Risk Modeler Cover Letter

I am excited to be applying for the position of risk modeler. Please accept this letter and the attached resume as my interest in this position.

In the previous role, I was responsible for summaries and write reports regarding counterparty credit risk, and collaborate with management to recommend protective measures when credit risk exposure is elevated.

Please consider my qualifications and experience:

• PhD in a quantitative field is a requirement
• Nice to have-published quantitative research related to portfolio risk modeling
• Advanced Stochastic Modeling skills applied to mortgage credit risk
• Deep understanding of Mortgage math and stochastic modeling
• Hands-on skills using statistical applications such as (R, SAS, SQL)
• Superior Mortgage securitization knowledge
• Superior verbal and written communication skills to present complex findings to senior management
• Should have experience managing, training and mentoring junior modelers and analysts

I would like to submit my application for the risk modeler opening. Please accept this letter and the attached resume.

In the previous role, I was responsible for risk advice on relevant products and processes (such as outsourcing, risk acceptances, projects, procedures, workflows, Minimum Standards, etc.).

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:

• An excellent understanding of economics and economic data sources
• Some understanding of traded, banking book and credit risks, most likely gained through working in a risk function in a financial institution
• Experience writing forward-looking analysis of the economy and the markets
• Experience in translating macro economic concepts into plausible risk factor shocks
• Some post-education experience in coding in VBA or R
• A good knowledge of statistical and data base packages
• Some experience managing junior members of a team
• Update parameters that are used in counterparty exposure calcula

I am excited to be applying for the position of risk modeler. Please accept this letter and the attached resume as my interest in this position.

Previously, I was responsible for functional and managerial leadership over a portfolio of European corporations and financial institutions including credit assessments, monitoring and risk mitigation.

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

• Lead the quarterly development, maintenance and annual validation of VCI’s internal residual value forecasting models (aka the “WhiteBook” model) designed to estimate future wholesale used car prices of Volkswagen and Audi lease portfolio maturities on a vehicle mix-, mileage-, market condition- and seasonally-adjusted basis
• Assist the Risk Management Planning and Reporting Group in the implementation of the forecast models to ensure accurate calculation of wholesale value and residual value base impairment estimates
• Collaborate with the Risk Management Planning and Reporting Group, Accounting and senior management in establishing adequate residual value loss provisions for maturing lease portfolio vehicles
• Work with internal and external audit partners to gain acceptance on the residual value impairment methodology and provide technical support in order to satisfy audit and technical requirements
• Work with the Residual Value Setting team to improve existing residual value setting model
• Support VCI’s Marketing and Business Operations, and the Brands, to construct Lease Pull Ahead and/or Lease Extension programs scenario models to assess the financial impacts due to programs’ projected changes to maturing vehicles’ seasonality, monthly volume metrics, foregone payments, unused mileage
• Assist in the maintenance of the commercial portfolio’s dealer rating system including validation of model performance
• Support the Data Warehouse program through testing

I would like to submit my application for the risk modeler opening. Please accept this letter and the attached resume.

In my previous role, I was responsible for functional and managerial leadership during client on-boarding focusing on credit assessments of financial institutions and corporations and risk mitigation.

Please consider my qualifications and experience:

• Communication – excellent skills in written and visual communication
• Advanced knowledge of advanced applied statistical methodologies including least squares regression, logistic regression, sampling methodologies, time series analysis, and other multivariate methodologies
• Excellent computer skills and techniques using multi-variant statistical analysis packages (SAS, Knowledge Studio) and other reporting and data analysis tools (Business Objects, Access, Excel)
• Strong skills in macroeconomic analysis
• Experience of mathematical modeling/ forecasting tools as a builder and as a user
• The communication skills to explain complex issues in a simple way
• The facilitation skills to manage projects from start-to-finish and to tight deadlines
• Knowledge of a programming language such as VBA or R to facilitate automation

I am excited to be applying for the position of risk modeler. Please accept this letter and the attached resume as my interest in this position.

In the previous role, I was responsible for independent review (IR) and challenge of all quantitative and qualitative processes categorized as models (Credit Risk, IFRS9 Wholesale Credit Risk model, Stress Test, BASEL etc.) under the MRM framework to a high degree of depth, as required by and detailed in the Bank’s policies and standards.

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

• Develop quantitative risk models supporting bank treasury departments
• Design and implement associated risk processes and frameworks
• Code prototypes in advanced programming languages
• Be exposed to senior clients within Treasury, Risk and Front Office
• Extending the current collateral concentration framework to wider business areas in investment and private banking
• Understanding the current risk system and data architecture and preparing business requirement document for strategic implementation
• Collaborating across change teams to deliver on BCBS IOSCO & other regulatory requirements in collateral portfolio management from CCR perspective
• Develop tactical tools to support the framework where risk system is constrained to deliver on specific elements