ASSOCIATE DIRECTOR OF MODELLING AND STRESS TESTING - REMOTE
Company: UnitedHealth Group
Location: Dallas
Posted on: October 30, 2024
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Job Description:
Optum is a global organization that delivers care, aided by
technology to help millions of people live healthier lives. The
work you do with our team will directly improve health outcomes by
connecting people with the care, pharmacy benefits, data and
resources they need to feel their best. Here, you will find a
culture guided by diversity and inclusion, talented peers,
comprehensive benefits and career development opportunities. Come
make an impact on the communities we serve as you help us advance
health equity on a global scale. Join us to start Caring.
Connecting. Growing together.Associate Director of Modelling and
Stress Testing will manage Optum Bank's development of credit loss
forecasting and other similar models for both wholesale and retail
loss forecasting. Responsibilities include overseeing the CECL
stress testing, capital adequacy assessment and related model
suites including development and maintenance of the models, the
model technical documentation, ongoing model performance
monitoring.You'll enjoy the flexibility to work remotely * from
anywhere within the U.S. as you take on some tough
challenges.Primary Responsibilities:Define and set strategies to
lead the planning and execution of the Bank's credit risk modeling
programsLead the design, implementation, and recalibration of
models to support the Current Expected Credit Losses (CECL) and
Capital Adequacy Ratio processes, ensuring compliance with
regulatory requirementsDevelop quantitative modeling other than
CECL, such as loss forecasting, predictive risk rating models,
stress testing, and profitability analysisWork with Bank's
leadership to plan and deliver updates/strategy to Management and
Board of Directors Risk Committees and to the FDIC/UDFIPrepare
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 auditorsDevelop and maintain
of comprehensive risk reporting suite in support of management and
committee oversight of existing and emerging risksSupport external
and internal audit and model risk management inquiries and
supporting documentationYou'll be rewarded and recognized for your
performance in an environment that will challenge you and give you
clear direction on what it takes to succeed in your role as well as
provide development for other roles you may be interested
in.Required Qualifications:Master's in Quantitative Finance,
Mathematics, Statistics, Economics, Finance, or a related field
with a focus on financial modeling6+ years in developing and
implementing quantitative models, CECL, and internal credit ratings
within a financial institution or relevant industry4+ years of
programming experience in high-level programming languages such as
Python, with experience in data manipulation and analysisPreferred
Qualifications:Ph.D. in Quantitative Finance, Mathematics,
Statistics, Economics, Finance, or a related field with a focus on
financial modeling8+ years of model development/risk analytics
experienceCECL model development, implementation, or execution
experience for Commercial Real Estate (CRE) and consumer lending
portfoliosIn-depth knowledge of statistical modeling techniques,
econometrics, time-series analysis, and risk management
principlesSolid knowledge of credit risk principles which inform
credit loss forecastingIn-depth knowledge of risk frameworks,
including risk governance; risk strategy; risk appetite; process,
risk and control analysis; control effectiveness measurement; risk
management coverage planProven ability to work in a fast-paced
environment, manage competing priorities and to collaborate across
the organization is essentialProven ability to quickly summarize
and communicate topics to a non-technical audience including,
addressing senior management-level audiences and committeesProven
attention to detail and ensure data accuracy, reconciling and
loading data*All employees working remotely will be required to
adhere to UnitedHealth Group's Telecommuter PolicyCalifornia,
Colorado, Connecticut, Hawaii, Nevada, New Jersey, New York, Rhode
Island, Washington, or Washington, D.C. Residents Only: The salary
range for this role is $104,700 to $190,400 annually. Pay is based
on several factors including but not limited to local labor
markets, education, work experience, certifications, etc.
UnitedHealth Group complies with all minimum wage laws as
applicable. In addition to your salary, UnitedHealth Group offers
benefits such as, 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.Application
Deadline: This will be posted for a minimum of 2 business days or
until a sufficient candidate pool has been collected. Job posting
may come down early due to volume of applicants.At UnitedHealth
Group, our mission is to help people live healthier lives and make
the health system work better for everyone. We believe everyone-of
every race, gender, sexuality, age, location and income-deserves
the opportunity to live their healthiest life. Today, however,
there are still far too many barriers to good health which are
disproportionately experienced by people of color, historically
marginalized groups and those with lower incomes. We are committed
to mitigating our impact on the environment and enabling and
delivering equitable care that addresses health disparities and
improves health outcomes - an enterprise priority reflected in our
mission.Diversity creates a healthier atmosphere: UnitedHealth
Group is an Equal Employment Opportunity/Affirmative Action
employer and all qualified applicants will receive consideration
for employment without regard to race, color, religion, sex, age,
national origin, protected veteran status, disability status,
sexual orientation, gender identity or expression, marital status,
genetic information, or any other characteristic protected by
law.UnitedHealth Group is a drug - free workplace. Candidates are
required to pass a drug test before beginning employment.
Keywords: UnitedHealth Group, DeSoto , ASSOCIATE DIRECTOR OF MODELLING AND STRESS TESTING - REMOTE, Accounting, Auditing , Dallas, Texas
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