What are the responsibilities and job description for the Quantitative Financial Analytics Officer position at Comerica Bank?
Quantitative Financial Analytics Officer I, Credit
The Quantitative Financial Analytics Officer is responsible for supporting the analytics processes of Credit Risk by working to develop, operate, and maintain models as well as their underlying data and system supported workflows. Additionally, aid in the leveraging of the data gained from the above to assist the Bank with broader initiatives.
Position Competencies:
Successful incumbents are able to demonstrate creativity and interpersonal savvy, make timely decisions, possess business acumen, have excellent data processing and planning skills, and presentation skills. Experience with development of logistic regression models, time series regression models, ordinary least squares models, and general linear models. Experience with data analysis and report creation.
Successful incumbents are able to demonstrate creativity and interpersonal savvy, make timely decisions, possess business acumen, have excellent data processing and planning skills, and presentation skills. Experience with development of logistic regression models, time series regression models, ordinary least squares models, and general linear models. Experience with data analysis and report creation.
Position Responsibilities:
Model Implementation and Running of Final Models
- Aid in automating model forecast runs with control checkpoints and data analysis of associated inputs.
- Running of models to derive forecast results for credit risk models.
- Reporting and basic analysis of model results.
Model Maintenance, Testing, Monitoring & Sensitivity Analysis:
- Update validated models with new data points.
- Document resulting changes in model equations or other changes.
- Aid in analysis/monitoring of existing models to determine ways to improve results.
- Aid in sensitivity analysis of existing models to understand impact of individual variables and scenarios.
Model Development:
- Assist in development and enhancement of credit risk models.
- Assist in establishment and enhancement of model measurement statistics.
- Assist in development and presentation of quantitative insight to multiple product teams.
- Participate in rigorous assessment of data quality and assumptions relevance, and appropriate documentation especially where management judgment is used.
- Assist in documentation of model methodology and procedures.
Position Qualifications
Minimum Qualifications:
- Bachelor of Science Degree in Economics, Statics, or related field
- 2 years of experience with statistical modeling software. Experience via schoolwork can be counted. (i.e. Python, SAS, STATA, Eviews, R, etc.)
- 2 years of experience in econometric modeling
- 2 years of experience with Microsoft Office products (Word, Excel, Access, PowerPoint, etc.)
Preferred Qualifications:
- 2 Years of Relevant Experience, or Master of Science Degree in Economics or Statics from an accredited university preferred
8:00am - 5:00pm Monday - Friday
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.