Associate Director of Modelling and Stress Testing – Remote

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by diversity and inclusion, talented peers, comprehensive benefits and career development opportunities. Come make an impact on the communities we serve as you help us advance health equity on a global scale. Join us to start Caring. Connecting. Growing together. 

 

Associate Director of Modelling and Stress Testing will manage Optum Bank’s development of credit loss forecasting and other similar models for both wholesale and retail loss forecasting. Responsibilities include overseeing the CECL stress testing, capital adequacy assessment and related model suites including development and maintenance of the models, the model technical documentation, ongoing model performance monitoring.

 

You’ll enjoy the flexibility to work remotely * from anywhere within the U.S. as you take on some tough challenges. 

 

Primary Responsibilities: 

• Define and set strategies to lead the planning and execution of the Bank’s credit risk modeling programs
• Lead the design, implementation, and recalibration of models to support the Current Expected Credit Losses (CECL) and Capital Adequacy Ratio processes, ensuring compliance with regulatory requirements
• Develop quantitative modeling other than CECL, such as loss forecasting, predictive risk rating models, stress testing, and profitability analysis
• Work with Bank’s leadership to plan and deliver updates/strategy to Management and Board of Directors Risk Committees and to the FDIC/UDFI
• Prepare reporting and forecast for credit risk stress testing and Current Expected Credit Losses (CECL)
• Maintain CECL documentation to ensure that such documentation is available upon request by management, regulators, and internal and external auditors
• Develop and maintain of comprehensive risk reporting suite in support of management and committee oversight of existing and emerging risks
• Support external and internal audit and model risk management inquiries and supporting documentation

 

You’ll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in. 

Required Qualifications: 

• Master’s in Quantitative Finance, Mathematics, Statistics, Economics, Finance, or a related field with a focus on financial modeling
• 6+ years in developing and implementing quantitative models, CECL, and internal credit ratings within a financial institution or relevant industry
• 4+ years of programming experience in high-level programming languages such as Python, with experience in data manipulation and analysis

 

Preferred Qualifications:

• Ph.D. in Quantitative Finance, Mathematics, Statistics, Economics, Finance, or a related field with a focus on financial modeling
• 8+ years of model development/risk analytics experience
• CECL model development, implementation, or execution experience for Commercial Real Estate (CRE) and consumer lending portfolios
• In-depth knowledge of statistical modeling techniques, econometrics, time-series analysis, and risk management principles
• Solid knowledge of credit risk principles which inform credit loss forecasting
• In-depth knowledge of risk frameworks, including risk governance; risk strategy; risk appetite; process, risk and control analysis; control effectiveness measurement; risk management coverage plan
• Proven ability to work in a fast-paced environment, manage competing priorities and to collaborate across the organization is essential
• Proven ability to quickly summarize and communicate topics to a non-technical audience including, addressing senior management-level audiences and committees
• Proven attention to detail and ensure data accuracy, reconciling and loading data

 

*All employees working remotely will be required to adhere to UnitedHealth Group’s Telecommuter Policy

  

California, Colorado, Connecticut, Hawaii, Nevada, New Jersey, New York, Rhode Island, Washington, or Washington, D.C. Residents Only: The salary range for this role is $104,700 to $190,400 annually. Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. UnitedHealth Group complies with all minimum wage laws as applicable. In addition to your salary, UnitedHealth Group offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with UnitedHealth Group, you’ll find a far-reaching choice of benefits and incentives.

  

Application Deadline: This will be posted for a minimum of 2 business days or until a sufficient candidate pool has been collected. Job posting may come down early due to volume of applicants.

  

At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone–of every race, gender, sexuality, age, location and income–deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes — an enterprise priority reflected in our mission.   

 

 

Diversity creates a healthier atmosphere: UnitedHealth Group is an Equal Employment Opportunity/Affirmative Action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law. 

 

UnitedHealth Group is a drug – free workplace. Candidates are required to pass a drug test before beginning employment.