eFinancialCareers

• Company

  Algorithmics

• Location

  China-Hong Kong

• Compensation

  Competitive

• Position Type

  Employee

• Employment type

  Full time

• Updated

  06 Jan 2009

• eFC Ref no

  482327

An experienced quantitative credit risk professional is required to join an existing team of analysts to provide quantitative support to our internal development and external advisory efforts.

Principal Consultant / Senior Manager – Advisory Services

An experienced quantitative credit risk professional is required to join an existing team of analysts to provide quantitative support to our internal development and external advisory efforts. The incumbent will develop fundamental credit models as part of the ongoing development efforts, across single obligor credit rating, default prediction and loss given default models. In addition, the individual will actively participate in efforts to identify, develop, and deliver our credit risk solutions to our financial services clients. The nature of such projects is likely to extend beyond credit risk assignments into other areas of risk as required.

The Requirements

• Highly numerate with at least a good quantitative initial degree, with perhaps also postgraduate qualifications.

• Knowledge of quantitative methods and models as applied to credit risk.

• Considerable knowledge of credit risk, beyond the quantitative aspects alone.

• A good knowledge of statistical methods and experience in their practical implementation is a requirement.

• Extensive experience in credit risk management at a major bank, corporate or consulting firm.

• An understanding of the Basel Banking Accord and its implications.

• Ability to lead and deliver projects, including acting as a primary client liaison.

• Ability to communicate clearly and work as part of a small team (quantitative analysts, data management, IT, marketing).

• Experience of managing small groups of quantitative analysts and/or credit risk specialists.

• Given this is a small group the individual must be capable of motivating themselves to learn what is required to deliver on a project, while not being too individualistic about their work.

• Experience in using statistical software packages is desirable. Some visual basic programming in MS Office could also be useful to the role.

• As work on client advisory assignments will be involved, the individual must be of personable nature and command credibility from what is often a capable and demanding audience.

• Knowledge of economic capital and portfolio modeling techniques also would be advantageous.

• Client projects are performed both on- and off-site, therefore candidate must be willing to engage in a reasonable amount of travel.

• Foreign language skills, particularly in Mandarin

• Also useful: Knowledge of financial engineering, operational risk, the ‘softer’ and practical aspects of risk management.

Fitch Solutions and Algorithmics Background

Fitch Solutions focuses on the development of risk and finance-related products and services, bringing to market a wide range of data, analytical tools and related services. These offerings span commercially available ratings models (rating replication tools for Banks and Corporate, Implied PD models based on Equity or CDS); CDS pricing services; financial data for banks; CDO valuation and analytics; Structured Product valuation services; and Structured Finance workflow solutions. Fitch Solutions is also the distribution channel for Fitch Ratings content, including research and rating feeds.

Algorithmics is the world’s leading provider of enterprise risk solutions. Financial organizations from around the world use Algorithmics’ software, analytics, and consulting services to help them make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements. Supported by a global team of risk experts based in all major financial centers, Algorithmics offers proven, award-winning solutions for market, credit, and operational risk, as well as collateral and capital management.

Recently, the quantitative expertise from Fitch Solutions and the Advisory team of Algorithmics have been integrated to provide deep and advanced analytical risk analysis and management capabilities. This integration allows the combined team to offer a wider spectrum of Risk Advisory and Analytics, covering models for Basel II, Economic Capital, Structured Finance, and Credit Derivatives, along with many other related areas of risk analysis. The combination of Advisory services, the quantitative expertise of Fitch Solutions and the enterprise risk management capabilities of Algorithmics provides what is believed to be a unique proposition in risk management.