Consultant - Stress Testing

PwC

Job information

Company: PwC

Location: London

Education:

Benefits: Competitive

This job is no longer available

Position: Credit Portfolio Risk Consultant

The successful incumbent will join a rapidly growing division in risk management within a leading consulting firm. The team represents a world leading modelling and portfolio advisory function. The team develops, implements and reviews models including but not limited to regulatory and economic capital, pricing, Value-at-Risk, counterparty credit risk and stress testing.

The successful incumbent will actively lead stress testing modeling assignments covering new model development and implementation, model validation and stress testing framework implementation projects.

In terms of the asset classes or business units, this role would fit someone with academic knowledge and experience in retail, wholesale and trading book. 

Expertise in statistical and mathematical modelling and prior experience with theoretical and business justifications of stress testing models is an essential requirement for this role.

This position will entail significant interaction with the banking and investment management clients to develop, implement, test and maintain risk models, in particular models related to regulatory and strategic stress testing. 

Also very critical is the ability of the individual to be able to have a strong understanding of core regulatory principles (PRA/ EBA/ CCAR) related to stress testing.

As such, this role would require the ability to multi-task and operate under aggressive deadlines.

Requirements/ Essential Knowledge

Principle Responsibilities:

  • Work in a team that provides risk models as well as designs/prototypes new risk, portfolio management and regulatory risk models (Stress Testing/ IMM/ IRB) 
  • Ensure deployment, testing and continuous improvement of stress testing models and firm wide stress testing frameworks. 
  • Conduct empirical studies and make recommendations on modeling issues, and other risk-mitigation measures.
  • Ensure that the modeling methodologies and models are up to date with the proven theories in the field.
  • Present results to senior management and/or risk committees.

Qualifications:

  • Must have previous work experience at a commercial bank, investment bank, or consulting firm.
  • MS or PhD in a quantitative field and possesses strong quantitative, analytical and problem solving skills
  • Experience with some programming languages such as C++/C#, R, SAS, VBA and SQL is also required.
  • Strong written and verbal communication skills and ability to assess technical information and present key findings.
  • Preference will be given to candidates who can demonstrate hands on experience in development and implementation of stress testing models and processes for PRA/ EBA/CCAR stress tests.

The skills we look for in future employees

All our people need to demonstrate the skills and behaviours that support us in delivering our business strategy. This is important to the work we do for our business, and our clients. These skills and behaviours make up our global leadership framework, ‘The PwC Professional’. 

The PwC Professional focuses on five core attributes; whole leadership, technical capabilities, business acumen, global acumen and relationships. We use this framework to recruit, develop and assess our people, at all grades and all areas of our business, because we expect all of our people to be leaders.

http://www.pwc.com/uk/en/careers/experienced/applying-to-pwc.jhtml

Diversity

We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool as well as those who reflect the diverse nature of our society. And we aim to encourage a culture where people can be themselves and be valued for their strengths. Creating value through diversity is what makes us strong as a business. www.pwc.com/uk/diversity

As an organisation with an increasingly agile workforce, we're open to flexible working arrangements where appropriate.

Job information

Company: PwC

Location: London

Education:

Benefits: Competitive

More jobs

Jobs