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Company Contact Info

  • Birmingham, AL
  • Regions

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Quantitative Modeling Analyst - BSA/AML/OFAC

Regions Bank • Birmingham, AL

Posted 16 days ago

Job Snapshot

Full-Time
Banking - Financial Services
Banking
3

Applicants

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Job Description

At Regions, the Quantitative Modeling Analyst is responsible for developing quantitative/analytic models and applications in support of the firm's risk management effort.

At Regions, the Quantitative Modeling Analyst is responsible for developing quantitative/analytic models and applications in support of the firm's risk management effort. Associates in this job family is typically in a corporate function providing support across the entire firm or to multiple business segments.


Primary Responsibilities

  • Develops analytical methods and models that assess the market, credit and / or operational risks of new and existing financial products
  • Participates in the research, design and implementation of new financial products or in the development of trading or hedging strategies
  • Consults with the business segments in researching the development of risk management models for new and existing products
  • Develops various analytic models including sensitivity analyses, stress testing, value-at-risk, scenario testing, and Monte Carlo simulations
  • Is focused on the development of the theory and mathematics behind various models

This position is exempt from timekeeping requirements under the Fair Labor Standards act and is not eligible for overtime pay.


Requirements

  • Bachelors degree in Statistics, Mathematics, or Quantitative Finance and four years related experience
  • Or Masters degree in Statistics, Mathematics, or Quantitative Finance with two years related experience

Skills and Competencies

  • Proficiency with SAS, SQL and Visual Basic Script within Microsoft Excel
  • Advanced data management skills
  • Ability to source data and convert it into a usable form without the benefit of a fully-developed data mart

Preferences

  • Ph.D in Statistics, Mathematics, or Quantitative Finance
  • Chartered Financial Analyst (CFA)
  • Financial Risk Manager (FRM)

Department Specific Additional Info:

The BSA AML OFAC Risk Quantitative Modeling Analyst is responsible for assisting in the development of quantitative/analytic models/applications, robust developmental testing, documents evidence to support model effectiveness and provide ongoing monitoring and reporting to the Model Owner(s) in BSA AML OFAC Compliance and Operations.


Primary Responsibilities

  • Develop/assist with the designs and construct of in-house and vendor supported models. This includes working on coding theories, inputs, methodologies, testing, processing, formatting of output, ongoing monitoring and periodic tuning.
  • Actively monitors models for performance and optimization and provides analytical/reporting information to the Model Owner(s) so they can assess the reliability of the model.
  • Works with Model Owner(s) to create and maintain a BSA AML OFAC model risk governance structure, including area‐specific policies and procedures that guide ownership, development, processing and use.
  • Integrates and is responsible for robust developmental testing and ongoing monitoring program as part of the model design.
  • Provides Model Owner(s) and/or committees with governance reporting.

Skills:

  • Proficiency with SAS, SQL and Visual Basic Script within Microsoft Excel
  • Ability to source data and convert it into a usable form without the benefit of a fully-developed data mart
  • Statistical Hypothesis Testing, Stratified Sampling, Probability Theory
  • Cluster Analysis Techniques, Rare Event Logistic Regression, Discriminant Analysis, Machine Learning Algorithms
  • Experience with AML monitoring systems, customer risk rating for Enhanced Due Diligence, or Office of Foreign Asset Control (OFAC) monitoring.
  • Experience with scoring model development.
  • Experience with relational databases.


The position is located at our Regions Center (Downtown).

Job ID: R5146
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