Quantitative Strategies Analyst

Description

We Are

Cross River is a highly profitable, fast-growing financial technology company powering the future of financial services. Our comprehensive suite of innovative and scalable embedded payments, cards, and lending products deliver financial services for millions of businesses and consumers around the globe. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies. Together with its partners, Cross River is reshaping global finance and financial inclusion.

We are on a mission to build the infrastructure that propels access, inclusion, and the democratization of financial services. While our company has tripled in size over the last three years, our strong sense of purpose led Cross River to be named to American Banker’s list of Best Places to Work in Fintech for the last 6 years. The reason for this success is simple – our nimble and collaborative family culture lives in every member of our growing team. Together we are at the forefront of technology and innovation, and we invite passionate, collaborative, and motivated high performers to join our expanding team.

You are

We’re looking for an organized and self-driven individual to join our Quantitative Strategies Group (QSG) as an Analyst. The Quantitative Strategies Group is responsible for researching and developing cutting edge mathematical models to enable the fintech capital markets and strategic direct lending businesses.

You will

• As a key member of the Business Risk unit within QSG, you will work on risk model/tool development and management. Help the lead of the unit in second and third line liaisons, working closely with model owners to ensure model compliance.
• Under the leadership and mentorship of the lead of the unit, carryout light modeling activities including but not limited to model enhancements, error corrections, what-if analysis and outcome attributions. Author high quality model documentation, execute model monitoring plans and build solutions for identified model issues remediation.
• Participate in all model production runs necessary for regulatory, capital management and business processes. Take complete ownership of the assigned procedure, build presentation artifacts, ad-hoc analytics and conduct deep dives.
• Maintain model inventory and calendar for different activities like validation, model production for various usages, Q&A with second and third line etc.
• Participate in validation discussions with MRM including iterating on validation findings and proposed resolutions. Assist unit lead for off second and third line as well as external regulatory exams.
  
  

• Strong quantitative & analytical skills: The role requires a strong quantitative background (PhD /Master Degree or equivalent) in Statistics, Mathematics, Operations Research, Physics, or a quantitative science
• Minimum 4+ years prior experience in an Analytics function, Model Development or Model Validation. Experience with Credit risk models and experience in model validation is preferable. Past experience working in a Model Risk Management function or a Model Risk Oversight function is a definite plus. Understanding of capital markets, securitizations, consumer credit products a plus.
• Strong communication skills: Verbal and Written (English), as well as excellent negotiation and diplomacy skills required. Risk and control mindset: Ask incisive questions, assess materiality of issues and escalate as required.
• Broad knowledge of relevant Modeling frameworks and standards. Sound project management /organizational skills: flexible, adaptable to shifting priorities to achieve the most effective result and able to work in a fast-paced environment is required.