Quantitative Analyst
Quantitative Analyst
Posted on :
16-03-2025
Employer Active
1 Vacancy
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Yearly Salary
$ 88657 - 104303
Vacancy
1 Vacancy
Posted on :
16-03-2025
Job Description
More than 130 years ago we started with core values that never go out of style: listen learn and help businesses and individuals reach their goals. Our financial strength and stability are key reasons Forbes names us one of the Best 100 Banks in America the past eight consecutive years and Newsweek names Banner one of the Most Trustworthy Companies the past four years.
With more than $15 billion in assets and over 150 locations throughout Washington Oregon Idaho and California we understand our role in the economy and take that responsibility seriously. In addition to offering a source of capital to personal banking clients and businesses of all sizes we place a high importance on employee volunteerism and donate millions of dollars each year to community organizations.
As a Quantitative Analyst you will perform analytical research model development testing implementation and documentation of models. Provide guidance on model limitations and recommend disciplines to mitigate model risks across the Bank. Utilize quantitative skills to analyze and summarize data and formulate findings.
In this role youll have the opportunity to:
- Develop and document the models needed to perform stress analysis in accordance with regulatory requirements (DFAST Basel III and other federal regulations for banks).
- Develop document and sustain quantitative tools and models used to measure risks to earnings and capital inherent in the companys current position and business plans/forecast quantify the probability of default loss given default and exposure at default used in the credit review process and calculation of the allowance for loan and lease losses and assess economic capital ensuring that risks taken are adequately compensated.
- Responsible for evaluating and enhancing models periodically to uphold their relevance and safeguard compliance with regulatory requirements.
- Responsible for serving as a subject matter expert in the arenas of risk quantification and modeling working closely with both internal and external stakeholders including lines of business risk professionals and regulatory authorities.
- Prepare and provide data for regulators independent public accountants and consultants on contemporary quantitative processes related outputs and analyses and management determined model inputs.
- Responsible for communicating results of work and recommendations for improvements or enhancements effectively to all levels of management.
- Analyze and convert statistics from different sources into meaningful business intelligence to enhance decision making and financial performance.
- Responsible for complying with policies procedures security requirements and government regulations.
Education & Certifications
- Masters Degree: Finance Economics Statistics or Mathematics required (an equivalent combination of education and experience may be considered)
Experience
- 2 or more years of experience in financial and business analysis
- 2 or more years of experience in a modeling discipline for Banking or Capital Markets at a DFAST or CCAR banking organization or consulting firm
- 2 or more years experience with SQL Power BI R
Knowledge Skills and Abilities
- Possess excellent interpersonal skills with the ability to collaborate with multiple business partners and colleagues. Advanced process and project management skills with the ability to execute against tight deadlines while remaining flexible to evolving requirements.
- Demonstrate proficiency in at least one programming language such as R.
- Possess modeling experience with PPNR or Credit or Market Risk
- Advanced understanding of timeseries stylized facts and models (e.g. ARCH/GARCH). Knowledge of timeseries and panel data analysis as well as linear and nonlinear generalized linear mixed models.
- Possess understanding of linear and nonlinear interdependence between risk factors such as variancecovariance or copulas. Knowledge of key distributions and their implementation in various analysis contexts.
- Knowledge of federal and state laws and regulations relating to accounting and financial reporting and stress analyses modeling.
Travel
- 0
Compensation & Benefits
- Targeted starting salary range (based on experience): $88657 $104303
- Annual incentive potential
- Comprehensive employee benefits including: medical dental vision LTD STD and life
- Paid vacation time sick time and 11 company paid holidays
- 401k (with up to 4 match)
- Tuition reimbursement
- Get more information at: Employee Benefits Banner Bank
Please take time to review Banner Banks Consent & Privacy notice before applying.
Banner Bank is an Equal Opportunity Employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin citizenship marital status age disability or protected veteran status.
Banner Bank does not accept unsolicited resumes from agencies and/or search firms for any job postings. Resumes submitted to any Banner Bank employee by a thirdparty agency and/or search firm without a valid written and signed search agreement will become the sole property of Banner Bank. No fee will be paid if a candidate is hired for a position as a result of an unsolicited agency or search firm referral.
Required Experience:
IC
Employment Type
Full-Time
Key Skills
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