Western Alliance Bank

  • Quantitative Analyst/Risk Modeler

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

    Western Alliance Bank (WAL) is seeking a Quantitative Analyst/Risk Modeler for modeling corporate (C&I) and commercial real estate (CRE) exposures for stress testing, including the Dodd-Frank Act Stress Test (DFAST). The commercial risk modeler will have experience and knowledge of credit loss modeling for commercial or consumer portfolios such as default models, transition models, loss-give-default models, and vendor models. This position will work with a senior modeler to develop the next generation of the Bank’s loss forecasting models. In this role, you will contribute to the success of WAL stress testing and loss forecasting initiatives.


    • Contribute to multiple model development projects for C&I and CRE portfolios
    • Work with other quantitative analysts in model development
    • Participate in data analytics, statistical model development, statistical testing, requirement documentation, and implementation testing of multiple, complex models
    • Partner with portfolio risk managers and business lines to develop and implement risk assessment and stress testing strategies
    • Communicate modeling concepts and model assumptions with regulators, auditors, and independent model validation teams
    • Complete required Model Documentation within or ahead of expected timelines
    • Monitor and improve quality and maintain 'best practice' modeling development.


    • Master’s Degree in Statistics, Economics, Finance, or related quantitative field (PhD preferred)
    • Advanced statistical modeling experience
    • Strong written and verbal communication skills.
    • Experience with statistical programming language such as SAS or R
    • Familiarity with accounting rules related to charge-offs, recoveries, and non-accrual accounting
    • Experience in Statistical model development methodologies
    • Experience in Statistical model implementation

    Preferred Skills/Experience

    • Experience in major task,deliverables, formal methodologies and disciplines for credit risk modeling at a financial institution regulated by the OCC or Federal Reserve
    • Experience with stress testing concepts and related regulatory guidance(such as Fed Letter SR 11-7)
    • SQL Scripting and database experience
    • Experience in Statistical model development and testing
    • Experience in risk monitoring and reporting
    • Knowledge of Commercial credit risk modeling



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