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Advanced Analytics Consultant 1

Company Name:
Absolute Opportunities
Advanced Analytics Consultant 1
Date Created: 12-18-13 (05:15 PM)
Location: Frederick, MD
Openings: 1
Open position for an Advanced Analytics Consultant 1 to support the development of Basel credit risk modeling activities. We are looking for an individual with strong credit risk modeling experience, strong SAS programming, analytical and quantitative skills.
Key responsibilities include:
- Model design, development and testing of the PD (Probability of Default) and Loss Given Default (LGD) models under the framework of Basel II (Development, design and maintenance of Credit Risk Grades).
- Documenting the models development processes including methodologies employed and analytics results.
- Performing ongoing monitoring summary reports and backtesting.
- Preparing ad-hoc analysis and reporting as requested.
- Collaborating with key business models users to ensure models are business driven, properly implemented and run.
- Responding to ongoing analytical requests from auditors and regulatory reviewers.
Basic Qualifications:
Masters degree in programs such as applied mathematics, statistics, engineering, physics, accounting, finance, economics or computer sciences with 6+ years related industry experience. CFA pr CPA preferred. PhD counts toward experience.
Minimum Qualifications:
- Masters degree in a quantitative discipline such as decision sciences, economics, statistics, finance, and mathematics.
- Minimum 7 years of credit risk modeling/analytical experience in banking or financial services industry.
- Demonstrated experience developing PD and LGD models using regression models.
- Strong analytical and quantitative problem-solving skills, excellent oral and written communication skills and a results-driven attitude committed to the highest quality work.
- 5+ years SAS base, SAS macro, SAS SQL and SAS stat programming experience and skills with experience working with large datasets.
- Strong proficiency with MS Office Suite.
- Demonstrated ability to work across organizational boundaries.
- Familiarity with risk grades, model monitoring and risk measurement best practices and methodologies.
- Familiarity with first lien mortgages.
Preferred Skills:
- Ph.D. in finance, economics, statistics, operations research, or other quantitative disciplines.
- 7 years of experience in credit risk modeling in banking or financial service industry.
- Retail Basel II and/or Economic Capital modeling experience.
- Knowledge of bank stress test and Basel II requirements guidelines.
- Background in Mortgage Risk Management and Analysis.
- Strong quantitative/statistical modeling skills, documentation and validation.
- Ability to develop own creative ideas and evaluate and endorse other''s ideas.
This position requires compliance with all mortgage regulatory requirements including acceptable background check investigation results. Successful candidates must also meet ongoing regulatory requirements including additional screening and required reporting of certain incidents.
ONLY CANDIDATES WHO MEET ALL OF THE BASIC AND MINIMUM QUALIFICATIONS WILL BE CONSIDERED

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