Stress Testing Job Description

Stress Testing Job Description

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Stress testing provides SME on calculation and consolidation logic for Income Statement, Balance Sheet, RWA, and/or Regulatory Capital functional areas.

Stress Testing Duties & Responsibilities

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

Sample responsibilities for this position include:

Developing and rolling out stress testing procedures to strengthen the reliability and repeatability of key processes used in the capital stress testing and adequacy framework
Establishing, supporting and maintaining processes for delivering high-quality results for all Stress Testing, Capital Planning and DFAST activities to ensure timely and accurate regulatory and non-regulatory submissions
Driving simplicity and efficiencies in the deployment of stress testing and other capital allocation
Playing key role and leading entire sections of annual Capital Management initiatives such as Stress Testing, Economic Capital and other Risk Analytic based initiatives
Preparing and delivering presentation materials such as stress testing and scenario analysis results and slide to various committees, senior management, the Board of Directors and US banking regulators
Work in a team that provides risk models designs/prototypes new risk, portfolio management and regulatory risk models (Stress Testing/ IMM/ IRB)
Support the firm’s supervisory stress testing efforts and comprehensive capital
After the establishment of the Bank Holding Company (BHC), serve as a core member of the Stress Testing team of the BHC
After the establishment of the BHC, serve as a member of the Capital Stress Testing team of the BHC
Design and develop a variety of models in consumer credit for the purpose of Stress Testing and Capital Adequacy

Stress Testing Qualifications

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

Licensing or Certifications for Stress Testing

List any licenses or certifications required by the position: MBA, MS, ACLS, NIHSS, PMP, BLS, SAS, CCNP, CCNA, FRM

Education for Stress Testing

Typically a job would require a certain level of education.

Employers hiring for the 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, Mathematics, Statistics, Engineering, Accounting, Education, Business, Graduate, Physics

Skills for Stress Testing

Desired skills for stress testing include:

R
Balance sheet
Income statement and basic accounting concepts
Stress testing
Financial markets and products
Direct experience with regulatory reporting
VBA
Asset classes
Direct experience in RWA and capital-related processes and analyses
Matlab

Desired experience for stress testing includes:

Excellent presentation skills when delivering analysis or results to senior management
Ability to deliver results and justify approaches taken, given ambiguous expectations and requirements
Attention to detail, comfortable functioning within an environment with a low margin-for-error
Ability to meet tight timelines, and endure periods of high-intensity in the work environment
Prepare and load other forecasts that are correlated to internal business drivers
Analyze forecasts for accuracy, reasonableness and adjust where needed

Stress Testing Examples

1

Stress Testing Job Description

Job Description Example
Our growing company is looking for a stress testing. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for stress testing
  • Writing and implementing stress testing procedures to strengthen the reliability and repeatability of key processes used in the capital stress testing and adequacy framework
  • Portfolio-specific Stress testing
  • Develop, or, where already existing, enhance and execute, stress testing methodologies and processes for specific Commercial portfolios (CRE, Asset-based lending, etc) and use the information provided by such stresses to inform the risk management activities in those portfolios
  • Prepare commercial portfolio performance reviews to identify deterioration and weakening trends in various asset classes, industries, and geographies
  • Independent monitoring and control function for stress testing output across the bank
  • Provide support in setting the agenda for the Group's firm-wide stress testing and portfolio analytics activities
  • Assisting in analysis of stress testing results
  • Assisting in the establishment, support and maintenance of processes for delivering high-quality results for all Stress Testing, Capital Planning and DFAST activities to ensure timely and accurate regulatory and non-regulatory submissions
  • Providing assistance in the remediation of regulatory recommendations related to Capital Stress Testing Team’s portfolio of activities
  • Stay abreast of industry best practices on regulatory guidelines and economic/financial model develop
Qualifications for stress testing
  • Load data into financial reporting systems and reconcile to source documents
  • Ability to solve problems collaboratively in ambiguous, complex, or stressful situations
  • Knowledge of financial systems & reporting environments (e.g., QRM, Essbase, Hyperion)
  • Coordinating – interact with executives and senior level resources across the Bank and externally to discuss and implement the mandate
  • Advising – work with many groups across the Bank on providing information on the implementation of new strategies and how they will be affected
  • Monitoring – assist direct reports in ensuring strategies are being implemented with the support of LOBs and other Finance areas
2

Stress Testing Job Description

Job Description Example
Our growing company is hiring for a stress testing. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for stress testing
  • Agreeing the stress testing architectural strategy and ensuring it is in line with the wider risk architecture and business processes
  • Becoming a subject matter expert on key stress testing related regulation
  • Good working knowledge of regulatory stress testing, including the ICAAP, Bank of England and CCAR
  • Broad knowledge of banking products, including derivatives across multiple asset classes, risk management processes and BCBS regulatory principles
  • Assisting in the remediation of regulatory recommendations related to Capital Planning Team’s portfolio of activities and in the development of business requirements and preparation of impact analysis for any changes in DFAST regulations
  • Partnering with the lines of business, Finance and Risk departments other corporate functions
  • Developing and maintaining strong individual and team performance
  • Develop analytics of key drivers of results and changes in business and capital strategy
  • Directly leading and managing a team of dedicated analysts
  • Serve as primary liaison between all planning groups involved in the process including corporate groups such as Finance, Treasury, Tax and Risk (for both Banks) with Line of Business representatives
Qualifications for stress testing
  • Full breadth and depth of knowledge of Basel Rules and methodology used in measuring Losses and Regulatory Capital, in addition to Credit Risk concepts and parameters (PD, LGD, EAD)
  • A proven track record in the successful implementation and day-to-day management of credit risk appetite frameworks
  • A good understanding of modern credit risk management practices and relevant regulation such as CCR framework, AIRB, Basel 3
  • Relevant involvement in designing and running credit scenarios for a peer bank
  • First-hand experience in using credit risk models for measuring exposures, wrong way risk, settlement risk and residual risks
  • Risk identification framework process and monitoring
3

Stress Testing Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of stress testing. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for stress testing
  • Enhance stress testing process documentation submitted to the FRB
  • CCAR/Loss Forecasting
  • Oversee the construction, testing, implementation, back testing, documentation and enhancement of commercial loss forecasts, specifically credit and operational loss forecasting utilizing default probabilities and loss given default measures, with specific regard to the Bank’s CCAR program
  • Develop challenger models to the loss forecasting approaches already in place and continue to maintain and enhance both sets of approaches
  • Work collaboratively with Finance, commercial lines of business, and other areas of Risk to ensure methodologies and output are in line with expectations
  • Prepare and deliver presentations to senior management to enable proper review and credible challenge
  • Meet with peers, internal and external auditors and validation teams, regulators to provide for a program of continuous enhancement and refinement
  • Further integrate CCAR/Loss Forecasting results with the Bank’s strategic initiative discussions
  • Related Activities
  • Support the Commercial Dual Risk Rating (i.e., PD/LGD/EAD) models to enhance their predictability and ensure the line of business is appropriately using the models
Qualifications for stress testing
  • Stressed earnings
  • Resolve complex issues in credit risk modeling, credit loss estimation, allocation of capital for performance measurement, and other aspects of risk measurement
  • Minimum of ten years proven and progressive credit and financial services experience or equivalent, including the implementation of cutting edge credit risk analytics
  • Strong managerial, communications, analytical, decision-making, lateral thinking, interpersonal and team building skills
  • Excellent communication & influencing skills including very strong writing and documentation skills required
  • Close attention to detail and ability to produce under tight timelines
4

Stress Testing Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of 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 stress testing
  • Work collaboratively with credit risk reporting and related areas on concentration analyses, capital consumption and allocation analyses and the like, to support actions to reduce overall risk in the portfolio
  • Prepare recommendations to adjust commercial credit underwriting standards to reduce overall risk in the portfolios
  • Creating models used for market risk scenario generation
  • Ensuring that models and model development adheres to regulatory (FRB’s SR 11-7 and others) and internal policies and guidelines
  • Conveying requirements on new models to BAs and IT staff
  • Describing and documenting models for model validation / regulators / audit
  • Ongoing monitoring of model validation caveats
  • Work in close collaboration with regulators to determine wholesale stress test requirements to meet prescribed methodologies and model requirements
  • Developing business requirements and preparing impact analyses for any changes in DFAST regulations
  • Facilitating cross-functional collaboration and managing inputs required from subject matter experts across the Bank, including those in the Risk, Finance, and Treasury departments, in the Bank’s lines of business
Qualifications for stress testing
  • Solid understanding of commercial, retail and counterparty derivative credit processes, including credit risk assessment and systems, econometrics, statistics and simulations
  • Thorough understanding of credit derivative instruments, structured credit products and other risk mitigation techniques used to execute portfolio improvement strategies
  • In-depth knowledge of Credit Risk and related regulatory requirements
  • An advanced quantitative degree and knowledge of VaR, CVA, Credit Spreads a plus
  • The role will require the candidate to both work collaboratively and independently across functions and disciplines to ensure the success of critical deliverables and initiatives
  • Minimum of a bachelor’s degree or equivalent in business, finance, related field or equivalent experience
5

Stress Testing Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of stress testing. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for stress testing
  • Experienced in Market Risk within
  • Conversant and interested in macroeconomic and geopolitical events, both current and historical
  • Experienced within a Basel III regulatory environment
  • Liaising with key stakeholders within MRM, Front Office, Information Technology, Finance
  • Knowledge and experience of banking, including knowledge of more than one traded asset class
  • A good understanding of other Market Risk measurement techniques Value at Risk (VaR), Risk Not In Value at Risk (RNiV), Economic Capital, Infrastructure Risk Counter (IRC)
  • Strong experience in Programme & Project management, Budget and Resource management and Vendor and / or Consultancy management
  • A Bachelor’s degree in Economics, Mathematics or other quantitative subject (or equivalent qualification or experience)
  • A strong experience in Risk Change within the Financial Market / Investment Banking industry (other relevant backgrounds Trading, Product Control, Independent Price Verification (IPV) will also be considered)
  • A team player with strong communication skills, both verbally and in writing
Qualifications for stress testing
  • Ability to manage multiple tasks in fast paced and evolving environment and meet timelines without compromising the quality and integrity of deliverables
  • Leadership and ability to influence internal and external stakeholders
  • Ensure all appropriate authorizations/ approvals are obtained in accordance with policies and
  • Operational integrity is maintained
  • Understand regulatory and compliance requirements as prescribed for the operating area, and
  • Finance and Corporate Areas Finance

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