Assistant Vice President, Strats

Overview

A leading global financial services firm is seeking an Assistant Vice President, Strats to join their Private Bank team in New York, NY. This role focuses on building quantitative models for risk analytics and reporting within the US Banks division, supporting Wealth Management clients with cash management and lending products.

Responsibilities

• Develop quantitative pricing and risk management models for bank financial products.
• Collaborate with banking business units on pricing strategies, new product offerings, and risk analysis.
• Prepare analysis of model scenario variable inputs.
• Run simulation-based bank deposit and savings models.
• Deploy production model code on internal platforms.
• Respond to ad-hoc requests from stakeholders including Senior Management, Bank CIO, Finance, and Model Risk Management.
• Prepare monthly model performance metrics reports.
• Assist in model documentation for new model development and enhancements.
• Ensure compliance with regulatory requirements such as CCAR.
• Implement and update analytical libraries for pricing, risks, and balance projections.
• Telecommuting permitted up to one day per week.

Requirements

• Master's degree in Finance, Economics, or a closely related field.
• Minimum of two years of experience in a similar role or as an Associate, Analyst, Risk Management, Policy Management, or related occupation.
• At least two years of experience with:
  • Developing, enhancing, and executing quantitative pricing and risk management models for bank financial products.
  • Developing econometric and statistical projection models.
  • Developing and enhancing analytical libraries, in-house applications, automated processes, and reporting tools using object-oriented programming languages.
  • Applying advanced mathematical concepts and programming to solve banking business problems.
  • Working with fixed income and interest rate products.
  • Utilizing big data infrastructure including data engineering, processing, analysis, and visualization.
  • Enterprise software development including continuous integration and delivery (CI/CD) pipelines and code management/code quality control using Git, Bitbucket, and Jenkins.

Compensation & Benefits

• Expected base salary: $145,000 per year at commencement of employment.
• Total compensation package may include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and additional benefit programs.

Location

• New York, NY
• Telecommuting allowed up to one day per week.