Sr. Quantitative Analyst

Northwest Bank; North Carolina; On-site; USD 110,000 - 170,000; Full time

Job summary

Northwest Bank in the United States seeks a Senior Quantitative Analyst II to lead the design and management of complex financial models for loss forecasting, pricing, and portfolio optimization across retail, consumer, and commercial assets.

The ideal candidate will use Python or R for data analysis, develop portfolio analytics with Power BI, and collaborate with partners to align models with regulatory expectations and strategic goals.

Qualifications

• Bachelor’s degree in physics, mathematics, statistics, economics, or related quantitative field
• Master’s degree in a related quantitative discipline preferred
• Experience programming in Python or R is required
• Experience with SQL/SAS/Java/C+/C++/Julia is expected

Responsibilities

• Design and maintain complex financial models for loss forecasting and portfolio optimization
• Lead working groups and communicate results to senior management
• Develop data environments to support quantitative activities
• Use Python or R for data consumption, analysis, and model development
• Create portfolio analytics with Power BI for partners and stakeholders
• Engage with model owners, reviewers, and regulators during validation processes

Skills

Python

R

SQL

SAS

Java

C++

Julia

Education

Bachelor's degree in a quantitative field

Master's degree in a quantitative field

Tools

Power BI

Office Suite

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

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

Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.