Quantitative Model Analyst

First Horizon - Birmingham, AL

Full-time - Entry Level

Birmingham, AL

5,001-10,000 employees

Credit Intermediation and Related Activities

About the position

The Quantitative Model Analyst will support the Credit Risk Models Team in developing, testing, implementing, monitoring, documenting, and maintaining credit risk models used for various activities such as CECL, stress testing, loss forecasting, and portfolio management. The role involves data sourcing, cleaning, and transformation, as well as communicating model applications to non-technical stakeholders.

Responsibilities

• Develop and apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data sets from multiple sources.
• Derive model assumptions that are well reasoned and supportable.
• Implement models in code in a transparent and easily maintainable way.
• Document all modeling or analysis work that meets internal, GAAP, and regulatory requirements.
• Develop and support strong controls for the model implementation framework and maintain related documentation.
• Support independent model validation process, internal and external audits, and regulatory reviews.
• Interact with model owner/users, validators, and regulators to address model issues and remediation actions.
• Monitor the performance and calibration of existing models.

Requirements

• PhD or Master's degree in Statistics, Econometrics, Mathematics or related quantitative field.
• Advanced quantitative statistical modeling skills (Regression, Time Series, Survival Analysis, Markov Chain, etc.).
• Experience with at least one of the following software packages: R, SAS, SQL, Python.
• Strong analytical and critical thinking skills with high attention to detail and accuracy.
• Excellent verbal, written, and interpersonal communication skills.

Nice-to-haves

• 2 or more years of model development or validation experience, particularly in credit risk or stress testing.
• Working knowledge of Generally Accepted Accounting Principles (GAAP), Basel III, Dodd-Frank Act Stress Testing, CCAR, and bank accounting/regulatory reporting requirements.
• Ability to clearly articulate ideas, analytic insights, and recommendations to both technical and non-technical audiences.

Benefits

• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match