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Quantitative Analyst
Western Alliance Bancorporation
Phoenix, AZ, United States
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The model validator will have experience and knowledge of credit loss modeling and validation for commercial or consumer portfolios (e.g., default models, transition models, loss-give-default models), as well as familiarity with various vendor models. This position will work with a manager or a senior quantitative analyst.
Responsibilities
• Provides financial, analytical, model validation expertise to qualitative and quantitative models
• Demonstrates in-depth understanding of the whole function and/or key business areas supported
• Designs and performs testing of all model components
• Designs and performs statistical model assumptions’ tests for soundness of model theory
• Assesses adequacy of model documentation
• Writes high quality model validation reports and/or presentations, consistent with the groups guidelines and templates
• Provides financial, analytical, planning, and forecasting expertise to assist in the development of projects
• Explores best practice modeling techniques for model enhancement
• Provide support for and implementation of model risk management policies and procedures
• Work with and oversee consulting resources as needed
Qualifications
• Graduate’s degree in statistics, financial, economics, or other quantitative fields (PhD preferred)
• 3+ years experience in the financial services industry
• Proven ability to employ complex analytical tools and statistics to perform analysis and forecasting of financial and other business information
• Excellent quantitative modeling, analytical, research, and programming skills (e.g., SAS, R, Stata, Matlab)
• Strong communication skills both verbal and written
• Good project management skills, with the ability to work independently on multiple tasks and/or projects
• Knowledge of financial markets and products
• Be able to take initiative and meet deadlines
• Detail oriented