Retail Risk Product Owner
Axelon Services CorporationRutherford, NJ
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Overview
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Job Description
Global Financial Firm located in Rutherford, NJ has an immediate contract opportunity for an experienced Retail Risk Product OwnerWork Mode: HybridPay rate range: $ 91.00 - $ 96.00 Negotiable based upon years of experienceResponsibilities:
- Define and articulate the product vision, strategy, and roadmap for the Loss Forecast Platform, aligning with overall business objectives and regulatory requirements.
- Conduct market research, competitive analysis, and gather stakeholder feedback to identify new opportunities and inform product decisions.
- Translate high-level strategic objectives into detailed product requirements and user stories to bring efficiency to the organization.
- Act as the primary liaison between risk management, finance, technology, and other key stakeholders to capture, analyze, and prioritize business requirements for CCAR, retail loss forecasting models, and other platform functionalities.
- Develop and maintain a well-groomed product backlog, ensuring stories are clearly defined, estimated, and prioritized based on business value, regulatory urgency, and technical feasibility.
- Facilitate workshops and discussions to elicit detailed requirements and resolve ambiguities.
- Work closely with agile development teams throughout the entire product lifecycle, from conceptualization to deployment and post-launch optimization.
- Provide clear guidance and answer questions from development teams during sprint cycles to ensure accurate understanding and implementation of features.
- Participate in all agile ceremonies, including sprint planning, daily stand-ups, sprint reviews, and retrospectives.
- Oversee user acceptance testing (UAT) to ensure delivered solutions meet specified requirements and quality standards.
- Maintain an in-depth understanding of retail credit risk methodologies, CCAR, DFAST, CECL, and other relevant regulatory guidelines.
- Ensure the platform design and functionality support robust data governance, model risk management, and auditability for regulatory submissions.
- Collaborate with model development and validation teams to integrate advanced loss forecasting models into the platform effectively.
- Effectively communicate product updates, progress, risks, and challenges to senior management and relevant stakeholders.
- Manage expectations and negotiate scope trade-offs to achieve optimal outcomes.
- Monitor platform performance, user feedback, and regulatory changes to identify areas for continuous improvement and innovation.
- Champion a data-driven approach to product development, utilizing analytics to inform decisions.
- Education: Bachelor's degree in Finance, Economics, Computer Science, Engineering, or a related quantitative field. Master's degree or MBA preferred.
- 10 years of experience in product management, business analysis, or a similar role within financial services, with a strong focus on retail risk.
- 5 years of direct experience with CCAR, DFAST, or similar regulatory stress testing frameworks and loss forecasting processes.
- Proven track record of successfully delivering complex technology platforms or products in an agile environment.
- Strong understanding of retail credit products (e.g., credit cards, mortgages) and associated risk drivers.
- Understanding of risk modeling concepts (PD, LGD, EAD) and complete flows from data to models to regulatory consumption.
- Knowledge of relevant technologies such as Python, UI/UX, SQL and platforms used in regulatory processes.
- Experience using AI-assisted tools is a plus.
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FAQs About Retail Risk Product Owner Jobs at Axelon Services Corporation
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This job at Axelon Services Corporation is located in Rutherford, NJ, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Axelon Services Corporation?
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