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The Analyst uses a combination of quantitative, modeling, project coordination, communication, and ... Other duties and special projects may be assigned. * Assist with the Credit Risk model Ownership ...
The Credit Risk Analytics Manager uses a combination of quantitative, modeling, communication, and technical reporting skills to manage third-party credit risk models and lead rigorous model ...
The Credit Risk Analytics Manager uses a combination of quantitative, modeling, communication, and technical reporting skills to manage third-party credit risk models and lead rigorous model ...
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Analyze and monitor algorithmic trading performance * Improve execution and trading workflows by ... Partner with technology, data, and trading teams to streamline processes Risk & Controls * Support ...
Analyze and monitor algorithmic trading performance * Improve execution and trading workflows by ... Partner with technology, data, and trading teams to streamline processes Risk & Controls * Support ...
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Our team is skilled in market analysis, trading, risk management and delivering tailored customer ... quantitative studies and analyses of spot/forward prices and volatilities for making pricing ...
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Our team is skilled in market analysis, trading, risk management and delivering tailored customer ... quantitative studies and analyses of spot/forward prices and volatilities for making pricing ...
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Identifies qualitative and quantitative improvement measures * Advises on the selection of key ... risk management * 3+ years in root cause corrective analysis * 5+ years of managing multiple ...
Identifies qualitative and quantitative improvement measures * Advises on the selection of key ... risk management * 3+ years in root cause corrective analysis * 5+ years of managing multiple ...
Identifies qualitative and quantitative improvement measures * Advises on the selection of key ... risk management * 3+ years in root cause corrective analysis * 5+ years of managing multiple ...
Identifies qualitative and quantitative improvement measures * Advises on the selection of key ... risk management * 3+ years in root cause corrective analysis * 5+ years of managing multiple ...
Identifies qualitative and quantitative improvement measures * Advises on the selection of key ... risk management * 3+ years in root cause corrective analysis * 5+ years of managing multiple ...
Identifies qualitative and quantitative improvement measures * Advises on the selection of key ... risk management * 3+ years in root cause corrective analysis * 5+ years of managing multiple ...
Identifies qualitative and quantitative improvement measures * Advises on the selection of key ... risk management * 3+ years in root cause corrective analysis * 5+ years of managing multiple ...
Identifies qualitative and quantitative improvement measures * Advises on the selection of key ... risk management * 3+ years in root cause corrective analysis * 5+ years of managing multiple ...
Identifies qualitative and quantitative improvement measures * Advises on the selection of key ... risk management * 3+ years in root cause corrective analysis * 5+ years of managing multiple ...
Identifies qualitative and quantitative improvement measures * Advises on the selection of key ... risk management * 3+ years in root cause corrective analysis * 5+ years of managing multiple ...
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... Risk Management and Compliance, you will design, implement, and oversee a comprehensive control framework tailored to the unique risks in quantitative modeling and analytics. You will partner with ...
... Risk Management and Compliance, you will design, implement, and oversee a comprehensive control framework tailored to the unique risks in quantitative modeling and analytics. You will partner with ...
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... Risk Management and Compliance, you will design, implement, and oversee a comprehensive control framework tailored to the unique risks in quantitative modeling and analytics. You will partner with ...
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$70K/yr
Additionally, the Senior Fraud Analysts will help develop new fraud risk reporting utilizing ... Excellent analytical and quantitative skills, including root cause and trend analysis * Ability to ...
Quantitative Risk Analyst information
See Florida salary details
$42.2K - $54.7K
4% of jobs
$54.7K - $67.2K
10% of jobs
$67.2K - $79.6K
10% of jobs
$81.3K is the 25th percentile. Wages below this are outliers.
$79.6K - $92.1K
12% of jobs
The median wage is $96.4K / yr.
$92.1K - $104.6K
43% of jobs
$104.6K - $117K
9% of jobs
$117K - $129.5K
11% of jobs
$129.5K - $142K
0% of jobs
$142K - $154.4K
1% of jobs
$154.4K - $166.9K
2% of jobs
$166.9K - $179.3K
0% of jobs
$42.2K
$100K
$179.3K
How much do quantitative risk analyst jobs pay per year?
What are some common challenges a Quantitative Risk Analyst faces when integrating new data sources into risk models?
What are the key skills and qualifications needed to thrive as a Quantitative Risk Analyst, and why are they important?
What is the difference between Quantitative Risk Analyst vs Credit Risk Analyst?
| Aspect | Quantitative Risk Analyst | Credit Risk Analyst |
|---|---|---|
| Required Credentials | Degree in finance, economics, or mathematics; certifications like FRM or CFA | Degree in finance, economics, or related; certifications like FRM or CFA often preferred |
| Work Environment | Financial institutions, investment firms, risk management departments | Banks, lending institutions, credit agencies |
| Employer & Industry Usage | Used across finance sectors for risk modeling and analysis | Primarily in banking and lending for assessing creditworthiness |
| Comparison Search Intent | Understanding differences in risk analysis roles | Distinguishing credit-specific risk roles from broader risk analysis |
While both roles involve risk assessment and require similar credentials, a Quantitative Risk Analyst focuses on modeling and analyzing various financial risks using quantitative methods across multiple risk types. In contrast, a Credit Risk Analyst specializes in evaluating creditworthiness and managing credit risk specifically within lending and banking sectors.
What is a Quantitative Risk Analyst?
Full-time
Posted 17 days ago
Job description
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.
- Assist with the Credit Risk model Ownership and become an experienced user of third-party vendor credit loss models for CRE, C&I, and Residential loans. This includes periodic analytical review of model performance and updates, as well as, maintaining internal model documentation consistent with internal and regulatory expectations.
- Advance and refine our use of Moody's CMM, RiskCalc, and MPA models. This includes using Moody's models and leveraging external and internal data to drive improvements in credit risk accuracy and utilizing the outputs to further backtesting, credit risk attribution, and reserving initiatives.
- Run and execute credit models to produce estimates and behaviors of credit risk (PD & LGD) for purposes of ACL estimation, business plan forecasting and other needs.
- Develop proficiency in third-party vendor reserve calculation engine (Evolv), including in- depth knowledge of calculation logic and business rules. Perform periodic calculation runs, testing/debugging and report building.
- Compile quarterly ACL documentation for executive management and internal and external auditor consumption, including methodology and quarterly results memo documents.
- Compile and present quarterly current economic assessment package for review and challenge by the Economic Forecast Committee.
- Conduct interactive discussions with credit model experts, data scientists, accounting, credit and other key stakeholders to refine and improve ACL estimation and credit model performance efforts and other initiatives.
- Work closely with both internal and external auditors to assist in understanding of ACL methodology, credit model assumptions, quarterly results, data ETL process and ASC 326-20 (CECL) application.
- Present quarterly results and other ad-hoc decisions to executive management and other key stakeholders for challenge and review.
- Periodic reporting on ACL and models performance. This includes report generation in a wide variety of formats including but not limited to Tableau dashboards, Microsoft Excel report, PowerPoint presentations and Microsoft Word reports, on a periodic as well as ad-hoc basis.
- Drive the automation of modeling routines as well as report and dashboard generation in a manner that drives consistency, accuracy and repeatability in reporting.
- Work closely with the data and technology teams to improve the data infrastructure needed to support the above initiatives.
- Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
- Adheres to Bank policies and procedures and completes required training.
- Identifies and reports suspicious activity.
EDUCATION
Degree in a quantitative discipline (eg Statistics, Finance, Mathematics, Engineering, Economics) required
EXPERIENCE
- 1+ years' experience in financial services (banking, asset management, insurance, etc) with some direct exposure to analytics and/or modeling applied to finance and risk
- Experience in using MS Office products, particularly Excel, Word, and PowerPoint required
- Experience in creating and generating reports using Tableau preferred
- Experience with programming languages, particularly Python preferred
- Experience with general statistical and quantitative modeling techniques required
- Experience utilizing and merging data from a variety of databases required
CERTIFICATES, LICENSES, REGISTRATIONS
- CFA, PRM, FRM a plus
KNOWLEDGE, SKILLS AND ABILITIES
- Able to understand credit risk (e.g., PD, LGD) and cash flow calculations and mechanics.
- Able to use this understanding to interpret and discover inconsistencies in credit risk results and to provide insight into the credit risk outputs and enhance the modeling capabilities of the team
- Strong communication skills (both verbal and written) with the ability to articulate complex concepts into a format digestible by a diverse audience
- Strong interpersonal skills to aid in working with different divisions within the company
- Ability to work under pressure, meet deadlines, manage competing initiatives, and adapt to an ever-changing work pace with a focus on accuracy and attention to detail
ADDITIONAL INFORMATION
- Candidates residing in locations within BankUnited's footprint may be given preference.
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About BankUnited
Sourced by ZipRecruiter
Industry
Commercial banking
Company size
1,001 - 5,000 Employees
Headquarters location
Miami Lakes, FL, US
Year founded
2009