Location: Brooklyn, NY, United States

Looking for a role where you can further develop your knowledge of Markets businesses, use your analytical and quantitative skills and work with stakeholders across the Firm to drive a challenging agenda?  This position offers exposure to senior management, regulatory engagement, and the chance to work on high-profile projects. Join us and be part of a diverse, inclusive team that values innovation and collaboration.

As a Vice President in the Resolution Stress Testing team, you will be at the forefront of developing our modeling strategy to wind down markets businesses during a recovery or resolution event. You will work closely with various lines of business to develop strategies for packaging and selling our markets business. Your role will involve developing approaches to and quantifying exit costs, estimating liquidity impacts, and assessing Risk-Weighted Assets (RWA) as a result of the strategy. Play a crucial role in shaping the firm’s strategic response to regulatory challenges and gain exposure across the organization to develop your expertise in stress testing in deep market and idiosyncratic scenarios considered in Recovery and Resolution Planning.

Job responsibilities

• Act as the modeling lead across the Commercial and Investment Banking Recovery & Resolution model suite
• Partner with finance teams to develop packaging and unwinding methodologies
• Create accurate and sustainable modeling frameworks; developing strong implementation structures is key
• Confidently explain results and keep senior stakeholders informed through regular presentations.
• Challenge pre-existing modeling assumptions to improve the process
• Serve as the counterweight and primary contact for Model Risk

Required qualifications, capabilities, and skills

• 7+ years of experience in model development, review or testing
• Strong sense of modeling best practices, including model success criteria, documentation and implementation
• Strong prioritization skills, with the ability to manage a book of work on several models
• Initiative-taking and self-organized with the ability to solve problems independently
• Ability to distill information clearly, which ranges from discussing detailed modeling methodologies with Model Risk to summarizing approaches and key information with senior management
• Comfortable with detailed independent analysis and coordinating input from others

Preferred qualifications, capabilities, and skills

• Preferred experience in derivatives pricing, securities, secured funding, market/counterparty risk, or valuations
• Technical skills including Python or Alteryx

Develop strategy to wind down Markets businesses in resolution, quantify exit costs, and assess liquidity and RWA impacts.