Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

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Job Description:

At Regions, the Risk Quantitative Model Validation Analyst serves as a member of a key strategic team that is responsible for performing independent model risk oversight activities, including model identification, determination, classification, inventory management, validation, review, issue remediation testing, reporting, and related activities. The associate will test data products, including models and analytical tools, in the areas of fraud monitoring, cybersecurity, credit scoring, marketing, BSA/AML/OFAC compliance, market risk, capital markets, operational risk, finance and accounting, loan pricing, deposit pricing, loan valuation, and economic capital. 

In Model Risk Management and Validation (MRMV), the Risk Quantitative Model Validation Analyst works with multiple teams of validation analysts, governance analysts, as well as automation specialists to validate highly complex quantitative models, including Artificial Intelligence (AI) and Machine Learning (ML) approaches. The ideal candidate has project management skills as well as depth of knowledge in data management, visualization, automation, quantitative modeling methods and programming skills.

Primary Responsibilities

Performs quantitative validation test work under guidance from validation manager and/or senior validation analyst and summarizes test results, conclusions, and issues in model validation reportWorks with large, structured, and unstructured datasetsUses quantitative and analytical techniques to validate models focused on accelerating profitable growth and customer engagement, unlocking value across all functional areas of businessCommunicates model issues and limitations to key stakeholders and represents Regions with regulators as neededUses Big Data tools (Hadoop, Spark, H2O, CDSW, etc.) to validate data analytics solutionsValidates Machine Learning and Artificial Intelligence modelsDemonstrates ability to continuously learn and provide value in a dynamic environmentDevelops, engages, and retains fellow MRMV associates as well as foster interest in MRMV among internal Regions associates even when MRMV does not have a posting

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

Requirements

Bachelor’s degree and six (6) years of experience in a quantitative/analytical/STEM fieldOR Master’s degree and four (4) years of experience in a quantitative/analytical/STEM fieldOR Ph.D. and two (2) years of experience in a quantitative/analytical/STEM fieldTwo (2) years of working experience in Machine Learning, Deep Learning, or Artificial IntelligenceTwo (2) years of working programming experience in Python, R, Matlab, SAS or JavaOne (1) years of working experience in Big Data Technology in Hadoop, Hive, Impala, Spark, or Kafka

Preferences

PhDBackground in banking and/or other financial servicesExperience in Agile Software DevelopmentChartered Financial Analyst (CFA), Financial Risk Manager (FRM), or other relevant certifications

Skills and Competencies

A control-focused mind-set with strong process improvement capabilities A proven track record of working in teams and of leading projectsAbility to manage multiple tasks and work effectively under pressure in a rapidly changing environmentAdvanced Structure Query Language (SQL) skills Attention to detail, initiative, and ability to work under tight deadlinesComfortable with both relational databases and Hadoop-based data mining frameworksCurrent knowledge of financial regulationsExcellent written and oral communication skills, especially clearly explaining quantitative concepts to non-quantitative audiencesExpertise in analyzing large, complex, multi-dimensional datasets using a variety of tools like Python or R. Motivated, organized, and team-oriented Proficient in visualization tools like Power Business Intelligencer (BI)Strong business acumen with the ability to communicate with both business and Information Technology (IT) leadersUnderstanding of statistical and predictive modeling concepts, machine learning approaches, clustering and classification techniques, and recommendation and optimization algorithms

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

$93,683.60 USD

Median:

$127,410.00 USD

Incentive Pay Plans:

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

Paid Vacation/Sick Time401K with Company MatchMedical, Dental and Vision BenefitsDisability BenefitsHealth Savings AccountFlexible Spending AccountLife InsuranceParental LeaveEmployee Assistance ProgramAssociate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.

https://www.regions.com/welcometour/benefits.rf

Location DetailsRegions Center

Location:Birmingham, Alabama

Bring Your Whole Self to Work  

   

We have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work and thrive is the right thing to do.

   

OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.