Model Development & Analysis - PT
Company: East West Bank
Posted on: January 14, 2020
For more than 40 years, East West Bank has served as a pathway to
success. With over 130 locations across the U.S. and Greater China,
we are the premier financial bridge between the East and West. Our
teams of experienced, multi - cultural professionals help guide
businesses and community members on both sides of the Pacific
looking to explore new markets and create new opportunities, and
our sustained growth and expertise in industries like real estate,
entertainment and media, private equity and venture capital,
high-tech and aviation help build sustainable businesses and expand
our employees' potential for career advancement. Headquartered in
California, East West Bank (Nasdaq: EWBC) is a top performing
commercial bank with an exclusive focus on the U.S. and Greater
China markets. With assets of $41 billion, we've ranked among the
30 largest banks in the United States. And since 2010, we have been
recognized by Forbes as one of the top 15 best banks in America.
With a strong foundation, and enterprising spirit and a commitment
to absolute integrity, East West Bank gives people the confidence
to reach further.East West Bank is seeking a Model Development &
Analysis - PT. the Model Development & Analysis will develop,
implement and manage holistic strategies for modeling (design,
development, validation, calibration, documentation,
implementation, monitoring and reporting). The candidate will also
provide financial and analytical, modeling expertise to build and
improve quantitative models for various projects (including CECL,
loss rate, PD, LGD, EAD models).
- Identify and address potential process gaps or process
improvements including: data model requirement, structure and use,
policy governance and other quantitative tools. Effectively
challenge the models conceptual soundness, assumptions, and
appropriateness of model methodology.
- Assemble, compile, and analyze information, and resolve
errors/inconsistencies in data from financial reporting systems.
Collaborate with business groups to develop effective modeling to
accurately represent the risks and estimates developed and provided
by various business units.
- Conduct complex quantitative analysis as it applies to key
business areas or specific types of models at a high level of
complexity and risk. Conduct independent research and complex
analytical projects involving industry and peer banks data.
- Recommend, develop, manage, document and validate multiple
scenario and stress forecasting models across multiple software
platforms to be used in periodic scenario and stress testing
- Review model results and provide model insights. Support ad hoc
business analyses and business level variance analysis.
- Documentation and communication of model performance for
internal and external stakeholders. Develop presentations and
written materials to convey the results of research and analysis
projects to senior management and various risk committees.
- Management of projects with third party vendors, consultants
and internal resources to ensure efficient and effective support of
various initiatives. Keep pace with the latest developments in
academia, regulatory environment, risk technology (vendor and
internal) and financial services industry.
- Make recommendations within the context of job
responsibilities; offer guidance on matters of significance. Assist
in cross-training teams. Perform other assignments and special
project analysis as requested by management.
- Advanced Degree (Masters) in Statistics, Applied Mathematics,
Economics, Finance or other highly quantitative disciplines.
- Must have 4+ years of experience in quantitative analysis
positions for risk management, model development and validation in
the financial, banking, consulting or audit industries. Direct
experience with credit loss models is preferred.
- Comprehensive practical knowledge of quantitative forecasting
models, financial analysis techniques and methodologies. Strong
understanding of stress testing, credit risk, financial risk,
operations risk and their processes.
- Strong quantitative analytical skills that can be applied to
banking, financial markets, or credit cycles with the ability to
break down complex problems into a small number of key issues.
Proven ability to effectively interpret, select appropriate
techniques, take independent action, communicate, and
- Ability to establish and maintain a stress testing framework, a
governance structure around the stress testing program, and a
standardized stress testing reporting infrastructure that will
become a repeatable process.
- Experience in establishing and documenting corporate processes
related to Treasury, Credit, Finance and/or Accounting.
- Ability to communicate complex analytical issues in
understandable terms appropriate for management interactions
(regulators, vendors, executives, etc.).
- Strong management skills and experience. Demonstrate ability to
successfully plan, develop, lead, and execute projects.
- Proficiency with R or other statistical analysis software.
Advanced skills in SQL. Proficiently use Microsoft Office tools to
prepare and present analysis results to the audience.
- Strong verbal and written communication skills.Requisition ID:
2019-7335 Street: 135 N Los Robles Ave
Keywords: East West Bank, Pasadena , Model Development & Analysis - PT, Accounting, Auditing , Pasadena, Texas
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