Quantitative Modeling & Analytics Analyst, Associate

Union Bank, N.A. Los Angeles , CA 90009

Posted 2 months ago

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we're 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that's working to fulfill its vision to be the world's most trusted financial group.

Job Summary:

The Quantitative Modeling & Analytics Analyst will be primarily focused on developing econometric models for balance and income forecasting. These models attempt to illuminate the relationship between macro-economic factors and interest rates with changes to assets or liabilities on the Bank's balance sheet. Such models are used for Interest Rate Risk (IRR), scenario forecasting such as CCAR, and also for business planning and strategy. Post model development and validation, the analyst will own the implementation of models and analytical tools and be responsible for performance monitoring. The analyst will provide expertise and support to various lines of business and be responsible for ad hoc analysis as needed.

The position requires work that is complex and varied by nature and includes a significant amount of attention to detail and flexibility to support management and regulatory reporting.

Major Responsibilities:

  • Own, manage and develop econometric models

  • Support processes associated with periodic Stress Testing (CCAR and DFAST)

  • Contribute to the increased usage of Stress Test processes (increased frequency and usage for other purposes)

  • Own, manage and develop regular monthly Interest Rate Risk (IRR) processes associated with Economic Value of Equity (EVE) and Earnings at Risk (EAR)

  • Implement models and analytical tools

  • Develop a deep understanding of the Bank's balance sheet, individual products and associated risks

  • Work with management to craft strategies in the mitigation of Interest Rate Risk and other risk

  • Demonstrate outstanding quantitative, communication and presentation skills

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Quantitative Modeling & Analytics Analyst Associate

Mufg

Posted 2 months ago

VIEW JOBS 4/13/2019 12:00:00 AM 2019-07-12T00:00 Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we're 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that's working to fulfill its vision to be the world's most trusted financial group. Job Summary: The Quantitative Modeling & Analytics Analyst will be primarily focused on developing econometric models for balance and income forecasting. These models attempt to illuminate the relationship between macro-economic factors and interest rates with changes to assets or liabilities on the Bank's balance sheet. Such models are used for Interest Rate Risk (IRR), scenario forecasting such as CCAR, and also for business planning and strategy. Post model development and validation, the analyst will own the implementation of models and analytical tools and be responsible for performance monitoring. The analyst will provide expertise and support to various lines of business and be responsible for ad hoc analysis as needed. The position requires work that is complex and varied by nature and includes a significant amount of attention to detail and flexibility to support management and regulatory reporting. Major Responsibilities: * Own, manage and develop econometric models * Support processes associated with periodic Stress Testing (CCAR and DFAST) * Contribute to the increased usage of Stress Test processes (increased frequency and usage for other purposes) * Own, manage and develop regular monthly Interest Rate Risk (IRR) processes associated with Economic Value of Equity (EVE) and Earnings at Risk (EAR) * Implement models and analytical tools * Develop a deep understanding of the Bank's balance sheet, individual products and associated risks * Work with management to craft strategies in the mitigation of Interest Rate Risk and other risk * Demonstrate outstanding quantitative, communication and presentation skills * Master's degree in Financial Engineering or Financial Mathematics. A candidate with a Ph.D. in Statistics or Economics with appropriate experience in finance will also be considered. * Familiarity with SAS, R or other statistical analysis software is required. SAS experience is highly preferred * 1-3 year's work experience in modeling or financial analysis is preferred * Knowledge and understanding of a bank's balance sheet and individual financial instruments and regulatory requirements * CFA / FRM a plus * Knowledge of MS Office Suite (emphasis on Excel, Word, PowerPoint and Visio) required * Experience with Financial Database Systems such as Hyperion is preferred. Experience using SQL is required. * QRM Enterprise Risk Framework experience highly desired The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified. We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category. A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses. Mufg Los Angeles CA

Quantitative Modeling & Analytics Analyst, Associate

Union Bank, N.A.