Quantitative Analyst II

About the role

The Quantitative Analyst II supports the development and maintenance of complex financial models used throughout the loan and deposit product lifecycle. These models can incorporate various techniques including rules-based, statistical, mathematical, econometric, machine learning, and artificial intelligence.

Responsibilities

• Develop, implement, maintain, and execute complex financial models for loss forecasting, scenario and stress testing, originations & collections, pricing, and portfolio optimization for retail, consumer, and commercial assets.
• Support the design of these models.
• Utilize Python or R for data consumption, aggregation, analysis, and model development.
• Utilize Power BI to develop portfolio analytics and communicate with the line-of-business and operations partners.
• Utilize Microsoft Office products for analysis, documentation, and presentation.
• Communicate 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 regulators.
• Participate in the research, design, and implementation of new financial products and portfolio strategies.
• Evaluate model output, summarize, and articulate results to stakeholders and senior management.
• Develop data environment to support needs of all quantitative activities.
• Review academic and industry research, present summaries to partners and senior leadership, and suggest practical applications.

Qualifications

• Education: Bachelor's Degree in a field related to physics, mathematics, statistics, economics, or other quantitative discipline; Master's Degree preferred.
• Experience: 2 - 3 years of work experience in a Financial Institution or Consulting Organization.
• Technical Skills: Experience programming in Python or R; Experience programming in SQL, SAS, Java, C+, C++, or Julia.

Additional Essential Functions

• Ensure 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 efficiency.
• Work as part of a team.
• Work with on-site equipment.

Additional Responsibilities

• Keep abreast of current best industry practices, research, and professional growth opportunities.
• Manage personal and departmental workload/workflow.
• Prepare analysis and reports for partners and senior leadership.
• Minimize departmental non payroll costs.
• Recommend improvements to processes and procedures.
• Recommend customer service enhancements.
• Maximize technology tools available.
• Complete other projects as assigned.

Safety and Health

• Absorb and comply with the rules of the safety and loss prevention program.
• Report any and all injuries to supervisor.
• Know what to do in case of an emergency.

Benefits

Northwest offers a comprehensive benefits package including health insurance, retirement plans, and paid time off.

Pay

Compensation is commensurate with experience.

Schedule

The schedule is flexible and can accommodate remote work options.