Model Development Analyst, 1

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Job Summary

The Model Development Analyst 1 is responsible for generating data-driven insights into all modeling needs of the Banks and the practical results of models. This role’s focus is to help the Banks understand their risk profiles along with risk management processes that are needed in support of those risk profiles. Besides capital modeling, the Model Development Analyst 1 takes ownership of stress testing in other areas, including the stress testing required by the Dodd-Frank Act Stress Tests (DFAST), liquidity stress testing, and other. This position is also responsible for models such as Current Expected Credit Loss (CECL), Pricing, etc. In addition, this Analyst is responsible for analyzing the effects of policy and strategy changes on outcomes. Some of this analysis entails the building of models while some will require other analytical skills.

 

Essential Job Functions:

Analytics - Work with the team leader to establish portfolio-level financial analyses to understand emerging trends, size financial impacts, and answer key leadership questions. Conduct data integrity checks and applicable data pre-processing such as treatment of missing values and outliers. Conduct exploratory data analysis for preliminary data insights to drive the selection of modeling approach that best addresses the business problem. Assist in building predictive models using statistical methodologies like decision trees, regression modeling, and clustering. Utilize knowledge of macro-economic variables and macro-economic scenarios for economic capital prediction and stress testing. Create standard operating procedures and documentation for key processes.

Business Relationships - Summarize results into key insights that are easy to understand and prove useful and present key findings and recommended solutions to internal and external business partners. Provide recommendations regarding how to use data science and models to drive critical business decisions. Translate partners’ business needs into analytics projects and quickly estimate potential benefit. Demonstrate knowledge of the business, such as drivers of profitability, system capabilities, and company goals. 

Collaboration - Under supervision and guidance, translate analytical results into useful recommendations for review with manager. Demonstrate strong verbal and written communication skills when working with internal partners and when presenting results to various audiences. Work across the finance organization with other data scientists to coordinate standardizing definitions / calculations, sharing of best practices, development of foundational knowledge of credit card operations, banking, financial, loyalty rewards, retail, and credit card regulations while working with the business. Collaborate with other data scientists in the company to share best practices and data science innovations.

Data Science Innovation – With direction from leader, research industry trends in data science of new tools, emerging algorithms, advanced platforms, and alternative data to enhance modeling effectiveness and efficiency. Conduct use case testing for new tools/techniques/platforms/data and provide user input/feedback.

Reports To: Lead or above 

Direct Reports: None

Working Conditions/Physical Requirements:

• Normal Office Environment. Hybrid role, work in corporate office as required.

Minimum Qualifications:

• Bachelor’s degree in Finance, Statistics, Econometrics, Quantitative Analysis, Economics or related field of study.

Preferred Qualifications:

• Master’s degree in Finance, Statistics, Econometrics, Quantitative Analysis, Economics or related field of study.

• Certified or pursuing CFA, FRM, or equivalent certifications.

• 1+ years of relevant experience in Model risk, data analytics or financial reporting.

• Experience with Python, SQL, or SAS.

Knowledge, Skills and Abilities:

• Stress testing

• Verbal and written communication skills

• Collaboration

Other Duties

This job description is illustrative of the types of duties typically performed by this job. It is not intended to be an exhaustive listing of each and every essential function of the job. Because job content may change from time to time, the Company reserves the right to add and/or delete essential functions from this job at any time.

About Bread Financial  

At Bread Financial, you’ll have the opportunity to grow your career, give back to your community, and be part of our award-winning culture. We’ve been consistently recognized as a best place to work nationally and in many markets and we’re proud to promote an environment where you feel appreciated, accepted, valued, and fulfilled—both personally and professionally. Bread Financial supports the overall wellness of our associates with a diverse suite of benefits and offers boundless opportunities for career development and non-traditional career progression.

Bread Financial® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers. 

To learn more about Bread Financial, our global associates and our sustainability commitments, visit breadfinancial.com or follow us on Instagram and LinkedIn. 

• All job offers are contingent upon successful completion of credit and background checks.

• Bread Financial is an Equal Opportunity Employer.

Job Family:

Enterprise Risk

Job Type:

Regular