Risk Manager/$105K/Jay


Current salary $105K.  Permanent resident of the US living in Washington.  Will relocate.

Profile:

Senior Risk Management professional with more than nine years of experience in the financial services industry including investment banking, trading, portfolio management, mortgage, credit cards and economic capital modeling. Proven ability in developing strong relationships with offshore and onshore partners establishing analytical model validation and model development programs.


Experience:

Financial Services, Washington, August 2007 to Present
Manager/Sr.Risk Analyst

Established policies, standards and guidelines to implement consistent Model validation for the model with in Finance, Retail Bank, Home Loans, Credit Cards and Commercial Banking business lines. Responsible for overseeing Model risk management, prioritization, independent validation, issue identification escalation, data integrity and quality.

  • Established the foundation for effective model validation, including governance policies and standards. Additional guidelines created for credit, market and operational risk models.
  • Implemented a centralized Enterprise Model Inventory and Issues log and Documentation management repositories.
  • Validated Basel II models, retail deposit fraud losses, online risk, compliance (BSA/AML), ALLL reserving for Home loans and small business, and credit and market risk models comply to Basel II and OCC Bulletin 2000-16 to evaluate the effectiveness and soundness of the model.
  • Used K-S, Q-Q plot, A-D statistics, ROC, Regression, Weibull, log-normal, Goodness of fit, PSI and Probability Density Function for data analysis and measuring model predictive and discrimination powers.
  • Developed recommendations on validation findings and observations to compile with Financial disclosures and SOX and enhance the Model performances.
  • Established offshore model validation and Model development program, manage and provide leadership in the outsourced validation, project planning and achieve quality validation reports.
  • Created and implemented issue tracking tool in SAS, Excel using VB and for enterprise model validation which effectively established issue identification, monitor and escalation process.


Dibon Solutions, October 2004 to August 2007, Consultant
Clients and Projects
State Street Bank, Boston, MA July 2006 to August 2007 Lead Business Data Analyst
Involved in the development of Risk Analytics Infrastructure, an automated data collection in support of the Credit Risk, Operational Risk, and Trading Book Risk, Interest Rate Risk and Business Risk economic capital estimation process. Designed and implemented Basel Information Delivery (BID) web application which integrated applications, data upload and reports.

  • Developed methodologies for Exposure at Default (EAD), Loss Given Default (LGD) and Probability of Default (PD) for different products such as like foreign exchange, interest rate contract, investment portfolio, structured products, security lending, bank placements, overdrafts, repos and reverse repos.
  • Created a hair cut approach model for the EAD, LGD, and PD methodology for repos and reverse repos as per NPR publication.
  • Developed Enterprise wide risk reporting across risk streams, reconciliation of data and back testing to validate the upload data quality to risk analytics environment
  • Executed model validation analysis on the economic capital generation, EAD methodology, Probability of Default (PD), Maturity Factor (M), Loss Given Default (LGD), and also benchmarked the model performance with with the previous methodology using MS ACCESS and SQL.
  • Worked extensively with top clients to gather reporting needs and develop economic capital and risk estimation reports through an Actuate portal.


Northern Trust Corporation, Chicago,IL October 2004 to June 2006
Consultant /Senior Business Analyst
Involved in the development of FastLane, an online trading front-end solution. It consists of an integrated order routing system via the Internet, and a real time, on-line trading tool. This enabled traders to get online and conduct business, analyze the market via graphs and charts available. Developed a real time analytics application for minimum capital requirement calculations compliant with the Basel II accord.

  • Developed real-time risk analysis, credit risks for minimum capital requirement calculations compliant with the Basel II accord, developing methodologies for EAD calculations, requirement gathering and Documenting
  • Provided leadership in development of architectural solution for the business requirements, resolve open issues, and change requests.
  • Interacting with the SMEs and stakeholders to get a better understanding of client business processes and gather business requirements.
  • Worked with the Business community, Technology and 3rd party vendors in gathering their requirements and data transaction information related to OLAP & OLTP.
  • Identified Use cases from the requirements and established Use Case Specifications, Created Use-Cases and Business Use-Case Model after accessing the status and scope of the project


Wells Fargo, Des Moines, Iowa August 2002 to September 2004
Independent Consultant
Consultant/ Senior Business Analyst
The scope of the project was to make amendments and additions to the Wells Choice brokerage account. The system was developed to provide the advisory services on fixed income to clients on Asset Projections, Portfolio Re-balancing, Investment holdings, Liquidity needs and future goals. Maintained proper communication with the developers ensuring that the modifications and requirements were addressed

  • Incorporated Rational Unified Process (RUP) and UML to create business requirement specifications and produced visual models for the application using Rational Rose to create use cases, sequence diagrams, deployment diagrams and activity diagrams.
  • Responsible for analyzing various valuation models involving stocks, bonds and derivatives.
  • Responsible for analyzing various valuation models, internal support and vendor management of the data modeling tools and conducted database logical modeling and physical designing.
  • Used Rational Robot and Rational Test Manager to create and manage various tests, store test information, review and analyze test results.
  • Assessed risks, costs and potential benefits of alternative business process.
  • Collaborated with the Quality Assurance team to ensure adequate testing of software both before and after completion, maintained quality procedures, and ensured that appropriate documentation is in place.


SunTrust, Atlanta, GA October 2000 to July 2002
Consultant/Business Analyst
Conducted data analysis and provide architectural solutions in designing database and integration for Fixed income Performance Attribution System (FIPA) to support Wealth Management Groups to provide most valuable advisory services to clients on Asset Projections, stock option models, Portfolio Rebalancing, Investment Holdings, Liquidity needs and future goals.

  • Lead client facilitation meetings to gather requirements (Inception phase), there after assisted tech leads in Analysis & Design of architecture using OOAD approach using UML & Rational Unified Process
  • Responsible for identify problems, resolve issues and improve the process to ensure a stable and accurate solution.
  • Applied Unified Modeling Language (UML) methodologies to design Use Case Diagrams, Activity Diagrams, Sequence Diagram and ER diagrams.
  • Planned and defined system requirements to Involved in GAP analysis around the identification of business rules, and business system process flows, user administration, requirements and assumptions.
  • Good experience in Unit, Integration, Functional, Validation, System and Regression Testing.

 Technical Skills:

Operating Systems
Win 9x/NT/2000/XP, Unix, SUN Solaris, Linux Red hat and Suse 9.0 and Mac.
Programming
SAS, Matlab, Mathematica, C++, SQL, HTML, Visual basic, Perl and UNIX shell Script.

Database
MS Access, Oracle 8i, MySQL, TOAD and SQL Navigator.
PC Software
MS Office, MS SharePoint, Rational Rose, RequisitePro, Clearquest, WinRunner, QuickTestPro, AutoCAD and Hyperion Essbase.
Methodology
Rational Unified Process (RUP), Unified Modeling Language (UML), Object Modeling Technique (OMT), and Object Oriented Analysis (OOA), OO Design/Class Diagrams, Software Development life cycle (SDLC), Project Management Life Cycle(PMLC), GAP analysis, User Acceptance Testing (UAT), SWOT analysis, Cost benefit analysis, ROI analysis, OLAP/OLTP Reporting and scorecards/dashboards

 
Education:

Ph.D in Computational Physics, 2000
University of Tokyo, Japan

Master of Science in Physics, 1995
Bharathiar University, India