- $145,925.00 -170,550.00/year*
Financial Services - Insurance
415 Old Tappan Rd
Add your resume and apply to jobs with your Glassdoor profile. Create Profile. Job. First Data (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company's 22,000 owner-associates are dedicated to helping companies, from start-ups to the world's largest corporations, conduct commerce every day by securing and processing more than 3,000 transactions per second and $2.4 trillion per year. To learn more about First Data, visit FirstData.com.. Position Description Overview. First Data is currently looking for a Director Credit/Model Risk Management for our NJ location. We will also consider candidates that want to work at our Varick Street location.. Ourteam works on a wide variety of projects across model and credit strategy development, pricing optimization, and collections strategy using the latest tools & techniques. Along with supporting the credit risk function within the organization, the team also supports the analytical requirements function.. Job responsibilities. The candidate will be responsible for building and leading the Model Validation team and manage interaction with regulators and other bank partners to provide model validation support.. The candidate will also be responsible in leading large analytics projects with a focus in process improvement, as well as understand the gaps in decisions.. Should be able to take complete ownership, including, but not limited to identifying model development approach, building models that meet our top standards, doing evaluation and cost benefit analysis of new vendors, implementation and deployment of models and tracking of credit risk decisions, dynamic model validation.. Job Requirements:. Six or more years related quantitative analysis experience in a discipline relevant to risk management to include statistical analysis, modeling, mathematics or other quantitative discipline.. Experience in developing or validating statistical models preferred.. Risk Management or Fraud experience within a Large Financial Institution environment. Experience leading Credit Risk Analytics teams to quantify risk and create control.. Successful candidate is expected to lead model validation program and model governance efforts. Additionally the candidate will need to interface with regulators/external partners on Model related exams/audits.. Extensive years of experience in modeling or model validation in established financial institutions. Must have extensive experience in financial modelling and/or model validation. Hands-on experience of statistical or econometric modeling is essential.. Experience utilizing strong verbal, written and interpersonal communication skills to build relationships, communicate complex concepts simply and concisely, and influence senior leadership.. Advanced degree in a quantitative discipline, e.g. Mathematics, Physics, Engineering, and Finance. Masters or PhD is highly preferred.. Requires to communicate effectively with business partners and to present complex topics to a diverse range of audiences.. Excellent programming skills in a data science language (R or Python).. Solid understanding of statistical concepts and machine learning e.g. hypothesis testing, regression, clustering, etc. SQL expertise, MySQL, Microsoft SQL, PostgreSQL, etc.. Base SAS and SAS Enterprise Miner certifications are desirable.. Strong problem-solving skills, comfortable with ambiguity and imperfect data.. First Data is an Affirmative Action - Equal Opportunity. Employer (Minorities/Females/Vets/Disabled/LGBT). First Data provides equal opportunities to all employees and applicants for employment without regard to sex, race, color, religion, marital status, national origin, age, genetic information, sexual orientation, gender (including gender identity/expression), disability, veteran status and military status, pregnancy or pregnancy-related medical conditions, or any other factor that may be protected by law.
Associated topics: actuarial, actuarial assistant, actuarial consultant, actuarial director, assistant actuary, investment actuary, mathmatics, model, retirement actuary, statistics
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.
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