Thank you for your interest in a career at Regions. 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.
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Job Description
At Regions, the Risk Quantitative Analyst is a member of a key strategic team that is responsible for a very wide range of quantitative initiatives that include stress testing and loss forecasting, economic capital, risk ratings, portfolio valuation, optimization, origination strategies, and other portfolio management analytics.
Primary Responsibilities
- Designs, enhances, and implements a variety of credit models that rely on mathematical, financial, statistical, econometric, machine learning, and artificial intelligence methods.
- Collaborates with senior analysts in determining the appropriate credit model to build, given design requirements and data that are often limited or noisy.
- Critically evaluates conceptual soundness of credit models and considers alternate methodologies.
- Assists in the design of 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 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.
- Offers guidance and advice to junior analysts on occasion.
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
This position will work a hybrid schedule with a combination of in-office and remote work.
Requirements
- Bachelor's degree in Computer Science, Electrical Engineering, Mathematics, Operations Research, Physics, or related field.
- Three (3) years of experience in Econometrics, Mathematical Finance, Statistical Methods, or related field.
- Proficiency in 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, Economic, Computer Science, Electrical Engineering, Mathematics, Operations Research, Physics, or related field.
- Coursework in stochastic processes used in 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 moderate guidance.
- Ability to work under pressure and meet deadlines.
- Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.).
- Strong verbal, written communication, and organizational skills.
- Strong work ethic and self-motivation.
Position Type
Full time
Compensation Details
Pay ranges are job specific and are 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, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum: $67,518.80 USD
Median: $106,820.00 USD
Incentive Pay Plans: This job is not incentive eligible.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
- 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
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/welcometour/benefits.rf
Location Details
Regions Center
Location: Birmingham, Alabama
Bring Your Whole Self to Work
We have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work and thrive is the right thing to do.
OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
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