Quantitative Analyst II

About the role

The Quantitative Analyst II at NW Bancshares HQ, PA0258 Bellevue, supports the development and maintenance of complex financial models used throughout the loan and deposit product lifecycle. These models can utilize various techniques including Python/R for data analysis, Power BI for portfolio analytics, and Microsoft Office for documentation and presentations.

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 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.
• Engage with Model Owners to 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.
• Review academic and industry research, present summaries to partners and senior leadership, and suggest practical applications.
• 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.

Qualifications

• Education: Bachelor's Degree in Physics, Mathematics, Statistics, Economics, or other quantitative discipline; Master's Degree preferred.
• Experience: 2 - 3 years in a Financial Institution or Consulting Organization.
• Programming Skills: Experience programming in Python or R; experience with SQL, SAS, Java, C++, C++, or Julia is beneficial.
• Licenses and Certifications: CFA Charterholder from the CFA Institute or pursuing it; FRM Certification from GARP or pursuing it.

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 abide by 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.