Risk Quantitative Analyst

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.Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.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 ResponsibilitiesDesigns, enhances, and implements a variety of credit models that rely on mathematical, financial, statistical, econometric, machine learning, and artificial intelligence methodsCollaborates with senior analysts in determining the appropriate credit model to build, given design requirements and data that are often limited or noisyCritically evaluates conceptual soundness of credit models and considers alternate methodologiesAssists in the design of appropriate tests to determine whether models work as designed and monitors existing models for adequate performanceDocuments models, defends methodological choices, and remediates identified technical issues for the purposes of independent model validationWorks collaboratively with other quantitative analysts with a diverse technical background to share knowledge and implement the most appropriate analytical solutionCollaborates 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 strategiesOffers guidance and advice to junior analysts on occasionThis position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.RequirementsBachelor's degree in Computer Science, Electrical Engineering, Mathematics, Operations Research, Physics, or related fieldThree (3) years of experience in Econometrics, Mathematical Finance, Statistical Methods, or related fieldProficiency 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 modelsPreferencesMaster's degree in Quantitative Finance, Financial Engineering, Risk Management, Statistics, Economic, Computer Science, Electrical Engineering, Mathematics, Operations Research, Physics, or related fieldCoursework in stochastic processes used derivative pricing, numerical methods, and fixed income securitiesExperience in Market Risk, Captial Markets Risk, or a Trading function, with derivative products (e.g. rates, commodities, credit), foreign exchange, leveraged loans, and fixed incomeSkills and CompetenciesAbility to learn additional systems as neededAbility to research, analyze data, and derive factsAbility to work in a team environment when applicableAbility to work under moderate guidanceAbility to work under pressure and meet deadlinesProficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)Strong verbal, written communication, and organizational skillsStrong work ethic and self-motivationRegions will not sponsor applicants for work visas for this position at this time. Applicants for this position must be currently authorized to work in the United States on a full-time basis.Position TypeFull timeCompensation DetailsPay 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:Median:Incentive Pay Plans:This job is not incentive eligible.Benefits InformationRegions 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 Time401K with Company MatchMedical, Dental and Vision BenefitsDisability BenefitsHealth Savings AccountFlexible Spending AccountLife InsuranceParental LeaveEmployee Assistance ProgramAssociate Volunteer ProgramPlease 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.Location DetailsRegions CenterLocation:Birmingham, AlabamaEqual Opportunity Employer/including Disabled/VeteransJob 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.SummaryLocation: Birmingham, AL - Regions CenterType: Full time