Protivitiis a global consulting firm that helps companies solve problems in finance, technology, operations, governance, risk and internal audit. Through our network of more than 70 offices in over 20 countries, we have served more than 35 percent of FORTUNE® 1000 and Global 500 companies. We also work with smaller, growing companies, including those looking to go public, as well as with government agencies.

Protiviti is a wholly owned subsidiary of Robert Half International Inc. (NYSE: RHI). Founded in 1948, Robert Half International is a member of the S&P 500 index.

Protiviti Model Validation professionals help management and boards of directors understand the value – and limitations – of their models so they can make confident business decisions, advance business strategies and achieve regulatory compliance.

Models are simplified and idealized representations of the real world and are prone to errors in some cases. Further, because models are driven by assumptions and finite data inputs and then interpreted by people, model risk is inescapable. The use and reliance on quantitative models creates the need to consider the degree to which model risks are understood, monitored and managed. Regulators mandate model validation under such pronouncements as OCC 2000-16, Basel II and Solvency II. Other stakeholders, such as auditors, investors and rating agencies, are also demanding improved governance over the ever-expanding inventory of quantitative models.

Our Model Risk team brings Ph.D.-level quant” experience to developing and validating all types of quantitative models, including asset-liability management, credit risk, economic capital, market risk, pricing and operational risk models. Our independent, holistic validation process helps control model risk, prevents losses associated with model risk and enhances key stakeholders' understanding of models. We also help organizations manage their portfolio of model risks by assessing, designing and implementing model governance programs. We can develop customized quantitative models, refine and calibrate existing models, and design stress testing and scenario analysis programs to supplement existing analytics. 
The following statements are intended to describe the general nature and level of work being performed. This is not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel.

Job Description

The Consultant has direct, client-facing engagement responsibilities. The Consultant demonstrates the attributes of excellent client service and assists the team in developing technical and professional competency. The Consultant learns to identify areas of risk and opportunities to improve business processes.

Specific Responsibilities:

• Ability to review, validate, or develop models related to one of more of the following: market, credit, operational, liquidity risk capital, ERM, insurance models, stress testing, Basel 2 and Solvency 2 compliance


• Assist in evaluating, developing, or implementing credit and market risk measurement tools


• Conducting operational risk assessments and event data accumulation


• Advisory and methodological support for the quantification or operational risks


• Demonstrates ability to recognize risk to Protiviti with potential clients


• Demonstrates the ability to discuss technical and industry trends and the related solutions


• Assists in delivering specific product solutions to clients


• Adds value by identifying client expectations and then exceeding mutually agreed-upon objectives 


• Assists engagement leadership in managing engagement profitability and managing engagement risk 


• Develop understanding of project requirements and client’s business.


• Ensure timely completion of assigned project phases


• Develop and maintain effective client relationships


• Apply understanding of Protiviti policies and proficiency in Protiviti methodologies.



• Apply understanding of business processes and technical skills to successful completion of project assignments.
  Qualifications:




• Theoretical understanding of financial math, financial economics, statistics, and/or insurance modeling



• Thorough knowledge in one or more of the following areas: derivatives pricing, interest rate modeling, Value-at-Risk, asset/liability management, and credit modeling


• Risk, asset/liability management, and credit modeling


• Must work creatively and analytically in a problem-solving environment

Knowledge & Skills

• Programming experience (S+, Visual Basic, C/C++, SAS)


• Demonstrated skills utilizing high level computations mathematic skills inclusive of finite difference, Monte Carol methods


• Knowledge of Stochastic Calculus, Brownian Motion and PDE Modeling


• Solid knowledge of process reengineering and methodologies, including flowcharting.


• Proficient in Microsoft Office suite applications.


• Interpersonal skills to interact in team environment and foster client relationships.


• Demonstrated understanding of the importance of business ethics.


• Strong analytical skills.


• Must be able to handle highly confidential information in a strictly professional manner.


• Must be able to maintain professional demeanor in times of high stress.
   

Education & Professional Credentials

• Bachelor’s degree required


• Graduate degree in Finance, Economics, Financial Engineering, Statistics, Applied Math or equivalent preferred 


• Professional Certification such as FRM, CFA, CPCU) strongly preferred


• Big 4” or other leading consulting experience preferred.
   

Ability to Travel

• Travel throughout the month frequently required based on client requests/commitments.

Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services.

EEO

 
Job Number15529- Posted02/11/2013-Protiviti-Experienced-United States-IL-Chicago