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Statistical Modeling Manager
NEWARK DE 19713
Category: Banking
  • Your pay will be discussed at your interview

Job code: lhw-e0-90668423

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Sallie Mae

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  Job posted:   Thu Jun 7, 2018
  Distance to work:   ? miles
       
  9 Views, 0 Applications  
 
Statistical Modeling Manager
**Statistical Modeling Manager**

**Req ID** R01760

**Description**

**Sallie Mae** is proud to help Americans aspiring to create the life they want--whether that means helping them make college happen, or something more. Our colleagues across departments and across the country are united in our passion and our customer-first approach. Whether you want to join a growing company, be part of an agile workforce, or gain new skills--you're in the right place.

**Position Summary:**

This position will report to the Senior Director of Loss Forecasting and it a highly visible role which must interact with business partners in risk, finance and accounting. This position requires in depth knowledge of loss forecasting, advanced modeling techniques and coding languages such as SAS, SQL and R.

Sallie Mae is seeking a Director of Loss Forecasting to develop statistical models that assess the credit risk of the Sallie Mae's consumer Loan portfolios and develop forward looking views of loss expectations. This position is a managerial role. The individual will lead a team that will be responsible for building and performing qualitative and quantitative analysis on the Sallie Mae consumer loan portfolio in support of loss forecasting and the bank's transition to CECL (Current Expected Credit Loss).

**Key Responsibilities:**

**Development of Loss Forecasting Models for Consumer Loan Portfolios - 60%**

+ Develop CECL compliant loss forecasting models such as vintage level econometric models, PD/LGD models, conditional transition matrix models and survival/hazard models for the Consumer Loan portfolio.
+ Analyze and provide guidance to management on the appropriate modeling methodology to employ for forecasting losses on the Consumer Loan portfolio.
+ Design and manage the model testing, model implementation and model monitoring activities.
+ Ensure model documentation meets internal and regulatory standards.
+ Participate in all stages of model development from model methodology and framework design, data preparation, segmentation, model development, model testing and calibration.
+ Implement the models, monitor model performance and evaluate the CECL impact to our financial results for the Personal Loan portfolio.

**Manage the Consumer Loan Loss Forecasting Team - 30%**

+ Manage and provide thought leadership for the Consumer Loan Loss Forecasting team.
+ Manage independent model validation, internal and external audit, and regulators reviews.
+ Interacts with internal risk partners and regulators to address model issues and remediation actions.

**Adhoc Business Support - 10%**

+ Manage and work on various ad hoc quantitative, modeling, and programming assignments.

**Requirements**

**Education:**

+ Bachelor degree in a quantitative field such as statistics, mathematics, economics, physics, chemistry, computer science, engineering required
+ Master or PHD degrees in a quantitative field preferred

**Experience:**

**Must Have:**

+ 3+ years of progressive experience working in a financial services environment and/or acquired skills obtained through higher education
+ 2+ years of experience building statistically based models using SAS, SQL, R or comparable coding language
+ Experience in management preferred not required
+ Experience in CECL Modeling is a strong plus

**Knowledge, Skills and Abilities:**

+ In depth knowledge of loss forecasting, statistical models and data mining techniques
+ The ability to understand generally accepted accounting principles (GAAP)
+ Strong oral and written communication skills required to effectively and concisely present key findings to senior management is a must
+ Strong working knowledge in presenting quantitative data via PowerPoint, Excel, Word, etc.
+ Solid knowledge of financial services industry and the products and services offered
+ Candidates with DFAST, CCAR or IFRS 9 model development experience preferred, but not required
+ Ability to consistently meet expected deadlines
+ Excellent written and verbal communication skills
+ Ability to simultaneously manage and organize multiple projects
+ Ability to recognize/analyze/resolve system and procedural problems
+ Ability to lead and coordinate activities of a project group
+ Ability to perform well under pressure and to work independently with high levels of initiative
+ Excellent organizational skills

EEO Employer Minority/Female/Disability/Veteran/Sexual Orientation/Gender Identity. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America. Sallie Mae is a drug free workplace.

**Type** Full-time

**Location** Newark, DE

**Date Posted** Jun 5, 2018

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