TEKsystems
Credit Risk Quant Analyst (W2 Only / No C2C Available)
TEKsystems, Chicago, Illinois, United States, 60290
Overview of Global Risk AnalyticsGRA is a sub-line of business within Global Risk Management (GRM). GRA is responsible for developing a consistent and coherent set of models and analytical tools for effective risk and capital measurement, management, and reporting across the bank. GRA partners with the Lines of Business and Enterprise functions to ensure that its models and analytics address both internal and regulatory requirements, such as quarterly Enterprise Stress Testing (EST), the annual Comprehensive Capital Analysis and Review (CCAR), and the Current Expected Credit Losses (CECL) accounting standard.Overview of the Role
- As a Quantitative Developer, your main responsibilities will involve:Development, testing, documentation, and maintenance of counterparty credit risk models: these will include risk factor simulation models, pricing models, aggregation models, as well as back testing methodology.Support of the counterparty credit risk platform, including investigation and resolution of model-related system issues and practical quantitative support to model users.Improvements to model development infrastructure, such as test harnesses, support utilities, visualization tools.Partner with internal groups including Capital, Risk, Technology, Model Risk Management, and Market Risk Management on model enhancement, performance testing, and documentation to remediate internal and external requirements.Prepare developmental evidence and documentation to support internal and external exams.Identifying common themes across global markets along with improvement initiatives.Communicating the results of this analysis to all model stakeholders including risk management, model development, model risk, management, and our regulators.Supporting model development in confirming remediation of model issues prior to their being taken live.Driving incremental improvement to our model performance assessment tool set across all business areas.Required Education, Skills, and ExperienceMaster's degree or PhD required in Mathematics, Statistics, Physics, or related field.Experience with mathematically sophisticated financial modelling, preferably in counterparty credit risk or XVA.Ability to express technical concepts clearly in written and spoken English.Programming skills: key languages are C++ and Python; a solid understanding of sound software development principles.Up-to-date knowledge of industry trends and developments, a commercial instinct, and an understanding of sound risk management principles.Good written and oral communication, interpersonal and organizational skills and ability to build and maintain relationships with personnel across areas and regions.Ability to multitask with excellent time management skills.Sense of focus and rigor in the completion of deliverables.Pro-active behavior with capacity to seize initiative.Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following:Medical, dental & vision.Critical Illness, Accident, and Hospital.401(k) Retirement Plan - Pre-tax and Roth post-tax contributions available.Life Insurance (Voluntary Life & AD&D for the employee and dependents).Short and long-term disability.Health Spending Account (HSA).Transportation benefits.Employee Assistance Program.Time Off/Leave (PTO, Vacation or Sick Leave).About TEKsystems:We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe, and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information, or any characteristic protected by law.
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- As a Quantitative Developer, your main responsibilities will involve:Development, testing, documentation, and maintenance of counterparty credit risk models: these will include risk factor simulation models, pricing models, aggregation models, as well as back testing methodology.Support of the counterparty credit risk platform, including investigation and resolution of model-related system issues and practical quantitative support to model users.Improvements to model development infrastructure, such as test harnesses, support utilities, visualization tools.Partner with internal groups including Capital, Risk, Technology, Model Risk Management, and Market Risk Management on model enhancement, performance testing, and documentation to remediate internal and external requirements.Prepare developmental evidence and documentation to support internal and external exams.Identifying common themes across global markets along with improvement initiatives.Communicating the results of this analysis to all model stakeholders including risk management, model development, model risk, management, and our regulators.Supporting model development in confirming remediation of model issues prior to their being taken live.Driving incremental improvement to our model performance assessment tool set across all business areas.Required Education, Skills, and ExperienceMaster's degree or PhD required in Mathematics, Statistics, Physics, or related field.Experience with mathematically sophisticated financial modelling, preferably in counterparty credit risk or XVA.Ability to express technical concepts clearly in written and spoken English.Programming skills: key languages are C++ and Python; a solid understanding of sound software development principles.Up-to-date knowledge of industry trends and developments, a commercial instinct, and an understanding of sound risk management principles.Good written and oral communication, interpersonal and organizational skills and ability to build and maintain relationships with personnel across areas and regions.Ability to multitask with excellent time management skills.Sense of focus and rigor in the completion of deliverables.Pro-active behavior with capacity to seize initiative.Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following:Medical, dental & vision.Critical Illness, Accident, and Hospital.401(k) Retirement Plan - Pre-tax and Roth post-tax contributions available.Life Insurance (Voluntary Life & AD&D for the employee and dependents).Short and long-term disability.Health Spending Account (HSA).Transportation benefits.Employee Assistance Program.Time Off/Leave (PTO, Vacation or Sick Leave).About TEKsystems:We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe, and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information, or any characteristic protected by law.
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