This position involves applying coding skills in a SAS environment along with mathematical/statistical and optimization methods to develop quantitative models supporting estimation of credit risk models. Analyst responsibilities include developing the models consistent with Quantitative Credit Risk Analytics (QCRA) and Model Risk Management requirements, performing back testing and sensitivity testing, supporting the model validation and implementation processes, and performing ongoing monitoring. Written and verbal communication skills are crucial as the associate will document his/her own work, provide in-line code documentation, and produce comprehensive model documentation and present analyses.
The individual will work predominantly within QCRA, but will also partner with representatives from the finance organization and the lines of business to develop models leveraging key factors driving commercial or retail obligor/borrower credit risk behavior.
The individual will, from time to time, be required to work on multiple projects at once as well as work effectively both individually and as part of a team. The ideal candidate will have the ability to evaluate large quantities of customer, financial market, and industry information in a database framework, and to communicate with senior business leaders and executives in a high-energy environment.
The successful candidate must demonstrate a combination of academic aptitude, quantitative skills, strategic and creative thinking and satisfactory written and oral communications skills.
The ideal candidate will have a predominant background in a quantitative discipline in statistical, applied economics, and computational methods. Prior credit risk modeling experience is preferred, but other relevant experience will be considered.
Proficiency with MS Excel, MS Word and MS PowerPoint is preferred. The candidate must hold a minimum of an MA/MS in a quantitative or scientific discipline such as statistics, operations research, mathematics, economics or a similar discipline and share common characteristics: assertiveness; attention to detail; initiative; leadership; strong work ethic; team focus.
Proficiency in at least one computer programming language including code development. Exposure to SAS, C/C++/C#, Python, Java, or other statistical software strongly preferred
Essential Duties and Responsibilities
Develop, document, and support deployment of quantitative models and other analytical tools. Projects may include, but not be limited to, risk tool/model development, recovery, assessment and monitoring relative to risk grading, delinquency and default estimation, credit line management, stress testing/loss forecasting, pricing, loss severity, and portfolio management.
Facilitate owner (e.g., line of business (LOB)) and Risk Management understanding and acceptance of proposed models by preparing high quality documentation, including presentations, explaining the model and its validity for its intended use. Provide support during verbal presentations to stakeholders and oversight groups.
For deployed models, develop and execute ongoing model verification, performance reporting, and assist with change management processes and procedures, including but not limited to back testing including outcomes analysis.
Ensure that models comply with BB&T requirements for model development, documentation, ongoing verification, change management and other policy requirements; address model validation recommendations and remediate issues.
Perform other analytical activities, as requested.
Continuously broaden and deepen expertise in analytical methods via self-directed research and training.
Ordinary least squares
Discrete time hazard modeling
Linear/Mixed Integer Programming
Time series analysis
Queuing theory (e.g., call center analytics)
Required Skills and Competencies
Strong work ethic and desire to enhance knowledge base and technical skills
Strong written and verbal communication skills
Ability to work independently and to seek and use guidance appropriately
Ability to handle ambiguity and adapt to shifting objectives
Strong problem solving skills
Demonstrated proficiency in basic computer applications (e.g., MS Office)
BB&T is one of the largest financial services holding companies in the U.S. with $220.3 billion in assets and market capitalization of $37.0 billion as of Sept. 30, 2017. Building on a long tradition of excellence in community banking, BB&T offers a wide range of financial services including retail and commercial banking, investments, insurance, wealth management, asset management, mortgage, corpo...rate banking, capital markets and specialized lending. Based in Winston-Salem, N.C., BB&T operates over 2,100 financial centers in 15 states and Washington, D.C. A Fortune 500 company, BB&T is consistently recognized for outstanding client service by Greenwich Associates for small business and middle market banking. More information about BB&T and its full line of products and services is available at BBT.com.