Senior Quantitative Analyst

Company: East West Bank
Location: Pasadena
Posted on: June 19, 2022

Job Description:

Introduction Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Greater China, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates' potential for career advancement.Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Greater China markets. With a strong foundation, enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.OverviewWe are currently seeking a model development quantitative analyst within the Model Development and Analytics team.Responsibilities

• Participate in developing and implementing credit risk models for the use of CECL (design, development, validation, calibration, documentation, implementation, monitoring, and reporting).
• Provide financial and analytical, modeling expertise to build and improve quantitative models for various projects (including CECL, loss rate, PD, LGD, EAD models).
• Identify and address potential process gaps or process improvements including data model requirement, structure and use, policy governance and other quantitative tools. Effectively challenge the model's conceptual soundness, assumptions, and appropriateness of model methodology.
• Assemble, compile, and analyze information, and resolve errors/inconsistencies in data from financial reporting systems.
• Collaborate with business groups to develop effective modeling approaches to accurately represent the risks for practical business use.
• Conduct quantitative analysis as it applies to key business areas or specific types of models.
• Conduct independent research to effectively challenge the model's conceptual soundness, assumptions, and appropriateness of model methodology.
• Support ad hoc business analyses and business level variance analysis.
• Provide written or verbal communication to internal and external stakeholders conveying the results of research and analysis.
• Perform other assignments and special project analysis as requested by management. Qualifications
  • Master's degree in Statistics, Applied Mathematics, Economics, Finance or other quantitative disciplines.
  • Practical knowledge of quantitative forecasting models, financial analysis techniques and methodologies.
  • Good understanding of stress testing, credit risk, financial risk, and their processes.
  • Strong quantitative analytical skills that can be applied to banking with the ability to break down complex problems into a small number of key issues.
  • Proven ability to effectively independently problem-solve.
  • Ability to communicate complex analytical issues in understandable terms appropriate for internal and external stakeholders .
  • Proficiency with R or similar programming language. Proficiency with Microsoft Office tools.
  • Strong verbal and written communication skills.

Keywords: East West Bank, Pasadena , Senior Quantitative Analyst, Accounting, Auditing , Pasadena, California