Western Alliance Bank

  • Senior Quantitative Analyst

    Req No.
    Western Alliance Bank
    Risk Management & Compliance
    Regular Full Time
  • Overview

    The Senior Quantitative Analyst will play a senior role in the Model Risk Management (MRM) Group, focusing on reviews of models used at the Bank to make business and operating decisions. This includes models for corporate (C&I) and commercial real estate (CRE) exposures for stress testing, as well as allowance models. The model validator will have experience and knowledge of credit loss modeling and validation for commercial or consumer portfolios (e.g., default models, transition models, loss-given-default models), as well as familiarity with various vendor models. 


    The Quantitative Analysts will participate in model validation and other model risk management activities to ensure model risks are correctly identified, assessed, and captured. This includes the following:

    •     Provide leadership within MRM, in terms of managing other quantitative analysts, or consulting resources, ensuring deadlines and deliverables are met as well as training and developing the Team
    •     Provides financial, analytical, model validation expertise to qualitative and quantitative models
    •     Demonstrates in-depth understanding of the whole function and/or key business areas supported
    •     Designs and performs testing of all model components
    •     Designs and performs statistical model assumptions’ tests for soundness of model theory
    •     Assesses adequacy of model documentation
    •     Conducts remediation and ongoing monitoring activities
    •     Writes high quality model validation reports and/or presentations, consistent with the groups guidelines and templates
    •     Provides financial, analytical, planning, and forecasting expertise to assist in the development of projects
    •     Explores best practice modeling techniques for model enhancement
    •     Provides support for and implementation of model risk management policies and procedures
    •     Works with and oversee consulting resources as needed


    • Graduate’s degree in economics, statistics, finance, or other related quantitative fields (PhD preferred)
    • 3+ years of work experience in a Financial Services Firm on a model validation or model development group
    • Comprehensive practical knowledge of both quantitative and qualitative forecasting models, financial analysis techniques and methodologies
    • Proven ability to employ complex analytical tools and statistics to perform analysis and forecasting of financial and other business information
    • Excellent quantitative modeling, analytical, research, and programming skills (e.g., SAS, R, Stata, Matlab)
    • Strong communication skills both verbal and written
    • Good project management skills, with the ability to work independently on multiple tasks and/or projects
    • Knowledge of financial markets and products
    • Be able to take initiative and meet deadlines
    • Detail oriented


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