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Intermediate Analyst – Loss Forecasting and Stress Testing Analytics
CitiIntermediate Analyst in Loss Forecasting and Stress Testing supporting credit risk management in financial services. Analyzing macro-economic trends and collaborating with finance and risk teams.
Tech Stack
Tools & technologiesVBA
About the role
Key responsibilities & impact- Work independently to effectively execute: Quarterly loss / loan loss reserve forecasting and stress testing processes (CCAR, QMMF, Recovery Plan) deliverables for one or more retail portfolios with primary focus on NA cards
- Associated governance activities (Manager Control Assessment, End User Computing, Activity Risk Control Monitoring and its Assessment Units)
- Cross-portfolio and cross-functional collaboration on loss / loan loss reserve forecasting and stress testing analytics
- Assist in review and challenge of existing models, and model outputs to identify areas of improvement relative to portfolio & macro-economic trends.
- Understand the calculation of reserves, components of P&L, and the impact of CECL on CCAR results besides understanding the synergies between two processes.
- Collaborate with other teams like Risk Modeling, Portfolio & New Account Forecasting, Data Reporting and Finance to complete requests on financial planning & CCAR/DFAST results and increased integration of credit risk & PPNR results
- Perform complex risk policy analytics in terms of sizing the impact of credit/business/regulatory policies on loss performance and incorporate it into the stress testing process
- Perform econometric analysis to estimate and explain the impact of changing macroeconomic trends on Portfolio Performance Losses, delinquency etc.
- Establish and continually evolve standardized business and submission documentation.
- Collaborate with Risk and Finance organization to understand sources of data and continue to improve the process of defining, extracting and utilizing data.
- Identify areas of improvement in BAU and drive process efficiency through process simplification and automation (VBA, SAS, etc.)
- Execute information controls (version control, central results summary) to meet business objectives with utmost clarity.
Requirements
What you’ll need- 4+ years work experience in financial services, business analytics or management consulting.
- Understanding of risk management.
- Knowledge of credit card industry and key regulatory activities (CCAR) is a plus.
- Experience in CCAR / DFAST/Stress Testing is preferred
- Strong understanding and hands-on experience with econometric and empirical forecasting models.
- Experience in data science / machine learning is preferred with ability to handle large datasets
- Experience in using analytical packages like SAS, datacube/Essbase, MS Office (Excel, Powerpoint)
Benefits
Comp & perks- Health insurance
- Flexible work arrangements
ATS Keywords
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Hard Skills & Tools
Loss Reserve ForecastingStress Testing AnalyticsRisk Policy AnalyticsMacroeconomic Trend AnalysisFinancial PlanningModel Review and ImprovementData Extraction and UtilizationProcess Efficiency ImprovementVersion ControlBusiness Documentation
Soft Skills
Cross-Functional CollaborationIndependent ExecutionAnalytical ThinkingProblem SolvingCommunication