http://cfgcareers.com/massachusetts/risk-management-and-compliance-jobs en
The purpose is to oversee all broker/dealer (B/D), 2 investment advisers and insurance compliance activities including, but not limited to sales, marketing, operations, and customer service to ensure compliance with all State (State Securities and State Insurance Divisions) and Federal (SEC and MSRB) and SRO (FINRA), and Bank (OCC, FDIC, CFPB) regulations as well as CFG/RBS corporate policies and audit programs. Direct the creation and administration of an in-depth compliance plan to protect the B/D and the bank from possible liability stemming from customer dissatisfaction and/or regulatory oversight. 



Direct daily compliance activities of firm with approx. 600+ insurance & securities licensed sales representatives.

Structure, recruit, lead, and retain a department of 20+ compliance professionals.

Direct and monitor the handling of all investment and insurance customer complaints, special investigations of registered representatives, regulatory body inquiries (FINRA, SEC, State Insurance and State Securities Divisions) and the administration of any sanctions imposed against representatives.

Direct and monitor all interactions with Federal and State regulators including, but not limited to correspondence with said entities and in person audits conducted at the B/D.

Direct and monitor the B/D audit program which is responsible for examining all bank branches, registered representatives and home office units such as operations, brokerage, finance, marketing, product development and the phone bank.

Direct and monitor the licensing process for B/D representatives including the processing of applications, assisting reps in maintaining their licenses and completing the terminations of all licenses and registrations.

Direct and monitor all B/D compliance training activities including the creation and dissemination of written supervisory policies and procedures, new agent training classes, and FINRA/state insurance continuing education requirements.

Direct and monitor the review and approval of all advertising and sales material created by registered representatives and Marketing Departments.

Act as a resource for field, home office operating units and senior management with respect to all compliance related matters.

Must maintain close working knowledge and remain up to date with all applicable industry rules and regulations and work directly with senior management in policy making decisions.

Work closely with CFG General Counsel’s office to manage potential regulatory and legal liability


Qualifications

A minimum of 10 years of B/D experience and a law degree preferred. 

An extensive background in brokerage insurance, mutual funds, investment adviser, and general securities matters are required.

Must have held senior compliance management position within the securities industry. 

Must be able to foster strong partnerships with directors of other CCOISC business units. Must demonstrate proven leadership qualities.

Must have experience dealing one on one with regulators such as the NASD, SEC, State Securities and State Insurance Divisions.

Excellent communication skills (both oral and written), as well as strong analytical skills. NASD Series 7, 24, and 63 required.  Series 65 and 53 within 6 months.


Hours and Work Schedule

Hours per Week:   40


Work Schedule:    Monday-Friday 8:00AM-5:00PM
 

Equal Employment Opportunity

It is the policy of CCO Investment Services, Corp. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, genetic information, pregnancy, veteran or military status, marital or domestic partner status, or any other factor protected by federal, state, and/or local laws.

383117]]> Mon, 23 Jan 2012 14:00:00 GMT 2121065-Massachusetts-Corporate
Provide relationship and portfolio management support for loans in Franchise Lending Division.  Conduct due diligence and compliance work prior to loan approval.  Coordinate statement spreading requests and process for group. Order appraisal and environmental reports.  Respond to information requests from customers as well as other bank units.  Maintain Dashboard, FaCT, and other databases and reporting including account officer changes, creation of new borrowers, collapsing borrowers, etc. Work with team to create and maintain credit files in electronic file system.  Coordinate DDA opening with business partners.  Review exception reports to address issues and errors. Work with team to resolve outstanding documentation issues. Obtain loan and DDA statements for lending team and / or customers.   Obtain industry research and debt ratings.  Distribute interest rate reports weekly.  Maintain comps and industry analysis. Complete other duties as assigned.
 

Qualifications

Bachelors Degree preferred.


2-4+ years of successful commercial credit administration experience with a recognized middle market bank or equivalent experience. Knowledge of bank policy, operations, and reporting systems is required. 


Existing knowledge of assigned marketplace is a strong plus.


Advanced administrative skills required. Ability to multi-task in fast paced environment is necessary. Proficiency in PC applications (Word, Excel, Dashboard).


Excellent verbal and written communication skills.
 

Hours and Work Schedule

Hours per Week: 40


Work Schedule: Monday-Friday 8:00AM-5:00PM

Equal Employment Opportunity

It is the policy of RBS Citizens, N.A. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, genetic information, pregnancy, veteran or military status, marital or domestic partner status, or any other factor protected by federal, state, and/or local laws.

382988]]> Sun, 22 Jan 2012 14:00:00 GMT 2117964-Boston-Corporate
The Senior Risk Manager manages all aspects of risk within the business unit, ensuring that risk processes, programs and reports are consistent with corporate direction and policies.  This is accomplished by developing, enhancing and maintaining a proactive and robust risk management program and related initiatives.  The Senior Risk Manager will ensure that risk processes and programs and internal reports are developed, implemented and effectively administered.  Provides regulatory expertise and solutions on complex risk and compliance issues within business unit.  Identifies, assesses, implements and communicates regulatory issuances.  Reviews policies and procedures for adequacy and accuracy.
Manages all aspects of risk within the business unit, ensuring that risk processes, programs and reports are consistent with corporate direction and policies.
Developing, enhancing and maintaining a proactive and robust risk management program and related initiatives.
Ensure that risk processes and programs and internal reports are developed, implemented and effectively administered.
Provides regulatory expertise and solutions on complex risk and compliance issues within business unit.
Identifies, assesses, implements and communicates regulatory issuances.  Reviews policies and procedures for adequacy and accuracy.
Function/Deliverables continued:  Leadership Accountabilities: Business Management & Planning:  Create, implement and delivery of operational plans aligned with the business plans and targets.  Contribute ideas, innovations and insights based on operational and customer needs to the overall business plan, to ensure the right objectives and focus is set in that plan.
Process/Continuous Improvement:  To initiate and support process improvement activity and help to embed a culture of continuous improvement.  To facilitate change through projects.
Customer Service:  To champion strong customer service attitudes and values.
Risk Management:  Identify and manage the risk, minimizing the outcome and escalating where appropriate.  Ensure processes operate as designed.  Key indicators in place to ensure reliable, predictable and stable environment.
Stakeholder Management: Develop and maintain effective working relationships with peer level stakeholders across the business so that these contribute both to the effective operation of the business unit as well as the development of the unit business plan.
Managing Change:  Proactively identify opportunities for change which will add value to the achievement of business objectives and enhance the customer experience.  Ensure robust structures are in place to deliver, monitor and review change initiatives.
Team Leadership:  Develop, plan and implement activities that will enable a highly motivated and highly performing team to deliver team objectives.  Fostering an environment of cooperation and change.
Recruitment & Induction:  Design and recommend resourcing strategy, to identify recruitment requirements.  Oversee the new hire orientation process for new team members.
Team Development:  Create, plan and implement activities that will support the development of team members.
Performance management:



Ensure team meets agreed service levels

Coach and develop staff

Review performance to ensure team members meet their specific objectives and that they have the right knowledge, skills and behaviors. Conducts performance reviews and acts upon development needs where appropriate. Ensures that direct reports have clear objectives and targets linked to business objectives and appropriate behaviors (“what” is expected and “how” they are expected to achieve objectives).




 

Qualifications

Advanced analytical skills


Excellent writing, verbal and communication skills


Advanced knowledge of MS Word


Advanced knowledge of MS Excel/PowerPoint


In-depth knowledge of regulatory compliance requirements and risk management principles.


Excellent interpersonal skills


In depth knowledge of financial services industry


In depth knowledge of regulatory compliance requirements and risk management principles.


Proven leadership and management skills


Bachelor Degree required, Master’s Degree preferred


10 + years, Analytical, Compliance, Risk, Management, leadership or related experience including leadership in financial services industry
 

Hours and Work Schedule

Hours per Week:   40


Work Schedule:    Monday-Friday 8:00AM-5:00PM
 

Equal Employment Opportunity

It is the policy of RBS Citizens, N.A. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, genetic information, pregnancy, veteran or military status, marital or domestic partner status, or any other factor protected by federal, state, and/or local laws.

382855]]> Wed, 11 Jan 2012 14:00:00 GMT 2092342-Boston-Corporate
The Corporate Ethics Officer is responsible for developing and implementing the strategy for the promotion, enhancement and oversight of the Citizens Financial Group, Inc., Corporate Ethics Program.  The individual promotes an organizational culture that encourages ethical conduct and a commitment to compliance with applicable laws and regulations, as well as company policies and procedures.   The individual monitors and measures CFG’s Corporate Ethics Program in line with company policy and relevant regulatory guidance, and makes necessary changes to the program in order to ensure compliance. 
 
He/she is also responsible for managing a large vendor relationship for the Control Room.  Additionally, the incumbent leads the implementation of large projects within CFG for various senior-level stakeholders within RBS, including the Personal Trade Assistant (PTA) system project, outsourcing the whistleblower hotline and the required controls, testing and training for new Group-wide policies like the Anti-Bribery and Corruption (ABC) Policy Standard.   
 
Key responsibilities include:
 



Leads CFG’s Ethics Office by building strong partnerships across the organization, collaborates effectively within the compliance community and with CFG’s business lines, to provide advice and assurance on matters of ethics, integrity, and compliance

Leads and directs the team and monitors the processes for allegations regarding the Code of Business Conduct and Ethics.  Maintains oversight of investigations that come in through the Ethics Office; ensure all issues are promptly addressed and resolved; and oversee the data tracking process for these issues

Serve as CFG’s Divisional Anti-Bribery Compliance Officer (DABCO), representsCFG at regional Risk Committees and Group level ABC forums, fields related inquiries, resolves questions and policy issues, and escalate ABC matters as appropriate

Uses independent judgment to advise colleagues and interpret the Code, including the applicability of the Code in specific situations, such as for gifts/hospitality.  Also coordinates closely with management and HR to ensure that the company’s prohibition against retaliation for reporting an allegation of the Code is strictly enforced

Oversees the Control Room functions, including managing the Personal Trade Assistant (PTA)  system, answering colleague questions, communicating with brokerage firms, and identifying violations of policy regarding prohibited trading

Oversees the Foreign Corrupt Practices Act Compliance Program, which consists of developing and delivery of colleague training, monitoring current vendor contracts for compliance, and performing due diligence during M&A and when procuring foreign contractor relationships

Develops information reporting  for senior management and the Board of Directors detailing key program metrics

Manages and leads team members, performing employee development duties such as career training and coaching, performance reviews.

Coordinates the annual campaigns for the corporate ethics training and certification process; and the Conflict of Interest Survey

Implements and administers Group and local policy standards that are owned by the Ethics Office.  Assist with change management, strategic planning, budgeting, and other activities in conjunction with senior management team.

Manages processes to support the Executive-level Ethics Oversight Committee

 

Qualifications

Strong leadership, communication, and collaboration skills, including the ability to work effectively with others at all levels across the organization, includingsupporting functions such as HR, Legal, Audit and Corporate Security.  Must be comfortable with making judgment calls in relation to the Code of Ethics

10+ years of previous business and compliance experience with progressively more responsibility and exposure to senior and executive level management, including 8+ years experience in ethics and/or traditional corporate compliance functions

Familiarity with Ethics-related legislation, such as the United States Sentencing Guidelines, the Sarbanes-Oxley Act, the Foreign Corrupt Practices Act, the Federal Bank Bribery Law, Regulation O, the UK Anti-Bribery Act, related case law and best practices.  Practical experience with risk management concepts in the financial services industry

Understanding of attorney-client privilege, investigative and interview skills, and the ability to manage controversy without bias and to all parties.  Ability to quickly assimilate information relating to complex issues, maintain poise, demonstrate political savvy in dealing with sensitive investigations

Working knowledge of Control Room functions, with an understanding of securities laws and insider trading, information barriers and Chinese Walls, and material non-public information

Tact, diplomacy, and the ability to use discretion when making decisions, be creative and innovative in problem solving, and exercise good judgment

Demonstrated ability to multi-task, work independently and in team settings, and deliver results

 

Hours and Work Schedule

Hours per Week:   40


Work Schedule:    Monday-Friday 8:00AM-5:00PM
 

Equal Employment Opportunity

It is the policy of RBS Citizens, N.A. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, genetic information, pregnancy, veteran or military status, marital or domestic partner status, or any other factor protected by federal, state, and/or local laws.

382674]]> Tue, 10 Jan 2012 14:00:00 GMT 2089494-Boston-Risk-Management-and-Compliance
Investigate complex cases of both potential money laundering/terrorist financing crimes and BSA/AML violations throughout the entire CFG footprint utilizing an internal AML application, referrals from business lines, and open source intelligence such as negative media, internet research, information from peer banks, and information from law enforcement. Conduct due diligence inquiries on individuals, firms and organizations suspected of money laundering crimes or AML/BSA violations.  Research and understand money laundering trends and scenarios in order to apply that intelligence to observed activity in customer accounts and evaluate effectively. Interact with Retail and other business unit managers across CFG.  Prepare and file Suspicious Activity Reports as required by BSA Regulations.  Make recommendations for improving the efficiency and effectiveness of department processes and procedures, including the automated AML solution. Interact with and provide supporting documentation and information to law enforcement representatives, including IRS-CI, Secret Service, Homeland Security, ICE, and the FBI as requested.
 

Qualifications

Bachelor's degree required.


5+ years financial services, branch operations, deposit operations, regulatory and/or investigative experience.


Proven AML subject matter expertise


Excellent written and oral communication skills a must


Strong investigative and research skills a must


Proven knowledge of retail banking, lending and bank operations processes


Proven ability to multi-task and function effectively in a fast-paced environment


Demonstrated understanding of the importance of maintaining confidentiality of suspect/account investigation and associated SAR reporting.


Demonstrated ability to function as part of a team


Excellent oral and written communication skills.


Demonstrated analytical skills, including familiarity with PCs and the internet.


Self-starter with demonstrated ability to work alone and as a member of the team.


Writing sample required.


CAMS certification desired


Advanced degree in an applicable field desired
 

Hours and Work Schedule

Hours per Week:   40


Work Schedule:    Monday-Friday 8:00AM-5:00PM
 

Equal Employment Opportunity

It is the policy of RBS Citizens, N.A. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, genetic information, pregnancy, veteran or military status, marital or domestic partner status, or any other factor protected by federal, state, and/or local laws.
377153]]> Thu, 05 Jan 2012 14:00:00 GMT 1609096-Massachusetts-Corporate
Citizens Financial Group, Inc. seeks a Quantitative Analyst, Model Validation for its Boston, MA location.
 Duties: Perform validation of quantitative financial models using algorithms, regression and multivariate regression analysis, time series analysis, value-at-risk modeling, stochastic modeling, optimization, cross validation, and computational model/variable selection techniques using SQL, SAS, Matlab, Eviews, S+, R and MS Access. Apply programming to perform data analysis, risk modeling and forecasting. Review and validate scenarios for complex analysis using techniques such as Monte Carlo simulation, Principal Component Analysis, and non-linear programming. Review and validate existing quantitative methodologies used to price financial products such as deposit, loan, and interest rate products. Apply statistical theory testing, model testing and model validation, including validation of term structure and yield curve forecast, interest rate risk measurement, and pricing strategy, to advise internal departments and business units on quantitative methodology issues regarding database information, statistical analysis and quantitative modeling techniques for customized bank production processes. 
 

Qualifications

Must have Master’s degree in Statistics, Quantitative Finance or closely related, plus two (2) years of experience in position offered or related quantitative modeling position.  Full term of experience must include applying quantitative modeling techniques in customized bank production processes; utilizing SQL, SAS, Matlab, Eviews, S+, R, and MS Access to perform data analysis, risk modeling and forecasting; and applying statistical techniques, including algorithms, regression and multivariate regression analysis, time series analysis, value-at-risk modeling, stochastic modeling, optimization, and Monte Carlo simulations. 
 

Other Information

Direct applicants only

Equal Employment Opportunity

It is the policy of RBS Citizens, N.A. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, genetic information, pregnancy, veteran or military status, marital or domestic partner status, or any other factor protected by federal, state, and/or local laws.

382468]]> Wed, 04 Jan 2012 14:00:00 GMT 2076523-Boston-Risk-Management-and-Compliance
This role is responsible for analyzing and solving complex operational, systems-related and/or customer issues.  Creates and/or maintains databases and management reports, interpreting data and identifying trends. May also include the reporting of productivity, quality, and other ad hoc requirements in an accurate and timely manner.  This position requires the application of various complex methods, procedures, and knowledge of the business unit’s product(s) and system application(s). 

This role performs routine, complex analytical review of data and/or documentation which may include customer data and/or review for fraud/risk activities and/or perform moderately complex analysis to identify and resolve process-level issues. May assist in developing and implementing policies, procedures, and training materials to maximize efficiency and customer service. May manage projects requiring coordination with other teams, process improvement projects and may perform other such duties as assigned including trouble shooting operational issues.

May serve as subject matter experts with vendor relationships and serve as business unit liaison with other departments. May serve as point person for more junior team members.  Collect, review and analyze data and/or documentation to ensure compliance with department SLAs, policies, procedures, and/or regulatory and risk requirements. Maintain/create accurate and timely reports and/or documentation with minimal supervision. May perform ad hoc analysis and reporting and collaborate with Management and/or project team stakeholders.  Utilize department specific system applications.
 

Qualifications

Excellent organization skills


Excellent ability to multi-task


Excellent customer service skills


Advanced MS Excel


Strong knowledge of department computer applications and systems


Excellent time management skills


Excellent written and verbal skills


Excellent interpersonal skills


Advanced analytical skills


Solid interpersonal skills


Capacity to work independently


Associate Degree required, Bachelors Degree preferred


5+ years, Professional experience in analysis or equivalent, financial services industry or business line experience.
 

Hours and Work Schedule

Hours per Week:   40


Work Schedule:    Monday-Friday 8:00AM-5:00PM
 

Equal Employment Opportunity

It is the policy of RBS Citizens, N.A. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, genetic information, pregnancy, veteran or military status, marital or domestic partner status, or any other factor protected by federal, state, and/or local laws.

382617]]> Tue, 27 Dec 2011 14:00:00 GMT 2062372-Dedham-Risk-Management-and-Compliance
Citizens Financial Group, Inc. seeks a VP, Senior Manager–Quantitative Analysis, Riskfor its Boston, MA location.
Duties: Serve as a departmental leader with regard to development and execution of all aspects of quantitative and econometric credit risk modeling.  Work with stakeholders throughout the Bank to ensure that model inputs and outputs are appropriate for their purpose. Support the creation of empirical solutions to quantitative problems within multiple financial areas of the bank. Manage the development of expected loss models and quantitative credit risk models for consumer, business banking, and commercial portfolios within the Credit Risk Analytics department. Ensure retail and wholesale quantitative credit risk models are compliant with regulatory and accounting requirements and provide credible management information to support business decisions. Optimize statistical, mathematical, and other predictive models utilizing econometric regression analysis, statistics and statistical software such as SAS or Stata in order to advance projects and initiatives. Integrate accounting criteria, including FAS 5 and FAS 114, and regulatory criteria, including Basel II, to develop quantitative risk models which drive decision-making and operational efficiencies. Produce and present all aspects of model documentation and economic research to regulators, internal and external auditors, validation teams, and RBS model testing staff to demonstrate accuracy and compliance with regulatory and accounting stipulations as well as with RBS Group modeling standards. Collaborate with Department’s senior staff to determine appropriate econometric techniques, documentation requirements, presentation approaches, and quality assurance strategies to validate credit risk models. Lead internal peer review and training sessions of colleagues to ensure internal quality control and engagement.  
 

Qualifications

Must have Bachelor’s degree in Economics, Finance or related, followed by five (5) years of progressive experience in the position offered or related quantitative modeling position.  Full term of experience must include performing quantitative and econometric modeling and economic research for banking products; presenting related results; and utilizing econometric regression analysis, statistics and statistical software such as SAS or Stata. At least 1 year of required experience must include managing credit risk modeling projects. 
 

Other Information

Direct applicants only.

Equal Employment Opportunity

It is the policy of RBS Citizens, N.A. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, genetic information, pregnancy, veteran or military status, marital or domestic partner status, or any other factor protected by federal, state, and/or local laws.

382418]]> Mon, 19 Dec 2011 14:00:00 GMT 2047114-Boston-Risk-Management-and-Compliance
Responsible for validate all aspects of models including retail or wholesale credit risk models, underwriting scorecards, liquidity and operational models, valuation and pricing models, and customer and marketing segmentation models. Models are critical tools to make strategic decisions, to underwrite credit, to measure and control credit, market, liquidity, and operational risk, to value exposures, instruments, and positions. Models and scorecards are created and validated using rigorous statistical methodology.
 The incumbent must be able to fully analyze and critique models, understand their application, conduct necessary sensitivity analysis, backtesting, and benchmark studies, independently report findings and defend the model strengths/weaknesses.  The incumbent must be able to understand and handle the qualitative and quantitative data process and data mapping, to document the internal and external data sources, and to report data deficiencies.  
 The incumbent must possess both strong quantitative technical skills and banking practice experience.  And will communicate with Senior Management as well as RBS, Regulators and Internal/External Auditors.
 

Qualifications

Minimum 7 years of work experience within a financial institution;

PhD preferred, Strong understanding of Credit, Market, liquidity and Operational risk models, valuation and pricing models, VaR, PFE, and CVA simulations, and quantitative techniques;

Knowledgeable about Basel II A-IRB requirements and approaches;

Strong knowledge of banking products and practices;

Understanding of modeling tools (e.g. SAS, Excel, Matlab, Visual Basic. Also familiarity with external data sources such as SNL, KMV and other Econometric data;

Strong written and oral communication skills;

Develop reporting suite to communicate findings and monitor activity

Benchmark validation practices with internal and external sources

Interact with CFG model design group, RBS model oversight groups and resolve issues, as appropriate

Work with Regulators, internal Audit and external auditors

Ability to adapt to changing priorities

 

Hours and Work Schedule

Hours per Week:   40


Work Schedule:    Monday-Friday 8:00AM-5:00PM
 

Equal Employment Opportunity

It is the policy of RBS Citizens, N.A. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, genetic information, pregnancy, veteran or military status, marital or domestic partner status, or any other factor protected by federal, state, and/or local laws.

382350]]> Wed, 14 Dec 2011 14:00:00 GMT 2036448-Boston-Risk-Management-and-Compliance
This position manages the model validation process across the CFG franchise. Models are critical tools to make strategic decisions, to underwrite credit, to measure and control credit, market, liquidity, and operational risk, to value exposures, instruments, and positions. Models and scorecards are created and validated using rigorous statistical methodology. The Director of Model validation must be able to fully analyze and critique models, understand their application, independently report findings and defend the model strengths/weaknesses. The Director must possess both strong quantitative technical skills and banking practice experiences.  The Director must manage and develop a staff of quantitative analysts who will perform necessary testing. Good communication skills are also required to address the various parties who rely on this work.  The Director will communicate with Senior Management as well as RBS, Regulators and External Auditors.
 
 

Qualifications

Minimum 10-15 years of work experience within a financial institution;

PhD preferred, Strong understanding of Credit, Market, liquidity and Operational risk models, valuation and pricing models, VaR, PFE, and CVA simulations, and quantitative techniques;

Knowledgeable about Basel II A-IRB requirements and approaches;

Strong knowledge of banking products and practices;

Understanding of modeling tools (e.g. SAS, Excel, Matlab, Visual Basic. Also familiarity with external data sources such as SNL, KMV and other Econometric data;

Strong written and oral communication skills;

Direct quantitative analysis of models and scorecards to properly validate appropriateness and application

Provide program and project management expertise

Recruit and develop quantitative analysts

Develop reporting suite to communicate findings and monitor activity

Benchmark validation practices with internal and external sources

Interact with CFG model design group, RBS model oversight groups and resolve issues, as appropriate

Work with Regulators, internal Audit and external auditors

Ability to adapt to changing priorities

 

Hours and Work Schedule

Hours per Week:   40


Work Schedule:    Monday-Friday 8:00AM-5:00PM
 

Equal Employment Opportunity

It is the policy of RBS Citizens, N.A. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, genetic information, pregnancy, veteran or military status, marital or domestic partner status, or any other factor protected by federal, state, and/or local laws.

382351]]> Wed, 14 Dec 2011 14:00:00 GMT 2036440-Boston-Risk-Management-and-Compliance
Function/Deliverables:  


1. Participate in development and execution of credit Economic Capital models for the Bank’s lending portfolio.
• Analyze correlations, concentrations, and rating migrations
• Working in partnership with and providing support to other members of the Portfolio Analytics team, other functional teams, and external entities such as Treasury and business lines
 2. Support the development of sector/industry risk assessment methodologies and quantitative measurement techniques for credit risk exposures and structured products;
• Develop credit risk simulation models, build pricing methodologies to be applied to wholesale exposure, retail exposures and structured assets
• Evaluates portfolio credit exposure and data trends for CFG’s Wholesale and Retail portfolios
• Maintain large data sets using advance statistical/modeling tools, i.e. SAS, R, Stata
• Working with appropriate parties to resolve or remediate data quality issues.
• Partner with other team members in developing valuation and credit specific models
• Contribute to implementation of quantitative models for forecasting, stress testing and scenario analysis
• Maintain, review, and adhere to organization’s credit policy; verifying the integrity of the underlying data; constant monitoring and validation of the underlying theories and methodologies
• Support implementation of third party vendor solution tools for credit risk
• Prepare ad-hoc risk quantification projects at the request of management
• Participate in peer review sessions and maintain awareness of new advances in credit risk modeling techniques to ensure the application of best practices to CFG credit risk models
• Assure quality and leading-edge nature of work by helping to solve problems faced by others.
 

Qualifications

Required: Master’s Degree in Statistics, Economics, Mathematics


Preferred: Ph.D. Degree in a quantitative field
5-6 years of experience in financial modeling and analytics.
• Modeling/analytical internship experience with commercial banks or financial institutions.
• High interest in business and banking and with commercial banks’ products, operations and credit processes.
• Background and knowledge of the Basel rules and regulations
• Understanding of compliance and implications of Basel, FDIC, Federal Reserve regulatory frameworks as well as U.S. and International accounting standards.
• Strong knowledge of financial, mathematical, and statistical theory and practice. Particularly knowledge of option valuation, portfolio theory, stochastic processes and time series analysis. Ability to translate research into usable, value-added tools and information.
• Knowledge of vended tools such as KMV Portfolio Manager, Risk Frontier, Risk Metrics, BondStudio, QRM is a plus
• Good understanding of credit risk models and tools,
• Strong knowledge of statistical software packages; previous experience in data mining
• Demonstrated experience / expertise in problem solving are required.
• Extensive understanding of relational databases and ability to effectively utilize statistical software – SAS, Stata, and R.
• Advanced programming knowledge in C, C++ or Excel VBA is helpful.  Knowledge of Matlab, Splus and relational databases are a strong plus
• Very good communication (both verbal and written) skills
• Motivated and able to work independently and in a team environment.
• Positive attitude and demonstrates initiative and persistence.
• Good listening and interpersonal skills.
• Should possess unquestionable honesty and integrity, and intellectual curiosity.
 

Hours and Work Schedule

Hours per Week:   40


Work Schedule:    Monday-Friday 8:00AM-5:00PM
 
 

Equal Employment Opportunity

It is the policy of RBS Citizens, N.A. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, genetic information, pregnancy, veteran or military status, marital or domestic partner status, or any other factor protected by federal, state, and/or local laws.

381509]]> Mon, 07 Nov 2011 14:00:00 GMT 1919443-Boston-Corporate