Quantitative Analyst II (Hybrid)

Davita Inc.; Morristown (NJ); Hybrid; USD 124,000 - 175,000; Full time

Job summary

A leading company in the financial sector is hiring for a hybrid role focused on risk management. The position involves data analysis, model development, and engaging with various business functions to improve processes and ensure compliance. The ideal candidate will have strong quantitative skills and experience in financial analysis, contributing to key decision-making processes.

Qualifications

• 4 years of experience in financial, statistical, or quantitative analysis with a Bachelor's Degree.
• 8 years of experience in financial, statistical, or quantitative analysis with a High School Diploma or GED.

Responsibilities

• Analyze and assess key risks to the bank.
• Execute stress tests and scenario analysis on models.
• Identify improvements to current procedures and processes.

Skills

Data Analysis

Model Development

Process Improvement

Communication

Education

Bachelor's Degree

High School Diploma or GED

Job description

Overview

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.

This position will engage in the review & development of risk models & tools used to report on and manage the financial metrics, balance sheet and risk of the company. Responsible for data analysis and research including back testing of models and strategies using historical data.

Responsibilities

• Data Analysis - Engaged in the risk management of the business, analyzing and assessing key risks to the bank.
• Model Development - Execute stress tests and scenario analysis to evaluate the performance of models under various adverse market conditions. Develop the appropriate documentation for second line risk partners.
• Business Support - Engage, troubleshoot and escalate work deliverables for assigned systems, products, or business units.
• Process Improvement - Identifies potential improvements to current procedures, plans, and controls to achieve business objectives and regulatory requirements.

Qualifications

Bachelor's Degree and 4 years of experience in financial, statistical, or quantitative analysis experience OR High School Diploma or GED and 8 years of experience in financial, statistical, or quantitative analysis experience

Preferred Qualifications

• Strong academic background in a quantitative field such as engineering, statistics, or economics is a must; but does not have to be a PhD
• Operate with a high level of self-sufficiency and can show whole leadership, i.e., someone who can lead themselves, manage their own workload, and drive their tasks forward independently
• Communicate clearly and succinctly, both in writing and verbally
• Ability to drive progress and use the resources at their disposal well
• Structure their thinking logically and produce clear, well-organized documentation
• Write high-quality meeting notes and follow through effectively
• Build thoughtful PowerPoint presentations that clearly convey the "story" of the models and recommendations
• Articulate model assumptions, limitations, and risks in a way that is understandable to stakeholders like Model Risk and Audit, but importantly delivering what's needed without over-sharing
• Help the team stay organized and on track from a light-touch project management perspective, contributing to timelines, deliverables, and coordination
• Support broader vision creation by seeing beyond individual tasks and thinking about how their work fits into larger strategic goals

The base pay for this position is generally between $124,977and $175,000. 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.