Analyst / Senior Quantitative Analyst Job Description
Analyst / Senior Quantitative Analyst Duties & Responsibilities
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Analyst / Senior Quantitative Analyst Qualifications
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Licensing or Certifications for Analyst / Senior Quantitative Analyst
List any licenses or certifications required by the position: FRM, CFA, SAS, PRM, PMP, BSA/AML
Education for Analyst / Senior Quantitative Analyst
Typically a job would require a certain level of education.
Employers hiring for the analyst / senior quantitative analyst job most commonly would prefer for their future employee to have a relevant degree such as Master's and Bachelor's Degree in Statistics, Mathematics, Finance, Economics, Engineering, Physics, Computer Science, Science, Applied Mathematics, Education
Skills for Analyst / Senior Quantitative Analyst
Desired skills for analyst / senior quantitative analyst include:
Desired experience for analyst / senior quantitative analyst includes:
Analyst / Senior Quantitative Analyst Examples
Analyst / Senior Quantitative Analyst Job Description
- Lead the application of mathematical and statistical methods to collect, organize, interpret, and summarize data in the course of the implementation or validation of quantitative models to value and measure risk on a wide arrange of business data
- Prepare detailed reports to senior management to be used in business decision making regarding the results of statistical analyses understandable by non-statisticians
- Actively seek solutions to improve material parts of the model
- Managing key relationships with trading floor risk managers and business
- Ensuring the interests of these areas are well understood and fairly presented
- Bringing broad context to internal prioritization discussions
- Investigating quantitative issues arising in existing regulatory and internal risk measures
- Gathering requirements for changes and enhancements of analytics in risk models
- Helping to establish the strategic context in which the Quantitative Solutions group functions, ensuring this context is informed by market practice
- Interface with internal and external stakeholders, including auditors and regulators
- Ensure all models are compliant and consistent with both external (Basel III) and internal policies and procedures
- Ensure that models are successfully implemented in the necessary production systems
- Participate in research and analysis of evolving industry best practices in parameter estimation and modeling
- Keep abreast of advances in credit risk analytics developments, products and applications by vendors, consultants, regulatory agencies
- Ad-hoc credit risk projects
- Demonstrate strong leadership and project management skills
Analyst / Senior Quantitative Analyst Job Description
- Play a key role on derivatives pricing, , liaising on a project basis with the pricing specialists and the development team
- Perform BT and work on its enhancement
- Perform ad hoc model performance analysis and deficiency driver analysis for BT
- Manage the BT program
- Review and sign off on the numbers that are used for generating management and regulatory reports
- Design the benchmark/alternative models for performance monitoring and BT purposes
- Interact with auditors and regulators during examinations
- Ensure that in respect of all matters in your role, (including the planning and delivery of work), you understand and comply with all company policies, practices and statements relating to risk, compliance and confidentiality
- Applying quantitative techniques and market intuition to large, often novel or unconventional, datasets and cultivate areas of expertise along the way
- Produce high quality portfolio level analytics
- Participate in the design and implementation of ongoing monitoring/validation protocol for existing risk rating models and parameter estimates, including benchmarking of internal estimates with external models and/or data sources
- PhD in a quantitative or computational filed (Finance, Math, Physics, Financial Engineering, Computer Science, ) is preferable
- Strong analytical, modeling, and database skills and experience required
- Monte Carlo Studies, Market Risk
- Phyton, Java, C, C++, C#
- Extensive experience in quantitative market risk measurement within an investment bank or other financial institution
Analyst / Senior Quantitative Analyst Job Description
- Assisting and support the Development and Validation of Wholesale Credit Risk Models and Risk Reporting measurement tools
- Providing advice or statistical insight into risk models
- Responsible for developing bespoke portfolios to meet specific client needs
- Working with model governance teams to develop methods and metrics for ensuring all models continue to perform as expected and within ranges agreed to by internal model audit and model management committees
- Responsible for developing and executing all aspects of retail and/or wholesale PPNR models and for ensuring full compliance with regulatory and accounting requirements, while providing credible management direction to support business decisions
- Lead best practice modeling techniques, ensure comprehensive documentation and maintain best of class model monitoring and outcome analysis
- Collaborate with other Rogers departments and develop working relations within the company outside
- Assist the Head of Market Risk Analytics in managing day to day operations of the team
- The candidate will be exposed on a daily basis to the following topics
- Development of the credit risk models
- A higher degree in one of those areas or in finance or a professional qualification CFA, FRM, PRIMA would be an advantage
- Ability to work well in a team and building relationships
- PhD in a quantitative discipline such as Economics, Statistics, or Applied Mathematics, or MA/MS in a quantitative discipline with at least 3 years of experience in industry, consulting, government, or academic research
- Strong competency for the estimation and inference of econometric models
- Assisting in credit risk model builds for the purpose of risk rating, stress testing, and regulatory capital estimation across the retail bank
- Contributing to a team culture around autonomous working, ownership and accountability of quality deliverables and decreasing key person risk in business as usual activities
Analyst / Senior Quantitative Analyst Job Description
- Perform data analyses ranging from Excel spreadsheets, and Tableau dashboards, to predictive modeling / segmentation modeling in SAS, SPSS, R, or Python
- Use AI/machine learning and advance analytical techniques to solve banking and financial problems such as default prediction, financial crime (fraud detection, anti-money laundering ,), consumer analytics, credit ratings, mortgages, credit score, sentiment analysis
- Efficient automation of large scale data analysis, model development and validation process
- Provide analytical support and serve as a statistics expert
- Support to ensure models meet regulatory and/or internal Group standards and where not, identify and plan actions to address issues
- Support reviewing output, identifying issues, proposing recommendations
- Support closing of actions and reporting within agreed timescales
- Responsible for all model documentation ensuring up to date and accurate
- Become subject matter experts on Basel and credit risk models and point of contact for all queries relating to models and data
- Responsible for overall quality and delivery to timescales of work to come out of team and work stream
- Embedding best practice monitoring and validation, including enhancing existing monitoring frameworks, focusing on automation, versioning, testing and documentation
- Preferable to have experience in quantitative modelling for a Leading Australian or International Financial Institution or Professional Services firm
- Expertise in risk modeling most of the traded assets classes
- Undergraduate degree in Mathematics, Statistics, Actuarial Science, Computer Science or Physics
- Strong theoretical and numerical background
- Strong background in data-driven statistical modeling, supervised learning and discriminative models
Analyst / Senior Quantitative Analyst Job Description
- Develop and maintain key relationships with external vendors on model validation and model implementation assumptions
- Assess vendors model risk management using the Model Risk Management Framework and ensure extra validation/assurance of the external model is undertaken
- Provide end-to-end project management support for A/B testing
- Experiment with new automated frameworks, tools & test evaluation methods
- Play integral role in the development of in-house A/B testing platform capabilities
- Collaborate with Analytics team on building sharable data tools, maintain documentation, and participate in deep-dives to understand drivers of success
- Partner with Product, Marketing & Engineering teams to provide analytical support on a variety of ad-hoc initiatives
- Leading the delivery of model based reviews and supporting documentation
- Assisting in extraction and analysis of portfolio specific MI , and in Capital Impact assessments for model changes
- Capturing process inefficiencies
- Software development experience is mandatory
- Knowledge of Big data and Hadoop
- Knowledge of professional software engineering practices, coding standards and object oriented programming
- Strong interest and ability to undertake applied research
- Expert knowledge of forecasting models
- Strong experience in building models to price consistently and coherently across related volatility products from basic ones (vanilla options and variance swaps) to more sophisticated ones (VIX futures, Options on Variances, VIX options options on ETFs and ETNs on VIX)