Quantitative Risk Analyst

Benefits Overview

A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. In order to be the best, we hire the best!

Benefits Offered by Co Bank

• Careers with a purpose
• Time-Off Packages, 15 days of vacation, 10 paid sick days and 11 paid holidays
• Competitive Compensation & Incentive
• Hybrid work model: flexible arrangements for most positions
• Benefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance
• Robust associate training and development with CoBank University
• Tuition reimbursement for higher education up to $10k per year
• Outstanding 401k: up to 6% matching and additional 3% non-elective contribution & Student Loan Match
• Community Impact:
  United Way Angel Day, Volunteer Day and Associate Directed Contribution
• Associate Resource Groups: creating a culture of respect and inclusion
• Recognize a fellow associate through our GEM awards

Job Description

Supports CoBank initiatives by providing analytical insight and metrics to help inform business decisions. Contributes to the research and development of quantitative models, performs detailed analysis of data and output, and communicates results to relevant stakeholders.

Essential Functions

• Contributes to the research and development of financial models incorporating credit and/or market risk elements.
• Contributes to or owns the ongoing management of existing models, which includes maintenance of data/documentation/parameters, performance monitoring, risk quantification and explanation/education of results.
• Acts as subject matter expert by presenting results, findings, conclusions and recommendations to internal and external stakeholders such as:
  CoBank management, Model Risk Management, CoBank business units, and external validators.
• Supports Quantitative Risk team and management during implementation of new models and/or research and development projects.
• Provides analytic support for ad-hoc analysis and development of visualizations with potential of becoming a standard for the bank.
• Researches internal and external data sources required for modeling. Investigation may require creation of new business rules for modeling purposes.
• Identifies and applies business knowledge and rules required for model development.
• Queries, manipulates, and analyzes large datasets.

Education

• Master's Degree Quantitative Finance, Mathematics, Computer Science, Statistics or other relevant discipline required
• FRM, PRM, and/or CFA certification preferred

Work Experience

• 3 years in quantitative finance required
• Experience with Asset/Liability risk analyses principles such as interest rate risk, liquidity risk, funding risk, and currency risk.
• Knowledge of the current regulatory framework on risk modeling. Knowledge of agriculture industry.
• Knowledge and/or experience with credit risk modeling, loss forecasting, regression models and economic capital.
• Knowledge of financial, mathematical modeling theory and practice.
• Proficiency in statistical software packages such as SAS, Matlab, R, Python, VBA, or C++. Proficiency in data mining and understanding of relational databases, particularly in SAS and/or SQL. Demonstrated expertise in problem solving.
• Knowledge of vendor tools such as QRM, Moody's Risk Frontier, and Polypaths.
• Knowledge of the finance and lending industry including instrument structures/types and financial markets knowledge. Knowledge of overall risk management and finance concepts.

Physical Exertion Details

Sedentary Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time.

Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.

Travel Requirement Details

Occasional Travel occurs infrequently (typically, once a month or less).

About Co Bank

The typical base…