Risk Management - Wholesale Credit Risk Loan Loss Forecasting Risk Associate

Job Responsibilities

• Build and maintain a strong understanding of wholesale credit hedging strategies and instruments, including single-name CDS, indices, options, and Synthetic Risk Transfer (SRT) transactions.
• Review and challenge stress forecasts for hedge P&L and loss-mitigation benefit under internal and regulatory scenarios; support end-to-end stress testing production cycles for Quality Stress testing and Comprehensive Capital Analysis and Review.
• Develop clear, well-structured management presentations summarizing stress results, key drivers, and walk/explain narratives for business and risk stakeholders.
• Partner with Quantitative Research to refine modeling treatments and assumptions; become a subject matter resource on credit loss forecast parameters including Probability of Default, Loss Given Default, Rating Migration, and Mark-to-Market loss.
• Lead UAT and implementation support for model enhancements, system migrations, and new functionality releases, including requirement definition, test design, execution, and issue triage.
• Conduct ad hoc, transaction-level risk and stress estimates, and perform ongoing portfolio monitoring and targeted deep-dives to identify emerging risks and forecast sensitivities.
• Drive process efficiency through automation initiatives (including responsible use of LLMs/AI, where appropriate) to streamline forecasting, reporting, and controls.
• Provide analytical support for risk review and challenge of new products, business initiatives, and stress methodology changes impacting the respective portfolios.
• Build and sustain strong stakeholder relationships across Business, Risk, Finance, Quantitative Research, and Technology, ensuring alignment on assumptions, timelines, and deliverables.
• Maintain working knowledge of loan underwriting and syndication activities; stay current on credit market conditions, macro themes, and relevant M&A / event-driven activity impacting the portfolio.

Required Qualifications, Capabilities And Skills

• Bachelor's degree in Business, Finance, Mathematics, or a related field.
• Minimum 3 years of experience in credit risk, stress testing, risk analytics, model development, or similar roles.
• Demonstrated ability to build effective working relationships across First Line and Second Line stakeholders.
• Ability to work independently with minimal supervision; sound judgment on when to escalate; ability to perform under pressure and deliver under tight deadlines.
• Strong written and verbal communication skills, with experience preparing materials for senior management.
• Strong attention to detail, with the ability to manipulate and analyze large datasets and translate results into clear messaging.

Preferred Qualifications, Capabilities and Skills

• Strong technical skills, especially Excel, Tableau, and experience applying LLMs/AI to improve workflow efficiency; Python and automation experience is a plus.
• Strong knowledge of loan and derivative products; familiarity with credit hedging instruments (CDS/index/options) strongly preferred.