Enterprise Stress Testing Job Description

Enterprise Stress Testing Job Description

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Enterprise stress testing provides oversight, review and challenge on capital, stress testing and business risk on all related risk matters.

Enterprise Stress Testing Duties & Responsibilities

To write an effective enterprise stress testing job description, begin by listing detailed duties, responsibilities and expectations. We have included enterprise stress testing job description templates that you can modify and use.

Sample responsibilities for this position include:

Collaborate in review and challenge of stress testing results for several risk areas (such as market / trading
Coordinating various stress testing initiatives across several risk types, including but not limited to Market Risk, Wholesale Credit Risk, Counterparty Credit Risk, Operational Risk and Financial (PPNR-Pre-Provision Net Revenues) forecasting
Manages Projects in conjunction with the Head of Model Development and vendors, the development and implementation of statistical stress testing models to analyze product portfolios, financial statements, and liquidity and earnings
Lead development of management reporting package of GECC Stress Testing results and metrics with support from multiple teams (Credit, PPNR, Op Risk, Capital & Liquidity Management ) to support review & challenge sessions with senior management & BOD
Define the scope of spreadsheets to be monitored within ERM as part of the CCAR stress testing controls
Implementing the Excel/VBA version of the FRM model in a more sustainable platform
Support other stress testing staff by providing results of the models, explaining the models, the results, and make required adjustments to inputs or outputs to ensure that scenarios are meaningful
Work closely with other support functions including COO and IT to develop stress testing automation and infrastructure, including interactive data visualization techniques, while ensuring a consistent framework is applied
Assists in analyzing product portfolios, financial statements, liquidity and earnings
Manages and manipulates large and complex data sets using statistical tools and database technologies

Enterprise Stress Testing Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Enterprise Stress Testing

List any licenses or certifications required by the position: SAS

Education for Enterprise Stress Testing

Typically a job would require a certain level of education.

Employers hiring for the enterprise stress testing job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Economics, Statistics, Graduate, Mathematics, Engineering, Accounting, Business, Management, Quantitative Finance

Skills for Enterprise Stress Testing

Desired skills for enterprise stress testing include:

R
All of SAS
Areas of stress testing
International finance is an asset
Macroeconomics
VBA
Capital requirements and risk management
SQL Windows and Unix systems to facilitate process automation
Stress testing
Market

Desired experience for enterprise stress testing includes:

7+ years in financial services, preferably at a large financial institution
Experience dealing with regulatory partners and exercises
Experience developing quantitative estimation techniques and models
Creative critical-thinking and a pragmatic approach to problem solving
Strong interpersonal skills, to develop professional relationships across a broad spectrum of teams within SunTrust
Ability to summarize highly complex methodologies into cogent, coherent communication (both written and verbal)

Enterprise Stress Testing Examples

1

Enterprise Stress Testing Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of enterprise stress testing. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for enterprise stress testing
  • Track, follow-up and conclude all Stress Testing and ICAAP related audit and Self-Assessment Process (SAP) requirements
  • Responsibility for producing the Stress Testing and Capital Adequacy policies for PRC and inclusion within the Policies & Procedures Library
  • Support the production of the Stress Testing and ICAAP policies
  • Perform ad hoc analysis / stress testing to assess the impact of top and emerging risks
  • Support the production of the Annual ICAAP Report, the annual methodology summary of models and the Self-Assessment Process to Regulatory Stress Testing (E18) and ICAAP (E19)
  • Ensure adequate controls are built between the different tools including reconciliation of reports, edit checks as applicable
  • Test the controls supporting the end to end processes in completing FR Y-14A regulatory filings
  • Improving coding efficiency by exploring different optimization methodologies
  • Extending the FRM model to incorporate new features such as additional Risk Appetite Framework metrics, more granular business line breakdowns, capital deployment, cross-sell impact
  • Upgrading the FRM model by introducing nonlinearity and stochastic properties
Qualifications for enterprise stress testing
  • A minimum of 10 years of previous risk analytics or finance experience within the financial services industry is required
  • BS/BA in business related field is required
  • Highly proficient use of planning, analysis & reporting tools like Microsoft Office
  • Candidates should have a breadth of business experience, usually gained through 8-10 years in financial services
  • Bachelor degree in a quantitative discipline
  • 2+ years experience in financial services, preferably within a Credit Risk, Treasury, Capital Markets, or ALM division of a medium to large financial institution or a Masters degree in a quantitative discipline
2

Enterprise Stress Testing Job Description

Job Description Example
Our innovative and growing company is looking for an enterprise stress testing. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for enterprise stress testing
  • Perform ad hoc analysis / stress testing to assess the impact of top and emerging risks, material assumptions and limitations
  • Support the production of the Annual ICAAP Report, the annual methodology summary of models and the Self-Assessment Process to OSFI’s Regulatory Stress Testing (E18) and ICAAP (E19)
  • Documenting model methodologies and implementation details, creating a user manual and related documentation for the FRM model
  • Participating in FRM working group meetings and incorporating business lines’ assumptions and strategies into the model
  • Workiva + Tool SME + Training
  • Submission to Regulators (RRP Only)
  • Table of Contents Change Control Process and Other Related Workiva Processes
  • Syncing non-narrative content into Plan (“Workbook Sync”)
  • Recovery and Resolution Rule / Requirement Mapping Process + Tool (Not SMEs on Regulations)
  • Develop and maintain the credit stress test models for the wholesale and retail portfolios, stressing Probability of Default and Loss Given Default by product, geography and industry
Qualifications for enterprise stress testing
  • Experience or proven ability to draft materials for board-level and senior executive-level audiences
  • Deep knowledge of Word, Excel, PowerPoint, Visio, and SharePoint Site with the ability to easily adapt to technology, tools, and applications
  • BAC enterprise knowledge Experience with financial regulations (greater than 5 years)
  • Understanding of corporate governance, financial reporting systems, and legal entities is a plus
  • Experience in Compliance, Risk Management and/or regulatory interactions
  • Experience with Workiva’s Wdesk
3

Enterprise Stress Testing Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of enterprise stress testing. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for enterprise stress testing
  • Be responsible for the forward-looking information component of IFRS 9 provisioning models, for both retail and non-retail, including model development, model implementation and analytical support for Expected Credit Losses measurement
  • Document the models developed and provide overview and summary information to management
  • Analyze the relationships between the stress test models results and the actual losses, the forecast provision for credit losses and historical data
  • Work with the model validation team to assure timely and satisfactory validation
  • Respond to inquiries from regulators, Audit and executive management about modelling results and techniques and any limitations or assumptions embedded in the models
  • Proactively drive critical projects, from inception through to implementation
  • Use your strong written and verbal communication skills to actively influence, engage, and maintain relationships with a wide stakeholder group to ensure relevant subject matter expertise is drawn upon to support the projects
  • Lead project management and governance activities to ensure the status of the program is clearly communicated and risks/issues/dependencies are appropriately mitigated, escalated and managed
  • Proactively driving critical projects from inception through to implementation to achieve quality outcomes in line with cost and schedule expectations
  • Influence, engage and maintain relationships with a wide stakeholder group to understand and communicate business requirements and implement new solutions
Qualifications for enterprise stress testing
  • Graduate degree in Finance, Business or quantitative discipline
  • Ability to work in a dynamic environment, handling multiple, varied tasks while achieving critical milestones
  • Is able to build effective relationships and impact and influence key stakeholders
  • Possesses extensive knowledge and 5 – 7 years of experience in project management demonstrated by completion or undertaking of internal Project Manager Accreditation Program Level 3, or industry equivalent
  • Exhibit working knowledge of core bank competencies including knowledge of the Bank's business environment and products
  • Possesses strong self-management and ability to work both independently and as part of cross-functional teams take initiative and ownership of assignments and produce results under tight time constraints
4

Enterprise Stress Testing Job Description

Job Description Example
Our innovative and growing company is looking for an enterprise stress testing. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for enterprise stress testing
  • Document the current and future states of existing systems and processes to identify and recommend improvements, verification and validation
  • Analyze and review stress test outputs or assumptions proposed by 1st line of defense or risk officers
  • Define and enhance standards and controls by providing effective challenge from a 2nd line of defense standpoint
  • Enhance economic and financial scenario design incorporating forecasts for Risk Economic Research, Regulatory Scenarios develop ad-hoc scenario design while maintaining macro-economic variables forecasts and expansions
  • Identify and design business requirements for enhancements to systems and processes
  • Work with Subject Matter Experts to propose detailed designs of solutions that meet business requirements while identifying, communicating and managing implementation risks
  • Proactively drive critical projects from inception through to implementation to achieve quality outcomes in line with cost and schedule expectations
  • Produce the CCAR Review & Challenge presentation, own and deliver the Assumptions and Limitations & weaknesses inventories, produce the Process & procedures document and produce all other supplementary documentation for CCAR
  • Attend operating committees and support the Credit Risk function CCAR deliverables
  • Support the production of the required documentation for the CCAR, CCAR Review & Challenge presentation
Qualifications for enterprise stress testing
  • Possess high degree of proficiency with Word, Excel, Powerpoint and project management software (e.g., MS Project)
  • You will also participate in an initiative to build coherent stress tests encompassing both retail and non-retail risks
  • Developing a comprehensive understanding of risk types associated with various businesses, products and how these are impacted by macroeconomic developments
  • With close co-operation with other functional areas, maintaining a bird-eye view on the risk profile of the group and where needed designing and building further quantitative monitoring tools
  • This role offers high exposure to senior management
  • Excellent financial and risk modelling skills with a strong quantitative background (degree in finance or economics preferred)
5

Enterprise Stress Testing Job Description

Job Description Example
Our company is hiring for an enterprise stress testing. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for enterprise stress testing
  • Assist as needed in report preparation and review, and data entry
  • Complete research projects as needed to assist the department
  • Assist the Accounting Department with other tasks if needed, including accounts payable
  • Participation in overall ScenGen process including information collection and scenario design / development
  • Assistance in various aspects of analysis and corresponding presentations to varied governance forums
  • Preparation / distribution of detailed scenario / macroeconomic variable material to downstream / consuming LOBs and workstreams
  • Maintenance of ScenGen process / control documentation include process map and practice guide
  • Support the production of the required documentation for Fed’s CCAR, CCAR Review & Challenge presentation, and process, procedures and supplementary documentation for CCAR
Qualifications for enterprise stress testing
  • 5y+ work experience preferably in credit risk, gained in a rating agency or credit risk department of a tier 1 financial institution
  • Solid understanding of financial markets, private banking and investment banking products including sound derivative knowledge
  • Successfully collaborate with credit modelling to enhance scenario methodology
  • Ability to present complex issues to senior mangement in a simple way
  • Excellent financial modeling skills with a strong quantitative background (degree in finance with quantitative background)
  • 5+ years experience of having worked in a credit risk modelling function

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