Quantitative Analyst I-Risk Rating Model Development

Davita Inc.; Raleigh (NC); Remote; USD 89,000 - 156,000; Full time

Job summary

A leading company is looking for a Quantitative Analyst I to develop and improve risk rating models for commercial loan portfolios. The role requires collaboration with cross-functional teams, strong statistical modeling skills, and the ability to communicate complex ideas effectively. Candidates should have a Bachelor's degree in a relevant field and at least two years of relevant experience.

Qualifications

• 2 years of experience in financial, statistical, or quantitative analysis OR 6 years with a High School Diploma.
• Master's degree in a quantitative field preferred.
• Strong proficiency in statistical methods and programming.

Responsibilities

• Develop and enhance risk rating models for commercial loans.
• Gather and analyze financial data for model development.
• Facilitate the model validation process.

Skills

Statistical modeling techniques

Programming languages (SAS, Python)

Data mining and feature engineering

Analytical and problem-solving skills

Communication skills

Education

Bachelor's Degree

Master's degree in a quantitative field

High School Diploma or GED

Tools

Microsoft Office products (Excel, PowerPoint, Word)

Job description

Overview

This is a remote role that may be hired from AL, AR, CT, DE, IA, ID, IL, IN, KS, KY, LA, ME, MS, MT, NC, NE, NM, NV, OH, OK, OR, PA, RI, SC, SD, UT, VA, VT, WV.

We are seeking a skilled Quantitative Analyst I and model developer to join our Modeling and Analytics team at First Citizens. In this role, you will assist with the development, implementation, monitoring, and reporting of risk rating models specifically tailored for commercial loan portfolios.

Responsibilities

• Work with the Modeling & Analytics team on the development and enhancement of risk rating models for commercial loans, ensuring accuracy and compliance with regulatory standards.
• Assist with gathering and analyses of internal and external sources of financial and loan-level data to inform model development.
• Maintain comprehensive documentation of model development processes, ensuring transparency and compliance with regulatory standards.
• Facilitate the model validation process with the bank's Model Risk Management team.
• Collaborate with IT teams to integrate developed models into the bank's systems and workflows.
• Collaborate with cross-functional teams to gather input and insights for model improvement and determine appropriate model performance thresholds.
• Assist with the monitoring of model performance.

Qualifications

Bachelor's Degree and 2 years of experience in financial, statistical, or quantitative analysis experience OR High School Diploma or GED and 6 years of experience in financial, statistical, or quantitative analysis experience

Preferred Skills:

• Master's degree in a quantitative field such as Statistics, Mathematics, Economics, or related discipline preferred.
• Strong proficiency in statistical modeling techniques (e.g., logistic regression, linear regression, machine learning techniques) and programming languages (e.g., SAS, Python).
• Proficiency in data mining and feature engineering techniques.
• Excellent analytical and problem-solving skills with attention to detail.
• Ability to communicate complex concepts effectively to both technical and non-technical stakeholders.
• Proficiency with Microsoft Office products (Excel, PowerPoint, Word, etc.).

If hired in Illinois , the base pay for this position is generally between $89,745 and $155,090. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of
employment.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.