Manager, Quantitative Analytics

ID
2020-10338
Job Locations
US-CA-San Francisco

 

At First Republic, we care about our people. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. We believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You’ll always feel empowered and valued here. 

 

Incredible teams doing exceptional work, every day

In Finance, we’re responsible for the Bank’s financial health. We work with teams across First Republic to set growth strategies, explore initiatives, stay ahead of market trends, monitor risk and ensure compliance with the latest regulatory requirements.

 

The bank seeks a Quantitative Analytics Manager with excellent communication, statistical modelling and R and SQL programming skills to join the Finance team. The ideal candidate should have at least 3 years of work experience in statistical modeling (e.g., generalized linear models) and have a strong desire to summarize insights for stakeholders and senior management.

 

What you’ll do as a Manager of Quantitative Analytics:

  • Translate business problems into statistical problems, and develop statistical models to support business needs.
  • Manage, develop and document statistical models to forecast credit losses, loan prepayments, mortgage rate spreads, and funding costs.
  • Apply statistical and programming knowledge, using R, SQL and GitHub environment, for the purpose of credit loss forecasting: including data collection and scrubbing, writing code, estimating model parameters, testing & diagnostics, sensitivity analysis and working with the model validation team.
  • Summarize insights and present key findings to business stakeholders and senior management.
  • Fully document the model development process, model tests performed, model assumptions, and processes for controls and governance.
  • Respond to model scrutiny and inquiries from both internal and external validators as well as federal regulators to ensure conceptual soundness, prediction accuracy, and robustness.
  • Proactively identify opportunities to improve processes and to adopt leading industry practices.
  • Assure management of the completeness and accuracy of model documentation, data analyses, R and SQL programs, reports, conclusions, and presentations.
  • Perform ad-hoc data analysis including business intelligence, exploratory data analysis, data visualization, and management reporting.

 

You could be a great fit if you have:

The candidate should have excellent programming skills in R and SQL. The person will mainly develop and maintain credit loss models to meet the FASB ASU 2016-13 accounting standards, aka Current Expected Credit Loss (CECL), to estimate allowance for credit losses (ACL). The candidate will be an integral member of the Finance department. Qualifications for the position include:

  • An advanced degree in analytics, data science, statistics, applied math, or econometrics
  • A strong desire to explain methodologies, insights, and recommendations to business stakeholders and senior management
  • Three (3) years of experience: (a) developing and documenting predictive models for financial services companies; (b) applying advanced statistical and programming knowledge using the R programming language; and (c) writing complex SQL queries and T-SQL stored procedures; and
  • Two (2) years of experience collaborating with other programmers or analysts in Git or GitHub. Experience can be concurrent.
  • Candidate must be team-oriented, able to juggle multiple tasks, and comfortably work and deliver high-quality results under tight deadlines.

 

Job Demands:

  • Must be able to review and analyze data reports and manuals; must be computer proficient.
  • Must be able to communicate effectively via telephone and in person.

 

Own your work and your career - apply now

Are you willing to take initiative and make decisions? Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career? If so, then come join us.

 

We want hard working team players. You’ll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability—that’s the First Republic way. Come join us!

 

This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned to meet the ongoing needs of the organization. The Company is an equal opportunity employer. In this regard, the Company makes reasonable accommodations for qualified applicants and employees with disabilities in order to enable them to perform all essential job functions, unless doing so creates an undue hardship.

 

First Republic is subject to federal laws that restrict the employment of individuals with certain types of criminal histories, including FDIA Section 19 and FINRA. To the extent not inconsistent with our obligations under those federal laws and regulations, First Republic will consider qualified candidates with criminal histories in a manner consistent with the Los Angeles and San Francisco ban-the-box laws.

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