Bank of the West Quantitative Analyst in San Ramon, California
What sets Bank of the West apart from other banks is our team members–they embody the optimistic spirit of the West. There is a spirit here that drives us to do more. Our team of more than 10,000 employees is vital to the success of our Bank. They reflect our modern western values—straightforward, entrepreneurial and optimistic. We seek to create a corporate culture that fosters and rewards excellence, encourages creative thinking and respects diversity – an environment where team members are engaged, supportive of one another and enthusiastic about serving our customers. Bank of the West offers the stability of a company that has a 135 year history and is part of BNP Paribas, a European leader in global banking and financial services and one of the 6 strongest banks in the world. We offer opportunities across our diverse business lines – Retail Banking, Commercial Banking, National Finance, and Wealth Management.
Job Description Summary
Responsible for ensuring that the method employed for risk measurement and management is financially sound. The Quantitative Analyst will be will be responsible for assessing new modeling methodologies for implementation in the risk management practice and provide opinion on modeling and risk management of banking and derivative products. Actively involved in researching and modeling non-maturity deposit behavior.
Essential Job Functions
The Quantitative ALM Analyst will be responsible for:
Performing data analysis and developing models (statistical models, Machine Learning algorithms…) to forecast customer behavior across a variety of deposits and loan products: exercise of the prepayment option embedded in loans, decay profiles and repricing models for deposits, drawdowns of credit lines…
Supporting and maintaining existing models which include data gathering, data analysis, model performance monitoring and testing, impact analysis on risk metrics, and addressing model validator, auditor, or regulator concerns
Contributing to the team technological watch by preparing memos, presentations, and documentation of research and analysis based on academic papers, new modeling technics (Machine Learning algorithms…), Big Data environments…
Providing quantitative support to other Treasury ALM teams
Working closely with model validation and other Treasury ALM analysts
Bachelor's degree in a quantitative field, and 5 to 8 years of experience in statistical modeling or Master's or PhD degree in a quantitative field, and 5 years of experience in statistical modeling
Requires advanced knowledge of job area typically obtained through advanced education combined with experience.
May have practical knowledge of project management.
Bachelor's Degree in a quantitative field; Math, Statistics, Finance or Economics - Required
Master's Degree or PhD in a quantitative field; Math, Statistics, Finance or Economics - Preferred
Understanding of Treasury Asset Liability Management, Interest Rate Risk and Liquidity risk is desired as well as knowledge of financial products
Strong data compilation, programming skills and qualitative analysis skills (knowledge of SQL preferred)
Strong statistical modeling background based on technical training or advanced education in a quantitative field
Advanced knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models, various model validation tests/methodologies, using SAS, R, Python or similar statistical package. Knowledge of some Machine Learning algorithms is a plus
Possess strong written and verbal communication skills
Must be able to write in a technical matter to clearly document model development process
Demonstrated independence, team work and leadership skills
Strong project management skills
Equal Employment Opportunity Policy
Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.
Job: Accounting Finance
Location: United States-California-San Ramon
Requisition ID: 041252