Hiring on behalf of a client for the role of
Loss Forecasting Analyst - Credit Card Business / Full time/ Onsite role
Job Summary:
We are seeking an experienced Loss Forecasting Analyst with 2+ years of experience in Loss Forecasting and 6+ years of overall experience to lead our Loss Forecasting team, focusing on the credit card business. The ideal candidate will have strong business knowledge, banking domain experience, and expertise in Vintage forecasting, CCAR models, Roll rate forecasting, and Delinquency forecasting. Any added experience of Acquisition or ECM policy will be an added advantage. This role requires leadership skills to manage clients, partners and inspire and elevate a team of analysts.
Key Responsibilities:
• Develop and maintain loss forecasting models for the credit card portfolio using Roll Rate forecasting model, unit forecasting and other techniques.
• Develop portfolio level monthly loss forecasts, and track forecasts vs. actuals
• Track actuals daily to estimate if business is on track to meet the loss forecasts, and proactively inform partners if we are at risk of missing the forecast
• Understand the outcome of CCAR models, including scenario analysis and stress testing, to ensure compliance with regulatory requirements.
• Utilize vintage analysis and roll rate models for forecasting delinquency and charge-off rates.
• Implement and refine delinquency forecasting models, including time series analysis and logistic regression. Special focus on the Risk policy and its implications to the Loss Forecasting.
• Collaborate with finance, underwriting, and collections teams to gather data and insights.
• Strong understanding of Credit Card domain (especially risk management)
• Exposure with setting Risk Appetite Framework (RAF) or setting thresholds for RAF
• Stakeholder management
Qualifications:
• Bachelor's or Master's degree in Finance, Statistics, Economics, Mathematics, or related field.
• 2+ years of experience in loss forecasting, risk management, credit strategy or related roles.
• Strong business knowledge and experience in the banking domain, specifically in the credit card business.
• Experience with vintage forecasting, roll rate forecasting, and delinquency forecasting in the credit card industry.
• Strong analytical skills with experience in predictive modeling, scenario analysis, and sensitivity analysis.
• Excellent communication and presentation skills.
• Knowledge of regulatory requirements related to financial risk management in the credit card industry.
Skills and Competencies:
• Client Management and Partner Management
• Proven leadership and team management skills.
• Strong problem-solving skills and attention to detail.
• Ability to work independently and as part of a team.
• High level of integrity and professionalism.
• Strong organizational and time management skills.
• Ability to manage multiple projects and meet deadlines.
About
In the perfect storm of technology forces shaping the business world, the question is not whether companies need to adapt to stay competitive but which tech partner to trust for long-term business improvement and transformation needs.
That’s why iShare was founded: to be that credible IT partner that cuts through the buzzword clutter to deliver real value by real people. And that starts with doing the basics right.
Who We Are
Based in New Jersey, iShare is a boutique IT consulting firm with strategic advisory, development, and staffing services designed for specific industry verticals. iShare was founded to fill a real market need – with so much noise about cloud, big data, and information security, companies today are adopting software product after product and losing sight of which they need and why, while what they really need is credible consulting that takes the time to understand their company’s unique scenario and requirement, and then architect a solution accordingly.
Recognizing this gap, senior industry executives put their credibility on the line to form iShare and ensure they create a fulfilling experience with lasting value for all stakeholders – customers, employees and partners. iShare leadership team has 20+ years average IT experience and is well-rounded in technology, operations, account and customer management. Our experience spans C-Suite positions with Fortune 100 firms as well as mid-tier firms. Our background includes stints at multibillion-dollar ITO / BPO firms as well as startups.
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