Financial Quant Modlr Ld

Westbury, NY, United States - Corporate/Back-Office - Posted Mar 9, 2020
Requisition Number: 2000006R

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A Lead Financial Quantitative Modeler provides highly complex financial management and measurement services in the areas of interest rate risk, market risk, liquidity risk and model risk. Develops and maintains highly complex models to quantify projected financial outcomes for deposit balances & rates and the related projected income statement impact. Supports the maintenance of third party loan prepayment models.


Develops and maintain quantitative models and performs complex economic stress testing for deposit balances and pay rates. This includes incorporating non-linearity in deposit rate betas, investigate and document lag assumptions, identify surge balances and include in model assumptions. Incorporate competitive pressures in rate sensitivities for projected deposit balances. Works with the department members to incorporate the model results in the Bank's asset liability modeling system (Empyrean). Responsible for ensuring models are in compliance with the Bank's model governance policy which includes, but not limited to the following: Maintain and update the Model Development Document (*MDD*) for each model, Complete and submit on going performance monitoring (*OPM*) to the Model Risk Management (*MRM*) department, and Complete and submit model change request forms and model overlays as needed to the MRM department. Develop methodologies and assumptions to produce highly correlated results from historical data applied to projected deposit balances. Conducts financial, econometric and statistical analysis of data. Manages large and/or complex data sets using statistical tools and database technologies. Critically reviews financial regulations and develops quantitative methods that meet regulatory requirements. Performs back-testing, sensitivity testing, stress testing, and reverse stress testing of models. Identifies and critically evaluates internal deposit data elements and external market data for use in models. Works with staff in the business units to gain an understanding of business issues and to reflect that understanding in the risk models and methods. Presents results of findings to senior management. Documents business requirements and ensures methodologies are accurately implemented in production systems. Conducts ad hoc assignments in areas such as market risk, and liquidity risk. Performs special projects and additional duties and responsibilities as required. Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.


Bachelor's degree in Finance, Economics, Statistics, Mathematics or other advanced quantitative field. Master's or Ph.D. preferred. Minimum of six years of relevant work experience in finance related field, including at least two years of experience in a financial institution conducting complex quantitative modeling and validation.


Advanced knowledge of finance and capital markets. Advanced knowledge of statistical or analytical modeling language such as SAS, Matlab, R, or S+. In-depth understanding of multivariate statistics. Proficiency using large and complex data sets. Computer literate with expert proficiency in internet navigation, word processing, spreadsheet and database applications. Excellent knowledge of quantitative risk management methodologies including VaR and stress testing. Strong written and verbal communication skills. Good project management skills and a demonstrated ability to manage complex projects.


Based in Westbury, NY, New York Community Bancorp, Inc. is the parent of a New York State-chartered bank - New York Community Bank. At September 30, 2019, the Company had assets of $52.5 billion, deposits of $31.6 billion, and stockholders' equity of $6.7 billion.

Our bank subsidiary features a divisional structure. New York Community Bank serves customers through 239 branches encompassing eight divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona. With a longstanding reputation of strength, stability and service, NYCB is proud to be committed to the communities it serves.

Branch Out and help recruit top talent for NYCB through the employee referral program. All NYCB employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around be sure to let them know how they can become a part of the NYCB family.

NYCB is an equal opportunity employer that prohibits discrimination in hiring or terms and conditions of employment on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information or any other classification protected by the federal, state, and local laws and ordinances.

This policy is applicable to all terms and conditions of employment including, but not limited to: recruitment and selection, promotion and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. When necessary, NYCB will reasonably accommodate employees and applicants with disabilities or with religious requirements necessitating accommodation.{ {In addition, NYCB complies with all applicable laws which govern nondiscrimination in employment in every location in which NYCB does business.

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