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    Quantitative Modeling Analyst - Birmingham, United States - Regions Bank

    Regions Bank
    Regions Bank Birmingham, United States

    3 weeks ago

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    Description
    Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job.

    We believe in offering performance-driven individuals a place where they can build a career a place to expect more opportunities.

    If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

    At Regions, the Quantitative Modeling Analyst works closely with Senior Quantitative Managers and business partners to devise, design, test, document, implement and maintain quantitative solutions that meet the bank's needs.

    The Enterprise Model Resources Group (EMRG) is a centralized, multidisciplinary, quantitative analytics team tasked with providing modeling and sophisticated analytical expertise to business partners throughout the bank.

    EMRG contributes to the development and maintenance of quantitative solutions across a wide range of topics and business areas, employing techniques from various mathematical disciplines such as statistics, finance, economics, and machine learning.

    The

    EMRGQuantitative


    Modeling Analyst works on an integrated and collaborative resource team, leveraging both the broad range of technical expertise amongst EMRG associates as well as the deep industry knowledge residing within the bank.

    The EMRG analyst applies and strengthens quantitative expertise through projects with significant industry relevance.

    Examples of models developed by EMRG's have covered a range of subjects:

    credit risk, CCAR/stress testing, interest rate risk, balance sheet forecasting, market risk, anti-money laundering, economic capital, fixed income analysis, yield curve construction, derivative valuation, customer propensity scoring, and customer segmentation.

    Primary Responsibilities
    Devises and designs advanced quantitative solutions, models, analyses, and tools to address needs throughout the bank
    Identifies sources, captures, explores and prepares data to inform the quantitative model design, estimation, testing and documentation
    Performs analysis to justify the economic, mathematical, and/or analytical techniques used in the development of quantitative solutions
    Conducts thorough quantitative and qualitative tests and analysis to justify model design and measure its efficacy, risk, and robustness
    Assesses and documents how practical, technical, and theoretical constraints were adequately considered and overcome (such as gaps in data, model assumptions, changing business conditions, regulatory developments) throughout the development process
    Composes and maintains documentation in support of the effectiveness of quantitative solutions (in written, presentation and verbal formats)
    Performs periodic monitoring tasks on existing quantitative solutions to assess their continuing efficacy and robustness
    Conducts research to evaluate the ongoing appropriateness of existing or proposed quantitative solutions given the bank's strategy, processes, market conditions, availability of data and industry standard practices
    Prepares and delivers presentations to stakeholders as needed, including the EMRG team, line of business management, independent model risk management teams, regulatory supervisors, and internal/external audit
    Prepares and maintains detailed process/procedural documentation for operating, maintaining, and facilitating the accurate repeated use of the solution
    Provides regular progress updates to management and project teams on all assigned responsibilities
    Executes and maintains existing quantitative solutions in live production environments in a manner that adheres to applicable policies and procedures (and maintains organized evidence thereof)
    Works collaboratively and cooperatively with business partners (i.e., Risk Management, Treasury, Finance, Operations, Model Validation, Internal Audit and Lines of Business and team members in EMRG)
    Maintains a highly organized approach to solution development, code versioning, quantitative testing and document preparation
    Works in strong cooperation / apprenticeship with more senior experienced quantitative analysts or managers, but occasionally will be expected to operate more independently, or as project leads and/or to provide mentorship/teaching to more junior analysts

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

    Requirements
    Bachelor's degree in a highly quantitative and analytical field such as Statistics, Economics, Econometrics, Applied Mathematics, Physics, Quantitative Finance, Operations Research
    Three (3) years professional experience in applying skills in econometrics, quantitative finance, statistical methods, mathematical model design, or advanced data analysis
    Or, Masters' degree in one of the above fields andone (1) year professional experience in applying skills of econometrics, quantitative finance, statistical methods, mathematical model design, or advanced data analysis
    Or, a PhD in the fields listed above
    Preferences
    A PhD or strong academic performance at the master's level in the aforementioned subjects
    Five (5) years professional experience in applying skills in econometrics, quantitative finance, statistical methods, mathematical model design, or advanced data analysis
    One of various certifications in Financial analysis such as Chartered Financial Analyst (CFA)orFinancial Risk Manager(FRM)
    Certification in one or more of various quantitative tool kits such as SAS, R, SQL, Python
    Experience with one or more modeling techniques such as econometric time series analysis, cross-sectional regression, survival modeling, panel regression, clustering analysis, survey analysis, or various supervised and unsupervised learning methods
    Skills and Co mpetencies
    Ability to organize and make progress on multiple simultaneous projects
    Advanced data sourcing, data management and data analytical skills
    Attention to detail
    Excellent writing, communication and presentation skills
    Proficiency in SAS, R, SQL, or Python
    Strong proficiency in standard business software such as Microsoft Excel and Powerpoint
    This position may be filled at a higher level depending on the candidate's qualifications and relevant experience.
    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:

    Minimum:
    $66,396.40 USD


    50th Percentile:
    $94,490.00 USD


    Incentive Pay Plans:
    This job is not incentive eligible


    Location:
    Birmingham, Alabama Bring Your Whole Self to Work

    We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and provide valuable perspective that makes us a better company and employer.

    More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work is the right thing to do.


    OFCCP Disclosure:
    Equal Opportunity

    Employer/Disabled/Veterans

    Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting.

    Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.

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