Sr. Quantitative Analyst

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 assetsAct as an individual contributor and leader of working groups
•     Use Python or R for data consumption, aggregation, analysis, and model developmentUtilize Power BI to develop portfolio analytics and communicate with the line-of-business and operations partners
•     Utilize Microsoft Office products for analysis, documentation, and presentationCommunicate 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 regulatorsParticipate in the research, design, and implementation of new financial products and portfolio strategies
•     Evaluate model output, summarize, and articulate results to stakeholders and senior managementDevelop data environment to support needs of all quantitative activities
•     Review academic and industry research, present summaries to partners and senior leadership, and suggest practical applicationsAdditional Essential FunctionsEnsure 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 efficiencyWork as part of a team
•     Work with on-site equipmentWhat You Bring to the TeamRecommend improvements to procedures
•     Minimize departmental non payroll costsRecommend customer service enhancementsSafety and Health for those without supervisory duties 
•     Abide by the rules of the safety and loss prevention programPerform work tasks in a safe manner
•     Report any and all injuries to supervisorKnow what to do in case of an emergencyQUALIFICATIONSTo 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 Experience6 - 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 CertificationsCFA    
• 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.