Risk Quantitative Analyst - Allowance for Credit Loss

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 in accordance with regulatory requirements and in conjunction with Regions' Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.

Job Description :

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.

Primary Responsibilities

Designs, enhances, and implements a variety of credit models that rely on mathematical, financial, statistical, econometric, machine learning, and artificial intelligence methods

Collaborates with senior analysts in determining the appropriate credit model to build, given design requirements and data that are often limited or noisy

Critically evaluates conceptual soundness of credit models and considers alternate methodologies

Assists in the design of 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 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

Offers guidance and advice to junior analysts on occasion

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 Computer Science, Electrical Engineering, Mathematics, Operations Research, Physics, or related field

Three (3) years of experience in Econometrics, Mathematical Finance, Statistical Methods, or related field

Proficiency in 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

Preferences

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

Skills and Competencies

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 moderate guidance

Ability to work under pressure and meet deadlines

Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)

Strong verbal, written communication, and organizational skills

Strong work ethic and self-motivation

Position Type

Full time

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 :

$70,620.55 USD

Median : $106,890.00 USD

Incentive Pay Plans :

This job is not incentive eligible.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. () Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

Paid Vacation / Sick Time

401K with Company Match

Medical, Dental and Vision Benefits

Disability Benefits

Health Savings Account

Flexible Spending Account

Life Insurance

Parental Leave

Employee Assistance Program

Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please click or copy the link below to your browser.

Location Details

Regions Center

Location : Birmingham, Alabama

Equal Opportunity Employer / including 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.