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Credit Stress Testing
Smbc - Jersey City, NJ
posted about 2 months ago
About the position
The Credit Modeling Associate at SMBC is responsible for developing and implementing credit stress testing and statistical models within the Model Development Group. This role requires strong quantitative skills and knowledge of banking products, as well as collaboration with various stakeholders to ensure model requirements are met and models are validated. The position involves managing data feeds, monitoring model performance, and assisting with quarterly stress testing production runs.
Responsibilities
- Develop and implement credit stress testing and other statistical models
- Manage data feeds associated with group modeling activities
- Work with stakeholders to understand and refine model requirements
- Collaborate with team members and model validation team to get models validated
- Monitor model performance for various model types and make recommendations
- Assist with quarterly stress testing production runs
Requirements
- Masters degree or higher in statistics, computer science, or economics
- 1-3 years of applied statistical modeling experience
- Strong training and some applied experience in statistical modeling including linear and non-linear modeling, classification trees/random forests, and other machine learning techniques
- Critical thinking and ability to manage and analyze large data sets
- Strong programming skills in Python, R, and SQL
- Good written and verbal communication skills
- Understanding of commercial banking and bank products
- Superior attention to details, ability to quickly individuate and focus on the key risks factors of highly structured transactions and visually present complex concepts with graphs, tables and flow charts
- Flexibility to work under tight deadlines and in a multitasking environment
Benefits
- Competitive salary range between $95,000.00 and $150,000.00
- Annual discretionary incentive award
- Competitive portfolio of benefits
