Statistical Modeling Analyst at BECU

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Statistical Modeling Analyst at BECU. Location Information: Remote, WA, United States. . Is it surprising to hear that a financial institution of 1.5 million members and over $30 billion in managed assets say that success comes from focusing on people, not profits?. Our “people helping people” philosophy has guided us since 1935, driving our deep commitment to serving our members, communities, and each other. When you join our team, you become part of a purpose-driven organization where your work makes a real difference.. While we’re proud of our history, we’re even more excited about our future. With business and technology transformation on the horizon, there’s never been a better time to be part of BECU.. PAY RANGE. The Target Pay Range for this position is $85,800.00-$104,800.00 annually. The full Pay Range is $66,600.00 - $124,300.00 annually. At BECU, compensation decisions are determined using factors such as relevant job-related skills, experience, and education or training. Should an offer for employment be made, we will consider individual qualifications. In addition to your . salary. , compensation incentives are available for the hired applicant. Incentives are performance based and targets vary by role.. BENEFITS. Employees and their eligible family members have access to a wide array of employee benefits, such as medical, dental, vision and life insurance coverage. Employees have access to disability and AD&D insurance. We also offer health care and dependent care flexible spending accounts, as well as health savings accounts, to eligible employees. Employees are able to enroll in our company’s 401k plan and employer-funded retirement plan. Newly hired employees accrue 6.16 hours of paid time off (PTO) on a per pay period basis based on hours worked (up to a maximum of 160 PTO hours per year) and receive ten paid holidays throughout the calendar year. Additional details regarding BECU Benefits can be found . here. .. SUMMARY. The Statistical Modeling Analyst is responsible for assisting with the development, management and implementation of statistical modeling used by the credit union for loan or deposit originations, account management, collections, loan loss forecasting, capital plans or stress testing. . RESPONSIBILITIES . Assist development, re-development and calibration of statistical models using statistical analytical packages; including but not limited to: Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models for credit decisions, loss forecasting, stress testing, CECL reserving, and economic capital use cases. Support documentation and execution of statistical models under the direction of senior level peers and leadership.. Support enhancements to existing suite of statistical models to improve accuracy, partnering with senior level peers and leadership. Research statistical methods and apply enhancements to existing suite of models to improve accuracy.. Gather and evaluate data for reliability and usability and research and apply data treatment methods. . Assist in development/understanding of vendor models to ensure accuracy and relevancy.. Support enhancement of statistical model production and implementation processes.. Support statistical model monitoring and performance testing.. Support data requests and systems testing processes, working with more senior level peers as needed.. Participate in team meetings related to statistical model development.. Maintain thorough knowledge relating to loan portfolio and statistical modeling trends and composition. Assist with analyzing and presenting modeling outputs to stakeholders.. Assist in the development of statistical modeling strategies by using data warehouse information and modeling results.. Maintain statistical modeling, change control, and validation documentation as needed. . Perform other duties as assigned.. QUALIFICATIONS. Master’s degree or foreign equivalent in a quantitative discipline such as statistics, math, finance, or economics required. . Sound knowledge of statistical modeling concepts including logistic regression, survival analysis, Markov chain analysis and time series required.. Knowledge of artificial intelligence (AI) and machine learning (ML) tools required.. Knowledge of three or more of the following statistical analytical packages required: SAS, Python, SQL and R.. Experience in verbal and written communication of complex statistical insights preferred.. Experience with loss forecasting, default management and credit risk modeling, reporting and analytics preferred.. Experience with Basel Regulatory framework, Comprehensive Capital Analysis Review (CCAR), Dodd-Frank Act Stress Testing (DFAST) preferred.. EEO Statement:. BECU is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability, sexual orientation, gender identity, or any other protected status.. .