Intensive banking/financial experience is a must have

Position Details:   

Client: Banking   

Job Title: Stress Testing Consultant 

Location: 100 % Remote (CST hours)    

Duration: 6 Months + Possible extension   

Schedule: Shift hours: Basic Business Hours     

Start Date: ASAP     

Pay Range: $85/hr - $88/hr

Job Description: 

• 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 

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