This job has expired, please see additional jobs below
Quantitative Modeling Analyst
Regions Financial
Birmingham, AL, United States
Job Details - this job has expired, please see similar jobs below
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.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored for a set period of time. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
At Regions, the Quantitative Modeling Analyst is responsible for developing quantitative, analytics, and applications in support of the firm's risk management effort, with limited supervision. Associates in this job family are typically in a corporate function providing support across the entire firm or to multiple business segments, and typically work on moderately complex projects. This position may be assigned to the Finance, Risk Management, or BSA/AML business segments of the bank.
Primary Responsibilities if assigned to Finance or Risk Management Team:
• Develops various analytical methods and models that assess the market, credit, and/or operational risks of new and existing financial products including sensitivity analyses, stress testing, value-at-risk, scenario testing, and Monte Carlo simulations
• Participates in the research, design and implementation of new financial products or in the development of trading or hedging strategies
• Consults with the business segments in researching the development of risk management models for new and existing products
• Focuses on quantitative finance modeling and may use statistical modeling
Primary Responsibilities if assigned to BSA/AML/OFAC Model Development and Monitoring Team:
• Partners with OFAC, EDD, CTR, and Monitoring teams to design scenarios/models
• Improves segmentation for the scenarios/models using techniques such as clustering
• Executes periodic tuning for the threshold parameters of the scenarios through sample collection
• Develops post processing models to reduce the amount of false positive generated by the scenarios/models using statistical techniques such as rare event logistic regression and machine learning algorithms
• Works with IT teams in application development to test and implement models
• Focuses on statistical modeling
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 Statistics, Mathematics, Physics or Quantitative Finance AND four (4) years related experience
• Statistics and Mathematics degree is more acceptable for the BSA/AML/OFAC Model Development and Monitoring team
• OR Master’s degree in Statistics, Mathematics, Physics or Quantitative Finance AND two (2) years of experience
Preferences
• Charted Financial Analyst (CFA)
• Financial Risk Manager (FRM)
Skills and Competencies
• Proficiency with SAS, R, SQL and Visual Basic Script within Microsoft Excel
• Advanced data sourcing and management skills
• Experience with classification models for the BSA/AML/OFAC Model Development and Monitoring Team
Location:
Birmingham, Alabama
EEO/AA/Minorities/Females/Disabled/Veterans