At a Glance
- Tasks: Validate models for Market Risk and apply machine learning techniques to enhance processes.
- Company: Join KeyCorp, a leader in inclusive culture and innovative financial solutions.
- Benefits: Competitive salary, incentive compensation, flexible work options, and career growth opportunities.
- Other info: Dynamic team environment with supportive colleagues and accessible leaders.
- Why this job: Make an impact with cutting-edge technology while tackling complex business challenges.
- Qualifications: Master’s degree in a quantitative field and 2+ years of relevant experience required.
The predicted salary is between 63000 - 77000 £ per year.
As a Senior Quantitative Analytics Associate, you will be at the forefront of validating models for Market Risk, IRRBB (including NII, EVE, Deposit modeling), and Liquidity. Your expertise in machine learning will be instrumental in developing advanced use cases such as generative AI for scenario simulation, reinforcement learning for deep hedging, and machine learning techniques for model calibration. You will also incorporate the latest market risk trends – including heightened uncertainty around interest rate movements and increased market volatility – ensuring our models remain aligned with current industry standards and best practices. This role offers a fantastic opportunity to learn and grow, gaining exposure to a wide range of market risk pricing models, term structure models, hedging models, and risk models.
ESSENTIAL JOB FUNCTIONS
- Validate models for Market Risk, IRRBB, Liquidity, and other risk areas
- Apply machine learning techniques to enhance and support model validation processes
- Deliver insightful analysis to address complex business problems
- Communicate findings effectively to partners, translating complex theories into easy-to-understand language
REQUIRED QUALIFICATIONS
- Master’s degree in a quantitative discipline with 2+ years of relevant experience
- Familiarity with Market Risk, IRRBB, and Liquidity concepts
- Familiarity with regulatory requirements such as SR11-07, IRRBB regulations, Market Risk Rule, FRTB, and SIMM
- Exposure to market risk pricing models, term structure models, hedging models, asset liability models, deposit pricing and runoff models, or other risk models spanning interest rate derivatives, commodities, FX, CDS, fixed income, and equity
SYSTEMS & TOOLS
- Experience with leading quantitative risk systems such as Calypso, RiskWatch, Bloomberg, QRM, and BlackRock, as well as cloud infrastructure platforms like GCP.
COMPENSATION AND BENEFITS
- Base salary in the range of $96,000.00 - $181,000.00 annually
- Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives
- Key has implemented an approach to employee workspaces which prioritises in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment
KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law. Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.
KeyBank is an organization collectively committed to helping you unlock your potential and discover what truly drives you. Working here means sharing our purpose to help our clients, colleagues, and communities thrive. You’ll find genuinely supportive teammates, a flexible, inclusive work environment, challenging projects, accessible leaders, and opportunities to grow in your position and your career.
Quant Analytics Sr Associate - Model Risk in City of Westminster employer: KeyCorp
KeyBank is an exceptional employer located in the heart of Cleveland, Ohio, offering a dynamic work culture that prioritises inclusivity and employee growth. As a Senior Quantitative Analytics Associate, you will benefit from a supportive team environment, flexible work options, and access to challenging projects that enhance your skills in model validation and machine learning. With a commitment to helping you unlock your potential, KeyBank provides a platform for meaningful career advancement while contributing to the success of clients and communities.
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We think you need these skills to ace Quant Analytics Sr Associate - Model Risk in City of Westminster
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