New

Quant Financial Analyst (Data Analyst)

TEKsystems
$45.00 - $70.00 / hr
life insurance, sick time, 401(k), retirement plan
United States, North Carolina, Charlotte
Jan 18, 2025
Description This role is only available for W2 Role must sit hybrid in either Chicago, Charlotte or Atlanta Position: Quant Fin Analyst (Forecast Administrator) Location: Charlotte, Atlanta, Chicago (Hybrid) Duration: Long-term Contract Job Description: The position is part of the Wholesale Loss Forecasting (WLF) Administration and Analytics team. The WLF Administration and Analytics team is the face of Wholesale Risk Analytics (WRA) with both our internal and external stakeholders. This team helps bridge the gap between a technical, quantitative model framework and non-technical business stakeholders looking to make sense of these model results. The team administers the bank's commercial loss forecasts, that ultimately help support the bank's Allowance and stress testing needs both domestically and internationally. The Role will interact with a wide variety of stakeholders including enterprise credit and credit risk, model developers, model risk management, allowance, finance, and capital. Forecast Administration and Analytics employees possess a broad set of skills necessary to evaluate financial risk, produce regulatory reporting and evaluate portfolio risk for emerging, systemic, concentration and idiosyncratic risks. They collaborate with business partners to identify risk mitigation strategies. They possess high levels of skill in portfolio analysis, financial analysis and data visualization. The team welcomes a diversity of thoughts and experiences grounded in a core set of competencies with the ability to connect data points from across the enterprise. As a Quantitative Finance Analyst within Wholesale Loss Forecasting, the main responsibilities will involve: Analyzing and communicating model results to model stakeholders, including enterprise credit and credit risk, allowance, model development, model risk, management, and regulators Applying quantitative methods and business/economic expertise to develop model overlays that meet risk management, line of business, and regulatory requirements Monitoring current and emerging risks to wholesale clients (e.g. rising interest rates, persistent inflation, etc.) and considering impact on the wholesale portfolio and forecasts stakeholders model results and overlays at a level of detail commensurate with the given audience Required Education, Skills, and Experience Bachelor's degree in Finance, Accounting, Economics, Business, or related field. Alternatively, a bachelor's degree in a technical field (i.e: engineering, computer science, mathematics, statistics, etc.) and a demonstrated interest in finance and markets. Masters in one of the aforementioned subjects a plus. Progress toward (or completion of) CFA a plus. Ability to identify key industry drivers, excellent quantitative skills and judgment in the field of research. Prior experience in a research-orientated role (e.g. Equity, Credit) is a plus. The candidate must be able to thrive in a fast-paced and intense environment, be intellectually curious about drivers of the economy, industry & company performance and consumer behavior Strong economic and financial skills and a keen interest in markets, some experience in investment strategy is a plus Strong writing and spreadsheet skills Must be an expert in MS Excel, experience working with statistical packages and/or programming experience preferred Must have excellent communication skills, written and verbal Must have strong attention to detail, ability to multi-task Must work well in a collaborative team environment and be exceptionally driven Desired Skills and Experience Some knowledge of Tableau, SQL, Python. Good understanding of current US regulatory environment, including but not limited to CECL and CCAR Additional Skills & Qualifications Responsible for stakeholder engagement. Bridge gap between quant teams and business partners across the bank. Help analyze results, synthesize and communicate them to stakeholders. Knowledge of credit risk, credit risk products, SQL programming is required, python is nice to have. Some data analysis. Main thing here is communicate. Stakeholder communication, stake holder engagement, able to tell a story. A couple of years experience, grad degree not required. Finance, accounting, econ. Pay and Benefits The pay range for this position is $45.00 - $70.00 Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: * Medical, dental & vision * Critical Illness, Accident, and Hospital * 401(k) Retirement Plan - Pre-tax and Roth post-tax contributions available * Life Insurance (Voluntary Life & AD&D for the employee and dependents) * Short and long-term disability * Health Spending Account (HSA) * Transportation benefits * Employee Assistance Program * Time Off/Leave (PTO, Vacation or Sick Leave) Workplace Type This is a hybrid position in Charlotte,NC. Application Deadline This position will be accepting applications until Jan 20, 2025. About TEKsystems: We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company. The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.