Sr. Analyst, ERM Scenario Design & Stress Testing

Job Description Summary

The Scenario Design and Stress Testing (“SDST”) Function within Enterprise Risk Management (“ERM”) is responsible for facilitating the development of stress scenarios across Risk Stripes/ Business Units and Product lines to facilitate both Internal Risk Management as well as Regulatory requirements.

The SDST Function is a key input for ERM risk assessment and capital calculations, driving capital and liquidity stress buffers which ensure Raymond James remains resilient during periods of severe stress.

Under general supervision, uses knowledge and skills, obtained through education and/or experience, training and/or certification, to conduct scenario design activities including developing scenario narratives, identifying the risks/factors to be stressed, and creating and projecting the stress shocks based on economic and financial analysis. Partners with the various risk stripes including Credit, Market, Treasury, and Operational Risk to help them implement stress calculations. Participates in the regulatory submissions (like CCAR) as owner of the firmwide stress scenario and helps review and challenge the stress testing results. Works with the analytics and reporting teams for scenario data governance and reporting requirements. Participates in projects, programs, or processes with significant business impact involving cross-functional departments. Routine contact with internal stakeholders is required to ensure effective implementation and understanding of the function’s requirements.

Job Description

Essential Duties and Responsibilities

• Collaborate extensively across multiple business and risk areas to develop stress scenario narratives and variable shocks with a focus on material risks within each area
• Help develop both, firmwide as well as business/risk level stress scenarios
• Conducts continuous monitoring of key metrics and financial indicators to provide meaningful insights and opinions on risk. Helps to identify emerging trends and create potential topical scenario narratives for events like COVID, Elections, Tariffs etc.
• Facilitate and ensure a cohesive approach to SDST, including consistency, rigor, and timeliness
• Support the development and maintenance of SDST Standards and Tools/Technology
• Build and maintain effective working relationships with stakeholders and internal assurance groups, demonstrating a culture of engagement and assistance
• Use excellent communication skills to influence a wide range of internal audiences including respective product, function, and business partners
• Support the preparation of materials ahead of meetings with regulators, auditors, and senior leaders
• Represent the SDST Function in stakeholder meetings, as needed
• Perform other duties and responsibilities, as assigned

Knowledge, Skills, and Abilities

Knowledge of

• MS office Suite - Fluency with MS Office Suite is required, including some experience with VBA
• Mathematical concepts including Statistics - Working knowledge of statistics, including basics of concepts such as Data Distribution, Regression Analysis, and other techniques
• Financial Markets – Interest in markets (for example, stocks, interest rates, bonds) and keeping up to date with the economic trends
• Programming – Interest in and familiarity with programming in any language (for example, Excel/VBA). The job will not require heavy programming, but knowledge can help

Preferred

• Business knowledge: Wealth Management, Capital Markets, or Banking business models, and related products
• Risk/Product knowledge: Credit & Counterparty Risk, Treasury & Funding Liquidity Risk, Market Risk and/or Non-Financial Risk, and related practices

Skill in

• Financial data analysis and statistical modeling
• Databases and querying tools
• Programming as a tool to automate
• Preparing written reports and delivering oral presentations
• Enthusiastic, self-motivated, effective under pressure

Ability to

• Work well both individually and in teams: share information, support colleagues and encourage participation, and be proactive in notifying line management of developments or seeking guidance, when appropriate
• Set clear goals and be held accountability for the outcomes
• Provide a high level of customer service
• Interact with and influence key stakeholders
• Simplify complicated topics/risk concerns for any audience
• Balance conflicting resources and priority demands to meet tight deadlines within budgeted hours
• Facilitate meetings
• Attend to detail while maintaining a big picture orientation
• Gather information, identify linkages