Quantitative Solutions Manager - Market Risk Model

Company Profile:

At FORVIS, your career is designed with a purpose. We want our team members to thrive professionally and feel the impact their work yields when serving clients, industries, and local communities. This starts by empowering team members to design a career journey that leverages their skills and fuels their passions.

Creating a best-in-class employee experience is at the heart of our vision for the future. With several industry focus areas, multiple service lines, and locations in five geographical regions across the country to choose from, the opportunities for your career are without limit.

About FORVIS

FORVIS is a Top-10 professional services firm providing assurance, tax, and advisory services, driven by our commitment to using our forward vision to provide rewarding career opportunities and deliver unmatched client experiences. Learn more at FORVIS.com

Design your career with purpose at FORVIS. For more information about our firm locations, visit FORVIS.com. FORVIS, LLP is an equal opportunity/affirmative action employer. Employment selection and related decisions are made without regard to age, race, color, sex, sexual orientation, national origin, religion, genetic information, disability, protected veteran status, or other protected classifications.

It is FORVIS's standard policy not to accept unsolicited referrals or resumes from any source other than directly from candidates.

• FORVIS expressly reserves the right not to consider unsolicited referrals and/or resumes from vendors including and without limitation, search firms, staffing agencies, fee-based referral services, and recruiting agencies.
• FORVIS further reserves the right not to pay a fee to a recruiter or agency unless such recruiter or agency has a signed vendor agreement with FORVIS.
• Any resume or CV submitted to any employee of FORVIS without having a FORVIS vendor agreement in place will be considered the property of FORVIS.

Requisition Number: 2234489

Position Title:

External Description: Description & Requirements

We are seeking an experienced Quantitative Solutions Manager with at least five years of experience in market risk models (development, validation, and consulting) and market risk consulting. This is a unique opportunity to join an experienced team dedicated to providing Unmatched Client Service to leading financial services institutions at time of immense growth. You will help drive our Quantitative Solutions practice forward and support our growing demand for market risk modeling services. As a Manager, you will join a team dedicated to developing, validating, and / or optimizing market risk models, and ensure regulatory compliance while providing value-added insights as a consultant.

How you will contribute:

• Manage client relations acting as a trusted advisor on the subject of market risk modeling and management. Listen and understand client needs and help deliver tailored solutions.
• Develop and validate market risk methodologies including Value-at-risk (VAR), Monte Carlo simulations, Conditional Value-at-risk (CVAR), Expected Shortfall (ES), Risk Contribution and Attribution models, etc.;
• Create and execute design and application of market risk reporting and analytics in a financial services organization
• Bring subject matter expertise on market risk at an enterprise level, contributing to comprehensive market and counterparty-risk related engagements that extend beyond market risk modeling.
• Advise clients on regulatory requirements (e.g. FRTB) and guide them in developing, implementing, and governing models that meet compliance standards.
• Coordinate with Partner / Managing Director, Senior Manager, and staff on all phases of the client engagement including initial scoping, contract, information requests, timely and proactive client communications, staffing, oversight, project execution, quality assurance review, report, and deliverable preparation and client delivery meetings.
• Delegate work and review work performed by staff in accordance with their experience and capabilities, ensuring quality and accuracy of deliverables. At times, performing technical work alongside staff to ensure Unmatched Client Service

We are looking for people who have Forward Vision and:

• Strong analytical and organizational skills with particular attention to detail;
• Critical thinking and problem-solving skills that support delivering individualized solutions to clients;
• Highly effective verbal and written communication skills with strong report writing capabilities;
• A self-starter mentality with the ability to be agile and collaborative.
• Ability to manage complex engagements;
• A proven ability to manage, motivate, and develop a team of professionals

Minimum Qualifications:

• Bachelor's or Master's degree in finance, economics, accounting, statistics, data analytics/science or other quantitative fields;
• 5 years or more of experience in market risk modeling or financial risk management with at least 2-3 years in a leadership or managerial role; and
• Proficiency in credit risk modeling techniques and methodologies and advanced knowledge of programming languages such as Python, R, SAS, and/or SQL
• Knowledge of market and counterparty risk, including market factors (interest rate, exchange rates, equity pricing, credit spreads), models, stress testing and scenario analysis Trading markets knowledge within the FX, rates, credit, equity, commodity space A strong understanding of market risk management, financial products, regulatory frameworks, and industry best practices
  
• Proficiency with standard analytical systems such as R, Python, Alteryx, SAS, Excel, etc.
  

Preferred Qualifications:

• CFA, FRM or other relevant certifications are a plus.

#LI-CLTU, #LI-NYC

#LI-CH1

New York City Pay Transparency

Pursuant to the pay transparency laws of New York State and other local ordinances within the state including (but not limited to) New York City, the salary range displayed is for the New York markets. The salary for this role will be based on the experience, education, and skill set of the individual for the position. Total compensation and benefits consist of salary, group health plan benefits, 401(K), profit-sharing contributions, flexible time off, and parental leave. Forvis Mazars reserves the right to make changes to the salary range based on business needs.

New York Salary Range:

NY Minimum Salary (USD)

$ 92,100

NY Maximum Salary (USD)

$ 192,000

City: New York

State: New York

Community / Marketing Title: Quantitative Solutions Manager - Market Risk Model

Location_formattedLocationLong: New York, New York US

CountryEEOText_Description:

With a legacy spanning more than 100 years, Forvis Mazars is committed to providing a different perspective and an unmatched client experience that feels right, personal and natural. We respect and reflect the range of perspectives, knowledge and local understanding of our people and clients. We take the time to listen to deliver consistent audit and assurance, tax, advisory and consulting services worldwide.

We nurture a deep understanding of our clients’ industries, delivering greater insight, deeper specialization and tailored solutions through people who listen to understand, are responsive and consult with purpose to deliver value.

About Forvis Mazars, LLP

Forvis Mazars, LLP is an independent member of Forvis Mazars Global, a leading global professional services network. Ranked among the largest public accounting firms in the United States, the firm’s 7,000 dedicated team members provide an Unmatched Client Experience® through the delivery of assurance, tax, and consulting services for clients in all 50 states and internationally through the global network. Visit forvismazars.us to learn more.

Forvis Mazars, LLP is an equal opportunity/affirmative action employer. Employment selection and related decisions are made without regard to age, race, color, sex, sexual orientation, national origin, religion, genetic information, disability, protected veteran status, gender identity, or other protected classifications.
It is Forvis Mazars, LLP standard policy not to accept unsolicited referrals or resumes from any source other than directly from candidates.

Forvis Mazars, LLP expressly reserves the right not to consider unsolicited referrals and/or resumes from vendors including and without limitation, search firms, staffing agencies, fee-based referral services, and recruiting agencies.
Forvis Mazars, LLP further reserves the right not to pay a fee to a recruiter or agency unless such recruiter or agency has a signed vendor agreement with Forvis Mazars, LLP.Any resume or CV submitted to any employee of Forvis Mazars, LLP without having a Forvis Mazars, LLP vendor agreement in place will be considered the property of Forvis Mazars, LLP.