Quantitative Modeling Analyst I

Bonus Type

Summary

If you are looking for a job that combines a passion for innovation, an opportunity for growth, and a culture of teamwork, then you've come to the right place.  We have an exciting opportunity awaiting someone like you!

Job Description

The Quantitative Modeling Analyst I is primarily responsible for identifying and managing the risk of complex and strategically important models such as those used in AML, DFAST, CECL, Market Risk Rule, pricing, profitability, regulatory capital, underwriting, fraud, fair lending, etc.  This involves understanding the theoretical framework of the model including assumptions and limitations, the context of business decision making, how well the model employs advanced analytical methods, and the interactions among models where multiple models are used within the same process.

Team Culture

A career with BOK Financial will provide you opportunities and benefits that can only come from working for a trusted industry leader. Work with amazing, energetic team members and a company dedicated to your success, growth, and advancement.

How You'll Spend Your Time

• You’ll develop “challenger” models when a vendor-designed model is being validated or where an in-house designed model requires more advanced analysis.
• You’ll measure the potential impact of model limitations, parameter estimation errors or deviations from model assumptions.
• You’ll formulate clear and concise written and verbal communications regarding model analyses specifying outcome discrepancies, risk identification in addition to regulatory and/or policy issues.
• You’ll assist with presentations to senior leaders/model owners, developers, and users and recommend management action plans and track remediation progress.

Education & Experience Requirements

• Master’s Degree in Finance, Economics, or a STEM field preferred; Bachelor’s degree in Finance, Economics, or a STEM field required; CFA, FRM, CPA designations a plus
• Minimum 1 year of quantitative analysis experience in a discipline relevant to risk management to include statistical/econometric analysis, modeling, mathematics
• Minimum 1 year of experience with analytics software (SAS, R, SPSS, Matlab) and relational databases (SQL)
• Solid understanding and knowledge of model performance measures
• Solid understanding of model development and validation methodologies & processes
• Strong project management skills
• Ability to produce high quality technical documentation
• Knowledge of regulatory requirements related to model risk management (FRB/OCC SR 11-7), Basel II/III capital requirements, and Dodd-Frank Act Stress Testing (DFAST)
• Self-motivation, discipline, task focus, and a proven record of delivering high quality results within strict deadlines.
• Intellectual curiosity; superior problem-solving abilities and attention to detail; and prompt follow-through
• Ability to aggregate and synthesize complex data
• Outstanding oral and written communication skills
• Ability to present complex issues in a clear and concise manner

Working Conditions & Physical Requirements