Date:         Fri, 14 Sep 2001 22:38:28 -0700
Reply-To:     "Karsten M. Self" <kmself@IX.NETCOM.COM>
Sender:       "SAS(r) Discussion" <SAS-L@LISTSERV.UGA.EDU>
From:         "Karsten M. Self" <kmself@IX.NETCOM.COM>
Subject:      Re: Risk Management - SAS - Up to $103,000 + Bonus
Comments: cc: broadway_here@att.net
In-Reply-To:  <DFAo7.25173$KV3.2084174@bgtnsc04-news.ops.worldnet.att.net>;
              from broadway_here@ATT.NET on Sat, Sep 15,
              2001 at 04:19:47AM +0000
Content-Type: multipart/signed; micalg=pgp-sha1;
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on Sat, Sep 15, 2001 at 04:19:47AM +0000, Broadway (broadway_here@ATT.NET) wrote:
> Risk Management - SAS - Up to $103,000 + Bonus
> 
> National firm seeks Risk Management professional.
> 
> San Francisco area, relocation available for right candidate.
> 
> Compensation $53,000 - $103,000 dependent upon experience.
> 
> Responsible for all risk management strategies for all new products.
> Responsible for entire lifecycle risk management including account
> origination, account management, fraud prevention, credit policy and
> pricing.
> 
> Minimum Qualifications:
> 
> - 3-5 years in risk management
> - 4 year degree
> - 2-3 years SAS programming
> - Demonstrated experience working with cross-functional teams
> - Experience managing large projects.
> 
> Preferred Skills:
> 
> - MBA/Masters in analytical sciences such as statistics, economics,
> mathematics or MIS.
> 
> Referral fees payable!
> 
> Respond with resume and salary history to:
> 
> Jay Kaiser
> Jasper Management Consultants Inc.
> 240 Madison Avenue, 6th Floor
> New York, New York 10016
> 212-692-0533
> JasperJK@att.net

I don't know who this client is, but if it's the following company, I'll
let the SAS-L readership's conscience be its guide:

    http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2000/06/29/BU92626.DTL

    Providian To Return Millions
    No wrongdoing acknowledged

    Sam Zuckerman, Chronicle Staff Writer   
    Thursday, June 29, 2000

    Credit card giant Providian Financial Corp. agreed yesterday to pay
    more than $305 million to settle charges it cheated customers, a
    devastating rebuke to one of San Francisco's biggest and
    fastest-growing businesses.

    The agreement with the San Francisco district attorney's office, the
    California attorney general and federal bank regulators ends a
    yearlong probe of the company that uncovered ``a web of deceptive
    and misleading business practices,'' District Attorney Terence
    Hallinan said in a news conference.

    Under the agreement, as earlier reported, Providian will set aside a
    minimum of $300 million to repay customers who were fooled into
    buying products they didn't want. The nation's sixth-largest bank
    credit card issuer will also pay the city a $5.5 million fine. The
    company didn't admit wrongdoing.  

See also:

    http://www.consumeraffairs.com/news/providian_settlement.html
    http://sanfrancisco.bcentral.com/sanfrancisco/stories/2000/10/30/daily23.html
    http://www.ci.sf.ca.us/da/prov.htm
    http://www.cmht.com/casewatch/cases/cwprovidian.htm
    http://www.classcounsel.com/settlements/providian.cfm

To the best of my knowledge there's been relatively little change in
upper management of the company.


More recently, the following story was posted:

    http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/09/05/BU161035.DTL

    Providian lowers forecast

    Christian Berthelsen, Chronicle Staff Writer   
    Wednesday, September 5, 2001

    Shares of Providian Financial Corp. plummeted more than 22 percent
    yesterday after the San Francisco credit card company lowered its
    2001 earnings expectations.

    Citing a slowdown in consumer spending and loan demand, the company
    said it now expects to earn $3.20 to $3.25 per share this year
    instead of the $3.45 per share it had expected at the start of this
    year. The company also lowered its expected long-term growth rate
    from 25 to 15 percent.

    Providian also commented on a change in the accounting method it
    uses to recognize bankruptcy-related losses that was implemented in
    June. Analysts and investors in the company were annoyed that
    Providian did not disclose the change when it announced
    second-quarter earnings.

    Providian said yesterday that the change would not affect earnings,
    but a hard-hitting research report by Banc of America Securities
    said the change resulted in an understatement of its loss rate by
    one-third of a percentage point in the second quarter, from 10.63 to
    10.29 percent.

    "We believe the timing of the change was suspicious," said the
    report, written by analyst Caren Mayer. "We believe this impacts
    management's credibility."


I don't care for those who destroy the lives of Americans, whether by
use of force or financial shenanigans.

Peace.

-- 
Karsten M. Self <kmself@ix.netcom.com>          http://kmself.home.netcom.com/

Praying for the victims. 

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