Salary: $180,000 – 240,000 USD (base salary) + guaranteed bonus
Location: New York, USA
Experience: 10+ years
As well as this very generous compensation this job will offer unrivalled career progression through the New Year. This is because this Global Tier 1 Investment Bank is expanding this particular team throughout the next 12 months which presents an opportunity to increase your exposure as well as you responsibility. This expansion also means that there will be regular salary reviews and an exceptional bonus.
The candidate will be required to spearhead this dynamic team so previous management in the IRB space is essential. The candidate will be heading up the team responsible for the outlay of complex credit risk models so experience in regulatory framework such as Basel II/III and economic capital is also required.
A large part of this job will require liaising with external and internal teams and departments. These include the Treasury, IT and trading departments, therefore excellent communication and interpersonal skills are required.
The ideal candidates will have the following skills:
• Excellent knowledge of PD/LGD/EAD
• Credit Risk Methodology Management Skills
• Basel II/II Regulatory Framework Experience
• Excellent communicational skills
The team’s responsibilities will involve:
• Develop, validate, enhance, implement, document and provide ongoing expert support for advanced credit risk models and methodologies
• Provide hands-on, practical quantitative analysis (PD/LDG/EAD)
• Accurate, detailed, clear and high quality model build documentation
• Maintenance of team model validation and reviewing of schedule, running each model through various benchmarking tests and back tests to confirm reliability
• Working closely with Traders, Sales, and other Quantitative Departments and Teams

This is a massive opportunity with huge responsibility, excellent compensation and career progression.
If you would like to be considered then please apply directly to risk@selbyjennings.com