Treasury - Quantitative Modeling Analyst at Regions Bank (Birmingham, AL)

| Birmingham, AL
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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 Quantitative Modeling Analyst is a member of the Treasury Quantitative Models team that is responsible for the development and maintenance of quantitative solutions across a wide range of topics and business areas in Treasury, Finance and Capital Markets, employing techniques from various mathematical disciplines such as statistics, finance, economics, machine learning and big data. Examples of models developed and maintained have covered a range of subjects: CCAR/stress testing, PPNR and balance sheet forecasting, deposit analytics, prepayment, interest rate risk, market risk, economic capital, fixed income analysis, yield curve construction, derivatives valuation, MBS and MSR valuations.

Primary Responsibilities
  • Devises and designs advanced quantitative solutions, models, analyses, and tools to address needs throughout the bank
  • Identifies sources, captures, explores and prepares data to inform the quantitative model design, estimation, testing and documentation
  • Performs analysis to justify the economic, mathematical, and/or analytical techniques used in the development of quantitative solutions
  • Conducts thorough quantitative and qualitative tests and analysis to justify model design and measure its efficacy, risk, and robustness
  • Assesses and documents how practical, technical, and theoretical constraints were adequately considered and overcome (such as gaps in data, model assumptions, changing business conditions, regulatory developments) throughout the development process
  • Composes and maintains documentation in support of the effectiveness of quantitative solutions (in written, presentation and verbal formats)
  • Performs periodic monitoring tasks on existing quantitative solutions to assess their continuing efficacy and robustness
  • Conducts research to evaluate the ongoing appropriateness of existing or proposed quantitative solutions given the bank's strategy, processes, market conditions, availability of data and industry standard practices
  • Prepares and delivers presentations to stakeholders as needed, including the EMRG team, line of business management, independent model risk management teams, regulatory supervisors, and internal/external audit
  • Prepares and maintains detailed process/procedural documentation for operating, maintaining, and facilitating the accurate repeated use of the solution
  • Provides regular progress updates to management and project teams on all assigned responsibilities
  • Executes and maintains existing quantitative solutions in live production environments in a manner that adheres to applicable policies and procedures (and maintains organized evidence thereof)
  • Works collaboratively and cooperatively with business partners (i.e., Risk Management, Treasury, Finance, Operations, Model Validation, Internal Audit and Lines of Business and team members in EMRG)
  • Maintains a highly organized approach to solution development, code versioning, quantitative testing and document preparation
  • Works in strong cooperation / apprenticeship with more senior experienced quantitative analysts or managers, but occasionally will be expected to operate more independently, or as project leads and/or to provide mentorship/teaching to more junior analysts

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

  • Bachelor's degree in a highly quantitative and analytical field such as Statistics, Economics, Econometrics, Applied Mathematics, Physics, Quantitative Finance, Operations Research
  • Three (3) years professional experience in applying skills in econometrics, quantitative finance, statistical methods, mathematical model design, or advanced data analysis
  • Or, Masters' degree in one of the above fields and one (1) year professional experience in applying skills of econometrics, quantitative finance, statistical methods, mathematical model design, or advanced data analysis
  • Or, a PhD in the fields listed above

  • A PhD or strong academic performance at the master's level in the aforementioned subjects
  • Five (5) years professional experience in applying skills in econometrics, quantitative finance, statistical methods, mathematical model design, or advanced data analysis
  • One of various certifications in Financial analysis such as Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM)
  • Certification in one or more of various quantitative tool kits such as SAS, R, SQL, Python
  • Experience with one or more modeling techniques such as econometric time series analysis, cross-sectional regression, survival modeling, panel regression, clustering analysis, survey analysis, or various supervised and unsupervised learning methods

Skills and Competencies
  • Ability to organize and make progress on multiple simultaneous projects
  • Advanced data sourcing, data management and data analytical skills
  • Attention to detail
  • Excellent writing, communication and presentation skills
  • Proficiency in SAS, R, SQL, or Python
  • Strong proficiency in standard business software such as Microsoft Excel and Powerpoint

*This position may be filled at a higher level depending on the candidate's qualifications and relevant experience.

Additional information about this specific opportunity:

*Develop, test, monitor and document models and analytical tools used in Treasury, Finance and Capital Markets and that inform strategic and transactional decision-making for the executive Asset/Liability Management Committee. The models and analytical tools may include:
  • CCAR/stress testing, balance forecasting
  • Deposit rates modeling and analytics
  • Prepayment models
  • Economic Capital
  • Market Risk
  • Yield curve construction and derivatives pricing
  • MBS and MSR valuations

*Execute CCAR/stress testing models/analytical tools and market risk economic capital model

*Perform ongoing monitoring and back-testing of the above models and analytical tools

*Address and close model validation findings

*Perform data sourcing, data management and analysis related to liquidity testing using SQL and Power BI.

*Proficiency in SAS, Python, Matlab or R for model implementation and testing

Position Type
Full time

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for 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.

Location Details
Regions Center - Birmingham

Birmingham, Alabama

Bring Your Whole Self to Work

We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and 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 is the right thing to do.

OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans
More Information on Regions Bank
Regions Bank operates in the Fintech industry. The company is located in Birmingham, AL. Regions Bank was founded in 1971. It has 18851 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Disability Insurance, Dental Benefits, Vision Benefits, Health Insurance Benefits and Life Insurance. To see all 55 open jobs at Regions Bank, click here.
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