• The contractor will report to the Head of Macro Scenario Design. S/He will help scenario design team in the firm-wide economic scenario generation and other stress testing processes, including CECL, Rapid Stress Testing (RST), CCAR and enterprise stress testing etc. S/He will support all scenario design, model documentation and ongoing model maintenance, data quality controls, production oversight, reporting and reviews.
• This role also collaborates with the Economics and Strategy Research teams, other Risk functions, several line of businesses and Finance.

Responsibilities:

• Support scenario design process, including conducting research to come up with a range of possible macroeconomic scenario concepts, preparing the scenario narrative and forecasting macroeconomic series under the scenarios

• Communicate scenarios to diverse audiences

• Work with Risk ID team to map Top and Material Risks to the scenario narratives

Must Have:

Qualifications:

• 6-10 years of economic research and model development experience in forecasting economic and financial variables

• Experienced in building macroeconomic forecasting models

• Familiar with CCAR/CECL scenarios

• Experience of working with large data sets

• Proficiency in a statistical software package (e.g. Python/R) or similar preferred

• Exceptionally detail-oriented with the ability to synthesize large amounts of data and various viewpoints, summarize key concepts, and clearly articulate relevant conclusions

• Ability to deliver in tight deadlines

• Inquisitive nature, strong quantitative, analytical, and problem-solving skills

• Demonstrated project management and organizational skills and capability to handle multiple projects at one time

Education:

• Masters’ degree or equivalent experience, preferred PhD degree