Quant Analytics Senior Associate - Deposit Modeling and Analytics
Role details
Job location
Tech stack
Job description
- Analyze deposit data to identify trends in consumer/business behavior to aide in model development and to describe deposit growth trends
- Own end-to-end development of "qualitative models" which apply simplistic statistical methods to forecast certain deposit-related items
- Assist quantitative modelers in the development of statistical models which forecast deposit balances and related net interest income as well as non-interest-revenue models which forecast debit card revenue, overdraft revenue, etc.
- Perform deep-dive analysis on deposit data to determine key trends that are impacting deposit growth
- Present key findings of analysis succinctly to senior leadership
- Apply macroeconomic and business intuition to inform independent variable selection
- Test draft models against various economic scenarios and analyze model output
- Analyze backtesting results of models to identify areas of model miss and suggest independent variables that may remediate that miss
- Determine accuracy of current model and identify areas of improvement
- Analyze recent data trends and changes to the business/products that may elicit new trends
Requirements
- Bachelor's degree in a quantitative discipline such as Economics, Finance, Statistics, Mathematics, or a related field.
- 4+ years of related work experience data analysis, statistical modeling, or a related area
- Proficiency in Python for data analysis, statistical modeling, and model reviews
- Hands-on experience in developing, implementing, and reviewing statistical or forecasting models, including model validation and performance assessment
- Strong ability to communicate complex analytical findings clearly and effectively to senior leadership and non-technical stakeholders
Preferred Qualifications, skills, and capabilities:
- SQL and Databricks experience for large-scale data processing and advanced analytics
Benefits & conditions
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.