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ERM Quantitative Analyst

BECU

Tukwila, WA

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JOB DETAILS
JOB TYPE
Full-time, Employee
SKILLS
Analysis Skills, Asset Management, Benchmarking, Business Transformation, Cash Flow, Credit Risk, Credit Union, Data Analysis, Data Quality, Economics, Financial Liability, Financial Mathematics, Fixed Asset Management, Fixed Income Investments, Interest Rates, Liquidity, Loans, Mathematics, Performance Analysis, Performance Modeling, Philosophy, Process Modeling, Python Programming/Scripting Language, Quantitative Analysis, R Programming Language, Regulations, Reporting Skills, Risk, Risk Analysis, Risk Management, Risk Modeling, Securities, Statistical Modeling, Statistics, Treasury, Tuition Reimbursement
LOCATION
Tukwila, WA
POSTED
30+ days ago
Is it surprising to hear that a financial institution of 1.5 million members and over $30 billion in managed assets say that success comes from focusing on people, not profits?

Our "people helping people" philosophy has guided us since 1935, driving our deep commitment to serving our members, communities, and each other. When you join our team, you become part of a purpose-driven organization where your work makes a real difference.

While we're proud of our history, we're even more excited about our future. With business and technology transformation on the horizon, there's never been a better time to be part of BECU.

PAY RANGE

The Target Pay Range for this position is $72,322 - $150,200 annually. At BECU, compensation decisions are determined using factors such as relevant job-related skills, experience, and education or training. Should an offer for employment be made, we will consider individual qualifications. In addition to your salary, compensation incentives are available for the hired applicant. Incentives are performance based and targets vary by role.

BENEFITS - because people helping peoplestarts with supporting you

401(k) Company Match (up to 3%)

4% annual contribution to your 401(k) by BECU

Medical, Dental and Vision (family contributions as well)

PTO Program + Exchange Program

Tuition Reimbursement Program

BECU Cares volunteer time off + donation match

ERM Quantitative Analyst - Credit Unions in the State of Washington Boeing Employees' Credit Union d/b/a Boeing Employees' Credit Union d/b/a/ BECU. (Tukwila, WA).

Responsibilities:

Assist in independent validations of quantitative statistical models, as defined in regulatory guidance OCC 2011-12 and Federal Reserve SR 11-7, using advanced statistical, quantitative, or econometric techniques. Provide assessments and analysis of data and data quality to ERM and model owners for analytical and modeling purposes. Maintain the firmwide Model Inventory and processes around model maintenance and performance tracking. Apply mathematical and statistical techniques to support counterparty credit risk and market risk management, analytics, and reporting of Treasury activities and functions, including interest rate and liquidity risk management. In addition, support the build out of an economic capital framework. Support risk modeling of securities, deposits, loans, and derivatives, through the use of cash flow engine tools such as PolyPaths and prepayment models. Research and gain expertise on existing and new financial product offerings at BECU. In addition, understand risks relation to investment products, asset liability management and fixed income hedging tools. Create independent challenger models for the benchmarking of existing and proposed champion models. Monitor risk activities by developing automated reporting tools. Support risk report generation and analysis for senior management.

Requires: Master's degree or foreign equivalent in Mathematics, Applied Mathematics, Statistics, Financial Engineering, Economics, Quantitative Finance, or a closely related field AND knowledge of statistical analysis tools including both R and Python; and knowledge of market and credit risk.

Additional Information

Telecommuting permitted 3 days per week within Seattle, WA metropolitan area. Health care, retirement, and PTO benefits.

EEO Statement:

BECU is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability, sexual orientation, gender identity, or any other protected status.

About the Company

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BECU