at Wintrust Financial Corporation in Rosemont, Illinois, United States
Job Description
Job Title: Sr. Analyst-Model Development
Job location –Rosemont, IL- Hybrid position with some telecommuting flexibility, but requirement to physically be in Rosemont, IL office occasionally/as needed.
Salary: $90,000.00 per year
Responsibilities:
- Present quantitative results clearly and concisely and display a capability to discuss statistical and quantitative concepts coherently. 10%
- Develop and document model monitoring plan, monitor statistical model performance. 10%
- Perform various ad hoc reporting and analysis for senior management. 10%
- Develop Python predictive models for the purposes of risk ratings, CECL, and capital stress testing. This includes but not limited to writing of Python code, the training / fitting of the model parameters, and working with model validation team. 25%
- Assist in data collection, extraction, scrubbing, validity and sanity checks, transformation, and validation. 25%
- Responsible for full documentation of the model development process, testing performed, any and all modeling assumptions, limitations, and relevant control and governance processes surrounding the model. 10%
- Ensure that the model development process is followed end-to-end and completion of development and documentation. 10%
Requirements:
Master’s degree in Mathematics, Quantitative Finance, Economics, or related field with background in statistics is a prerequisite and 1 year of relevant experience in model design.
The position also requires:
- 1 year of experience with SAS, Python, and SOL.
- 1 year of experience with credit risk management methodologies and techniques.
- 1 year of experience using mathematical modeling to solve business problems in predicting customer's credit defaults, losses for commercial or retail financial products such as C&I, CRE, retails, and CRE Construction.
- 1 year of experience with credit risk evaluation, including qualitative and quantitative approaches, linear/logistic regressions, Xgboost, machine learning, statistical sampling, predictive modeling, time series analysis, back-testing, in-sample and out-of-sample forecasting.
Any applicant who is interested in this position may apply through the company website, www.wintrust.com/careers; ref job # 241242.
