Quantitative Risk Management Lead

Quantitative Risk Management

The Quantitative Risk Management role will be a lead resource in model development, calibration, and monitoring for quantitative risk management with the primary focus of these models for use by the Banking division. This position will perform model development and management covering a wide range of financial instruments.

Key Responsibilities and Duties

• Provides quantitative analysis related to lending activity, planning, and overall balance sheet risk management.
• Completes risk management initiatives by developing statistical analysis to measure and model behavior of complex assets and liabilities.
• Develops models of one or more products on the balance sheet, including residential whole loans, pool buyouts, commercial loans, investment securities, and various deposit products.
• Measures the dynamics of balance sheet behavior to changing macro-economic conditions and explains behavior under changing economic conditions for the purpose of deposit pricing, interest rate risk management, and stress testing.
• Documents model inputs and outputs for the purpose of audit and review. Liaises with management and financial risk analysts to deploy models within the construct of overall balance sheet risk management framework.
• Serves as a modeling subject matter expert within the division and provides leadership and guidance to more junior analysts.
• Leverages third party models where necessary to measure asset and liability behavior.
• Leverages data management and dashboarding techniques to gain key insights into customer behavior, product risks, and valuation/earnings sensitivities.

Educational Requirements

• Bachelor's Degree Required

Work Experience

• 5+ Years Required; 7+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level

8IC

Required Qualifications:

• Bachelor's Degree in a Quantitative subject such as Finance, Economics, Mathematics, Statistics or Engineering
• 5 years of experience with at least one statistical software (i.e. SAS, Matlab, etc)

Preferred Qualifications:

• Ability to interpret technical-level data with a functional-level understanding of risk analytics
• Strong problem-solving skills, including the ability to formulate solutions to non-routine problems
• Knowledge of housing and economic research techniques
• Advanced spreadsheet management skills
  • Excel VBA
• Knowledge of statistics and advanced mathematics
• Detail-oriented, self-motivated and capable of working independently
• Exceptional time management skills

#LI-CS2

Base Pay Range: $98,300/yr. - $163,800/yr.

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

Company Overview

TIAA Bank, a division of TIAA, FSB, provides nationwide banking services to consumer and commercial clients through a variety of channels, including online and mobile applications, as well as its Florida-based financial centers.

TIAA has entered into a definitive agreement to sell TIAA Bank to new investors with extensive experience in financial services, as part of the company's strategy to refocus on its core retirement business and Nuveen, the company's asset manager. When the transaction is complete, in 2023, TIAA will retain a non-controlling stake in the bank, demonstrating the company's confidence in the bank's future success.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That's why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Read more about the Equal Opportunity Law here.

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:

Phone: (800) 842-2755

Email: [email protected]

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