Quantitative Risk Analyst

WSFS Bank; Pennsylvania; On-site; USD 64,491 - 105,949; Full time

Benefits offered by this job

Medical, Dental, Vision

401(k) plan

Life, Disability insurance

FSAs/HSAs

Wellness programs

Parental leave

Paid holidays

Job summary

WSFS Bank seeks an experienced quantitative analyst to support credit risk modeling and analytics for commercial small business risk. The role involves building, validating, and monitoring ED and PD credit models, with emphasis on translating modeling output to business decisions for leadership.

The ideal candidate combines business analysis, process knowledge, and quantitative skills to ensure modeling aligns with business intent and SR11-7 guidelines.

Qualifications

• Bachelor’s degree in Mathematics/Statistics, Operations Research, Economics, Finance, or other quantitative discipline; or 4+ years’ Risk/Finance experience.
• Three (3) plus years of commercial small business credit modeling experience.
• Two (2) plus years of Consumer Lending statistical modeling/analytics, preferably ALL and/or Loss Forecasting modeling for credit cards.
• Two (2) plus years coding with Python, PySpark or other equivalent language within the past Five (5) years

Responsibilities

• Assist in constructing a Credit Decision Scorecards and statistically based credit risk modeling strategies.
• Assist in developing data collection, processing and analyzing customer and 3rd party data for implementing credit risk strategies.
• Plan and execute self-driven analytics on large data sets using next generation technologies and prepare analyses to support discussions with leadership.
• Validate credit default rates from portfolio attributes and make recommendations on models and policies.
• Work with sales management on risk-based pricing strategies to optimize dealer profitability.
• Oversee the credit data mart used for reporting and portfolio monitoring.
• Support ongoing and future projects with the senior team.
• Create visualizations of data for management decision-making.
• Maintain procedures and model documentation in compliance with SR11-7 and risk policy.
• Maintain and present analytical reports for senior management and regulatory exams

Skills

Quantitative analysis

Model development

Statistical methods

Communication

Data science best practices

Education

Bachelor’s degree in Mathematics/Statistics/OR/Economics/Finance

Tools

Python

PySpark

Job description

Job Description

NewLane Finance is seeking an individual to assist the credit and risk modeling and analytics function using data to advance credit risk behavior and quantification of these risk and return tradeoffs through the deployment of models and algorithms to optimize such strategies. This role will be responsible for providing analytical/quantitative input to help develop, implement, and monitor the build of complex commercial small business Expected Default (ED) and Probability of Default (PD) credit default models.

The successful candidate will use their business analysis, process, and quantitative knowledge to ensure business intent is matched with modeling outcome, and document development decisions under SR11-7 guidelines. In addition to responsibilities on individual modeling projects this role will be expected to work on ad-hoc projects as needed. Communicating model mechanics and articulating nuances to leadership will be an important aspect of the role. This is a great opportunity for someone who is a modeler/statistician/data analyst/coder (or a combination) with experience in commercial small business credit analysis.

Key Responsibilities:

• Assist the Quantitative Risk Manager in constructing a Credit Decision Scorecards and statistically based credit risk modeling strategies based on quantitative modeling methods (e.g., good / bad definition, performance sample windows, sample size and exclusions).
• Assist in developing and implementing a framework for data collection, processing and analyzing customer and 3rd party data (e.g., PayNet, D&B, consumer credit bureaus) for implementing credit risk strategies
• Plan and execute self-driven analytics on large data sets (structured and unstructured data) using next generation technologies, prepare analysis and reports to support discussions on key analytics and model aspects to drive decision making
• Validate credit default rates from portfolio attributes (e.g., delinquencies, EOD, loss curves, dealer performance) and make recommendations on credit model and policies
• Work with sales management on risk-based pricing strategies optimizing dealer conversion rates and profitability.
• Oversight of credit data mart used for reporting and portfolio performance monitoring.
• Supporting ongoing and future projects working with the senior team.
• Ability to create visualizations of data and/or quantitative information for management decision-making
• Support building and enhancing procedures and model documentation in compliance with regulatory guidance as well as the Bank’s model risk policy
• Maintain current/develop new analytical reports and presentations for senior management, executive committees, and regulatory exams

Experience:

• Bachelor’s degree in Mathematics/Statistics, Operations Research, Economics, Finance, or other quantitative discipline; or in lieu of a degree, four (4) plus years’ experience in Risk, Finance, Consumer Lending
• Three (3) plus years of commercial small business credit modeling experience.
• Two (2) plus years of experience in Consumer Lending statistical modeling/analytics, preferably related to ALL and/or Loss Forecasting modeling for credit cards.
• Two (2) plus years in coding with Python, PySpark or other equivalent language within the past Five (5) years

Desired Characteristics:

• Demonstrated experience with SAS and other statistical methods.
• Proven decision-making role constructing credit models in a regulated environment
• Strong quantitative and analytical skills in statistical analysis and data science best practices
• Strong communication and partnering skills

Salary Range:

$64,491.00 - $105,949.50

Individual base pay may vary on additional factors such as the candidate’s experience, job-related skills, relevant education, geographic location, and other specific business and organizational needs.

In addition to base salary, WSFS Financial Corporation (WSFS) and its subsidiaries may offer eligible Associates discretionary and formula-based incentive and retention awards. WSFS provides a competitive benefits package, which includes medical, dental, and vision coverage; a 401(k) plan; life, accident, and disability insurance; flexible spending accounts (FSAs) and health savings accounts (HSAs); and wellness programs. Additional benefits may include paid parental leave, military leave, vacation and other paid time off, sick leave in accordance with applicable state laws, and paid holidays. Benefit offerings are subject to eligibility requirements, legal limitations, and may vary based on an Associate’s location and employment status. For more information about Associate benefits, please visit https://www.wsfsbank.com/about/careers/.

WSFS Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the WSFS Bank Careers website or submission process, please contact us via email at [e-mail].

WSFS is an equal opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.