Huntington National Bank
Quantitative Risk Modeling Lead
Huntington National Bank, Detroit, Michigan, United States, 48228
Quantitative Risk Modeling Lead
at Huntington National Bank Overview
The Quantitative Risk Modeling Lead is responsible for overseeing the development, implementation, and monitoring of advanced quantitative models for consumer and commercial credit, PPNR, loan origination, and portfolio management. This role requires a deep understanding of statistical modeling, machine learning, and risk management frameworks, along with strong leadership and project management skills. Duties and Responsibilities
Model Development: Lead the creation and enhancement of complex quantitative models for credit risk, PPNR, loan origination, and portfolio management. Data Analysis: Oversee the analysis of credit portfolio performance data to identify trends, risks, and opportunities. Model Monitoring: Ensure ongoing monitoring and validation of existing models, including reporting and analysis of results. Advanced Model Building: Compile and process historical data, perform sophisticated data analysis using AI/ML tools, build and refine models using regression analysis and ML tools, and oversee implementation and production. Research: Drive research initiatives to explore new modeling methodologies and techniques, staying abreast of industry advancements. Collaboration: Coordinate with various teams to support governance, audit/compliance, and validation projects related to developed models. Leadership: Mentor and supervise junior modeling analysts, providing guidance and support to ensure high-quality model development and implementation through technical reviews. Project Management: Manage multiple projects simultaneously, ensuring timely delivery and adherence to deadlines. Performance Analysis: Conduct in-depth analysis of credit portfolio performance data, providing actionable insights to senior management. Ad-Hoc Analytics: Lead ad-hoc analytics projects to address specific business needs and challenges. Other Duties: Perform additional duties as assigned, contributing to the overall success of the risk modeling team. Basic Qualifications
Master's degree in a quantitative field (mathematics, statistics, economics, engineering, finance, physics). 5+ years of experience in statistical modeling using SQL, SAS, R, and Python. 5+ years of experience in machine learning and data mining. Preferred Qualifications
PhD in a quantitative field. Extensive knowledge of CCAR/DFAST and CECL concepts and frameworks. Proven ability to lead complex projects and supervise junior modeling analysts. Deep understanding of loss forecasting, loan origination, and portfolio management modeling concepts (PD, LGD, EAD). Exceptional analytical skills, strong communication, and proficiency in MS Office; solid grasp of economic concepts. Demonstrated passion and drive for operational excellence and quality delivery. Workplace Type
Office; Remote work arrangements may be available per business needs. Specific arrangements will be provided by the hiring team. Compensation
$93,000 – $189,000 annual base salary. Compensation may vary based on location, experience, and performance. Eligible for incentive compensation. Huntington provides benefits including health insurance, wellness programs, life and disability insurance, retirement savings, paid leave, holidays, and PTO. Equal Opportunity
Huntington is an Equal Opportunity Employer. Tobacco-Free Hiring Practice: Visit Huntington\'s Career Web Site for more details. Note to Agency Recruiters: Huntington will not pay a fee for unsolicited resumes. Recruiting agencies must have a valid Master Service Agreement and Statement of Work for consideration.
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at Huntington National Bank Overview
The Quantitative Risk Modeling Lead is responsible for overseeing the development, implementation, and monitoring of advanced quantitative models for consumer and commercial credit, PPNR, loan origination, and portfolio management. This role requires a deep understanding of statistical modeling, machine learning, and risk management frameworks, along with strong leadership and project management skills. Duties and Responsibilities
Model Development: Lead the creation and enhancement of complex quantitative models for credit risk, PPNR, loan origination, and portfolio management. Data Analysis: Oversee the analysis of credit portfolio performance data to identify trends, risks, and opportunities. Model Monitoring: Ensure ongoing monitoring and validation of existing models, including reporting and analysis of results. Advanced Model Building: Compile and process historical data, perform sophisticated data analysis using AI/ML tools, build and refine models using regression analysis and ML tools, and oversee implementation and production. Research: Drive research initiatives to explore new modeling methodologies and techniques, staying abreast of industry advancements. Collaboration: Coordinate with various teams to support governance, audit/compliance, and validation projects related to developed models. Leadership: Mentor and supervise junior modeling analysts, providing guidance and support to ensure high-quality model development and implementation through technical reviews. Project Management: Manage multiple projects simultaneously, ensuring timely delivery and adherence to deadlines. Performance Analysis: Conduct in-depth analysis of credit portfolio performance data, providing actionable insights to senior management. Ad-Hoc Analytics: Lead ad-hoc analytics projects to address specific business needs and challenges. Other Duties: Perform additional duties as assigned, contributing to the overall success of the risk modeling team. Basic Qualifications
Master's degree in a quantitative field (mathematics, statistics, economics, engineering, finance, physics). 5+ years of experience in statistical modeling using SQL, SAS, R, and Python. 5+ years of experience in machine learning and data mining. Preferred Qualifications
PhD in a quantitative field. Extensive knowledge of CCAR/DFAST and CECL concepts and frameworks. Proven ability to lead complex projects and supervise junior modeling analysts. Deep understanding of loss forecasting, loan origination, and portfolio management modeling concepts (PD, LGD, EAD). Exceptional analytical skills, strong communication, and proficiency in MS Office; solid grasp of economic concepts. Demonstrated passion and drive for operational excellence and quality delivery. Workplace Type
Office; Remote work arrangements may be available per business needs. Specific arrangements will be provided by the hiring team. Compensation
$93,000 – $189,000 annual base salary. Compensation may vary based on location, experience, and performance. Eligible for incentive compensation. Huntington provides benefits including health insurance, wellness programs, life and disability insurance, retirement savings, paid leave, holidays, and PTO. Equal Opportunity
Huntington is an Equal Opportunity Employer. Tobacco-Free Hiring Practice: Visit Huntington\'s Career Web Site for more details. Note to Agency Recruiters: Huntington will not pay a fee for unsolicited resumes. Recruiting agencies must have a valid Master Service Agreement and Statement of Work for consideration.
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