Senior Quantitative Risk Modeler – ALM & IRR

First Tech Federal Credit Union; Marlborough (MA); Hybrid; USD 147,000 - 176,000; Full time

Benefits offered by this job

Health/dental/vision insurance

401(k) match

Paid time off

Paid federal holidays

Employee pricing on financial services

Job summary

First Tech Federal Credit Union is seeking a Principal Quantitative Modeler to lead quantitative methodologies, behavioral modeling, and scenario design for balance-sheet management and risk decisions. You will own calibration, back testing, and ongoing monitoring while translating insights into actionable guidance for senior management.

Responsibilities include leading scenario design, model governance, and producing reproducible analytics with Python/SQL.

Qualifications

• Bachelor's degree in a field relevant to role or 4+ years of equivalent experience.
• 8–12 years of relevant experience in quantitative finance or risk modeling.
• Strong expertise in quantitative finance, statistics, econometrics, mathematics, or related discipline.
• Proven ability to build, calibrate, back test, monitor, document, and interpret complex models using Python, SQL, or similar platforms.
• Deep knowledge of balance-sheet risk concepts including NII/earnings-at-risk, EVE/NEV, deposits, liquidity, prepayments, and hedging.
• Ability to translate complex quantitative findings into clear, decision-relevant recommendations for executives and regulators.

Responsibilities

• Own, develop, refine, calibrate, and monitor quantitative models used for ALM and risk analytics.
• Lead scenario design, calibration, back testing, and documentation for multiple analytics.
• Provide final technical review of model changes before governance approval.
• Translate model results into clear recommendations for senior management and committees.
• Support the integrity of the ALM production environment with robust governance and controls.
• Build reproducible analytics and decision-support tools using Python and SQL.
• Lead first-line model governance and respond to independent validation and audits.

Skills

Quantitative finance

Statistics

Econometrics

Python

SQL

ALM

Model governance

Balance-sheet risk

Data analysis

Education

Bachelor's degree or 4+ years experience

Tools

Python

SQL

Job description

First Tech Federal Credit Union is seeking a Principal Quantitative Modeler to lead quantitative methodologies, behavioral modeling, and scenario design for balance-sheet management and risk decisions. You will own calibration, back testing, and ongoing monitoring while translating insights into actionable guidance for senior management.

Responsibilities include leading scenario design, model governance, and producing reproducible analytics with Python/SQL.