JOE - December 2013

Federal Reserve Bank of Chicago
Supervision and Regulation
Wholesale Credit Risk Center
Senior Credit Modeler
Position Title/Short Description
Title: Senior Credit Modeler
Section: 5 -- Full-Time Nonacademic
Location: Chicago, IL, USA
JEL Classification: 00 -- Default: Any Field
Keywords: Credit Risk Modeling, Risk Modeling
Deadline Date: 12/31/2013

JOE ID Number: 201312_400054

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Full Text of JOE Listing:
Job Summary
This role is expected to be a leader in two activities that are critical to the success of the Wholesale Credit Risk Center (WCRC). The first activity is the development and implementation of supervisory models for the wholesale credit portfolio for the Dodd Frank Act (DFAST) and Comprehensive Capital Assessment Review (CCAR) stress testing exercises. In these stress testing exercises, the Federal Reserve provides an independent view on projected wholesale credit losses for a stressful scenario for the large bank holding companies (BHCs). The second activity is developing credit portfolio analytics based on the loan level data provided by the large BHCs for supervisory stress testing. Staff of the WCRC form the core of the System team that develops and implements the loss models for commercial real estate and corporate lending, which together make up wholesale lending.

Department Overview
Supervision and Regulation plays a critical role in the Bank's core mission, supervising regulating state chartered banks that are members of the Federal Reserve System, bank holding companies and financial holding companies.

Within the Supervision and Regulation Department the Wholesale Credit Risk Center is responsible for collecting and analyzing portfolio risk data, providing a horizontal perspective of wholesale credit risk management practices and supporting supervision of capital adequacy and stress testing for wholesale credit exposures.

Essential Duties:
-- Developing and implementing supervisory models around wholesale credit
-- Supporting Federal Reserve System initiatives related to Dodd Frank Act (DFAST) and Comprehensive Capital Assessment Review (CCAR) stress testing exercises
-- Developing credit portfolio analytics for large bank holding companies

Education & Experience:
-- Bachelor's degree or equivalent experience as noted below (Master's Degree in a quantitative field strongly preferred)
-- PhD or post masters course work in quantitative modeling or statistical analysis fields beneficial
-- 10-15 years direct examination or risk management experience without a PhD or 5-7 years experience with a PhD

Knowledge & Skills:
-- Significant Knowledge of Modeling
-- Proven analytical thought processes and ability
-- Ability to work collaboratively within and across work teams
-- Strong oral and written communication abilities
-- Ability to develop sound recommendations for action based on analysis of complex data and information

Other Requirements:
-- Applicants must be U.S. Citizens or permanent residents with the intent to become U.S. Citizens
-- Up to %25 travel is required
Application Instructions:

Please apply at

Online Application URL:

Note: This employer requires online Application.
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