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IT Business Analyst V

SkillStorm is seeking a Risk Analyst for our client in Jersey City, New Jersey. Candidates must be able to work on SkillStorm's W2; not a C2C position. EOE, including disability/vets.

Job Description:

  • Overview of Global Risk Analytics
  • The Client has an opportunity for a Risk Analysis Specialist II within our Global Risk Analytics (GRA) function. GRA 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 Client. 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. GRA models follow an iterative and ongoing development life cycle, as the client responds to the changing nature of portfolios, economic conditions and emerging risks. In addition to model development, GRA conducts model implementation, data management, model execution and analysis, forecast administration, and model performance monitoring. GRA drives innovation, process improvement and automation across all of these activities.

Overview of GRA Strategy:

  • GRA Strategy is part of Global Risk Analytics (GRA). It is responsible for three primary bodies of work: strategic planning and delivery of major initiatives; program and project planning; and data management and model execution.
  • Strategy and Major Initiatives are responsible for the planning and delivery of a coherent model risk management framework and infrastructure across GRA. These efforts include the development of one universal platform for seamless model development and implementation, and improvements to the quality and consistency of the data sourced for all development and production purposes. The team also provides forward-looking plans and solutions to ensure that GRA is addressing internal and regulatory requirements in a strategic, coordinated and pro-active manner.
  • Programs and Projects provides project management oversight to key regulatory reviews such as the Current Expected Credit Losses (CECL) accounting standard and the Comprehensive Capital Analysis & Review (CCAR), as well as other strategic initiatives, including data, infrastructure and consumer model development. Additionally, the team ensures that technology roadmaps and data solutions align to Global Risk Management (GRM) strategies.

Overview of the Role:

  • As a Risk Analysis Specialist on the GRA strategy, your main responsibilities will require you to:
  • Support Product Executives in the implementation of a LIBOR/SOFR Transition Program
  • Oversee model development testing governance processes and manage project framework, including but not limited to Model Risk Management (MRM) standards adherence, managing centralized documentation library and partner with LOBs to maintain LIBOR/SOFR related Model Testing and Process Workflow documentation
  • Undertake MRM SOFR model submission process in partnership with LOBs, and run the current technology solutions for model testing (Quartz/Python)
  • Manage production of LIBOR Transition Dashboard, Management Reports (MRM Adherence and tracking), and ad-hoc reporting requests (audit, compliance, regulators etc.)
  • Execute on Authorized Data Source (ADS) Data Sourcing and Provisioning strategy, in alignment with Enterprise Data Management and Global Risk objectives

Position Overview:

  • Contractor - Risk Analysis Specialist III Responsible for performing complex analysis and is engaged in the development of modeling that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposures. Provides analytical support on various product strategies to ensure company goals are met. Coordinates the production of performance reports for senior mgt. Reviews and analyzes trends in current population distributions and recommends strategies. May participate in or develop complex program models to extract data and use databases to provide statistical and financial modelling. Master's degree or large data experience preferred; Programming experience like Python, SQL, SAS preferred and/or Micro Strategy experience preferred. Minimum of 5 years’ experience.
  • Candidate Requirements (Including Years): Required Education Skills & Experience
  • Bachelors or Masters in relevant discipline
  • Minimum 5 years relevant experience in data related Academic Research, Risk, Finance Technology, Compliance, or Audit
  • Strong communication skills and ability to effectively communicate quantitative topics to technical and non-technical audiences
  • Effectively creates a compelling story using data; Able to make recommendations and articulate conclusions supported by data
  • Experience using data mining and other advanced analytical techniques to aggregate data for model development and/or to produce management reporting
  • Experience with data analytics tools, such as Alteryx and Tableau
  • Programming skills, such as Python, SQL or R
  • Strong analytical mindset with attention to detail in work as well as the ability to remain calm and flexible in the face of increased demands, changing priorities and uncertain environment
  • Possesses a strong commitment to excellence by anticipating needs, mitigating risks and minimizing potential problems. Good team player with positive can-do attitude

Desired Skills and Experience:

  • The ideal candidate will possess the following skills and experience:
  • Demonstrated ability to drive action and sustain momentum to achieve results
  • Self-starter; Initiates work independently, before being asked
  • Effectively creates a compelling story using data; Able to make recommendations and articulate conclusions supported by data
  • Execution-oriented and results-focused self-starter able to work independently
  • Strong organizational ability, project management skills, and extremely detail oriented
  • Keen judgment balancing business strategy with rigorous risk management controls
  • A pragmatic and flexible attitude towards problem solving, and a consultative working style

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IT Business Analyst V

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