Associate for Operational Risk Quantative Services

Principal, Operational Risk Quantitative Services

 Location:  New York

 The Company

 

Founded in 1989, Algorithmics is a recognized leader in enterprise risk management. Following its acquisition by the Fitch Group in January 2005, Algorithmics is the world?s leading provider of enterprise risk management solutions and services that enable financial institutions to effectively understand and manage their financial risk.  Algorithmics has over 200 clients, including more than 60 of the 100 largest financial institutions in the world.

 The Role

 

Algo OpVantage, the market leader in Operational Risk Solutions, is looking for a Principal to develop and implement models to calculate operational risk for the financial services and corporate sectors, participating in R & D projects to develop new methodologies and models.  The position is based in New York and travel is estimated to be approximately 15%.

 

Specific Responsibilities Include:

 

? Developing and supporting risk management models for use in the production of client deliverables

? Working with OpVantage business consultants to review, validate, or develop Value-at-Risk, stress testing, extreme value theory, with the emphasis on operational risk

? Validating quantitative methodologies and testing models

? Supporting the consulting teams in quantitative analysis and risk modeling at the client request 

 

Requirements Include:

 

? 2-4 years of experience working in a quantitative position in risk management consulting or the financial services industry

? Master?s degree in mathematics, statistics or a quantitative field

? Familiarity with operational risk modeling techniques

? Working knowledge of programming languages and econometric packages (e.g. SAS, Eviews, Stata, Matlab, S-plus, VBA, C/C++)

? Strong background in mathematics/statistics and finance/economics

? Knowledge of risk management tools and models

? MBA a plus