What are the responsibilities and job description for the Financial Modeling Analyst I position at SECU?
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PURPOSE:
This position will support the development, monitoring, and testing of quantitative models to support SECU’s Capital Planning, Stress Testing, and CECL efforts. This position supports executive decision making with regard to scenario analysis, risk appetite, and loan-loss allowance. This position informs management of trends within the economy and SECU’s balance sheet.
DIMENSIONS:
This position will provide support for the maintenance and development of stress testing / macro-economic forecasting models and related balance sheet forecasts. The individual in this position will also assist in trend analysis and ad hoc analysis.
DUTIES:
Assist with the maintenance of existing quantitative analysis, credit loss forecasting models, and behavior modeling for loan and deposit products.
Assist with the validation of existing portfolio analytics, credit loss forecasting models, and behavior modeling for loan and deposit products.
Lead in the development, documentation, review, backtesting, and approval of new models.
Implement innovative modeling techniques to analyze and deliver business solutions relating to trends in lending and delinquency
Assist with capital planning and analysis to support growth projections and scenario design.
Assist with implementation, performance monitoring, and ad hoc analysis to support credit loss forecasting.
REQUIREMENTS:
This position requires a four year degree from an appropriately accredited institution.
A four year college degree in Finance, Business, Mathematics, or other related quantitative field of study will be given first preference in hiring decisions. Candidates with advanced degrees in a quantitative field of study or 3-5 years of experience in a quantitative / technical role will be given preference.
Good understanding of the regulatory Dodd-Frank capital stress testing and/or the Federal Reserve’s CCAR testing process and relevant generally accepted accounting principles (GAAP) guidance.
Strong proficiency in coding skills using SAS, Python, or R. Must have an understanding of Microsoft Office, including Excel, Access, and Word.
Solid understanding of various machine learning algorithms and their applications.
Must be able to speak English fluently.
Must be able to cooperate and collaborate with co-workers.
Must be cordial in all interactions with members and co-workers.
Must adhere to the work schedule and attendance policy established by manager.
JOB ENVIRONMENT:
Hybrid; in-office each Monday and Tuesday, remote Wednesday through Friday
Office setting with physical proximity to other employees.
Some background noise from other employees, copy machine, and telephone.
PHYSICAL DEMANDS:
Must be able to comprehend and carry out verbal and written instructions.
Job requires a substantial amount of sitting.
Use hands and fingers to press keys on a computer keyboard to enter or retrieve information.
Use hands and fingers to press telephone key pad and lift telephone receiver.
Must be able to comprehend phone calls.
Must be able to lift 5 pounds.
SECU provides equal employment opportunity to all qualified persons regardless of race, color, religion, age, sex, sexual orientation, gender identity, national origin, genetic information, disability, veteran status, or other classification protected by law.
Disclaimer
State Employees' Credit Union reserves the right to fill this role at a higher/lower level based on business need.
PURPOSE:
This position will support the development, monitoring, and testing of quantitative models to support SECU’s Capital Planning, Stress Testing, and CECL efforts. This position supports executive decision making with regard to scenario analysis, risk appetite, and loan-loss allowance. This position informs management of trends within the economy and SECU’s balance sheet.
DIMENSIONS:
This position will provide support for the maintenance and development of stress testing / macro-economic forecasting models and related balance sheet forecasts. The individual in this position will also assist in trend analysis and ad hoc analysis.
DUTIES:
Assist with the maintenance of existing quantitative analysis, credit loss forecasting models, and behavior modeling for loan and deposit products.
Assist with the validation of existing portfolio analytics, credit loss forecasting models, and behavior modeling for loan and deposit products.
Lead in the development, documentation, review, backtesting, and approval of new models.
Implement innovative modeling techniques to analyze and deliver business solutions relating to trends in lending and delinquency
Assist with capital planning and analysis to support growth projections and scenario design.
Assist with implementation, performance monitoring, and ad hoc analysis to support credit loss forecasting.
REQUIREMENTS:
This position requires a four year degree from an appropriately accredited institution.
A four year college degree in Finance, Business, Mathematics, or other related quantitative field of study will be given first preference in hiring decisions. Candidates with advanced degrees in a quantitative field of study or 3-5 years of experience in a quantitative / technical role will be given preference.
Good understanding of the regulatory Dodd-Frank capital stress testing and/or the Federal Reserve’s CCAR testing process and relevant generally accepted accounting principles (GAAP) guidance.
Strong proficiency in coding skills using SAS, Python, or R. Must have an understanding of Microsoft Office, including Excel, Access, and Word.
Solid understanding of various machine learning algorithms and their applications.
Must be able to speak English fluently.
Must be able to cooperate and collaborate with co-workers.
Must be cordial in all interactions with members and co-workers.
Must adhere to the work schedule and attendance policy established by manager.
JOB ENVIRONMENT:
Hybrid; in-office each Monday and Tuesday, remote Wednesday through Friday
Office setting with physical proximity to other employees.
Some background noise from other employees, copy machine, and telephone.
PHYSICAL DEMANDS:
Must be able to comprehend and carry out verbal and written instructions.
Job requires a substantial amount of sitting.
Use hands and fingers to press keys on a computer keyboard to enter or retrieve information.
Use hands and fingers to press telephone key pad and lift telephone receiver.
Must be able to comprehend phone calls.
Must be able to lift 5 pounds.
SECU provides equal employment opportunity to all qualified persons regardless of race, color, religion, age, sex, sexual orientation, gender identity, national origin, genetic information, disability, veteran status, or other classification protected by law.
Disclaimer
State Employees' Credit Union reserves the right to fill this role at a higher/lower level based on business need.
