Loss Forecasting Expert
5 days ago
We are seeking a seasoned professional to lead our Loss Forecasting team at Inizio Partners. As Loss Forecasting Expert, you will be responsible for developing and maintaining loss forecasting models for our credit card portfolio.
With 2+ years of experience in loss forecasting and 6+ years overall, you will utilize vintage analysis and roll rate models for forecasting delinquency and charge-off rates. Your strong analytical skills and experience with predictive modeling, scenario analysis, and sensitivity analysis will drive our business forward.
We estimate the salary for this role to be around $120,000 per year, commensurate with your experience.
The ideal candidate will have a Bachelor's or Master's degree in Finance, Statistics, Economics, Mathematics, or a related field. Strong business knowledge and experience in the banking domain, specifically in the credit card business, is essential.
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.
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