CAIA's Career Center is an easy-to-use, comprehensive resource connecting job seekers with employers in the growing AI field. Use your knowledge and credibility to advance your career or build a talented team for your organization. Opportunities targeted to CAIA Charterholders are prioritized.
In order to search for jobs specifically for CAIA Charterholders or those pursuing the CAIA Charter please enter “CAIA” in the search panel.
This will enable you to search for CAIA specific roles globally.
The Quantitative Analyst is responsible for all aspects of market risk analytics related to U.S. Banks capital markets activities. These responsibilities/qualifications include:
Overall: Back up Senior Market Risk Manager on quantitative functions - e.g. troubleshoot failed data feeds, calculation errors in reports, etc. Analysis Risk results to help explain to management changes in risk levels. Identify anomalies in risk numbers and carry any corrections to the risk data. Perform risk analysis and data testing on new trading products, curves and other data inputs into U.S. Banks risk platform. Present results to management. Assist in both internal audits and external regulatory activity.
Risk Management Support: Run daily production of VaR and related reports. Review and understand the output as well as the source of changes in risk levels. Point out and discuss key risk details with the Senior Market Risk Manager. Work with operations associates to ensure proper attribution of P&L. Perform month-end price verification for trading books. Back up Senior Market Risk Manager in monitoring intraday risk for the trading books. Support model validations, respond to and implement recommendations. Implement Model Monitoring program for VaR models. Build quantitative tools as needed to provide effective analysis of the market risk.
Data Integrity: Review market data that feeds the VaR/risk models. Ensure accurate trade capture.
Internal Reporting: Help prepare and compile the monthly Risk reports and decks. Assist in the preparation of audit documentation. Update Market Risk procedures documentation and Model Documentation; where required.
Basic Qualifications - Bachelor's degree in a quantitative field, and five to eight years of experience in statistical modeling OR - Master's or PhD degree in a quantitative field, and less than five years of experience in statistical modeling
- Capacity to understand valuation of instruments traded in Capital Markets; programming experience, knowledge of Excel VBA, MS SQL or Java a plus. - Advanced understanding of applicable laws, regulations, financial services, and regulatory trends that affect assigned line of business - 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 or similar statistical package - Strong data compilation, programming skills and qualitative analysis skills - Advanced knowledgeable of quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches - Demonstrated independence, team work and leadership skills - Strong project management skills - Excellent written and verbal communication skills
Primary Location: North Carolina-NC-Charlotte Work Locations: Job: Risk/Compliance/QC/Audit/Fraud Organization: U.S. Bank. Shift: 1st - Daytime