Senior Quantitative Modeler

2 weeks ago

Houston, Texas, United States UnitedHealth Group Full time

At UnitedHealth Group, we're committed to helping people live healthier lives and making the health system work better for everyone.

The role of Associate Director of Modelling and Stress Testing is a critical part of our mission, as you'll be responsible for managing the development of credit loss forecasting and other similar models for both wholesale and retail loss forecasting.

Key responsibilities include overseeing the CECL stress testing, capital adequacy assessment, and related model suites, including development and maintenance of the models, technical documentation, and ongoing model performance monitoring.

You'll have the flexibility to work remotely from anywhere within the U.S. as you take on some tough challenges.

Key Responsibilities:

  • Define and set strategies to lead the planning and execution of the Bank's credit risk modeling programs
  • Lead the design, implementation, and recalibration of models to support the Current Expected Credit Losses (CECL) and Capital Adequacy Ratio processes, ensuring compliance with regulatory requirements
  • Develop quantitative modeling other than CECL, such as loss forecasting, predictive risk rating models, stress testing, and profitability analysis
  • Work with Bank's leadership to plan and deliver updates/strategy to Management and Board of Directors Risk Committees and to the FDIC/UDFI
  • Prepare reporting and forecast for credit risk stress testing and Current Expected Credit Losses (CECL)
  • Maintain CECL documentation to ensure that such documentation is available upon request by management, regulators, and internal and external auditors
  • Develop and maintain of comprehensive risk reporting suite in support of management and committee oversight of existing and emerging risks
  • Support external and internal audit and model risk management inquiries and supporting documentation

Requirements:

  • Master's in Quantitative Finance, Mathematics, Statistics, Economics, Finance, or a related field with a focus on financial modeling
  • 6+ years in developing and implementing quantitative models, CECL, and internal credit ratings within a financial institution or relevant industry
  • 4+ years of programming experience in high-level programming languages such as Python, with experience in data manipulation and analysis

Preferred Qualifications:

  • Ph.D. in Quantitative Finance, Mathematics, Statistics, Economics, Finance, or a related field with a focus on financial modeling
  • 8+ years of model development/risk analytics experience
  • CECL model development, implementation, or execution experience for Commercial Real Estate (CRE) and consumer lending portfolios
  • In-depth knowledge of statistical modeling techniques, econometrics, time-series analysis, and risk management principles
  • Solid knowledge of credit risk principles which inform credit loss forecasting
  • In-depth knowledge of risk frameworks, including risk governance; risk strategy; risk appetite; process, risk and control analysis; control effectiveness measurement; risk management coverage plan
  • Proven ability to work in a fast-paced environment, manage competing priorities and to collaborate across the organization is essential
  • Proven ability to quickly summarize and communicate topics to a non-technical audience including, addressing senior management-level audiences and committees
  • Proven attention to detail and ensure data accuracy, reconciling and loading data

Benefits:

UnitedHealth Group offers a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements).

No matter where or when you begin a career with UnitedHealth Group, you'll find a far-reaching choice of benefits and incentives.

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