Quantitative Analyst

Banner Bank
paid holidays, sick time, tuition reimbursement, 401(k)
United States, Washington, Spokane
Mar 11, 2025
More than 130 years ago, we started with core values that never go out of style: listen, learn and help businesses and individuals reach their goals. Our financial strength and stability are key reasons Forbes names us one of the Best 100 Banks in America the past eight consecutive years and Newsweek names Banner one of the Most Trustworthy Companies the past four years. With more than $15 billion in assets and over 150 locations throughout Washington, Oregon, Idaho, and California, we understand our role in the economy and take that responsibility seriously. In addition to offering a source of capital to personal banking clients and businesses of all sizes, we place a high importance on employee volunteerism and donate millions of dollars each year to community organizations. As a Quantitative Analyst you will perform analytical research, model development, testing, implementation, and documentation of models. Provide guidance on model limitations and recommend disciplines to mitigate model risks across the Bank. Utilize quantitative skills to analyze and summarize data and formulate findings. In this role you'll have the opportunity to: Develop and document the models needed to perform stress analysis in accordance with regulatory requirements (DFAST, Basel III and other federal regulations for banks). Develop , document, and sustain quantitative tools and models used to measure risks to earnings and capital inherent in the company's current position and business plans/forecast, quantify the probability of default, loss given default, and exposure at default used in the credit review process and calculation of the allowance for loan and lease losses, and assess economic capital ensuring that risks taken are adequately compensated. Responsible for evaluating and enhancing models periodically to uphold their relevance and safeguard compliance with regulatory requirements. Responsible for serving as a subject matter expert in the arenas of risk quantification and modeling, working closely with both internal and external stakeholders, including lines of business, risk professionals, and regulatory authorities. Prepare and provide data for regulators, independent public accountants, and consultants on contemporary quantitative processes, related outputs, and analyses and management determined model inputs. Responsible for communicating results of work and recommendations for improvements or enhancements effectively to all levels of management. Analyze and convert statistics from different sources into meaningful business intelligence to enhance decision making and financial performance. Responsible for complying with policies, procedures, security requirements, and government regulations. Education & Certifications Master's Degree: Finance, Economics, Statistics or Mathematics required (an equivalent combination of education and experience may be considered) Experience 2 or more years of experience in financial and business analysis 2 or more years of experience in a modeling discipline for Banking or Capital Markets at a DFAST or CCAR banking organization or consulting firm 2 or more years' experience with SQL, Power BI, R Knowledge, Skills and Abilities Possess excellent interpersonal skills with the ability to collaborate with multiple business partners and colleagues. Advanced process and project management skills, with the ability to execute against tight deadlines while remaining flexible to evolving requirements. Demonstrate proficiency in at least one programming language such as R. Possess modeling experience with PPNR or Credit or Market Risk Advanced understanding of time-series stylized facts and models (e.g., ARCH/GARCH). Knowledge of time-series and panel data analysis as well as linear and non-linear generalized linear mixed models. Possess understanding of linear and non-linear interdependence between risk factors such as variance-covariance or copulas. Knowledge of key distributions and their implementation in various analysis contexts. Knowledge of federal and state laws and regulations relating to accounting and financial reporting and stress analyses modeling. Travel 0% Compensation & Benefits Targeted starting salary range (based on experience): $88,657 - $104,303 Annual incentive potential Comprehensive employee benefits, including: medical, dental, vision, LTD, STD and life Paid vacation time, sick time and 11 company paid holidays 401k (with up to 4% match) Tuition reimbursement Get more information at: Employee Benefits \| Banner Bank Please take time to review Banner Bank's Consent & Privacy notice before applying. Banner Bank is an Equal Opportunity Employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, marital status, age, disability or protected veteran status. Banner Bank does not accept unsolicited resumes from agencies and/or search firms for any job postings. Resumes submitted to any Banner Bank employee by a third-party agency and/or search firm without a valid written and signed search agreement, will become the sole property of Banner Bank. No fee will be paid if a candidate is hired for a position as a result of an unsolicited agency or search firm referral.