+ years of experience in building end-to-end solutions for Loss Forecasting / Stress Testing / Predictive models in large banks or with large financial data sets5+ years managing a team and providing thought leadership to support model development activities3+ years of experience in developing sophisticated modeling framework based on cutting-edge / next-gen techniques (ML, Python, PySpark, R)Strong working knowledge of transactional and credit bureau data e.g., FICO, Transunion, Equifax as well as knowledge of alternative data sources to enhance model development Strong written/oral communication, project management and time management skillsTrack record of gathering, matching, and processing large data sets across continuous/categorical (structured or unstructured data)Experience in data visualization (Tableau/Excel) and reporting solutionsFamiliarity with model development and governance standards across the banking sector, especially as related to credit card and consumer lending (SR11-7, OCC 11-12, CECL) Desired Characteristics: Prior End-to-End Account Level Modeling Experience using big data environment strongly preferredBusiness skills: Knowledge of external environment, industry/competitor profiles, and common macro-economic indicators that drive consumer industryLeadership skills: Ability to lead/manage multiple competing initiatives and deliver results within deadlines and with a focus on accuracy and attention to detailClient management and teamwork skills: Strong partnership skills and experience managing relationships across multiple teams of peopleCommunication and influencing skills: Excellent communication and influencing skills to coordinate with multiple functional areas and independently present explanations of complex subjects to senior management and partner with teams throughout the companyProblem solving skills: Strong ability to rapidly learn the intricacies of an unfamiliar process, structure and scope complex problems, apply a range of analytical tools, gain and synthesize insights, and develop actionable recommendations VISA SPONSORSHIP Applicants who are currently employed on H-1B Visa must have at least 2 years of eligibility remaining on their current visa term in order for us to petition for an employment based visa on behalf of such applicant.

L1 Visa would be considered for an internal candidate meeting all requirements for the L1 and all of our eligibility requirements. Applicants holding other types of visas, such as F-1 Visas, must have at least 2 years of eligibility that would permit them to work for us.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

The salary range for this position is 100,000.00 200,000.00 USD Annual Grade/Level: 13 Locations:Stamford, CTAlpharetta, GA Job Family Group: Risk Management#ZR