Risk Quantitative Analyst

At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career — a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

About the role

The Risk Quantitative Analyst is a member of a key strategic team responsible for a wide range of quantitative initiatives, including stress testing and loss forecasting, economic capital, risk ratings, portfolio valuation, optimization, origination strategies, and other portfolio management analytics. Associates at this level hold basic knowledge and experience in the discipline but are still building a stronger skill set and knowledge base. These associates will typically be tasked with solving a variety of straightforward problems and analyzing possible solutions using standard procedures.

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

Responsibilities

• Assists with designing, enhancing, and implementing a variety of mathematical, financial, statistical, econometric, machine learning, and artificially intelligent models
• Assists with designing appropriate tests to determine whether models work as designed and monitors existing models for adequate performance
• Documents models, defends methodological choices, and remediates identified technical issues for the purposes of independent model validation
• Works collaboratively with other quantitative analysts with a diverse technical background to share knowledge and implement the most appropriate analytical solution
• Collaborates with portfolio managers to identify risks in the portfolio
• Collaborates with Credit Portfolio Managers, Risk Management, Finance, Treasury, and lines of businesses to identify opportunities and credit-related risks in the portfolio, making recommendations on new credit origination and risk mitigation strategies

Requirements

• Bachelor's degree in Computer Science, Electrical Engineering, Mathematics, Operations Research, Physics, or related field
• One (1) year of experience in Econometrics, Mathematical Finance, Statistical Methods, or related field
• Familiarity with Structured Query Language (SQL), Visual Basic for Applications (VBA) Script, Python, JAVA, C#, R, and/or Statistical Analysis Software (SAS)
• Experience analyzing data and building applicable mathematical models

Preferences

• Master's degree in Quantitative Finance, Financial Engineering, Risk Management, Statistics, Economics, Computer Science, Electrical Engineering, Mathematics, Operations Research, Physics, or related field
• Coursework in stochastic processes used derivative pricing, numerical methods, and fixed income securities
• Experience in Market Risk, Capital Markets Risk, or a Trading function, with derivative products (e.g. rates, commodities, credit), foreign exchange, leveraged loans, and fixed income

Skills and Competencies

• Ability to learn additional systems as needed
• Ability to research, analyze data, and derive facts
• Ability to work in a team environment when applicable
• Ability to work under direct guidance
• Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
• Strong verbal, written communication, and organizational skills
• Strong work ethic and self-motivation

Pay

Pay ranges are job specific and provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location, and performance in the job role.

• Minimum Job Range Target: $65,880.10 USD
• Median: $87,820.00 USD

This job is not incentive eligible.

Benefits

Regions offers a flexible, comprehensive benefits package for benefits-eligible associates. Below is a synopsis of the benefits offered:

• Paid Vacation/Sick Time
• 401K with Company Match
• Medical, Dental, and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program

Note: Benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time.

Schedule

This is a full-time position.

Location: Birmingham, Alabama