Title: SENIOR QUANTITATIVE LEADER, COMMERCIAL CREDIT SCORECARD TEAM
Location: CALIFORNIA-SAN FRANCISCO
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $80.1 billion at June 30, 2011. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 403 banking offices in California, Washington, Oregon and Texas, as well as two international offices, on June 30, 2011. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest financial organizations. Visitwww.unionbank.comfor more information.
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Job Summary
Drive the development and performance of assigned probability of default scorecards, including maintenance, enhancement, calibration, back-testing and validation. Perform ongoing scorecard analytics and preparation of reports & presentations to Senior Management and regulatory agencies.
Major Responsibilities
* Provide project management in the development and refinement of assigned Commercial Credit Scorecards, templates or risk assessment tools
* Ensure that each task keeps progressing while accommodating the ad hoc tasks and set backs. Prioritize multiple simultaneous tasks, being able to make 80 / 20 trade offs as appropriate, and being able to reasonably set and meet deadlines.
* Making quantitative analyses intelligible to all audiences, including summarizing statistical modeling results and model performance, and ensure that questions from the business, IRMG, regulators, etc. are answered.
* Thought leader in discussions with senior credit and line managers to obtain expert feedback and foster buy-in of scorecard tools.
* As assigned, a) provide validation review other project team member projects to ensure analytic quality. b) train / coach other analysts on concept, methodology and processes.
* Provide thorough, audit quality, documentation of projects and processes.
* Along with the Department Manager, liaise with various IT and Legacy System teams to form a strategic alliance to deliver high quality services for the group.
* Along with the Department Manager, manage assigned project schedules and finances including the budget, revenue and resource allocation. Resolve conflicts internally and externally when project issues arise.
* Typically requires a Bachelors / Masters degree (or higher) in statistics/finance/quantitative field, plus at least 5 years of related experience in the financial services industry.
* Exceptional skills in quantitative methods and computer technology, including statistical analysis, and computer modeling, are necessary.
* Technically sound in statistics and quantitative analysis with the ability to translate strategic concepts into practical reality.
* Very strong, demonstrated organizational skills is a must.
* Outstanding problem solving skills.
* Robust analytical skills and lateral thinking ability to identify underlying issues. Pragmatic and creative depending on the situation, and also effective in making the trade offs between reaching the perfect solution vs. a good, manageable solution.
* Outstanding communication skills via meetings, presentations, reports, and ad hoc conversations.
* Very strong PC skills, and financial analysis skills. Proficiency in Excel/MS Office, MS Access, and statistical software, such as SAS required or Excel for model building purposes. Additional programming languages and experience, e.g. SQL, Java, C# are considered beneficial and desired.
* Working knowledge of BASEL II and its regulatory requirements along with experience in accounting and finance.
* Familiarity and proven experience with database design strategies and packages.
DESIRED / OPTIMAL:
* Familiar with vended models / vended solutions particularly suited for the wholesale credit portfolio.
* Familiar with wholesale credit, but certainly the ability to quickly understand and adapt to the conceptual framework related to commercial credit underwriting and risk grading / management.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
Union Bank is committed to leveraging the diverse backgrounds, perspectives, and experiences of our workforce to create opportunities for our people and our business. EOE. M/F/D/V
