Sr. Quantitative Analyst

Northwest; Bellevue, Northern (Allegheny County, KY); Hybrid; USD 120,000 - 160,000; Full time

Job summary

Northwest Bancshares, Bellevue, PA, is seeking a Senior Quantitative Analyst II to lead design, development, and maintenance of complex financial models across loan and deposit lifecycles.

The role involves leading working groups, applying Python or R for data analysis, and building portfolio analytics with Power BI for senior management and partners.

Qualifications

• Bachelor's degree in physics, mathematics, statistics, economics, or other quantitative field.
• Master's degree in a field related to physics, mathematics, statistics, economics, or other quantitative discipline.
• 6-8 years work experience in a Financial Institution or Consulting Organization.
• Experience programming in Python or R.
• Experience programming in SQL, SAS, Java, C+, C++, or Julia.

Responsibilities

• Design, develop, implement, maintain, and execute complex financial models for loss forecasting and portfolio optimization.
• Lead working groups and collaborate with cross-functional teams.
• Develop portfolio analytics using Python or R and Power BI.
• Communicate with line-of-business partners and regulators; respond to reviewers and auditors.
• Develop data environments to support quantitative activities.
• Review research and present summaries to senior leadership.

Skills

Leadership

Communication

Data analysis

Team collaboration

Education

Bachelor's degree in physics, mathematics, statistics, economics, or related quantitative field

Master's degree in a related quantitative discipline

Tools

Python

R

SQL

SAS

Java

C++

C+

Julia

Job description

OH0713 NW Bancshares HQ, PA0258 Bellevue Job Description The Senior Quantitative Analyst II is responsible for contributing to and managing large projects related to the support, development, and maintenance of complex financial models used throughout the loan and deposit product lifecycle. These models could be rules-based or developed with more advanced statistical, mathematical, econometric, machine learning, or artificial intelligence techniques. This position is also responsible for developing quantitative tools used in the areas of pricing, profitability, and product strategy.

Essential Functions

• Design, Develop, Implement, Maintain, and Execute complex financial models used for loss forecasting, scenario and stress testing, originations & collections, pricing, and portfolio optimization for retail, consumer, and commercial assets
• Act as an individual contributor and leader of working groups
• Use Python or R for data consumption, aggregation, analysis, and model development
• Utilize Power BI to develop portfolio analytics and communicate with the line-of-business and operations partners
• Utilize Microsoft Office products for analysis, documentation, and presentation
• Communicate with line-of-business and operations partners to identify needs and develop requirements
• Work with Model Owners to engage with and satisfy independent reviewers, auditors, validators, and regulators
• Participate in the research, design, and implementation of new financial products and portfolio strategies
• Evaluate model output, summarize, and articulate results to stakeholders and senior management
• Develop data environment to support needs of all quantitative activities
• Review academic and industry research, present summaries to partners and senior leadership, and suggest practical applications

Additional Essential Functions

• Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
• Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
• Work as part of a team
• Work with on-site equipment

What You Bring to the Team

• Recommend improvements to procedures
• Minimize departmental non payroll costs
• Recommend customer service enhancements

Safety and Health for those without supervisory duties

• Abide by the rules of the safety and loss prevention program
• Perform work tasks in a safe manner
• Report any and all injuries to supervisor
• Know what to do in case of an emergency

QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education Bachelor's Degree Undergraduate degree in a field related to physics, mathematics, statistics, economics, or other quantitative discipline Master's Degree Master's degree in a field related to physics, mathematics, statistics, economics, or other quantitative discipline

Work Experience 6 - 8 years Work experience in a Financial Institution or Consulting Organization Experience programming in Python or R Experience programming in SQL, SAS, Java, C+, C++, or Julia 3 - 5 years Years of experience in a Financial Institution or Consulting Organization may be relaxed if the candidate has extensive subject matter expertise in the areas of Operational Risk, Market Risk, Machine Learning, Artificial Intelligence, Stress Testing, or 3rd Party Vendor Models

General Employee Knowledge, Skills, and Abilities

• Ability to establish effective working relationships among team members and participate in solving problems and making decisions
• Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or written
• Ability to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and information
• Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and information
• Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas

Licenses and Certifications

CFA Charterholder Certification from the CFA Institute or pursuit thereof Financial Risk Manager Financial Risk Manager (FRM) Certification from GARP or pursuit thereof preferred

NWester is an equal opportunity employer. We are committed to creating an inclusive environment for all employees. At Northwest, we’re here for what's next. Whether we're finding opportunities for families, businesses and communities or opening doors for our team, we share a passion for helping the people around us succeed. And we know that in order to provide the highest level of care, we need to understand unique experiences and perspectives. That's why, whether you're interested in a corporate role or something customer-facing, your talent and voice matter. Here, you belong. Working at Northwest, you'll find that we recognize our employees for the important work they do through competitive compensation and benefits, professional development opportunities and by regularly celebrating wins along the way. So, take a look at the opportunities here. And join us as we move into the future making a difference for the people we serve.