Credit risk associate

STRATEGIC STAFFING SOLUTIONS (S3) HAS AN OPENING!Strategic Staffing Solutions is currently looking for a CREDIT Risk Associate for a contract opportunity with one of our largest clients!Candidates should be willing to work on our W2 ONLY.

Job Title : Credit Risk AssociateKey Skills : LateX code, SQL, Analysis of credit risk.Schedule : OnsiteLocations : Dallas, TXRole Type : W2 ONLY, NO C2C Contract Length : 12 monthsEducation : Bachelor’s degree (U.

S. or foreign equivalent) in Mathematics, Computer Science, Financial Engineering, or a related field and three (3) years in the job offered or in a related role.

Job Description / Responsibilities :

• Responsible for model validation of Margin Models and Credit Risk models.
• Analyze, monitor, and assess model risk associated with the development and implementation of margin and credit risk models, as well as related regulatory models used in computing potential exposure and scenario-based metrics across a wide range of counterparty portfolios.
• Verify the conceptual soundness of models and their mathematical and statistical correctness.
• Analyze code implementation in a variety of platforms including C , Java, Python, and R.
• Document the entire validation fieldwork in LaTeX files for automated version controls and report major validation findings to model owners and developers for remedial action.
• Provide timely updates as required to meet management reporting and regulatory requirements.
• Monitor the performance of the Firm’s margin models and investigate major model-related incidents.
• Partner with Prime Services, Credit Risk, and federation groups to address any margin or potential exposure model-related issues, or new regulatory compliance requirements.
• Advise senior management on the risks associated with new initiatives and changes to existing margin and credit risk models.

Required Skills / Qualifications :

• Prior experience must include one (1) year with : full statistical model lifecycle development of data-driven exposure models used to assess product risk, including testing, development, validation, and findings remediation
• evaluating pricing and risks of futures, options, swaps, and general derivatives; monitoring and assessing the performance of margin and credit risk models;

functional scripting languages such as Python, R, or MATLAB

• at least one (1) object-oriented language such as C or Java; relational database experience including SQL
• LateX to produce formal and version-controlled documents with equations and tables.

Last updated : 2024-01-24