Posted Apr 09, 2019
Effective Corporate Solutions (ECS) is hiring talented young people for the development of state of art, end to end stress testing tool for international banking sector
About Us
ECS was founded in early 2017. The company is registered in Pakistan with its office in Lahore and a sister concern in UK.
ECS has two lines of business:
a. Development of Advanced Analytics Technology Solutions (AATS) for financial institutions (banks, insurance companies and asset managers), especially in the area of risk management
b. FITS (Financial Institutions Technology Support) – provision of implementation, consulting and technology services for financial institutions.
In the first phase, AATS is focused on the development of a comprehensive stress testing solution for banks. Development is ongoing. The goal is to complete product development by the end of 2019. Subsequent phases will focus on other aspects of risk management and advanced analytics.
Stress testing is a very comprehensive risk management tool and it is a regulatory requirement in many countries. It brings together many aspects of risk management and financial planning. In essence stress testing requires the forecasting of a financial institution’s financial statements and regulatory metrics in severe macroeconomic or other stress scenarios.
ECS offers
- Challenging, friendly & professional environment with plenty of learning of opportunities in risk management and banking.
- Work with industry piloting technologies & opportunity to grow with the company.
About the Role
Title: Consultant - Quantitative Risk Management
Job Objective: Design and implementation of statistical models (in financial and regulatory reporting)
Main Responsibilities:
- Building a test library of models from examples provided in a statistical software package
- Finding relevant datasets in the public domain
- Creating mock data where public information is not available
- Developing statistical models (eg simple regression, logistic regression, discriminant analysis, etc) to quantify relationships between macroeconomic and relevant financial variables, eg GDP vs default rates, exchange rate vs cost of equipment, etc
- Writing clear documentation that describes development and validation for each model, including details of tests conducted
- Systematic building of proprietary model library
The preferred scenario is full time employment based in Lahore. However, we are open to part time employment (15 to 20 hours per week) and to remote working (eg from Karachi).
About You
Education required: MSc or PhD in Statistics or other relevant subject.
Experience required:
- Work experience needs to include use of statistical software packages
- Minimum 3 years of work experience using statistics (in a government, educational or private institution)
Requirements
- Proficient in R or Python (using SciPy, NumPy, Pandas and MatplotLib libraries) This is a must have
- Deep familiarity with statistical software packages
- Sound knowledge of statistics
- Good communication skills
Skills
Job Details
Effective Corporate Solutions
pEffective Corporate Solutions/p
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