Quant Analytics Lead Associate- Trading & Counterparty Risk Analytics

Reposted Yesterday
Be an Early Applicant
Cleveland, OH
In-Office
71K-122K Annually
Junior
Fintech
The Role
The Lead Quantitative Analytics Associate conducts quantitative analysis, develops machine learning models, and communicates insights for business needs, requiring autonomy and technical expertise.
Summary Generated by Built In

Location:

127 Public Square - Cleveland, Ohio 44114

ABOUT THE JOB (JOB BRIEF)

Under some supervision, the Lead Quantitative Analytics Associate is primarily responsible for using statistics, advanced mathematical techniques, and/or computer science to develop and validate predictive and machine-learning models for specific business needs. The Lead Quantitative Analytics Associate leverages advanced mathematical knowledge and analysis to provide solutions to predictive and prescriptive questions such as “What will happen next?” and “What will we do?”. Often large in scope, projects undertaken by the Lead Quantitative Analytics Associate involve self-directed data analysis and model building in response to a problem statement proposed by a business partner. Success factors include: timely and effective completion of tasks assigned by manager with manager and/or peer guidance; exercising functional knowledge in analytical programming languages, data literacy, and model development; effective communication of insights and data to peers; and developing work autonomy and problem-solving.

ESSENTIAL JOB FUNCTIONS

  • Conduct quantitative analysis including hypothesis testing and root-cause analysis on large data sets with more autonomy
  • Support the working group by identifying types of information needed for analysis or to inform business questions create data structures/transformations to be leveraged by groups for analysis
  • Use statistical analysis and machine learning to develop, maintain, and anticipate considerations in implementation of models that address the right business need
  • Use critical thinking to use the right approach for each problem statement
  • Anticipate business need and make continuous improvements to models and processes

REQUIRED QUALIFICATIONS

  • Bachelor’s degree (or its equivalent) in statistics, mathematics, economics, financial engineering, data sciences, predictive modeling, or other quantitative disciplines and at least 2 years of relevant experience; 1 with Master’s or PhD

DATA LITERACY

  • Understanding of and ability to:
    • Create data structures / transformations
    • Identify and capture different types of information for business needs or necessary for analysis
    • Data controls
    • Hypothesis testing / root-cause analysis
    • Leverage and anticipate considerations in implementation

TECHNOLOGY & TECHNIQUES

  • Advanced Microsoft Office Suite
  • SQL/NoSQL
    • Relationship data structure
    • Selecting and retrieving data including unstructured data retrieval, archival, and ETL
    • Databases
  • Advanced Python/R/SAS:
    • Databases
    • Efficient coding
    • Can build strong code controls and translate code into high-level commentary
  • Understanding of and ability to leverage:
    • Cloud-based computing
    • Distributed computing

MODEL BUILDING & MAINTENANCE

  • Understanding of:
    • Model use, requirements, and implementation needs
    • Model Risk Management process and foundations
    • Testing for deterioration and model health
    • Scale and fundamental concepts of Machine Learning
    • How statistical measurements are used
    • Advanced data techniques for modeling frameworks
  • Ability to:
    • Produce and identify information through statistical analysis
    • Effectively explain model insights to peers and analytics community
    • Identify preferred approach given the problem statement

EXPECTED COMPETENCIES

  • Leadership: Some self-direction, likely will need some guidance and supervision; Starting to anticipate possible business problems – improving something that already exists
  • Partnering / Influencing: Developing relationship building and interpersonal skills; Partnerships and influence typically at peer or “working group” level; Building influencing skills; demonstrated in area of expertise or assigned LOB
  • Business Acumen: Understands business partner strategy and the business of banking at a high level; Asks the right questions; Understands upstream and downstream impacts
  • Critical Thinking / Problem Solving: Demonstrates critical thinking; Analyzes, identifies and recommends appropriate solutions to moderately complex problems; Can translate data and answer the “why” question; Starting to understand impacts / intersections with others
  • Communication: Solid writing skills; Can cohesively present and organize information in support of findings and recommendations; Demonstrates confidence in communicating a message (typically narrow in scope); Can tell a compelling story with data and information; Emerging presentation development and delivery skills

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $71,000.00 - $122,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation subject to individual and company performance.

Please click here for a list of benefits for which this position is eligible.

Job Posting Expiration Date: 12/14/2025 KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing [email protected].

Top Skills

Cloud-Based Computing
Distributed Computing
Microsoft Office Suite
NoSQL
Python
R
SAS
SQL
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The Company
Cleveland, OH
16,053 Employees
Year Founded: 1949

What We Do

At KeyBank we’ve made a promise to our clients that they will always have a champion in us. To deliver on our promise, we’re committed to building a team of engaged employees who do the right thing for our clients and shareholders, and help them achieve financial wellness each and every day.

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