- New York, NY, USA
- Permanent, Full time
Associate – Risk and Finance Analytics
Location: New York, NY, USARole and Responsibilities:
This posting is for a position within Risk and Finance Analytics (RAFA), a business unit within ERS. The successful candidate will work alongside other consultants and product managers under the guidance of Engagement Managers to solve regulatory and business challenges faced by today's financial institutions. Generally, engagements involve the development, customization, and implementation of credit risk management and financial accounting solutions. Examples of analysis include forecasting defaults and recoveries, calculating expected credit loss, stress testing, internal risk rating quantification, and conducting other types of credit and finance-related analysis, often utilizing large datasets and Moody's software products. Ideal candidates for this role will be able to conduct research projects with limited oversight, have excellent organizational skills, be detail oriented, and possess strong quantitative abilities.
This position is a client-facing role, focused on creating solutions for clients' business needs relative to the development, customization, and implementation of risk and finance solutions. Associates have the opportunity to become highly proficient at quantifying risk in portfolios of commercial banks and other financial institutions. Examples of analysis include forecasting defaults and recoveries, calculating expected credit loss, stress testing, internal risk rating quantification, and conducting other types of finance-related analysis, often utilizing large datasets and Moody's software products. The successful candidate will possess the ability to break down their analysis into detailed steps and explain and defend the process used to arrive at their results.
Represent RAFA client engagements include risk rating enhancement, allowance quantification (CECL/IFRS 9), PD/LGD/EAD modeling, CCAR/DFAST stress testing, Basel II/III implementation, and economic capital analysis, risk-based pricing, and general credit and finance related advisory services. RAFA consultants work closely with colleagues from across Moody's Analytics.
This position may be filled in either our New York City or San Francisco offices, depending on various factors including the preferences of the successful candidate. Travel requirements are generally around 20% to 40%, but the actual frequency may vary depending on client needs.
Moody's Analytics and Enterprise Risk Solutions
Moody's Analytics, a wholly owned subsidiary of Moody's Corporation, offers leading-edge software, advisory services, and research to help its clients better understand and manage financial risk. It is a fast-growing organization that has come to be recognized by a global list of clients as a thought leader in the areas it serves. Enterprise Risk Solutions (ERS), a division of Moody's Analytics, develops solutions for financial institutions, large companies, and governments seeking to implement best practices in risk measurement and management. We have a need for outstanding individuals with strong analytical ability, excellent communication skills, and an interest in financial consulting and analytics.
• Bachelor's degree in Accounting, Finance, Economics, Statistics, Math, Physics, Engineering, or related field
• Working knowledge of at least one statistical software package such as R, SAS, WPS, MATLAB, etc.
• Proficiency in Microsoft Office Products such as Excel, PowerPoint, Word, etc.
• Track record of working well in team environments and contributing innovative ideas.
• Excellent written and verbal communication skills
• Minimum fluency in English. Working knowledge of Spanish is a plus. Any other language proficiencies are helpful.
The following would be a plus:
• Master's degree
• Experience in Visual Basic, SQL or other similar programming languages
• Work Experience at a commercial bank or management consulting firm
• Professional designations such as CPA, CFA, FRM, and/or PRM
• Knowledge of Moody's RiskCalc, CMM, RiskFrontier, RiskAnalyst, Lending Cloud, and CreditLens
• Experience implementing risk management or allowance software
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $4.2 billion in 2017, employs approximately 11,900 people worldwide and maintains a presence in 41 countries. Further information is available at www.moodys.com.
Moody's is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, gender, age, religion, national origin, citizen status, marital status, physical or mental disability, military or veteran status, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by law. Moody's also provides reasonable accommodation to qualified individuals with disabilities in accordance with applicable laws. If you need to inquire about a reasonable accommodation, or need assistance with completing the application process, please email firstname.lastname@example.org.. This contact information is for accommodation requests only, and cannot be used to inquire about the status of applications.
For San Francisco positions, qualified applicants with criminal histories will be considered for employment consistent with the requirements of the San Francisco Fair Chance Ordinance. For New York City positions, qualified applicants with criminal histories will be considered for employment consistent with the requirements of the New York City Fair Chance Act. For all other applicants, qualified applicants with criminal histories will be considered for employment consistent with the requirements of applicable law.
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Candidates for Moody's Corporation may be asked to disclose securities holdings pursuant to Moody's Policy for Securities Trading and the requirements of the position. Employment is contingent upon compliance with the Policy, including remediation of positions in those holdings as necessary.