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The F&BM Transformation Quantitative Research (QR) Center of Excellence partners with Line of Business and Corporate teams to conduct in-depth statistical and economic analysis on data assets to develop estimation/model methodologies for various business purposes including capital stress testing, budgeting, pricing & optimization, and ad-hoc analytics. The person will analyze existing technical documentation, gain access to estimation input data and assumptions, and experiment to create statistical/mathematical models. The person will also be responsible for creating documentation supporting any newly created approaches and for preparing for independent model reviews. This position provides a rare opportunity for motivated candidates to learn about forecasting methodologies across various banking and markets products and to understand the end-to-end process from estimation design to implementation.
The Finance & Business Management (F&BM) Transformation group within the Office of the CFO (OCFO) partners with Financial Analysis, Treasury and Controllers to build scalable, end-to-end solutions. F&BM Transformation also works with Corporate Technology to design and build capabilities & apply solutions that elevate the way we provide financial & business information and insights across a range of key deliverables inclusive of monthly, quarterly and ad-hoc financial reporting, budgeting & forecasting and capital stress testing, macroeconomic scenario design and execution, and the business development of our financial infrastructure. Further, we work with all Lines of Business across the firm's ~$3T balance sheet:
Consumer & Community Banking, which includes Consumer & Business Banking, Home Lending, Credit Card & Auto
Corporate & Investment Banking, which includes Markets, Investment Banking, Wholesale Payments and Securities Services
Asset & Wealth Management
Treasury CIO and Corporate
Our purpose is to innovate & deliver solutions to challenging problems and drive sustainable change, and we are looking to add new team members that can bring a unique blend of business and technical knowledge & skills to turbo-charge our momentum. Join our team and transform the way we work to make a difference.
Design and develop new models and estimations or re-engineer the existing ones to meet business needs
Partner with subject matter experts to understand complex business concepts and to apply various quantitative techniques
Document models and estimations as required and manage the end-to-end independent model review process
Partner to automate models and estimations that have been designed onto the firm's forecasting platform
Degree in Econometrics, Data Science, Statistics, Engineering, Finance, Economics, or a related field; advanced degree is a plus
Work experience in statistical modeling, quantitative research, financial analysis, risk management, or a related field
Proven ability to apply mathematical and statistical techniques in the development of models
Experience in performing large dataset quality checks and analytics using Python, R programming skills
Analytical and problem solving skills and attention to details
General knowledge of banking products and services a plus
Ability to work in a fast-paced, results driven environment
Good organizational, written and communication skills
Experience in partnering with business and technology to drive strategic projects