Quantitative & Data Scientist II
Corporate Finance
Lake Oswego, Oregon
Hillsboro, Oregon
Description About Us: At Umpqua, we create a great place to work by offering a unique brand of relationship banking and fostering a culture where associates thrive. We are dedicated to supporting our customers and communities, and we can only achieve this through the dedication of our employees.
We value Trust, Ownership, Growth, Empathy, Teamwork, Heart, Enjoyment, and Relationships, and we are eager to meet candidates who embody these core values. We are always on the lookout for results-focused individuals who can think independently, work collaboratively, and support our broader purpose.
Think of us as financial partners, because at Umpqua, we believe the best way forward is together. Together for people. Together for business. Together for better.
About the Role: In this role, you will engage in development, execution, and implementation of statistical, mathematical, economic, and financial models for business decision making, risk assessment and strategic initiatives. Successful candidate will have the opportunity to learn different models and modeling techniques that are used at the bank including but not limited to: financial planning models, fraud detection models, customer analytics, credit risk management, anti-money laundering and asset liability management. This position will assist in completing model validation requirements for a variety of financial and non-financial models used across the bank. Working with stakeholders across the bank, you will provide advice on model selection, implementation, and usage.
- Design, estimate, implement, test, document and maintain statistical models for default and loss severity forecasting for retail and commercial loan portfolios. Utilize data mining and statistical techniques to develop analytic insights, sound hypotheses, and informed recommendations.
- Conduct ad hoc quantitative analyses, modeling, or programming using DataBricks, SQL, R, or Python.
- Partner with business units to identify their business needs and develop, implement, and manage modeling solutions in accordance with SR 11-7. Assist business units in assessing quality of model inputs/outputs through back testing against realized outcomes, benchmarking against alternative models and other relevant tests. Recommend short- term and long-term model monitoring solutions based on the nature and tier of the model.
- Research and Develop quantitative tools and techniques to measure and analyze model risks and establish conclusions on strengths and limitations of the model. Assess conceptual foundations of a model, model specification, underlying assumptions, limitations, variable selection, underlying data, developmental evidence, documentation.
- Interview model developers/vendors and model owners to understand the business context for model use and facilitate the adoption of model risk managementstandards. Keepup to datewith any banking regulations affecting model risk management practices across the bank.
- Advocate quantitative practices across the bank. Propose and execute model validation tests for new and existing models in the inventory.
- Assist manager in production of regular and ad-hoc reports on individual and Bank-level model findings for Senior Management and regulators.
- Coordinate with model validation team on any changes to the Bank's model inventory or End user Applications.
About You: - Master's Degree in economics, mathematics, statistics, financial engineering, quantitative finance, or actuarial sciencesrequired.
- Doctoral degree or equivalent experiencepreferred.
- 2-4 yearsin banking or financial services as a Data Scientist, Statistician, Quantitative Risk Analyst, Model Developer, Model Validator, or similarrequired.
- Knowledge of regulatory requirements related to model risk management (FRB/OCC SR 11-7), Basel II/III capital requirements, and Dodd-Frank Act Stress Testing (DFAST).
- Advanced understanding of statistical modeling, econometric forecasting, machine learning, data extraction and processing techniques; and demonstrated ability to apply such methods.
- Experience with analytics software (Python, PySpark, R, Matlab, Excel VBA, SQL), relational databases and/or cloud computing platforms like Azure or AWS.
- Possess communication skills, both oral and written, with ability to translate complex statistical or economic theories and analysis into practical implications for business teams and Senior Management.
- Demonstrate strong organizational skills, with the ability to manage multiple concurrent projects.
- Ability to proactively learn newly emerging statistical, econometric, and mathematical modeling techniques, and understand the implications of their use in a banking organization.
- Proven organizational skills are required to perform multiple tasks simultaneously to meet strict deadlines. Critical thinker with business intuition, intellectual curiosity, and ability to execute.
- Certification as Financial Risk Manager (FRM), Chartered Financial Analyst (CFA), or Certificate in Quantitative Finance (CQF) or progress toward the Certificationpreferred.
Job Location(s): Ability to work fully onsite at posted location(s).
Lake Owego, Oregon
Tanasbourne, Oregon
Our Benefits: We offer a competitive total rewards package including basewagesand comprehensive benefits. Thepayrange for this role is $88,944.67 to $165,182.79and the pay rate fortheselected candidate isdependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The rolemay beeligible for performance-based incentive compensation and those details will be provided during the recruitment process.
We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays. Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.
Our Commitment to Diversity : Umpqua Bank isan equal opportunityand affirmative actionemployercommitted to employing, engaging, and developinga diverse workforce.Allqualifiedapplicants will receive considerationfor employmentwithout regard to race, color,national origin,religion, sex, age, sexual orientation, gender identity, gender expression, protected veteran status, disability, or any other applicable protected status or characteristics.If you require an accommodation to complete the application or interview(s),please let us know by email: email protected .
To Staffing and Recruiting Agencies: Our posted job opportunities are onlyintendedfor individuals seekingemploymentat Umpqua Bank.Umpqua Bank does not accept unsolicited resumes or applications from agencies and Umpqua Bank will not be responsible for any fees related to unsolicited resume submissions.Staffing and recruiting agencies are not authorized to submit profiles, applications,or resumestothis site or toany Umpqua Bank employeeand any such submissionswill be consideredunsolicitedunlessrequesteddirectlyby a member of the Talent Acquisition team.