Model Risk Analyst

1 month ago


delhi, India Vervent Full time

Overview:

- The Model Risk Analyst will complete ad hoc analyses to drive business decisions and create reporting to demonstrate portfolio performance.
- The Model Risk Analyst will be responsible for supporting the Risk department in the regular review of model performance and population stability.
- The Model Risk Analyst will assist in the completion of existing model review procedures and the implementation of new reports and procedures related to model governance.

Primary Responsibilities:

- Ensure timely and accurate completion of all tasks and reporting.
- Proactively communicate status or issues impacting timeliness of reporting and/or task completion.
- Present findings and suggestions from analyses to various levels of management.
- Work with model risk management team to pull data for compliance audits.
- Support the model governance review process.
- Cross-train to other Risk functions (similar in responsibility) to ensure redundancy within the Risk team.
- Perform additional duties and responsibilities as required.

Position Requirements:

Degree in Business Intelligence/Analytics, Finance, Mathematics, Statistics or equivalent work experience is preferred.

- 3-5 years of job-related experience in a credit card/financial services environment is preferred.
- Strong knowledge of the credit card issuing business required.
- Excellent verbal and written communication skills.
- Strong analytical and problem-solving skills are required.
- Proficient knowledge of standard office equipment including PC skills with emphasis using Microsoft products.
- Experience with T-SQL, and Reporting Platforms.
- Familiarity with a statistical modeling software such as R, SAS, or Python.
- Ability to organize and prioritize work to meet deadlines.
- Flexibility to adapt to changing environments.
- Sound decision making ability.

Soft Skills:

- Excellent verbal and written communication skills.
- Ability to operate well under pressure.
- Flexibility to adapt to changing environments.
- Sound decision making ability.

Company Overview

As a fintech leader, Vervent sets the global standard for outperformance by delivering superior expertise, future-built technology, and meaningful services. We support our industry-leading partners with primary strategic services and our goal is to empower companies to accelerate business, drive compliance, and maximize service.

Founded in 1986, purchased by current CEO, David Johnson, in 2008 Privately owned by Stone Point Capital, Vervent Management and other passive investors.

Lines of Business:

- Primary Servicing – Loan, Credit Card & Lease
- Capital Markets Services – Backup Servicing, Verifications,
- Collateral Management, Structured Settlements, etc.
- Credit Card Programs – within the Vervent Card Division we offer a) Captive Credit Card Programs (secured and unsecured) b) Managed Card Services

Global Service Operations supports all divisions to facilitate servicing and card program management Clients include consumer and small business “marketplace” lenders, finance companies, leasing companies, insurance companies, captive finance companies, alternative capital providers, consumers and banks Vervent services ~$150 billion in assets as a primary and backup servicer. It also manages ~1 million consumer credit cards.

Locations: San Diego, Baja, Portland, Sioux Falls, Philippines, India


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