"Alerted.org

QUANTITATIVE ANALYST

Our Company

AtFirstBank PR, we strive to be a trusted advisor to our clients and our employees are the ones that ensure we deliver on our promise of excellence in personalized customer service. Our more than 3,100 employees in Puerto Rico, the Virgin Islands and Florida share a passion for excellent customer service. We are proud of our team because they are continuously surpassing our client’s expectations.

Do you have a passion for helping customers, building relationships, and delivering extraordinary, personalized customer service? If your answer is yes, FirstBank is the number one place for you.

A Brief Overview

Performs understanding and validation of modeling methodologies and other risk management activities consistent with the Model Risk Management (MRM) framework and to comply with regulatory requirements. Conducts statistical processes to evaluate model conceptual soundness, assumptions, data quality and completeness, testing, validation, performance monitoring, and controls. The Quantitative Risk Analyst reports to the Model Risk Manager at the ERM and Operational Risk Department.

What You’ll Need to Succeed

+ Understanding of modeling assumptions, inputs, processing, develop men t and model results.

+ Build and program challenger statistical models to test model owners’ determined monitoring framework.

+ Validate the adequacy of control processes that will mitigate future risk calculation errors.

+ Interact/Liaise with model owners, users, developers, and model reviewers.

+ Perform statistical based model validations , produce model validation reports , perform annual review s, and analyzed on-going monitoring for all models + .

+ Workflow management to ensure deliverables are prepared according to their timelines.

+ Preparation and delivery of validation and engagement status updates to internal and external stakeholders.

+ Keep current with the best practices recommended by the bank regulators.

+ Interact/Liaise with regulatory bodies to support challenger models developed and utilized during validation exercises.

+ Performs any other special assignments assigned by the Model Risk Manager and/or the ERM and Operational Risk Director.

+ Monitors compliance with continued education requirements of the Bank and professional associations.

+ Proactively review current data entry processes for efficiency and identify process improvements, standard operating procedures, best practices .

+ Validate data analysis required for model development.

+ Review and challenge documentation around all required tests and measures of developed models (e.g., sensitivity, accuracy, volatility).

+ Validate routine analysis for model performance monitoring and model review, maintaining current model inventory for validation and audit compliance.

+ Assess the appropriateness and comprehensiveness of available model documentation (e.g., Model Development Documents, and Technical Review Documents).

+ Utilize quantitative skills to analyze and assess the reasonableness of Management’s response to data and formulate findings.

+ Challenge supporting business research performed by the model operators in their quest to gather data, identify options, and create non-routine reports with detailed analyses.

Minimum Requirements You’ll Need

Bachelor’s degree in Math, Economics, Finance, Statistics, Engineering or other quantitative disciplines is required .

2+ years working experience in risk management , statistical analysis, modeling, or other quantitative discipline .

Proficient in at least one programming language such as R, Python, SQL, or equivalent, with the ability to work with large datasets.

Microsoft Office knowledge in Word , Excel and Power Point.

EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER