Company: Fifth Third Bank
Employee Type:
Full-Time
City:
Cincinnati
State:
OH
Job Type:
Finance
Accounting

Job Posted Date:
8/23/2014

Player for use on Company Profiles
Quantitative Analyst -Consumer Credit Risk
Employment Type : Regular

FLSA Status : Exempt

Posted Date : 5/22/2014

Grade : 14

Affiliate : FIFTH THIRD BANK, CINCINNATI

Quantitative Analyst General Function:

The general function for this position is general risk model development, validation and documentation. Primary focus will be on the development, selection and implementation of quantitative models related to credit risk to support various consumer portfolio products, including bankcard, auto, mortgage and equity products.

Qualified candidates should have proven outstanding academic background and excellent communication skills. The candidate must be able to multi-task effectively and above all be results oriented. The desirable candidate is able to think out of box and have the ability to work effectively in a collaborative work environment.

Position emphasis will be

(1) Develop or recalibrate industry leading credit risk score to support Fifth Third consumer portfolios. The model or scorecard development includes but not limited to

 Stress Testing Models, including PD, LGD and EAD models estimation.

 Behavior score or Collection score

 Acquisition score or Origination score

 Bankruptcy projection score

 Loss prevention or Loss mitigation score.

 

(2) Provide business and statistical analytical support to Fifth Third consumer products (auto, credit card, home equity, and mortgage). The analysis includes but not limits to support mapping to stress testing, collections, and portfolio management.

 

(3) Evaluate existing In-house data and Bureau data related to Fifth Third consumer products (auto, credit card, home equity, and mortgage). Analyze historical data on relevant financial ratios and other external market data consumer products (auto, credit card, home equity, and mortgage) to get an understanding of their distribution to support model development, recalibration and analysis.

 

(4) Design and implement an effective model validation framework to evaluate soundness of modeling concepts, ongoing monitoring and outcome analysis. Conduct review of custom models and provide oversight to model development projects.

 

(5) Thoroughly document model development, model validation, business and statistical analysis for all consumer products.

 

(6) Leverage analytic capabilities in overall decision making and risk identification. Support ad-hoc Line of Business requests for quantitative modeling of potential new businesses. Complete other projects and tasks as assigned by management.

 





MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

 

 




 

(1) PhD degree in Econometrics, Statistics, Finance or similar degree with proven outstanding academic background.

 

(2) Must have Database experience, proficient with application of SAS and SQL language, and General Microsoft products.

 

(3) Strong communication and project management skills.

 





Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $130 billion in assets, operates 17 affiliates with 1,320 full-service Banking Centers, including 104 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,586 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 25% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2013, had $302 billion in assets under care, of which it managed $27 billion for individuals, corporations and not-for-profit organizations.

Fifth Third Bank is proud to be an affirmative action/equal opportunity employer. Minorities / Females / Individuals with Disabilities / Protected Veterans

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