Financial Services - Regulatory Model Risk Senior Associate


Company:: PwC
Location:: New York City, NY
Job Type:: Full Time
Category:: Retail Banking, Asset Management


Posted:: 1/30/2013

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Job Description

The Financial Services industry is operating in a challenging environment due to global economic pressure, increasing regulatory demands and capital requirements as well as significant operational and technology changes. Our growing Financial Services Advisory practice provides management, technology and risk consulting services to help major financial institutions around the world respond to their most complex business challenges. The Financial Services Advisory practice is composed of three industry sectors: Asset Management, Banking & Capital Markets and Insurance.

Our Risk & Regulatory consultants help clients understand and address their enterprise risk and regulatory profile. This high performing team advises clients on the overall management and performance of their business, with a focus in compliance management, business continuity, risk and governance, and treasury management.
Position/Program Requirements
Knowledge Preferred:

Demonstrates proven considerable knowledge of, and success with performing on, compliance-related consulting engagements, including:
- Strategy, operations and management in a number of functional areas across various industry types.
- Corporate compliance, including developing and assessing corporate compliance programs, constructing, monitoring and auditing programs, and managing internal risk assessments and/or investigations.
- Common issues facing clients within one or more of the following industries: Healthcare, Products and Services and Financial Services.
- Participation in proposal development efforts and help implement industry best practices to all clients.
- Communications with clients in an organized and knowledgeable manner, delivering clear requests for information, demonstrating flexibility in prioritizing and completing tasks and communicating potential conflicts to a supervisor.

Skills Preferred:

Demonstrates proven thorough abilities and success with advising clients on compliance issues, assessing compliance risks and controls, implementing compliance supervisory and control solutions.

Demonstrates proven thorough abilities and success with identifying and addressing client needs: actively participating in client discussions and meetings; communicating a broad range of Firm services; managing engagements including preparing concise, accurate documents and balancing project economics management with the occurrence of unanticipated issues.

Demonstrates proven thorough abilities and success as a team leader: creating a positive environment by monitoring workloads of the team while meeting client expectations and respecting the work-life quality of team members; providing candid, meaningful feedback in a timely manner; and keeping leadership informed of progress and issues.

Minimum Years of Experience Necessary:

3

Minimum Degree(s) and Certification(s) Required:

Bachelor of Science or Bachelor of Arts degree required.

-Travel requirements: 60%-80%
Additional Information
• Advanced degree in Economics (Ph.D. preferred) or a combination of an advanced Statistics degree with an undergraduate or graduate degree in Finance / Economics;
• Strong financial / econometric modeling focus;
• Knowledge of / Proficiency with credit risk models, mortgage prepayment models, and/or complex discounted cash flow models;
• Demonstrated proficiency with advanced statistical/econometric modeling techniques and complex Excel-based spreadsheet models;
• Strong SAS programming skills -- additional experience with Visual Basic, SQL, or C++ is a plus;
• Sincere long-term interest in pursuing a private-sector consultancy career;
• Strong verbal and written communication skills, and ability to interface effectively with modelers as well as all levels of client management; and
• Willingness to travel up to 30%.

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