Economic Capital Manager

Company Name: RL Zapin Associates, Inc.
Location: Milwaukee, WI United States
Job Category: Banking / Mortgage
Job Type: Full Time- Direct Hire
Salary: United States dollar (USD)

Roni Zapin
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Required Skills & Job Description

Must Have Skills: Basel II, Quantitative modeling, Credit Risk in Commercial Banking
Education: Bachelor's Degree

Description:

My client, a leading regional bank, seeks an experienced Economic Capital Manager who has worked in the Commercial Banking industry.

PRIMARY FUNCTION:
The Economic Capital Manager is a key member of the Corporate Finance Division responsible for the development, enhancement, analysis, reporting and management of all aspects of economic capital adequacy and allocation that affect the corporation.

SCOPE OF RESPONSIBILITY:
The Economic Capital Manager will be responsible for the validation and enhancement processes of significant models employed, particularly credit and capital risk models.

This individual will be responsible for the collection and modeling of internal and external data associated with credit risk, market risk, operation risk, business risk and economic risk in support of U.S. Basel II regulatory compliance of capital adequacy for performance measurement.

Responsibility includes the development, analysis and reporting of Economic Capital utilizing stochastic multi-variant macroeconomic factors for testing volatilities and correlations of risk factors.


SPECIFIC DUTIES/ACCOUNTABILITIES:
- Develops the Corporation -’s internal capital adequacy assessment for Basel II and enhanced Economic Capital including the capital adequacy and allocation requirements.
- Participates in the quantitative analytical processes for credit risk.
- Ensures regular production of analytical work and reports.
- Ensures that capital modeling and allocation approaches meet both internal corporate needs and regulatory requirements related to Basel II and Economic Capital.
- Works with project management team to track development efforts and resolve issues.
- Create a capital model and revision of existing model to form a comprehensive plan that details how to ensure capital adequacy
- Support the creation, development and validation of a capital plan that documents triggers, limits, contingency plans and sources/uses of capital
- Develop a view of prospective regulatory capital under both Basel II and Economic Capital guidelines
- Responsible for the formulation of Internal Adequacy Assessment Process (ICAAP)
- Other duties assigned as needed.


BASIC QUALIFICATIONS:
Bachelor -’s Degree (finance, statistics or math)
8 + years professional related work experience
Commercial banking exposure required

ADDITIONAL QUALIFICATIONS:
- Basel II expertise - specifically with respect to Pillar 2 / ICAAP
- QRM software experience required
- Understanding of technology solutions for credit risk measurement.
- Strong conceptual and technical knowledge of credit risk concepts and quantitative modeling techniques.
- Prior leadership role in a credit risk measurement/analysis capacity
- Prior experience with Regulatory and Economic Capital processes and allocation methodology
- Understanding of stress testing and stochastic multi-variant macroeconomic scenario analysis
- Exceptional quantitative modeling and analytical skills
- Excellent written and oral communication skills, ability to explain complex matters to multiple constituencies
- Comfortable in dealing with ambiguous topics
- Strong financial modeling skills and knowledge
- Experienced in driving process change


Client will provide relocation expenses. Will not sponsor Visas.

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Contact Information Company Name: RL Zapin Associates, Inc. Contact Name: Roni Zapin Contact Number: Company Website: www.rlzapinassociates.com Additional Benefits: Company Description: RL Zapin Associates is a recognized leader in the recruitment of analytical professionals for marketing and financial services. We partner with both the candidate and the client to ensure a targeted match. Date Posted: 2010-02-18 10:24:53

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