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Quantitative Modeling Analyst
Regions Financial
Birmingham, AL, United States
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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.
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Job Description:
At Regions, the Quantitative Modeling Analyst is responsible for developing quantitative/analytic models and applications in support of the firm's risk management effort. Associates in this job family is typically in a corporate function providing support across the entire firm or to multiple business segments.
Primary Responsibilities
• Develops analytical methods and models that assess the market, credit and / or operational risks of new and existing financial products
• 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
• Develops various analytic models including sensitivity analyses, stress testing, value-at-risk, scenario testing, and Monte Carlo simulations
• Is focused on the development of the theory and mathematics behind various models
This position is exempt from timekeeping requirements under the Fair Labor Standards act and is not eligible for overtime pay.
Requirements
• Bachelors degree in Statistics, Mathematics or Quantitative Finance and two years related experience
• Or Masters degree in Statistics, Mathematics or Quantitative Finance
Skills and Competencies
• Proficiency with SAS, SQL and Visual Basic Script within Microsoft Excel
• Advanced data management skills
• Ability to source data and convert it into a usable form without the benefit of a fully-developed data mart
Preferences
• Ph.D in Statistics, Mathematics or Quantitative Finance
• Charted Financial Analyst (CFA)
• Financial Risk Manager (FRM)
Primary Responsibilities of 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
Location:
Birmingham, Alabama
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