General information

Name
Consulting - Enterprise Risk & Quantitative Solutions - Senior Consultant - Liquidity Risk
Posting Title
Quantitative Solutions Senior Consultant - Liquidity Risk
Ref #
2234480
Date Published
Wednesday, January 29, 2025
City
New York
State
New York
Country
United States
Job Category
Risk Advisory
Office
Enterprise Risk & Quantitative Consulting (Forvis)
Advertised Location
US-NC-Charlotte, US-NY-New York
Working time
Full Time

Description & Requirements

We are seeking a skilled and motivated Quantitative Solutions Senior Consultant, who is looking to develop their career in quantitative and liquidity risk management consulting. As a Senior Consultant, you will have the opportunity to serve financial services clients alongside subject matter experts to deliver forward thinking solutions to help our clients identify, monitor, and manage model risk, as well as ensure regulatory compliance. Our Quantitative Solutions practice provides model risk management, model development, model implementation, model validation, and model operations services across the Treasury domain. We are looking for a qualified individual to help our practice grow.


How you will contribute:
  • Develop, validate, and enhance liquidity risk models (e.g. Cash Flow at Risk, Stress Testing, Assets Liability Management (ALM), Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), Interest Rate Risk in the Banking Book (IRRBB) etc.) to meet regulatory requirements and internal risk management needs. 
  • Develop frameworks and methodologies to facilitate asset and liability management, funding and liquidity planning and stress testing, and capital management 
  • Advise clients on regulatory requirements (e.g. Basel III, CCAR) and guide them in developing, implementing, and governing models that meet compliance standards. 
  • Ensure models are designed, deployed, and performing as expected by executing model validations, which includes an assessment of the model’s conceptual soundness, data inputs and outputs, assumptions and overlays, as well as performance indicators such as backtesting and benchmarking analysis.
  • Perform model reviews and model audits in coordination with the second and third lines of defense to ensure that model calculations, data, and assumptions are correct and can be relied upon, and that models are subject to adequate due diligence and review and challenge.
  • Execute model validation testing to confirm the accuracy of the model calculations, which will require analytical, mathematical, and statistical skills and expertise. 

We are looking for people who are motivated and forward thinking, and demonstrate:
  • An ability to prioritize multiple tasks simultaneously.
  • Experience with liquidity risk management topics such as liquidity stress testing, IRRBB, funding and liquidity, ALM, balance sheet management
  • Strong analytical and organizational skills with particular attention to detail
  • Critical thinking and problem-solving skills that support delivering individualized solutions to clients
  • Proficiency with standard analytical systems such as R, Python, Alteryx, SAS, Excel, etc.
  • Highly effective verbal and written communication skills with strong report writing capabilities
  • A self-starter mentality with the ability to be agile and collaborative. 

Minimum Qualifications: 
  • Bachelor’s degree in finance, economics, accounting, statistics, data analytics/science or other quantitative fields. 
  • Ability to read programming in languages such as R, or Python and database management such as SQL. 
  • Experience with data analysis, quantitative analysis, and data validation, and common modeling techniques/methodologies. 

Preferred Qualifications: 
  • Experience coding in R, Python, SAS or other programming language.
#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)
$ 75,300
NY Maximum Salary (USD)
$ 115,900
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