What are the responsibilities and job description for the VP Quantitative Finance position at Farm Credit Services of America?
AgCountry Farm Credit Services (AgCountry), Farm Credit Services of America (FCSAmerica) and Frontier Farm Credit are financial cooperatives that operate under shared management across eight states. While each association is owned by its local farmers and ranchers, they collaborate by pooling resources, expertise, and talent to provide affordable credit, crop insurance, and financial services.
Our associations are united by a common mission and commitment to serving rural America and supporting each other, which drives the success of the farmers, ranchers, and agribusiness we serve. We take pride in being a great place to work, and this enthusiasm is reflected in the relationships our team members foster with one another and with our customers.
Job Summary
*Hybrid-Incumbent must work a percentage of each week in the Omaha, NE or Fargo, ND office,*
The VP Quantitative Finance will lead a team of quantitative analysts responsible for providing holistic and forward-looking information on risk, profitability, and growth. This position oversees a comprehensive suite of risk and financial models while standing as a strategic business partner on Credit Risk Modeling, Capital Management, Asset/Liability Management, Structured Finance, Product Profitability, and Model Risk Management. The incumbent will rely on intimate knowledge and experience in quantitative finance, credit risk modeling, interest rate risk management, structured finance, and financial planning.
Essential Duties & Responsibilities
- Enhance, maintain, and promote the team’s suite of risk and financial models, including the allowance for credit losses (CECL), stress testing, economic capital, risk-adjusted return on capital (RAROC), interest rate risk / ALM, cost allocations, and financial plan
- Conduct portfolio and asset valuations, recommend asset selection criteria, bids, and deal structures to optimize risk and return, and advise on portfolio rebalancing as needed
- Measure and manage short-term and long-term interest rate risk on the loans and investments book. Support strategies to improve or maintain net interest margin on a risk-adjusted basis.
- Lead analytical efforts ensuring that the Association maintains adequate and sustainable capital levels
- Execute specialized scenario analyses, growth modeling, economic response modeling, and explore enterprise financial strategies as required
- Evolve risk rating (PD) models, LGD grade assignments, and collateral valuation models (AVMs)
- Lead model validation teammates, internally and externally-sourced validations, and advise on the evolution of model risk management programs and governance
- Ensure that the team’s models are well understood by the business and that their usefulness is clearly demonstrated
- Support the team’s responsibilities as a center of excellence for advanced analytics within the association by demonstrating model usefulness and the analytical mindset, providing education where needed, and mentoring teammates on the reliance of advanced techniques
Essential Duties and Responsibilities Cont.
- Champion the Association’s statistical programming and data science capabilities
- Lead the Association’s Capital Management Committee. Serve on Model Risk Committee, Asset/Liability Committee, and Data Governance Committee as needed.
- Meet with the Board’s Audit Committee and/or Business Risk Committee on a quarterly basis
- Regularly present to senior leadership, regulators, auditors, and cross-functional committees
- Provide team leadership, shared vision, and positive communications to achieve the Associations’ vision and strategy consistent with the Associations’ core values and team principles. Build strong relationships and collaborative partnerships within the Associations to understand the business opportunities and challenges.
- Responsible for attracting, selecting, and on-boarding a diverse and qualified team and determining the appropriate team resource requirements to meet the Associations’ strategic direction.
- Develop team members through coaching, training and development, opportunities, and on-going performance feedback including timely follow-up on individual development plans; counsel team members on Talent Management activities.
Education Requirements
- Bachelor's degree in Statistics, Mathematics, Economics, Actuarial Sciences, or Finance Graduate degree required. Master's degree preferred.
Years of Experience
8 years of experience including previous leadership experience in Structured Finance (Asset-Backed Securities) Analytics, ALM Analytics, Credit Portfolio Modeling, Fixed Income Analytics, Quantitative Investment Research, Financial Data Sciences, or Actuarial Sciences.
Chartered Financial Analyst (CFA) or Fellow of the Society of Actuaries (FSA) desired.
About Us:
AgCountry has 45 offices, is based in Fargo, North Dakota and serves portions of North Dakota, Minnesota, and Wisconsin, FCSAmerica is based in Omaha, NE and has 42 local offices serves rural communities and agriculture in Iowa, Nebraska, South Dakota, and Wyoming. Frontier Farm Credit has six offices serving eastern Kansas. Together, we support nearly 82,000 producers and agribusinesses, meeting the needs of today’s agricultural industry with our combined 2600 employees providing lending, risk management, technology, commodity marketing, and customer and employee education.
