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February 04, 2008
VP, Quantitative Modeling, Wachovia Card Services - Base pay from $110s to 120s, plus bonus
VP, Quantitative Modeling, Wachovia Card Services
Reports to: SVP, Risk Acquisitions Manager
Location: Charlotte, North Carolina
Wachovia entered the credit card business in January 2006 after ending a six-year partnership with MBNA. In this venture, Wachovia will focus heavily on leveraging its relationship with the 13 million households and businesses that make up the current customer base. The Wachovia brand, card features, rewards and price will all be integrated to provide a unique value proposition designed to further enhance the value of the total Wachovia relationship.
The Role and Responsibilities:
This leader will oversee the day to day activities of the Risk Acquisitions modeling team and will be part of the Card Services Risk team. The individual will oversee a staff of statisticians focused primarily on the development of predictive models and vintage based loss forecasts to be used in the acquisition of new credit card accounts. The manager will direct and develop internal model development and coordinate in some cases development with third parties.
The VP will ensure acute compliance with industry and organizational standards for all model development efforts and will produce regular validations of model performance. She/He will take a leadership position on the timing and scope of model development efforts.
This individual will work closely with other functional areas within card services in a collaborative and constructive manner. She/He may partner with other internal model resources to develop models or optimization routines using various models.
She/He will provide on-going coaching around analytical and personal skills development and be responsible for the overall guidance of the group including staffing decisions, performance appraisals and planning.
The Candidate:
• Advanced degree in Economics, Statistics or other quantitative discipline
• 7+ years statistical modeling experience with financial institution, preferably credit card
• Experience in leading an analytical team
• Ability to motivate and mentor associates on technical concepts and personal skills in a productive and encouraging manner
• Comfort with SAS, Eviews, Knowledge Studio & other statistical software packages and ability to maintain strategic pace with new techniques and approaches
• Mastery of communicating orally and in written forms
• Demonstrated capacity to communicate complex ideas skillfully to various audiences
• Proven ability to operate in collaborative environment
• Comfort with financial profit drivers and their interrelationships
Candidate Must Have:
7+ years of Statistical Modeling
PhD preferred
For more information, or to apply, please contact the exclusive recruiter for this opportunity:
Brian Mayhall, Employment Process Group: brian.mayhall@employmentprocessgroup.com, 312-685-5673
Jobs | By SAS | 08:53 AM