AVP-Business Analysis (Quantitative)

At Moody's, we unite the brightest minds to turn today’s risks into tomorrow’s opportunities. We do this by striving to create an inclusive environment where everyone feels welcome to be who they are-with the freedom to exchange ideas, think innovatively, and listen to each other and customers in meaningful ways. 

If you are excited about this opportunity but do not meet every single requirement, please apply! You still may be a great fit for this role or other open roles. We are seeking candidates who model our values: invest in every relationship, lead with curiosity, champion diverse perspectives, turn inputs into actions, and uphold trust through integrity. 

Skills and Competencies

• Highly organised and efficient, with ability to multi-task and handle multiple projects
• Strong oral and written communication skills, able to communicate clearly and succinctly
• Understanding of fixed income; understanding of structured finance is a plus
• Experience developing and/or documenting financial models and/or scorecards - credit risk, credit derivatives or structured finance a strong plus
• Understanding of model development including model design and implementation
• Good coding and development skills in VBA and Excel a plus

Education

• MSc in relevant areas such as Economics, Finance, Statistics, Financial Engineering, Mathematical Finance, Mathematics
• 5 to 8 years of working experience in related field

Responsibilities

We are looking for a seasoned Quantitative Business Analyst to join the Modeling & Quantitative Analytics Group, which is responsible for all the models and scorecards used in the rating process and verification.

This is a good opportunity for a seasoned rating analyst with interest in model development to join a growing team where you will be expected to work on documentation, training, oversight and maintenance of the rating agency’s Credit Rating Models and Credit Rating Scorecards. You will also be expected to help draft requirements for the end-to-end model and scorecard development process and respond to requests from the Methodology Review Group and external regulators.

• Develop in-depth knowledge of our Moody’s Credit Rating Models and Credit Rating Scorecards
• Draft and review Model Specification Documents to ensure completeness and consistency
• Create user guides and provide user training on new and existing Credit Rating Models and Credit Rating Scorecards
• Assist model co-ordinators drafting requirements for the end-to-end process for new model and scorecard developments
• Prepare and co-ordinate responses to model and scorecard related requests from external and internal parties, e.g. model support, regulatory requests
• Mentor junior team members in the Business Analysts team
• Lead efforts and co-ordination around submissions of software updates for approval with the Methodology Review Group and co-ordinate with Risk Process Oversight for documentation of model errors
• Lead efforts on professional training of models and scorecards for rating teams and other analytical teams. You will also be expected to help rating teams to understand model and scorecard results as needed

About the team

The Model and Methodology Development Group (MMDG) at Moody’s is responsible for developing and publishing all new methodologies and revisions to existing methodologies, as well as the related models, scorecards, and analytical tools used in Moody’s Ratings.

The Business Analyst Team is responsible for owning the business logic and writing the relevant specification documents of the credit rating models, trainings, user guides and getting the appropriate approvals for release.

Moody’s is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender expression, gender identity or any other characteristic protected by law.

Candidates for Moody's Corporation may be asked to disclose securities holdings pursuant to Moody’s Policy for Securities Trading and the requirements of the position. Employment is contingent upon compliance with the Policy, including remediation of positions in those holdings as necessary.