Risk Quantitative Analyst Allowance for Credit Loss

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Job Description:

At Regionsthe Risk Quantitative Analystis a member of a key strategic team that is responsible for a very wide range of quantitative initiatives that include stress testing and loss forecasting economic capital risk ratings portfolio valuation optimization origination strategies and other portfolio management analytics.

Primary Responsibilities

• Designs enhances and implements a variety of credit models that rely on mathematical financial statistical econometric machine learning and artificial intelligence methods
• Collaborates with senior analysts in determining the appropriate credit model to build given design requirements and data that are often limited or noisy
• Critically evaluates conceptual soundness of credit models and considers alternate methodologies
• Assists in the design of appropriate tests to determine whether models work as designed and monitors existing models for adequate performance
• Documents models defends methodological choices and remediates identified technical issues for the purposes of independent model validation
• Works collaboratively with other quantitative analysts with a diverse technical background to share knowledge and implement the most appropriate analytical solution
• Collaborates with Credit Portfolio Managers Risk Management Finance Treasury and lines of businesses to identify opportunities and credit-related risks in the portfolio making recommendations on new credit origination and risk mitigation strategies
• Offers guidance and advice to junior analysts on occasion

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

Requirements

• Bachelors degree in Computer Science Electrical Engineering Mathematics Operations Research Physics or related field
• Three(3) years of experiencein Econometrics Mathematical FinanceStatistical Methods or related field
• Proficiency in Structured Query Language (SQL) Visual Basic for Applications (VBA) Script Python JAVA C# R and/or Statistical Analysis Software (SAS)
• Experience analyzing data and building applicable mathematical models

Preferences

• Masters degree in Quantitative Finance Financial Engineering Risk Management Statistics Economic Computer Science Electrical Engineering Mathematics Operations Research Physics or related field
• Coursework in stochastic processes used derivative pricing numerical methods and fixed income securities
• Experience in Market Risk Captial Markets Risk or a Trading function with derivative products (e.g. rates commodities credit) foreign exchange leveraged loans and fixed income

Skills and Competencies

• Ability to learn additional systems as needed
• Ability to research analyze data and derive facts
• Ability to work in a team environment when applicable
• Ability to work under moderate guidance
• Ability to work under pressure and meet deadlines
• Proficiency in Microsoft Office (Excel Word PowerPoint Outlook etc.)
• Strong verbal written communication and organizational skills
• Strong work ethic and self-motivation

Position Type

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience skills knowledge contribution job location and most importantly performance in the job role. As these factors vary by individuals pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

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Benefits Information

Regions offers a benefits package that is flexible comprehensive and recognizes that one size does not fit all for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes which is not intended to be a complete summary of plan terms and conditions.

• Paid Vacation/Sick Time
• 401K with Company Match
• Medical Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program

Please note benefits and plans may be changed amended or terminated with respect to all or any class of associate at any time. To learn more about Regions benefits please click or copy the link below to your browser.

DetailsRegions Center

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