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Associate Quantitative Risk Analyst Jobs in New Mexico

Vrtx

$172K - $258K/yr

The Associate Director role is within HEOR's Analytics Center of Excellence (CoE), a specialized ... related quantitative discipline (such as mathematics, statistics, economics, epidemiology ...

Varsity Tutors

Business Statistics Tutor

Albuquerque, NM · Remote

$18 - $40/hr

... quantitative coursework. * Conceptual Teaching & Problem-Solving: Skilled at breaking down ... risk analysis. * Curriculum Awareness & Adaptive Instruction: Familiar with business statistics ...

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All JobsAssociate Quantitative Risk Analyst JobsAssociate Quantitative Risk Analyst Jobs in New Mexico

Associate Quantitative Risk Analyst information

What is an associate quantitative risk analyst?

Associate Quantitative Risk Analysts are entry- to mid-level professionals who help financial institutions and organizations assess and manage risk using mathematical models and statistical techniques. They analyze data to identify potential risks, develop risk management strategies, and support decision-making processes. Their work often involves using quantitative software, working with large datasets, and collaborating with other risk management and finance professionals. Typically, they have backgrounds in mathematics, statistics, finance, or related fields.

What are the key skills and qualifications needed to thrive as an associate quantitative risk analyst?

To thrive as an Associate Quantitative Risk Analyst, you need a strong background in mathematics, statistics, finance, and data analysis, typically supported by a relevant degree such as in finance, mathematics, or economics. Familiarity with statistical software (like R, SAS, or Python), financial modeling tools, and possibly certifications such as FRM or CFA is highly valuable. Strong analytical thinking, attention to detail, and effective communication are crucial soft skills for interpreting complex data and presenting findings. These competencies are essential for accurately assessing financial risks and supporting informed decision-making in risk management environments.

What are some common challenges faced by associate quantitative risk analysts in their first year, and how can they overcome them?

In their first year, Associate Quantitative Risk Analysts often encounter challenges such as adapting to complex financial models, learning to interpret large datasets, and effectively communicating technical findings to non-technical stakeholders. Navigating regulatory requirements and understanding the company's risk management framework can also be demanding. To overcome these obstacles, new analysts should proactively seek mentorship, participate in team discussions, and leverage internal training resources to build both technical and soft skills. Regular collaboration with colleagues in risk, finance, and IT departments can also provide valuable insights and accelerate professional growth.

What is the difference between Associate Quantitative Risk Analyst vs Credit Risk Analyst?

AspectAssociate Quantitative Risk AnalystCredit Risk Analyst
Required CredentialsBachelor's in finance, economics, or related field; often some familiarity with quantitative methodsBachelor's in finance, economics, or related field; certifications like CFA or FRM are common
Work EnvironmentFinancial institutions, risk management teams, quantitative departmentsBanking, lending institutions, credit departments
Employer & Industry UsageUsed in risk modeling, data analysis, and quantitative assessmentsFocuses on assessing creditworthiness and loan risk

The Associate Quantitative Risk Analyst primarily focuses on developing models and analyzing data to measure financial risks, often working with quantitative tools. In contrast, a Credit Risk Analyst concentrates on evaluating the creditworthiness of borrowers and managing credit risk. While both roles require similar educational backgrounds and work within financial institutions, their core responsibilities differ—one emphasizes quantitative modeling, the other credit assessment.

What are popular job titles related to Associate Quantitative Risk Analyst jobs in New Mexico?

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The top searched job categories for Associate Quantitative Risk Analyst jobs in New Mexico are:

What cities in New Mexico are hiring for Associate Quantitative Risk Analyst jobs?

Cities in New Mexico with the most Associate Quantitative Risk Analyst job openings:

Associate Quantitative Risk Analyst jobs near you

Portfolio Analytics Manager

Sandia Laboratory Federal Credit Union

Albuquerque, NM • On-site

$83K - $104K/yr

Full-time

Re-posted 4 days ago

Job description

Job Type
Full-time
Description
Job Summary:
Responsible for the analysis and performance of Sunward's loan portfolio. Assists with the development of data-driven strategies to assess and enhance loan performance. Collaborates with various departments to provide insight into loan portfolio trends and performance metrics that align with the credit union's strategic goals to become the economic engine of the Southwest.
Essential Job Duties:
Portfolio Analysis:
  • Analyze loan product performance, identifying trends related to delinquency, charge-offs, and overall portfolio health.
  • Evaluate portfolio segmentation (e.g., loan types, geographies, credit scores) to identify areas of strength and risk, providing data insights for lending strategy adjustments.
  • Collaborate with Finance to ensure accurate forecasting of charge-offs and CECL calculations to support the Allowance for Loan Loss.
  • Conduct and communicate standard and ad hoc stress testing scenarios to determine portfolio vulnerabilities and resilience to various economic scenarios.
  • Develop and maintain key risk metrics, including delinquency ratios, net charge-off ratios, and early-stage delinquency trends.
  • Establish thresholds for key risk indicators and provide breach monitoring and escalation procedures for corrective action.
  • Build dashboards to monitor risk factors and present these insights to management and key stakeholders, enabling real-time decisions.
  • Support remediation efforts by partnering with relevant risk leaders to provide portfolio risk mitigation strategies.
  • Present portfolio performance insights and recommendations to relevant committees, including Credit Portfolio Analysis Meeting.
  • Benchmark Sunward's portfolio performance against peers and competitors to identify performance gaps and propose actionable underwriting adjustments.
  • Monitor borrower and portfolio trends in response to changes in economic conditions, including interest rate movements, unemployment trends, and housing market dynamics.
  • Provide data-driven insights to support the review of underwriting guidelines, credit risk policies, and loan pricing strategies.
  • Assist with the design and development of dashboards for risk management and reporting, including interactive tools for loan portfolio visualization.
  • Build and maintain quantitative models for scenario analysis, credit risk modeling, and forecasting, utilizing statistical methods (e.g., correlation, regression).
  • Enhance scenario analysis and market forecasting tools to optimize business strategies and capital planning.
  • Monitor portfolio concentration risk (e.g., geographic concentration, borrower segments) and recommend adjustments to mitigate exposure.

Collaboration, Reporting and Project Management:
  • Partner with business users to interpret data findings, providing risk insights and suggesting potential adjustments to business strategies.
  • Support Special Assets with financial reporting and effectiveness metrics.
  • Assist in identifying and testing robust data and modeling solutions for stress testing and credit analytics.
  • Build and maintain a forecasting framework for portfolio performance metrics.
  • Serve as admin for the Akuvo platform in creating or generating tickets to enhance metrics, systems, and efficiencies.
  • Manage project onboarding for new vendors that support technology efficiencies for Special Assets.
  • Perform other duties as assigned.
  • Work with Project Management Officer (PMO) to facilitate the effective scoping, reporting, and management/implementation of the projects.
  • Directly and indirectly supports cross-functional teams of business unit leaders, analysts, internal stakeholders, and external partners (vendors) to facilitate the on-time.

Requirements
Required Skills/Abilities:
  • Strong proficiency in Microsoft Office applications, particularly Word and Excel.
  • Advanced analytical, quantitative, and problem-solving skills.
  • Proven ability to analyze loan portfolio performance and communicate risks effectively.

Knowledge:
  • Strong knowledge of regulatory requirements, including FDCPA, FCRA, SCRA, and others.
  • Familiarity with loan underwriting, collections, and financial statement analysis.
  • Solid understanding of asset recovery and liquidation including applicable regulatory reporting requirements.
  • Strong knowledge of consumer lending, and related collection practices
  • Strong financial acumen with experience in budgeting, forecasting, and P&L management.
  • Familiar with Allowance for Loan Loss calculation under Current Expected Credit Loss ("CECL") standard
  • Familiar with statistical methods (e.g correlation, regressing, clustering, etc.)
  • Knowledge of data visualization tools like Tableau or PowerBI, Oracle Business Intelligence, or similar tools.

Education and Experience:
  • Minimum six years' combined experience in financial portfolio analysis, consumer and commercial loan underwriting requirements, collections, or a closely related field
  • Minimum bachelor's degree in business administration, finance, accounting, data science or related field, or more than six years of related experience.

Physical Requirements:
Frequent periods of sitting at a desk and working on a computer.
Must be able to lift 20 pounds at times.
Salary Description
$83,524.00 - $104,405.00

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