Quantitative Business Analyst

Valley National Bank; Morristown (NJ); On-site; USD 135,000 - 172,000; Full time

Job summary

Valley National Bank in Morristown, NJ seeks a Quantitative Business Analyst to develop and execute predictive financial and econometric models for enterprise-wide use.

You will analyze large loan, deposit, and financial datasets, perform regressions, and support stress testing, model validation, and regulatory compliance. This full-time role requires a Master's degree in statistics, finance, or a related field and at least one year of related experience.

Qualifications

• Master's Degree in Statistics, Finance, or closely related field.
• 1 year of experience as an Analyst, Director, or closely related role in a financial setting.
• 1 year of experience with quantitative financial analysis, statistical model analysis, Python, SQL, and Excel.

Responsibilities

• Prepare and analyze large loan, deposit, and financial datasets using SQL or similar tool.
• Perform regressions, programming routines, and other statistical analyses.
• Collect and analyze benchmarking data; liaise between stress testing, model validation, and business lines.
• Maintain model documentation and support regulatory reviews and compliance.

Skills

Python

SQL

Excel

Data analysis

Education

Master's Degree in Statistics, Finance, or closely related field

Tools

SQL

Python

Excel

Job description

Quantitative Business Analyst wanted in Morristown, NJ to develop, and execute predictive financial and econometric models for enterprise-wide use, including credit, interest rate, liquidity risk management, balance sheet, and capital planning.

Expected Work Hours

40 a week

Job Description

Prepare and analyze large loan, deposit, and financial datasets using Structured Query Language or similar tool. Perform regressions, programming routines, and other statistical analyses. Collect and analyze benchmarking data. Serve as liaison between stress testing, model validation, and business lines. Maintain model documentation. Support regulatory reviews and ensure compliance with regulatory guidance and Enhanced Prudential Standards.

40 hours / week (M-F), salary: $134,500.00 per year plus benefits.

Requirements

Master's Degree in Statistics, Finance, or closely related, & 1 yr of experience as an Analyst, Director, or closely related role in a financial setting. Also requires 1 yr of experience (can be gained concurrently) with: quantitative financial analysis, statistical (risk or pricing) model analysis, Python, SQL, and Microsoft Excel.

Full-time/Part-time

Full-time

FLSA

Exempt

Total Rewards Summary

We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions.

In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.

Pay Range $134,500.00 - $171,900.00 / year

Pay Transparency

In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.

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Valley is an equal opportunity/affirmative action employer. All qualified applicants are encouraged to apply and will be considered for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status or characteristic.

If you are a person with a disability and need a reasonable accommodation to search or apply for a career opportunity, please call us at 800-652-6500, option 2, for assistance with an alternate method of access. A response to your accommodation request may take up to two business days. Other inquiries to this number will not receive a response.