Risk Quantitative Analyst Cover Letter

In response to your job posting for risk quantitative analyst, I am including this letter and my resume for your review.

In my previous role, I was responsible for continuous enhancement of existing models for pricing and risk measurement of derivatives and other complex products, market risk, credit risk and calibration parameters and ensure that all models meet various regulatory and business requirements.

My experience is an excellent fit for the list of requirements in this job:

• Good Knowledge of hedging and funding instrument (swaps, options )
• Extensive knowledge of macroeconomics and divers of balance sheet performance
• Expert in Excel (Pivot Table)
• Use advanced analytics and statistical/econometric techniques to assess model quality
• Interact with model developers during the model design phase to ensure that the goal of building sound models is collaboratively pursued at the beginning and throughout each model development project
• Produce Validation Reports which assess the statistical soundness of models that have been built
• Confirm that appropriate remediation actions have been taken and models are acceptable for use
• Review Model Performance Monitoring Reports and recommends actions based on the results

In response to your job posting for risk quantitative analyst, I am including this letter and my resume for your review.

In my previous role, I was responsible for 1st line support to Credit & Risk Administrators as a subject matter expert and highlight training needs as appropriate.

Please consider my qualifications and experience:

• Strong orientation to detail, results and productivity
• Experience with statistical tools – SAS, Model Builder, and/or SQL skill
• Experience in validating and report writing of DFAST/CCAR, ALLL and/or BSA/AML (Consumer Risk Rating) models
• Knowledge of Bank Regulatory (OCC, Federal Reserve, FDIC), Public Accounting/Consulting, and/or Internal Audit experience in the Banking/Financial Services industry
• In depth knowledge on products and transactions in the above asset classes with solid understanding to their credit and market risk exposures and advanced quantitative methodologies to model and measure these risks
• Expertise in risk modeling most of the assets classes above
• Evaluate whether models are appropriate for their intended purpose, and ensure that significant model risks are identified, quantified where possible, and communicated to senior management and model end-users
• Advise on how model risk can be reduced or mitigated

I submit this application to express my sincere interest in the risk quantitative analyst position.

Previously, I was responsible for oversight, insight and control in relation to models used across risk classes including capital, funding and liquidity risk, credit, market, operational, conduct and compliance, financial crime risks and more.

I reviewed the requirements of the job opening and I believe my candidacy is an excellent fit for this position. Some of the key requirements that I have extensive experience with include:

• Solid understanding of financial markets, statistics and econometric analysis
• Good understanding of factor investing, asset valuation and portfolio construction
• Experience in risk systems development
• Experience in risk software lifecycle development
• May translate recommendations into communication materials to effectively present to colleagues for peer review and management
• Analyzes and challenges stress testing results and partners with relevant functions to validate those results
• Work experience in market risk management in a trading/investment management/capital market environment, and/or solid ALM experience at mid-to-large sized banks or insurance companies
• Solid product knowledge in at least of one asset class (Rates, Credit, Equities, Securitized Products, Derivatives)

In response to your job posting for risk quantitative analyst, I am including this letter and my resume for your review.

In my previous role, I was responsible for oversight, insight and control in relation to prescriptive models used across risk classes including capital, funding and liquidity risk, credit, market, operational, conduct and compliance, financial crime risks and more.

Please consider my experience and qualifications for this position:

• A strong interest in risk management best practises, financial markets and economic developments
• Proven experience in a quantitative finance environment, preferably in a market risk or counterparty risk modeling capacity, although other backgrounds
• A practical knowledge of credit derivatives and repo instruments, their risk drivers and the models used to price them
• Previous experience in C# or C++ in a source-controlled environment
• Work autonomously, proactively identifying solutions to complex business problems
• Knowledge in multiple statistical techniques (generalized linear modeling, Time Series, CART, Decision Trees, Neutral Networks, Factor Analysis experimental design and hypothesis testing)
• Understand and apply financial concepts, identify risks, propose recommendations and solutions to issues
• Demonstrates strong knowledge of Fixed Income analytics, some prior credit exposure (High Yield or Investment Grade) is desirable

In response to your job posting for risk quantitative analyst, I am including this letter and my resume for your review.

In my previous role, I was responsible for guidance (and training for new models) to Account Managers and Credit officers on the understanding and application of credit risk methodologies/models used in regulatory and economic capital models.

I reviewed the requirements of the job opening and I believe my candidacy is an excellent fit for this position. Some of the key requirements that I have extensive experience with include:

• Communicate modeling concepts and model assumptions with senior management
• Develop and perform daily reporting of model results including attribution analysis
• Lead on projects to integrate credit risk models, data feeds and IT systems
• Review results of credit models with senior management and executive team
• Collaborate with analysts, credit managers and director of credit to evaluate credit models / develop new methodologies
• Prepare supporting documentation on model analytical standards
• Identify credit risk concentrations in the derivatives portfolio and develop risk mitigation strategies
• Completes month-end, quarter-end and other Sarbanes-Oxley (SOX) related processes