varoujan khatchatrian

* Built a team of highly skilled quantitative analysts and subject matter experts responsible for analytical support of damages evaluation process * Led the update and optimization of bodily injury damages assessment tools and modeling discussions with the tool vendors * Managed design and implementation of damages evaluation reports to drive operational effectiveness * Analyzed medium-term loss trends and their key drivers for a multibillion dollar line of business * Led the benchmarking analysis of losses and loss components across main geographic regions

* Led a team of quantitative analysts responsible for designing, estimating, testing, and documenting Basel II compliant probability of default (PD) models for various obligor types. * Served as a voting member of State Street’s Credit Parameters Committee. * Enhanced existing PD model backtesting methodologies by incorporating alternative approaches. * Led multiple meetings with State Street’s business experts related to the development of new PD models. * Performed analyses to successfully address and close findings from the regulator and internal model validation team. * Presented analyses related to the State Street’s PD tools during the annual regulatory examination of Advanced Internal Ratings Based models of State Street Corporation. * Prepared Technical Documentation and Business Requirement Documents for new PD tools.

* Ph.D. level: Econometrics * Undergraduate level: Financial Markets and Investments, Corporate Finance

* Led a team of six quantitative analysts responsible for an end-to-end validation of various regulatory, CCAR, and ‘business-as-usual’ models * Validated value-at-risk models for determining exposures to counterparties in repo-style transactions of the Securities Finance business * Validated probability of default tools for municipality, insurance, and fund counterparties * Led the validation of CCAR supervisory factor expansion / BHC scenario generation model and CCAR probability of default model for municipalities * Co-led the recruiting effort which resulted in the doubling of the overall team size at the Model Validation Group within 6 months * Presented validation findings to the bank’s Model Risk Committee and the federal regulators * Authored hundreds of pages of model validation reports * Participated in the working group discussions on enhancing the model risk rating system and the model validation guidelines