
Job Information
GM Financial VP Economic Risk and Residual Management in Fort Worth, Texas
The VP is responsible for leading and managing the design, development, deployment and maintenance of data driven econometric models and reports. Additionally, the VP applies leadership and direction along with advanced quantitative skills to guide research activities in the production of research and analysis to quantify the impact of economic, legal and industry factors that affect asset performance. This research support strategic planning, as well as the specific needs of Pricing, Accounting, Investor Relations, Structured Finance, Dealer Services and Credit Risk Management. This position focuses on presenting results from econometric models and stress tests to senior leadership to make asset risk decisions. Additionally the VP is responsible for quantifying and summarizing trends to senior leadership that impact the portfolio and provide actionable insight for the Organization.
JOB DUTIES
Responsible for leading a quantitative team focused on the development and implementation of asset valuation modeling as well as reporting for internal clients and external clients
As leader of the department, the VP must provide effective organizational management and leadership
Provide oversight of modeling processes and resource allocation
Development and implementation of procedures to ensure the department provides a high level of professionalism and service
Design, development and implementation of data analysis, models and econometric methods,
Coaching, mentoring and training direct reports to establish a consistent level of quality, accuracy, accountability and compliance to standards
Manage the recruitment, selection and development of personnel
Leading by example by being an industry thought leader
Maintain expert level knowledge of asset prices, market dynamics and technical knowledge to support research and analytic responsibilities
Provide guidance in the application of quantitative principles, knowledge of third party data sources, creative econometric expertise in developing new models, and insights to upper management on the state of the market
Ensure that the delivered products from the department meet the business needs of the Company
Effectively communicate asset risk and implications to senior leadership
Perform other duties as assigned
Conform with all company policies and procedures
Knowledge
Strong quantitative, analytical and data interpretation skills
Ability to identify and understand business issues and map these issues into quantitative questions
Efficient modeling skills with very large datasets
Proficiency in econometric or statistical experimental design, ability to design and implement model documentation and monitoring protocols, demonstrated understanding and experience with technical systems, rational datasets, data warehouses, data mining, and data analysis techniques
Advanced knowledge of principles, standards, practices and techniques relating to econometric modeling for a financial firm
Advanced knowledge of applied methodologies including least squares regression, logistic regression, sampling methodologies, time series, survival analysis, cluster analysis, categorical data analysis, decisions trees, multivariate methodologies, non-parametric techniques, principal components and linear programming techniques
A solid understanding of used vehicle markets ad advanced skills in SAS, JMP, Excel, Word and PowerPoint
Skills
Effective written and verbal presentation skills with an ability to communicate well with senior management
Ability to interact collaboratively with internal customers and external vendors
Demonstrated quantitative skills and ability to apply complex econometric principles
Additional Knowledge Skills and Abilities
- Extensive experience presenting highly complex analysis to upper management is required
Education
- Master’s Degree in Statistics, Applied Mathematics, Econometrics, Operations Research or similar quantitative field or equivalent experience required
Experience
Greater than 10 years of experience in modeling required
5-7 years of experience in residual modeling preferred
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Requisition ID: 2021-38459
External Company Name: GM Financial
External Company URL: www.gmfinancial.com
Street: 801 Cherry Street