Quantitative Modeling Specialist

1 day ago


Pittsburgh, Pennsylvania, United States Northwest Bank Full time
Job Summary

The Quantitative Analyst plays a crucial role in supporting the development and maintenance of complex financial models used throughout the loan and deposit product lifecycle. These models may employ rules-based or advanced statistical, mathematical, econometric, machine learning, or artificial intelligence techniques. This position is also responsible for creating quantitative tools used in pricing, profitability, and product strategy.

Key Responsibilities
  • Develop, implement, maintain, and execute complex financial models for loss forecasting, scenario and stress testing, originations & collections, pricing, and portfolio optimization for retail, consumer, and commercial assets.
  • Support the design of these models.
  • Utilize Python or R for data consumption, aggregation, analysis, and model development.
  • Develop portfolio analytics and communicate with line-of-business and operations partners using Power BI.
  • Communicate with line-of-business and operations partners to identify needs and develop requirements.
  • Work with Model Owners to engage with and satisfy independent reviewers, auditors, validators, and regulators.
  • Participate in the research, design, and implementation of new financial products and portfolio strategies.
  • Evaluate model output, summarize, and articulate results to stakeholders and senior management.
  • Develop a data environment to support the needs of all quantitative activities.
  • Review academic and industry research, present summaries to partners and senior leadership, and suggest practical applications.
  • Ensure compliance with Northwest's policies and procedures, and Federal/State regulations.
  • Navigate Microsoft Office Software, computer applications, and software specific to the department to maximize technology tools and gain efficiency.
  • Work as part of a team.
  • Work with on-site equipment.
  • Keep abreast of current best industry practices, research, and professional growth opportunities.
  • Manage personal and departmental workload/workflow.
  • Prepare analysis and reports for partners and senior leadership.
  • Minimize departmental non-payroll costs.
  • Recommend improvements to processes and procedures.
  • Recommend customer service enhancements.
  • Maximize technology tools available.
  • Complete other projects as assigned.
Requirements
  • Bachelor's degree in a field related to physics, mathematics, statistics, economics, or other quantitative discipline required.
  • Master's degree preferred.
  • D. preferred.
  • 2-3 years Work experience in a Financial Institution or Consulting Organization required.
  • 2-3 years of experience programming with Python or R required.
  • 2-3 years of experience programming with SQL, SAS, Java, C+, C++, or Julia preferred.
Location

This position is based onsite in Bellevue, PA.



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