• Quantitative Analyst

    ID
    2018-6987
    Job Locations
    US-CA-San Francisco
    Category
    Accounting/Finance
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    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 at First Republic.

     

    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.

     

    Common goals, uncommon potential

    As a Quantitative Analyst, you’ll use your strong R and SQL programming skills to assist the Finance team. You’ll have the opportunity to perform statistical modeling (for example, linear and logistic regression) and describe methodologies, insights and recommendations to business stakeholders and senior management.

     

    What you’ll do as a Quantitative Analyst:

    • Using a large relational database of residential mortgages, develop statistical credit loss models to meet the Financial Accounting Standards Board’s updated accounting standards (Accounting Standards Update 2016-13).
    • Apply your statistical and programming knowledge, using R and SQL, for the purpose of credit loss forecasting, including writing code, estimating model parameters and working with the model validation team.
    • Summarize your insights and present the key findings to business stakeholders and senior management.
    • Collaborate with programmers or analysts in Git and GitHub environments.
    • Test models for prediction accuracy, statistical soundness and sensitivity to risk drivers.
    • 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.
    • Perform regression diagnostics such as stationarity, residual correlation, heteroscedasticity, normality of residuals, multicollinearity, highly influential observations and overfitting.
    • Translate business problems into statistical problems and develop statistical models to support business needs.
    • Assist in data collection, extraction, scrubbing, validity and sanity checks, transformation, and validation for a variety of projects that use data.
    • Perform other ad hoc data analysis, including business intelligence and reporting.
    • Proactively identify opportunities to improve processes and to adopt leading industry practices.

     

    You could be a great fit if you have:

    • A graduate degree in analytics, computer science, statistics, applied math or econometrics
    • The ability to effectively describe methodologies, insights and recommendations to business stakeholders and senior management
    • Two years of experience working within a financial services-related institution creating credit risk models using a large database of loans; applying statistical and programming knowledge using R and SQL; and working with large relational databases and writing queries and stored procedures using T-SQL
    • One year of experience collaborating with other programmers or analysts in Git and GitHub environments
    • The ability to be team-oriented, juggle multiple tasks, and comfortably work and deliver high-quality results under tight deadlines

     

    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 hardworking 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!  

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