Quantitative Risk Analyst: Model Validation & Analytics

FirstBank; San Juan (PR); On-site; USD 85,000 - 115,000; Full time

Job summary

FirstBank PR is seeking a Quantitative Analyst to understand and validate modeling methodologies and support risk management under the MRM framework. You will apply statistical techniques to assess design, data quality, performance, and controls.

This early-career analytics role offers exposure to model governance, regulatory expectations, and advanced analytical methods while collaborating with cross-functional teams.

Qualifications

• Bachelor’s degree in Math, Economics, Demography, Finance, Statistics, Engineering or other quantitative disciplines is required.
• 2+ years working experience in risk management, statistical analysis, modeling, or other quantitative discipline.
• Proficiency in at least one programming language such as R, Python, SQL, or equivalent.

Responsibilities

• Manage multiple tasks while meeting deadlines.
• Identify opportunities to improve processes, workflows, and efficiency.
• Review model documentation to ensure it is clear and complete.
• Analyze datasets and confirm their quality and suitability for model use.
• Help ensure appropriate controls and processes are in place to reduce risk.
• Understand how models work, including data inputs, assumptions, and outputs.
• Review and assess models to ensure results are reasonable and reliable.
• Evaluate model performance (accuracy, consistency, and sensitivity).
• Prepare concise reports and communicate key findings to stakeholders.
• Collaborate with model developers, business teams, and other partners.
• Monitor models over time and identify potential performance issues.
• Support audits and regulatory-related requests when needed.
• Perform reperformance analysis, including the use of challenger models, to test and compare existing approaches.
• Proficient in Microsoft Office knowledge in Word, Excel (Advanced) and Power Point.

Skills

Statistical analysis

Data analysis

Programming (R/Python/SQL)

Education

Bachelor’s degree in Math, Economics, Demography, Finance, Statistics, Engineering or other quantitative disciplines

Tools

Excel

PowerPoint

Word

Job description

FirstBank PR is seeking a Quantitative Analyst to understand and validate modeling methodologies and support risk management under the MRM framework. You will apply statistical techniques to assess design, data quality, performance, and controls.

This early-career analytics role offers exposure to model governance, regulatory expectations, and advanced analytical methods while collaborating with cross-functional teams.