Sr. Quantitative Analyst
northwest bankPittsburgh, PA
Sr. Quantitative Analyst
L5
northwest bankPittsburgh, PA18 days ago
Occupations
Financial Quantitative AnalystsFinancial and Investment AnalystsFinancial Risk SpecialistsIndustries
Commercial BankingPortfolio Management and Investment AdviceSavings Institutions and Other Depository Credit IntermediationOH0713 NW Bancshares HQ, PA0258 BellevueJob DescriptionThe Senior Quantitative Analyst II is responsible for contributing to and managing large projects related to the support, development, and maintenance of complex financial models used throughout the loan and deposit product lifecycle. These models could be rules-based or developed with more advanced statistical, mathematical, econometric, machine learning, or artificial intelligence techniques. This position is also responsible for developing quantitative tools used in the areas of pricing, profitability, and product strategy.
Essential Functions:
Design, Develop, Implement, Maintain, and Execute complex financial models used for loss forecasting, scenario and stress testing, originations & collections, pricing, and portfolio optimization for retail, consumer, and commercial assetsAct as an individual contributor and leader of working groupsUse Python or R for data consumption, aggregation, analysis, and model developmentUtilize Power BI to develop portfolio analytics and communicate with the line-of-business and operations partnersUtilize Microsoft Office products for analysis, documentation, and presentationCommunicate with line-of-business and operations partners to identify needs and develop requirementsWork with Model Owners to engage with and satisfy independent reviewers, auditors, validators, and regulatorsParticipate in the research, design, and implementation of new financial products and portfolio strategiesEvaluate model output, summarize, and articulate results to stakeholders and senior managementDevelop data environment to support needs of all quantitative activitiesReview academic and industry research, present summaries to partners and senior leadership, and suggest practical applicationsAdditionalEssential FunctionsEnsure compliance with Northwest's policies and procedures, and Federal/State regulationsNavigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiencyWork as part of a teamWork with on-site equipmentWhat You Bring to the TeamRecommend improvements to proceduresMinimize departmental non payroll costsRecommend customer service enhancementsSafety and Health for those without supervisory dutiesAbide by the rules of the safety and loss prevention programPerform work tasks in a safe mannerReport any and all injuries to supervisorKnow what to do in case of an emergencyQUALIFICATIONSTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education Bachelor's Degree Undergraduate degree in a field related to physics, mathematics, statistics, economics, or other quantitative discipline Master's Degree Master's degree in a field related to physics, mathematics, statistics, economics, or other quantitative discipline Work Experience 6 - 8 years Work experience in a Financial Institution or Consulting Organization Experience programming in Python or R Experience programming in SQL, SAS, Java, C+, C++, or Julia 3 - 5 years Years of experience in a Financial Institution or Consulting Organization may be relaxed if the candidate has extensive subject matter expertise in the areas of Operational Risk, Market Risk, Machine Learning, Artificial Intelligence, Stress Testing, or 3rd Party Vendor Models General EmployeeKnowledge, Skills, and AbilitiesAbility to establish effective working relationships among team members and participate in solving problems and making decisionsAbility to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or writtenAbility to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and informationAbility to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and informationAbility to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas Licenses and CertificationsCFA Charterholder Certification from the CFA Institute or pursuit thereof Financial Risk Manager Financial Risk Manager (FRM) Certification from GARP or pursuit thereof preferred Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees. SummaryLocation: Bellevue, PA; Columbus, OH
Type: Full time
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Level
SeniorL5
Location
Pittsburgh, PA
Occupation
Financial Quantitative Analysts
Industry
Commercial Banking
Posted
18 days ago
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