ASSOCIATE DIRECTOR OF MODELLING AND STRESS TESTING - REMOTE
Company: UnitedHealth Group
Location: Dallas
Posted on: October 22, 2024
Job Description:
Optum is a global organization that delivers care, aided by
technology to help millions of people live healthier lives. The
work you do with our team will directly improve health outcomes by
connecting people with the care, pharmacy benefits, data and
resources they need to feel their best. Here, you will find a
culture guided by diversity and inclusion, talented peers,
comprehensive benefits and career development opportunities. Come
make an impact on the communities we serve as you help us advance
health equity on a global scale. Join us to start Caring.
Connecting. Growing together.Associate Director of Modelling and
Stress Testing will manage Optum Bank's development of credit loss
forecasting and other similar models for both wholesale and retail
loss forecasting. Responsibilities include overseeing the CECL
stress testing, capital adequacy assessment and related model
suites including development and maintenance of the models, the
model technical documentation, ongoing model performance
monitoring.You'll enjoy the flexibility to work remotely * from
anywhere within the U.S. as you take on some tough
challenges.Primary Responsibilities:
- Define and set strategies to lead the planning and execution of
the Bank's credit risk modeling programs
- Lead the design, implementation, and recalibration of models to
support the Current Expected Credit Losses (CECL) and Capital
Adequacy Ratio processes, ensuring compliance with regulatory
requirements
- Develop quantitative modeling other than CECL, such as loss
forecasting, predictive risk rating models, stress testing, and
profitability analysis
- Work with Bank's leadership to plan and deliver
updates/strategy to Management and Board of Directors Risk
Committees and to the FDIC/UDFI
- Prepare reporting and forecast for credit risk stress testing
and Current Expected Credit Losses (CECL)
- Maintain CECL documentation to ensure that such documentation
is available upon request by management, regulators, and internal
and external auditors
- Develop and maintain of comprehensive risk reporting suite in
support of management and committee oversight of existing and
emerging risks
- Support external and internal audit and model risk management
inquiries and supporting documentationYou'll be rewarded and
recognized for your performance in an environment that will
challenge you and give you clear direction on what it takes to
succeed in your role as well as provide development for other roles
you may be interested in.Required Qualifications:
- Master's in Quantitative Finance, Mathematics, Statistics,
Economics, Finance, or a related field with a focus on financial
modeling
- 6+ years in developing and implementing quantitative models,
CECL, and internal credit ratings within a financial institution or
relevant industry
- 4+ years of programming experience in high-level programming
languages such as Python, with experience in data manipulation and
analysisPreferred Qualifications:
- Ph.D. in Quantitative Finance, Mathematics, Statistics,
Economics, Finance, or a related field with a focus on financial
modeling
- 8+ years of model development/risk analytics experience
- CECL model development, implementation, or execution experience
for Commercial Real Estate (CRE) and consumer lending
portfolios
- In-depth knowledge of statistical modeling techniques,
econometrics, time-series analysis, and risk management
principles
- Solid knowledge of credit risk principles which inform credit
loss forecasting
- In-depth knowledge of risk frameworks, including risk
governance; risk strategy; risk appetite; process, risk and control
analysis; control effectiveness measurement; risk management
coverage plan
- Proven ability to work in a fast-paced environment, manage
competing priorities and to collaborate across the organization is
essential
- Proven ability to quickly summarize and communicate topics to a
non-technical audience including, addressing senior
management-level audiences and committees
- Proven attention to detail and ensure data accuracy,
reconciling and loading data*All employees working remotely will be
required to adhere to UnitedHealth Group's Telecommuter
PolicyCalifornia, Colorado, Connecticut, Hawaii, Nevada, New
Jersey, New York, Rhode Island, Washington, or Washington, D.C.
Residents Only: The salary range for this role is $104,700 to
$190,400 annually. Pay is based on several factors including but
not limited to local labor markets, education, work experience,
certifications, etc. UnitedHealth Group complies with all minimum
wage laws as applicable. In addition to your salary, UnitedHealth
Group offers benefits such as, a comprehensive benefits package,
incentive and recognition programs, equity stock purchase and 401k
contribution (all benefits are subject to eligibility
requirements). No matter where or when you begin a career with
UnitedHealth Group, you'll find a far-reaching choice of benefits
and incentives.Application Deadline: This will be posted for a
minimum of 2 business days or until a sufficient candidate pool has
been collected. Job posting may come down early due to volume of
applicants.At UnitedHealth Group, our mission is to help people
live healthier lives and make the health system work better for
everyone. We believe everyone-of every race, gender, sexuality,
age, location and income-deserves the opportunity to live their
healthiest life. Today, however, there are still far too many
barriers to good health which are disproportionately experienced by
people of color, historically marginalized groups and those with
lower incomes. We are committed to mitigating our impact on the
environment and enabling and delivering equitable care that
addresses health disparities and improves health outcomes - an
enterprise priority reflected in our mission.Diversity creates a
healthier atmosphere: UnitedHealth Group is an Equal Employment
Opportunity/Affirmative Action employer and all qualified
applicants will receive consideration for employment without regard
to race, color, religion, sex, age, national origin, protected
veteran status, disability status, sexual orientation, gender
identity or expression, marital status, genetic information, or any
other characteristic protected by law.UnitedHealth Group is a drug
- free workplace. Candidates are required to pass a drug test
before beginning employment.
Keywords: UnitedHealth Group, Cedar Hill , ASSOCIATE DIRECTOR OF MODELLING AND STRESS TESTING - REMOTE, Accounting, Auditing , Dallas, Texas
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