Model Development Analyst 1
Model Development Analyst 1
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Job Description
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Job Summary
The Model Development Analyst 1 is responsible for generating datadriven insights into all modeling needs of the Banks and the practical results of models. This roles focus is to help the Banks understand their risk profiles along with risk management processes that are needed in support of those risk profiles. Besides capital modeling the Model Development Analyst 1 takes ownership of stress testing in other areas including the stress testing required by the DoddFrank Act Stress Tests (DFAST) liquidity stress testing and other. This position is also responsible for models such as Current Expected Credit Loss (CECL) Pricing etc. In addition this Analyst is responsible for analyzing the effects of policy and strategy changes on outcomes. Some of this analysis entails the building of models while some will require other analytical skills.Essential Job Functions:
Analytics Work with the team leader to establish portfoliolevel financial analyses to understand emerging trends size financial impacts and answer key leadership questions. Conduct data integrity checks and applicable data preprocessing such as treatment of missing values and outliers. Conduct exploratory data analysis for preliminary data insights to drive the selection of modeling approach that best addresses the business problem. Assist in building predictive models using statistical methodologies like decision trees regression modeling and clustering. Utilize knowledge of macroeconomic variables and macroeconomic scenarios for economic capital prediction and stress testing. Create standard operating procedures and documentation for key processes.
Business Relationships Summarize results into key insights that are easy to understand and prove useful and present key findings and recommended solutions to internal and external business partners. Provide recommendations regarding how to use data science and models to drive critical business decisions. Translate partners business needs into analytics projects and quickly estimate potential benefit. Demonstrate knowledge of the business such as drivers of profitability system capabilities and company goals.
Collaboration Under supervision and guidance translate analytical results into useful recommendations for review with manager. Demonstrate strong verbal and written communication skills when working with internal partners and when presenting results to various audiences. Work across the finance organization with other data scientists to coordinate standardizing definitions / calculations sharing of best practices development of foundational knowledge of credit card operations banking financial loyalty rewards retail and credit card regulations while working with the business. Collaborate with other data scientists in the company to share best practices and data science innovations.
Data Science Innovation With direction from leader research industry trends in data science of new tools emerging algorithms advanced platforms and alternative data to enhance modeling effectiveness and efficiency. Conduct use case testing for new tools/techniques/platforms/data and provide user input/feedback.
Reports To: Lead or above
Direct Reports: None
Working Conditions/Physical Requirements:
Normal Office Environment. Hybrid role work in corporate office as required.
Minimum Qualifications:
Bachelors degree in Finance Statistics Econometrics Quantitative Analysis Economics or related field of study.
Preferred Qualifications:
Masters degree in Finance Statistics Econometrics Quantitative Analysis Economics or related field of study.
Certified or pursuing CFA FRM or equivalent certifications.
1 years of relevant experience in Model risk data analytics or financial reporting.
Experience with Python SQL or SAS.
Knowledge Skills and Abilities:
Stress testing
Verbal and written communication skills
Collaboration
Other Duties
This job description is illustrative of the types of duties typically performed by this job. It is not intended to be an exhaustive listing of each and every essential function of the job. Because job content may change from time to time the Company reserves the right to add and/or delete essential functions from this job at any time.
About Bread Financial
At Bread Financial youll have the opportunity to grow your career give back to your community and be part of our awardwinning culture. Weve been consistently recognized as a best place to work nationally and in many markets and were proud to promote an environment where you feel appreciated accepted valued and fulfilledboth personally and professionally. Bread Financial supports the overall wellness of our associates with a diverse suite of benefits and offers boundless opportunities for career development and nontraditional career progression.
To learn more about Bread Financial our global associates and our sustainability commitments visit or follow us on Instagram and LinkedIn.
All job offers are contingent upon successful completion of credit and background checks.
Bread Financial is an Equal Opportunity Employer.
Job Family:
Enterprise RiskJob Type:
RegularRequired Experience:
IC
Employment Type
Full-Time
