Risk Quantitative Analyst

Regions Bank•Birmingham, AL

23h•$65,880 - $87,820•Onsite

About The Position

At Regions, the Risk Quantitative Analyst is a member of a key strategic team that is responsible for a very wide range of quantitative initiatives that include stress testing and loss forecasting, economic capital, risk ratings, portfolio valuation, optimization, origination strategies, and other portfolio management analytics. Associates at this level hold basic knowledge and experience in the discipline but are still building a stronger skill set and knowledge base. These associates will typically be tasked with solving a variety of straightforward problems and analyzing possible solutions using standard procedures.

Requirements

Bachelor's degree in Computer Science, Electrical Engineering, Mathematics, Operations Research, Physics, or related field
One (1) year of experience in Econometrics, Mathematical Finance, Statistical Methods, or related field
Familiarity with Structured Query Language (SQL), Visual Basic for Applications (VBA) Script, Python, JAVA, C#, R, and/or Statistical Analysis Software (SAS)
Experience analyzing data and building applicable mathematical models
Ability to learn additional systems as needed
Ability to research, analyze data, and derive facts
Ability to work in a team environment when applicable
Ability to work under direct guidance
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
Strong verbal, written communication, and organizational skills
Strong work ethic and self-motivation

Nice To Haves

Master's degree in Quantitative Finance, Financial Engineering, Risk Management, Statistics, Economic, Computer Science, Electrical Engineering, Mathematics, Operations Research, Physics, or related field
Coursework in stochastic processes used derivative pricing, numerical methods, and fixed income securities
Experience in Market Risk, Captial Markets Risk, or a Trading function, with derivative products (e.g. rates, commodities, credit), foreign exchange, leveraged loans, and fixed income

Responsibilities

Assists with designing, enhancing, and implementing a variety of mathematical, financial, statistical, econometric, machine learning, and artificially intelligent models
Assists with designing appropriate tests to determine whether models work as designed and monitors existing models for adequate performance
Documents models, defends methodological choices, and remediates identified technical issues for the purposes of independent model validation
Works collaboratively with other quantitative analysts with a diverse technical background to share knowledge and implement the most appropriate analytical solution
Collaborates with portfolio managers to identify risks in the portfolio
Collaborates with Credit Portfolio Managers, Risk Management, Finance, Treasury, and lines of businesses to identify opportunities and credit-related risks in the portfolio, making recommendations on new credit origination and risk mitigation strategies