Senior Risk Quantitative Analyst – Consumer Credit

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July 29, 2019
Birmingham, AL
Job Type


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Job Description

At Regions, our Risk Quantitative Analyst is a member of a key strategic team that is responsible for a very wide range of quantitative initiatives that include stress testing and loss forecasting, economic capital, risk ratings, portfolio valuation, optimization, origination strategies, and other portfolio management analytics.

Associates at this level are considered analytical or procedural experts and represents the team on cross functional process or project deliverables.

May supervise or lead the work of other team members.

Primary Responsibilities

Designs, enhances, and implements a variety of credit models that rely on mathematical, financial, statistical, econometric, machine learning, and artificial intelligence methods

Determines the appropriate credit model to build, given design requirements and data that are often limited or noisy

Critically evaluates conceptual soundness of credit models and considers alternate methodologies

Designs appropriate tests to determine whether models work as designed and monitors existing models for adequate performance

Documents models, defends methodological choices, and remediates identified technical issues for the purposes of independent model validation

Work collaboratively with other quantitative analysts with a diverse technical background to share knowledge and implement the most appropriate analytical solution

Collaborates with credit portfolio managers, Risk Management, Finance, Treasury and lines of businesses to identify opportunities and credit-related risks in the portfolio, making recommendations on new credit origination and risk mitigation strategies

May supervise or lead the work of other team members

This position is exempt from timekeeping requirements under the Fair Labor Standards act and is not eligible for overtime pay.


Bachelor's degree in a highly quantitative field that requires specific skills in advanced mathematics.

Several examples of educational fields that typically require these skills are Statistics, Economics, Mathematics, Physics, Computer Science, Operations Research, Electrical Engineering.

Six (6) years experience in econometrics, mathematical finance, statistical methods or related field Preferences

Masters degree in highly quantitative field that requires specific skills in advanced mathematics.

Several examples of educational fields that typically require these skills are Statistics, Economics, Mathematics, Physics, Computer Science, Operations Research, Electrical Engineering.

Skills and Competencies

Strong understanding of advanced analytics software such as R or SAS

Significant experience in understanding and analyzing data

Significant experience building mathematical models

Proficient skills in SQL, VBA Script, Excel, Python, JAVA and C#

Data management and manipulation skills

Ability to manage multiple projects

Excellent writing, communication and presentation skills

Attention to detail

The BSB Credit Risk Quantitative Manager is part of a team that is building next-generation, credit scoring models, and automated underwriting capabilities for small business and commercial lending. This position requires an innovative and analytical individual, who can effectively use statistically derived decision tools to quantify credit risk, automate and optimize lending decisions, and predict loan performance.

Primary Responsibilities For This Specific Role Include

Perform extensive portfolio segmentation analysis, to identify regional and geo-economic trends that may be incorporated into scoring strategies

Identify missed business opportunities and quantify the additional potential risk associated with fraud or credit loss

Using behavioral and profitability relationships, develop strategies (i.e. TRIAD, Strata, Blaze) to enhance portfolio profitability

Forecast and monitor the potential impact of changes to credit scoring strategies

Design and coordinate in-depth assessments of charged off accounts and, based upon this assessment, recommend changes to credit adjudication strategies, TRIAD entry strategies, credit score cutoffs, etc.

Lead projects to design and implement analytical methods and statistical models that assess the credit risk for new and existing small business loan and payments products

Consult with business partners in researching the business goals, timelines, and budget for analytical projects

Responsible for providing support across multiple business areas, including small business, business credit card, commercial card, commercial lending, SBA, etc.

Responsible for various projects to improve loan origination and underwriting efficiencies

Position Type

Full time

Location Details

Riverchase North


Hoover, Alabama


About Regions

At Regions, our culture focuses on five core values that are a commitment to how we will do business:

Put people first

Do what is right

Focus on your customer

Reach higher

Enjoy life

Through these values, our mission to make life better drives our desire to improve and make a positive difference in the communities where we work and live through financial investments and volunteering.

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