Financial Modeling Analyst I

State Employees' Credit Union; Raleigh (NC); On-site; USD 90,000 - 130,000; Full time

Job summary

State Employees' Credit Union in North Carolina is seeking a quantitative risk professional to develop, monitor, and test models for CECL, stress testing, and capital planning. You will provide analysis to support executive decisions on scenario design and balance sheet trends.

Responsibilities include maintaining credit loss forecasting models, leading model development and backtesting, and assisting with capital planning and ad hoc analyses to support risk management.

Qualifications

• This position requires a four-year degree in Finance, Mathematics, Economics, or a related quantitative field of study.
• 2+ years of progressive experience in financial services industry in risk management or finance or an advanced degree in a quantitative field of study
• Strong understanding of financial markets, interest rates and potential impact of current economic activities and political events.
• Strong understanding of financial statements, forecasting, and performance metrics.
• Proven ability to condense highly technical subject matter into clear and effective communications to senior management.
• Proficient with statistical software programming tools such as R, Python, SAS.

Responsibilities

• (30%) Assist with the maintenance of existing quantitative analysis, credit loss forecasting models, and behavior modeling for loan and deposit products.
• (30%) Lead in the development, documentation, review, backtesting, and approval of new models.
• (20%) Assist with capital planning and analysis to support growth projections and scenario design.
• (20%) Assist with implementation, performance monitoring, and ad hoc analysis to support credit loss forecasting.

Education

Bachelor's degree in Finance, Mathematics, Economics, or related quantitative field

Advanced degree in Finance, Mathematics, Economics, or related quantitative field

Tools

R

Python

SAS

Job description

If you are motivated and believe in the credit union philosophy of "People Helping People," join our team!

Position Overview:

This position will support the development, monitoring, and testing of quantitative models to support SECU’s Capital Planning, Stress Testing, and CECL efforts. This position supports executive decision making with regard to scenario analysis, risk appetite, and loan-loss allowance. This position informs management of trends within the economy and SECU’s balance sheet.

Essential Responsibilities:

• (30%) Assist with the maintenance of existing quantitative analysis, credit loss forecasting models, and behavior modeling for loan and deposit products.
• (30%) Lead in the development, documentation, review, backtesting, and approval of new models.
• (20%) Assist with capital planning and analysis to support growth projections and scenario design.
• (20%) Assist with implementation, performance monitoring, and ad hoc analysis to support credit loss forecasting.

Required Education & Experience (Knowledge, Skills, & Abilities):

• This position requires a four-year degree in Finance, Mathematics, Economics, or a related quantitative field of study.
• 2+ years of progressive experience in financial services industry in risk management or finance or an advanced degree in a quantitative field of study
• Strong understanding of financial markets, interest rates and potential impact of current economic activities and political events.
• Strong understanding of financial statements, forecasting, and performance metrics.
• Proven ability to condense highly technical subject matter into clear and effective communications to senior management.
• Proficient with statistical software programming tools such as R, Python, SAS.

Preferred Education & Experience (Knowledge, Skills, & Abilities):

• Advanced degree in Finance, Mathematics, Economics, or a related quantitative field of study.

Job Environment & Physical Requirements:

• Hybrid work schedule

SECU provides equal employment opportunity to all qualified persons regardless of race, color, religion, age, sex, sexual orientation, gender identity, national origin, genetic information, disability, veteran status, or other classification protected by law.

Disclaimer

State Employees' Credit Union reserves the right to fill this role at a higher/lower level based on business need.

State Employees' Credit Union is a not-for-profit, member-owned financial cooperative with a "Do the Right Thing" mission and a goal of helping people in our community.

SECU values the differences in our staff and in our North Carolina communities.

We believe that embracing the uniqueness of individuals makes our cooperative stronger, more innovative and better able to serve SECU members.