Statistical Modeling Analyst
| Company | BECU |
|---|---|
| Location | Washington, USA, Oregon, USA, Texas, USA, South Carolina, USA, Georgia, USA, Arizona, USA, Idaho, USA |
| Salary | $85800 – $104800 |
| Type | Full-Time |
| Degrees | Master’s |
| Experience Level | Mid Level, Senior |
Requirements
- Master’s degree or foreign equivalent in a quantitative discipline such as statistics, math, finance, or economics required.
- Sound knowledge of statistical modeling concepts including logistic regression, survival analysis, Markov chain analysis and time series required.
- Knowledge of artificial intelligence (AI) and machine learning (ML) tools required.
- Knowledge of three or more of the following statistical analytical packages required: SAS, Python, SQL and R.
Responsibilities
- Assist development, re-development and calibration of statistical models using statistical analytical packages; including but not limited to: Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models for credit decisions, loss forecasting, stress testing, CECL reserving, and economic capital use cases. Support documentation and execution of statistical models under the direction of senior level peers and leadership.
- Support enhancements to existing suite of statistical models to improve accuracy, partnering with senior level peers and leadership. Research statistical methods and apply enhancements to existing suite of models to improve accuracy.
- Gather and evaluate data for reliability and usability and research and apply data treatment methods.
- Assist in development/understanding of vendor models to ensure accuracy and relevancy.
- Support enhancement of statistical model production and implementation processes.
- Support statistical model monitoring and performance testing.
- Support data requests and systems testing processes, working with more senior level peers as needed.
- Participate in team meetings related to statistical model development.
- Maintain thorough knowledge relating to loan portfolio and statistical modeling trends and composition. Assist with analyzing and presenting modeling outputs to stakeholders.
- Assist in the development of statistical modeling strategies by using data warehouse information and modeling results.
- Maintain statistical modeling, change control, and validation documentation as needed.
- Perform other duties as assigned.
Preferred Qualifications
- Experience in verbal and written communication of complex statistical insights preferred.
- Experience with loss forecasting, default management and credit risk modeling, reporting and analytics preferred.
- Experience with Basel Regulatory framework, Comprehensive Capital Analysis Review (CCAR), Dodd-Frank Act Stress Testing (DFAST) preferred.