Jr Quantitative Analyst

Valley Bank

Apr 10, 2024

Applications are closed

Job
Full-time
Entry Level
Data
Morristown

Requirements

Required Skills:
Must have the ability to handle large data sets.
Have experience using statistical packages for research/modeling, such as R. Must have sufficient modeling techniques in option theory, econometric forecasting and statistical analysis.
Proficiency with Visual Basic Script within Microsoft Excel.
Possess the ability to explain technical results in plain language to laymen in clear and straightforward fashion.
Have experience defending a statistical approach and set of assumptions from regulator and audit inquiries.
Have proficient written and verbal communications skills, attention to detail and strong time management skills.
Possess strong analytical thinking and critical reasoning skills.
Have proficient interpersonal skills and ability to work effectively with colleagues across different functions.
Have the ability to effectively handle a fast-paced environment and successfully meet established deadline requirements.
Be self-motivated and must have the ability to work independently.
Required Experience:
Bachelor's Degree in a quantitative discipline.
6 months of related above experience or formal training or participation in the Valley intern program.
Masters Degree in a quantitative discipline, preferred.

Responsibilities

Conduct independent quantitative and qualitative validation of Bank's financial models under the guidance of the Quantitative Analyst of Model Risk Management.
Develop challenger models to facilitate validation of models presented by Line of Business.
Documents all steps of the independent model validation process in accordance with the approved Model Risk Management policy and standards.
Draft model validation reports for review by Quantitative Analyst.
Maintains current research in financial products and continue to enhance modeling skills and techniques to be utilized in function.
Provides various quantitative support to other departments, including modeling techniques, deep-dive analyses, tools to increase efficiency, special topics on market or credit risk, and others.
Assist Quantitative Analyst on reviewing/updating Model Risk Management policies and procedures.
Assist Quantitative Analyst in monitoring the Bank's model risk inventory, schedule and list of model findings.

Valley Bank

You Made Possible

Finance

Industry

1001-5000

Employees

1927

Founded Year

Mission & Purpose

Valley National Bank is a regional financial institution with approximately $64 billion in assets and more than 230 convenient branches and commercial banking offices across New Jersey, New York, Florida, Alabama, California, and Illinois. Valley was founded in 1927 on the simple principle of creating better banking opportunities for our customers and helping communities grow and prosper. For over 95 years, more than 4,000 of our professional banking associates have embraced this spirit by providing a full range of commercial and retail banking services, home mortgage and commercial lending, wealth, insurance, and estate planning solutions to help our customers and communities achieve financial success. We believe that better banking begins with a conversation. That’s why we work hard every day to provide personalized financial solutions that help our clients address their toughest challenges and embrace their greatest opportunities. Our employees are the foundation of our culture and are committed to helping our clients succeed. We invite you to learn more about Valley and why it is a great place to find a challenging and rewarding career.