Senior Model Development Analyst

Job Description

Every career journey is personal. Thats why we empower you with the tools and support to create your own success story. Be challenged. Be heard. Be valued. Be you ... be here. Job Summary The Senior Model Development Analyst job is responsible for generating data-driven insights into economic capital needs of the Banks and the practical results of stressed credit risk conditions. The focus is to help the Banks understand their risk profiles under normal and stressed scenarios and the capital and risk management processes needed to support those risk profiles. Besides economic capital modeling, the Senior Model Development Analyst will take ownership of stress testing in other areas, including the stress testing required by Dodd Frank (DFAST), liquidity stress testing, and other. They will also be responsible for analyzing the effects of policy and strategy changes on outcomes. Some of this analysis will entail the building of models, some will require other analytical skills. Essential Job Functions Model Analysis- Translates risk profiles into statistical models and analysis by completing the following types of models/analyses with the overarching goal of quantifying for senior management and the Boards of Directors risk levels and the capital and risk management processes needed to support those risk levels: Economic Capital Models, Decision trees, Regression modeling, Stressed Testing incorporating macro-economic variables and scenarios, Clustering, Other data mining techniques. Usage of business intelligence tools to gather and analyze data. Builds predictive models using Statistical methodologies like Decision trees, Regression modeling, Clustering. Business Relationships - Summarizes results into key insights that are easy to understand and useful; presents key findings and recommended solutions to internal and external business partners. Provides recommendations regarding how to use data science and models to drive critical business decisions. Translates partners business needs into analytics projects and can quickly estimate potential benefits. Thus, must have strong knowledge of the business, such as drivers of profitability, system capabilities, and company goals. Create Solutions - Extracts data, conducts exploratory data analysis, and addresses common data issues like missing and extreme values. Troubleshoots and finds the best analytical technique to address the business problem. Documents analysis processes and results. Sees solutions through to completion by providing support for implementation of solutions and monitoring impact. Utilizes knowledge of Macro-economic variables and Macro-economic scenarios for Economic Capital Prediction and Stressed Testing. Influences change, prioritizes efforts on critical initiatives, and works to identify find solutions to opportunities. Consultation - Participates in the consulting efforts for the Banks in the following ways: Generates innovative ideas/proposals regarding specific analytics projects that quantify risk levels. Designs and plans models/analyses. Develops key content for analytical presentations that are easy to understand and insightful for non-technical audiences. Completes the following R & D tasks: Researches industry trends in analytical approaches to economic capital and stress testing. Conducts exploratory analysis as well as testing/analyzing new methodologies. Translates analytical results into useful recommendations that increase risk quantification. Communicates effectively with vendors, such as credit bureaus, regarding new data and techniques used in the industry. Accurately foresees and estimates impact to all departments throughout Retail and Bread Financial. Provides support for outsourced models when the business need arises, which may involve providing direction/input to the vendor. Compliance - Maintains regulatory standards by doing the following: Completes all checks on model quality and stability, and addresses potential issues effectively. Is aware of potential regulatory concerns and applies controls during model-building process. Creates clear and up-to-date documentation of all projects. Gains CLO, Law, and Compliance approval on all new models. Participates in model reviews when necessary. Reports to : Senior Director or above Working Conditions/ Physical Requirements : Normal office environment Direct Reports : None Minimum Qualifications: Bachelor s degree or equivalent education in Finance, Statistics Five years or more years Developing statistical models and performing data mining analysis, Hands-on experience in building sophisticated models to address business problems (regression, segmentation, decision trees, time series, design of experiments, etc.), Translating analytics insights into business recommendations. Preferred Qualifications: Masters degree in Finance, Statistics Five years or more Experience in extracting and manipulating large datasets, Experience in consumer credit Underwriting, Collections and/or Fraud experience Other Duties This job description is illustrative of the types of duties typically performed by this job. It is not intended to be an exhaustive listing of each and every essential function of the job. Because job content may change from time to time, the Company reserves the right to add and/or delete essential functions from this job at any time. About Bread Financial At Bread Financial, you ll have the opportunity to grow your career, give back to your community, and be part of our award-winning culture. We ve been consistently recognized as a best place to work nationally and in many markets and we re proud to promote an environment where you feel appreciated, accepted, valued, and fulfilled both personally and professionally. Bread Financial supports the overall wellness of our associates with a diverse suite of benefits and offers boundless opportunities for career development and non-traditional career progression. Bread Financial (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers. To learn more about Bread Financial, our global associates and our sustainability commitments, visit breadfinancial.com or follow us on Instagram and LinkedIn . All job offers are contingent upon successful completion of credit and background checks. Bread Financial is an Equal Opportunity Employer. Job Family: Enterprise Risk Job Type: Regular