eFinancialCareers

• Location

  New York City, NY

• Compensation

  open

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  24 Nov 2009

• eFC Ref no

  521395

This position falls within our client's Tech Enablement Credit Risk team, which assists their clients in implementing technology solutions to meet their credit risk needs, specifically around Credit risk management, risk-adjusted performance measurement and capital management

Our Global Advisory client's Financial Services Office (FSO) is a unique, industry-focused business unit that provides a broad range of integrated services that leverage deep industry experience with strong functional capability and product knowledge. FSO’s Advisory practice provides integrated advisory services to financial institutions and other capital markets participants, including commercial banks, investment banks, broker-dealers, asset managers (traditional and alternative), insurance and energy trading companies, and other organizations. The service offerings provided by the Advisory practice include: market, credit and operational risk management, regulatory advisory, quantitative advisory, structured finance transaction, actuarial advisory, technology enablement, risk and security, program advisory, and process & controls. The Advisory team includes individuals who have deep industry, product and client knowledge.

They currently have career opportunities for individuals in FSO’s Technology Enablement group. The individuals will work directly with clients to transform their business problems into technology solutions. The goal is to support their clients’ efforts to make their business units more effective and efficient and, where required, provide services in connection with the remediation and mitigation of process risk.Their experience is also important to the analysis of specific business requirements for alignment with technology architecture, technology infrastructure design, and vendor selection decisions that support the finance organizations of their clients.

This position falls within their Tech Enablement Credit Risk team, which assists their clients in implementing technology solutions to meet their credit risk needs, specifically around Credit risk management, risk-adjusted performance measurement and capital management. Their services focus on several areas of technology including an evaluation of risk technology architecture, definition of requirements, system integration, testing and deployment.

Responsibilities

Lend specific subject matter knowledge to the design and integration phase of each project, helping to give specificity to the appropriate architecture, data model, and system design and interfacing requirements.

Advise clients on a variety of business process services that help identify, assess, manage and measure the organization’s capabilities. Use business process, organizational and technology capabilities and knowledge across several of the following focus areas:

• Finance Strategy (Vision, Mission, Guiding Principles)
• Enterprise Data Management/Reference Data Management
• Financial Accounting and Reporting Operations/Technology
• Reinsurance Accounting and Reporting Operations/Technology
• Budgeting, Planning and Forecasting Operations/Technology
• Performance Management and Measurement (KPIs, business driver-based metrics)
• General Ledger/ERP Systems Features/Functionality
• Data Warehousing Features/Functionality
• Statutory Reporting Systems Features/Functionality
• Enterprise Technology Expense Reduction

Team with client technology professionals, and/or third-party strategic alliances to provide implementation of technology solutions.

Participate in engagement management, engagement execution and reporting, and client relationship building and management.

To qualify, candidates must have:

• A Bachelor's degree in computer science, engineering, accounting, finance or a related field (MBA or MS degree preferred)
• A minimum of four (4) years of relevant experience at a financial services company or comparable experience working as an advisor to a financial services company. We will consider candidates with three (3) years of relevant experience if they possess an advanced degree.
• Demonstrated ability to manage and supervise a team of technology advisors through all phases of the technology life cycle, including requirements definition, architecture design, conversion and testing
• Strong written and verbal communication, presentation, client service and technical writing skills, coupled with a strong interest in further developing and integrating operations with technology skills
• Ability and comfort level researching client inquiries and emerging issues, including regulations, industry practices, and new technologies
• Individuals with experience in the following areas:
  • Banking and capital markets credit products
  • Credit and capital management business processes
  • Definition of business and technical requirements
  • Design of business and technology architecture
  • System selection and implementation support
  • Data mapping and conversion
  • Data management
  • Business Intelligence
  • Proof of concept
  • Quality assurance and testing
  • Program/project management and implementation planning (PMO)
  • Systems supporting Credit Risk Management and Economic Capital
    • Underwriting and servicing,
    • Risk rating,
    • Loss forecasting,
    • Limits,
    • Collateral and netting,
    • Potential Exposure, Exposure Aggregation
    • Risk reporting
    • Economic capital and regulatory capital
• Project experiences:
  • Basel II
  • PMO
  • Business Analyst in the Credit Risk Area
  • System Testing
  • RAPM/RAROC implementation
  • Credit Risk Reporting
  • Limits Reporting
  • Collateral Management
  • Data management, architecture
  • Data warehousing
  • System architecture
  • Business intelligence
• Application/Package experience:
  • Algorithmics
  • SunGard
  • FinArch
  • Reveleus
  • SAS
  • CreditManager, Moodys KMV
  • Credit Portfolio Management packages
  • Reporting packages: Cognos, etc
  • Business intelligence tools

Willingness and ability to travel approximately 50%-70%

The successful candidate should possess strong knowledge of and experience in supervising and executing all phases of the technology life cycle, based on proven project management and testing methodologies. It is essential that the successful candidate possess a deep knowledge of technical architecture design and have a good understanding of technology tools and components to reasonably argue for and against all components (middleware, database, reporting tools, etc.) in financial systems architecture.

please email all resumes to recruiter3@mindstaff.com for prompt consideration