ERM Quantitative Analyst

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 $104,000.00-$126,900.00 annually. The full Pay Range is $80,800.00 - $150,200.00 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.

To join our dynamic team, we require candidates to be residents of WA, OR, ID, AZ, TX, GA, or SC. If you’re located in Washington state and within a reasonable driving distance from Tukwila, we are requesting that you come into our HQ on Tuesdays & Wednesdays.  For those candidates that live outside the commute distance of TFC and in any of our approved remote work locations, this role will be remote. Remote or onsite, we are committed to ensuring you are fully engaged and included in our collaborative environment. 

IMPACT YOU’LL MAKE:

At BECU, your expertise in quantitative analysis will play a crucial role in shaping our Enterprise Risk Management (ERM) strategies. You'll drive meaningful insights into model validation, counterparty credit, and market risk—ensuring we remain ahead in financial risk management. Your analytical skills and innovative mindset will empower our organization to navigate risk intelligently while maintaining a culture of continuous improvement. Your work will influence key financial decisions, optimize risk models, and enhance the transparency of risk reporting. Join us in safeguarding BECU’s financial integrity while fostering your own professional growth in a dynamic, data-driven environment.

WHAT YOU’LL DO:

• Ensure Compliance & Integrity: Uphold BECU’s competencies, compliance standards, regulatory requirements, and information protection protocols in every aspect of your work.

• Validate Statistical Models: Conduct independent validations of quantitative models following regulatory guidelines OCC 2011-12 and Federal Reserve SR 11-7, applying advanced statistical and econometric techniques.

• Enhance Data Quality & Analysis: Assess and analyze data quality, ensuring accurate, reliable data is available for ERM and model owners to support analytical and modeling purposes.

• Maintain Model Inventory & Performance Tracking: Oversee the firmwide model inventory, ensuring processes for model maintenance, validation, and performance tracking are efficient and effective.

• Apply Quantitative Techniques: Utilize mathematical and statistical methods to support counterparty credit risk, market risk analytics, and Treasury activities, including interest rate and liquidity risk management. Assist in building an economic capital framework.

• Support Risk Modeling: Use advanced risk modeling techniques to assess securities, deposits, loans, and derivatives, leveraging cash flow engine tools such as PolyPaths and prepayment models.

• Stay Ahead of Financial Product Risks: Continuously research and gain expertise on BECU’s financial products, investment strategies, asset liability management, and fixed-income hedging tools to assess and mitigate associated risks.

• Develop Challenger Models: Create independent benchmarking models to challenge and validate existing and proposed risk models, ensuring optimal decision-making.

• Automate & Optimize Risk Monitoring: Build automated risk reporting tools to enhance real-time risk monitoring, enabling proactive decision-making for senior management.

This isn’t just about ticking off tasks on a list. It's about making a significant, positive change in BECU’s journey, where your contributions are valued, and your growth is continually fostered.
 

WHAT YOU’LL GAIN:

By stepping into this role, you'll be at the forefront of financial risk management, benefiting from:

• A Data-Driven Career Path: Expand your expertise in quantitative analytics, financial modeling, and risk management in a collaborative and forward-thinking environment.

• Opportunities for Innovation: Work with cutting-edge risk assessment tools and methodologies, allowing you to shape the future of risk analytics at BECU.

• A Growth-Focused Culture: Engage in mentorship, professional development programs, and continuous learning opportunities to refine your technical and leadership skills.

• Impactful Decision-Making: Your insights will directly contribute to strategic financial decisions, influencing the way BECU manages risk and drives financial sustainability.

• A Supportive Team: Collaborate with experts in risk management, treasury, and data science who are passionate about financial stability and innovation.

QUALIFICATIONS

• Master’s degree in Mathematics, Applied Mathematics, Statistics, Financial Engineering, Economics, Quantitative Finance, or closely related fields required.

• Knowledge in mathematical and statistical analysis tools, such as SAS, R, or Python.

JOIN THE JOURNEY

Ready to make an indelible impact? Eager to be part of a collaborative and innovative team where your ideas and contributions don’t just fill a role but fuel the growth and success of BECU? This is more than a job – it’s a chance to elevate your career, skills, and future, all while contributing to the robust operational landscape of BECU.

Embrace the opportunity to grow with us. Apply now, bring your expertise to the table, and let’s achieve excellence together at BECU. Your journey of influence, innovation, and impactful contribution starts now. #BECU #YourGrowth #BECUJourney

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.