Statistical Analyst, Banking–position located in SLC, UT, Remote WFH Job Vacancy in First Electronic Bank Salt Lake City, UT 84106 – Latest Jobs in Salt Lake City, UT 84106

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Company Name : First Electronic Bank
Location : Salt Lake City, UT 84106
Position : Statistical Analyst, Banking–position located in SLC, UT, Remote WFH

Job Description : Partnering with some of the most innovative FinTech companies in the nation, First Electronic Bank (FEB) collaborates with strategic partners offering a wide range of consumer and commercial credit products on a national basis. Offering revolving lines of credit, private-label credit cards, installment financing programs and more, FEB works hand in hand with strategic, collaborative partnerships promoting services and products to provide the most beneficial consumer and commercial financing solutions. First Electronic Bank is located in the beautiful Sugarhouse area of Salt Lake City, Utah, and is an FDIC-insured, state-chartered industrial bank. The Credit Risk Analyst will work closely with business unit leadership to assess loan and other risks by evaluating, developing models, and assessing data made available, gathered, and/or generated to forward Bank decision-making processes within the Bank and as decisions impact its strategic partner relationships.Job purposeThe Risk Analyst is responsible for evaluating the performance of various asset classes originated by the Bank, as well as the efficacy of predictive models used to underwrite loans and make other decisions.Duties and ResponsibilitiesKey functions of the role include using data to assess the financial performance of loan assets and forecast future results, making recommendations that lead to improved financial returns and strategic outcomes of the Bank, and interrogating the effectiveness of tools and decisions made on behalf of the Bank by its strategic partners. The Risk Analyst leverages their experience with statistics to validate the conceptual soundness and adequacy of predictive models in accordance with the Bank’s ongoing monitoring and testing of strategic partners. The Risk Analyst reports to the Model Risk Manager. Duties and Responsibilities include:Review credit decision models developed by partners to ensure conceptual soundness and adherence to all applicable laws and regulationsReview model performance against expectationsMaintain a deep understanding of key metrics that drive loan performance and the inter-relationships between those metricsAnalyze loan origination processes and loan portfolio performance, including performance segmentation analyses as appropriateDevelop forecasts based on a combination of historical data and potential macro-economic scenariosParticipate in testing credit origination models to confirm accuracy of credit decisionsEvaluate changes to credit policies and standards used in the origination of new loansParticipate in teleconferences with the Chief Credit Officer of assigned partner(s)Assist in credit model and underwriting risk assessments as part of the overall strategic partner risk assessments processParticipate in credit and model risk due diligence on potential new partnersParticipate or lead various projects to improve processes or better manage risk for the Bank, like enhancing portfolio reportingManage the development of, and ongoing maintenance of, dashboard reporting of portfolio performance for partnersConduct ad hoc analyses as needed to support Bank wide initiativesTechnical Skills:Strong math and analytical skills are essential to complete job requirements successfullyA solid understating of basic statistical concepts like sampling methods, statistical estimation, parametric and non-parametric statistics, and inferential statisticsThe ability to interpret the results of statistical models that include but not limited to linear regression, logistic regression, ANOVA (general linear models)Familiarity with machine learning methods like ensemble models (e.g., Random Forest, Boosted Machines, etc.)Ability to use tools to create graphical representations of data like Excel, Power BI or similarStrong computer skills and ability to use necessary databases and softwareCompile and organize statistical information retrieved and present findings to managementFamiliarity with statistical programming languages like R, SAS, Python, etc.Functional Skills:Clear communication skills; verbal, written and presentation developmentThe ability to read, interpret and critique technical documentation with strong attention to detailAbility to complete milestones and work toward multiple deadlines simultaneouslyExcellent multitasking skills and task management strategiesInterpersonal and customer service skills are required when meeting with clientsExperience working with private and sensitive personal informationConfident in decision making and the ability to explain processes or choices as neededFamiliarity with financial regulations a strong plusExperience with CECL or loss provisioning models a strong plusMinimum QualificationsBachelor’s degree in a quantitative field like Statistics, Mathematics, Computer Science, Economics or similar.2 years of work experience in an analytics role utilizing mathematical concepts or principals, with a strong understanding and proficiency in predictive modeling techniques.Strong oral and written communication skills with an ability to develop and deliver formal presentations.Ability to work in a team environment and dynamically align to changing business conditions.Preferred QualificationsFinancial and Banking domain knowledge a strong plus.Master’s degree in a quantitative field is a plus and may be substituted for work experience.Working conditionsRequired to complete Compliance trainings upon hire and as requested.Position may require travel, up to 20%.First Electronic Bank Offers a competitive compensation and benefits package including medical, dental, vision, 401K, PTO, short & long disability, life insurance and more. First Electronic Bank reaffirms its policy of providing Equal Employment Opportunity (EEO), by extending equal employment and advancement opportunities to all employees and applicants for employment, without regard to race, color, religion, age (40 and over), sex, pregnancy, gender, disability, national origin, ethnic background, citizenship, veteran status, sexual orientation, gender identity and expression or any other characteristic protected by applicable law.Job Type: Full-timePay: $80,000.00 – $105,000.00 per yearBenefits:401(k)401(k) matchingDental insuranceEmployee assistance programFlexible scheduleFlexible spending accountHealth insuranceHealth savings accountLife insurancePaid time offProfessional development assistanceReferral programTuition reimbursementVision insuranceSchedule:8 hour shiftSupplemental Pay:Bonus payEducation:Master’s (Preferred)Experience:statistical modeling: 2 years (Required)data analysis: 1 year (Required)Data Scientists & Statisticians: 2 years (Preferred)Work Location: One location

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