at Crowe LLP in Chicago, Illinois, United States
Job Description
Your Journey at Crowe Starts Here:
At Crowe, you have the opportunity to deliver innovative solutions to today's complex business issues. Crowe's accounting, consulting, and technology personnel are widely recognized for their in-depth expertise and understanding of sophisticated process frameworks and enabling technologies, along with their commitment to delivering measurable results that help clients build business value. Our focus on emerging technology solutions along with our commitment to internal career growth and exceptional client value has resulted in a firm that is routinely recognized as a "Best Place to Work." We are 75 years strong and still growing. Come grow with us!
Job Description:Job Description Summary
Joining our Consulting Financial Services practice is an opportunity to join a dynamic and growing practice which has a passion for serving clients and our community. From day one of your career, you will assist our clients to transform their governance, embed risk in their decision-making, and arm them with insights that will make them stronger. We will enable an entrepreneurial and innovative environment for you to deliver transformative consulting services and to develop deeply specialized skill sets demanded in today's market.
The Model Risk Senior Consultant will be responsible for performing consulting projects for a variety of financial services clients. This primarily includes consulting with clients about model risk management practices and providing model validation services, primarily for credit risk and treasury management (ALM)/finance related models. In addition, the role will also perform the following:
Complete key aspects of client service projects from planning to completion.
Become a trusted advisor to client management by providing appropriate recommendations and solutions. Able to make and sustain meaningful client relationships.
Support proposal and business development activities by identifying new target clients, building business relationships with key executives, and developing and presenting proposals.
Qualifications:
Bachelor's degree in Finance, Statistics, Financial Engineering, or Economics or equivalent combination of education and experience. Graduate degree a plus.
3+ years' experience of working in financial institutions, Big 4 or equivalent, or regulatory supervisory of financial institutions.
Working knowledge of:
Model risk management regulatory guidance (SR 11-7, OCC 2011-12, FDIC FIL-22-2017).
Credit risk model types (e.g., CECL, PD/LGD, Roll Rate, Scorecards, Stress Testing, etc.).
Other model types (e.g., Asset Liability Management, Pricing, Mortgage Servicing Rights, etc.).
Direct experience performing model validations or model development, including concepts such as back testing, stress testing, sensitivity testing, and benchmarking.
Technical knowledge about data processing, data storage, and data visualization.
A self-starter who can prioritize multiple tasks, be resourceful and able to research and find solutions.
Write and present to clients clear and concise reports and presentations containing meaningful recommendations.
Direct and deliver significant engagements that deliver value to clients through project management, creation of deliverables and knowledge transfer.
Manages engagement to ensure quality and is delivered within budget.
Engagements are frequently conducted remotely.
This position requires travel up to 30%.
Additional skills desired:
Solid analytical background and knowledge of econometrics.
Knowledge of risk ratings, risk rating /scorecard methodology, model governance, model development, CECL, DFAST, CCAR and capital allocation methodology would be a plus.
Experience with statistical packages such as SAS, Matlab, Stata, Python, and R.
Experience with database management, such as SQL.
Experience with data visualization tools such as Microsoft Power BI, Tableau, QlikView.
Working towards or having professional certification preferred (e.g., RMA CRC, CFA, FRM).
We expect the candidate to uphold Crowe's values of Care, Trust, Courage, and Stewardship. These values define who we are. We expect all of our people to act ethically and with integrity at all times.
The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Crowe, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $70,000.00... For full info follow application link.
EOE M/F/D/V
