Quantitative Finance Analyst

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Job Description:
This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.

Responsibilities:

Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers

Supports the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization

Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation

Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite

Supports the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk

Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes

Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

As a Quantitative Finance Analyst on the team, your main responsibilities will involve:

Development of wholesale credit risk models including loss forecasting, commercial scorecards, behavioral score, regulatory capital models.

Executing in-depth analysis of wholesale credit performance and financial data.

Preparing white papers for developed models.

Interacting with internal model risk management, addressing potential concerns, and remediating model related findings.

Supporting post implementation activities including ongoing monitoring review and interaction with various stakeholders. May be responsible for independently conducting quantitative analytics and complex modeling projects. Support efforts in development of new models, analytic processes, or system approaches. Creates documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills.

Required Qualifications:

Master’s degree in Math, Economics, Statistics, Engineering, Finance, Computer Science or similar discipline

5+ years professional experience developing credit risk models

Strong Programming skills e.g. R, Python, SAS, SQL or other languages

Strong analytical and problem-solving skills

Experience using and developing cross-sectional models

Experience implementing models into various production environments

Effectively creates a compelling story using data; Able to make recommendations and articulate conclusions supported by data

Effectively presents findings, data, and conclusions to influence senior leaders

Demonstrated leadership skills; Ability to exert broad influence among peers

Ability to work in a large, complex organization, and influence various stakeholders and partners

Self-starter; Initiates work independently, before being asked

Strong team player able to seamlessly transition between contributing individually and collaborating on team projects; Understands that individual actions may require input from manager or peers; Knows when to include others

Strong communication skills and ability to effectively communicate quantitative topics to technical and non-technical audiences

Ability to work in a highly controlled and audited environment

Effective at prioritization, and time and project management

Sees the broader picture and is able to identify new methods for doing things

Strategic thinker that can understand complex business challenges and potential solutions

Experience with complex data architecture, including modeling and data science tools and libraries, data warehouses, and machine learning

Ability to extract, analyze, and merge data from disparate systems, and perform deep analysis

Experience developing and maintaining complex databases and data sets

Experience using data mining and other advanced analytical techniques to aggregate data for model development and/or to produce management reporting

Experience managing large data sets utilizing tools such as Hadoop

Experience designing, developing, and applying scalable Machine Learning and Artificial Intelligence solutions

Experience with data analytics and visualization tools (e.g., Alteryx, Tableau, MicroStrategy)

Experience with LaTeX

Experience building data architecture that is optimized for large dataset retrieval, analysis, storage, cleansing, and transformation

Demonstrated ability to drive action and sustain momentum to achieve results

Identifies, assigns, and manages project tasks and timelines across teams

Experience with engineering complex, multifaceted processes that span across teams; Able to document process steps, inputs, outputs, requirements, identify gaps and improve workflow.

Skills:

Critical Thinking

Quantitative Development

Risk Analytics

Risk Modeling

Technical Documentation

Adaptability

Collaboration

Problem Solving

Risk Management

Test Engineering

Data Modeling

Data and Trend Analysis

Process Performance Measurement

Research

Written Communications

Minimum Education Requirement: Master’s degree in related field or equivalent work experience

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)

Pay and benefits information

Pay range

$89,800.00 - $155,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.