Financial Modeling Analyst Sr. at Huntington National Bank

| Columbus, OH
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Description

About Huntington

Huntington Bancshares Incorporated is an approximately $175 billion (2021) asset regional bank holding company headquartered in Columbus, Ohio with a network of nearly 1,000 branches and nearly 2,000 ATMs across eight Midwestern states. Founded in 1866, The Huntington National Bank and its affiliates provide consumer, small business, commercial, treasury management, wealth management, brokerage, trust, and insurance services. Huntington also provides auto dealer, equipment finance, national settlement and capital market services that extend beyond its core states. Visit huntington.com for more information.

Huntington's Treasury Balance Sheet Management (BSM) team sits at the hub of the bank: every month we forecast the entirety of our balance sheet under dozens of interest rate scenarios to identify potential risks and recommend actions to mitigate that risk. From our position we track every line of business and we keep a pulse on how the bank is performing overall, and we need smart and talented individuals to help us improve our forecasts.

We are recruiting for a Modeling Analyst who will bring statistical know-how and business sense to our balance sheet forecasts. The Modeling Analyst will be the intellectual owner of the team's forecasting methodology for key areas of the bank's balance sheet. Within this area of responsibility, the analyst will:
  • Work closely with appropriate product owners to deeply understand the business dynamics of our products
  • Develop models and assumptions that translate those real-world dynamics into mathematical representations of behavior. Our forecasts focus on account acquisition, loan prepays, deposit rates paid/offered, and deposit balance retention
  • Make and defend key tradeoffs between model accuracy and complexity, in line with the BSM team's overall strategic objectives
  • Work closely with our BSM Production team to ensure models are appropriately implemented in our cashflow forecasting engine (currently QRM)
  • Provide ongoing monitoring of models in adherence to our risk framework. In cases where model performance degrades, perform appropriate research to identify root causes, and recommend then implement fixes to bring models back within compliance
  • Be aware of changes in product management strategy and maintain a perspective for when existing models conceptually diverge from their stated objectives


Requirements:
  • Two years of experience managing production-ready models over the modeling lifecycle (requirements gathering, data preparation, model development, documentation, and ongoing monitoring/refreshes)
  • Demonstrated familiarity in the statistical techniques of time series, decay, and/or prepay models
  • Experience developing models in standard data management and statistical software (e.g., SQL, R, SAS, STATA, Python, etc.). Our team uses SQL, Python and SAS
  • Excellent written and verbal communication skills, with experience explaining model results and limitations to non-technical audiences
  • Facility with Microsoft Office products, especially Excel
  • Bachelor's degree


Preferred:
  • Experience in model governance activity per risk management frameworks typical at banks >$50 bn in assets
  • Experience implementing models in Financial Services cashflow forecasting engines, including QRM, Bankware, Empyrian, or others
  • Curiosity and creativity to provide a point of view even if that perspective is contrary to conventional wisdom. Willingness to personally be the "hands-on-keys" interrogator of data, assumptions, models, and calculations to develop and implement changes as needed
  • Masters or Ph.D. in a quantitative field (economics, mathematics, statistics, physics, etc.).


EEO/AA Employer/Minority/Female/Disability/Veteran/Sexual Orientation/Gender Identity

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position
More Information on Huntington National Bank
Huntington National Bank operates in the Fintech industry. The company is located in Columbus, OH, Cleveland, OH, Sugarcreek, OH, Cranberry Township, PA and Bloomfield Township, MI. Huntington National Bank was founded in 2022. It has 13315 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 104 open jobs at Huntington National Bank, click here.
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