Quantitative Risk Analyst

Description/Job Summary

Join a team focused on the success of our customers, the success of our communities, and the success of each other. Farm Credit East (FCE) is the leading provider of loans and farm advisory services to farm, forest product, fishing, and other agricultural business owners across the northeast with $14 billion in total loan volume and $29 million in annual financial services revenue from 18,000 customers across our 8-state territory. We are One Team Working Together with a focus on our five pillars: Outstanding Customer and Employee Experience, Quality Growth, Operational Excellence, Commitment to our Communities, and Protecting Customer Information.

The Quantitative Risk Analyst, you will be a key contributor to Farm Credit East's risk modeling, forecasting, and decision modeling efforts. The successful candidate will utilize quantitative and qualitative modeling techniques, statistical analyses, and various analytics tools to provide actionable information to aid in decision making.

The value drivers for this role are as follows:

• Strategic Modeling: Develop and maintain robust risk models and forecasts that inform decisions by the Executive Leadership Team and Board.
• Data-Driven Growth: Partner with business lines to leverage analytics for growth, profitability, and operational excellence.
• Innovation: Champion the responsible adoption of AI and machine learning in risk management and analytics processes.

Come join a collaborative, customer-focused team at Farm Credit East!

Duties and Responsibilities:

Modeling and Forecasting

• Develop, document, and deploy quantitative models for credit risk and capital management (CECL, stress testing, economic capital) and automated credit decision models.
• Communicate complex modeling concepts clearly to technical and non-technical audiences.
• Work across business lines to develop and execute analytics use cases that will drive operational excellence, generate growth opportunities, and/or enhance the customer and employee experience.

Cross-functional Collaboration

• Partner with risk, finance, and business operations to align modeling initiatives with strategic goals.
• Collaborate with business units to identify analytics use cases and opportunities for applying quantitative modeling techniques to address business challenges and opportunities.
• Work with the data team to ensure governance and data quality and to build data pipelines for production models.

Model Development Lifecycle

• Document model development and testing in accordance with Model Risk Management guidelines.
• Represent model development during internal and/or external model validations and audits.
• Oversee the implementation and monitoring of models in production environments.
• Develop and implement sound change controls around production models and develop appropriate model monitoring metrics.

Job Qualifications and Requirements:

• Bachelor's degree in quantitative field such as Mathematics, Statistics, Economics, Finance, or related discipline. Advanced degree (Master’s or PhD), while not required, will be looked upon favorably.
• 3+ years of experience in quantitative modeling, risk analytics, or data science, with a strong background in credit risk modeling, CECL, and stress testing.
• Proficiency in R, Python, or SAS; experience with AI/ML techniques.
• Strong communication skills to translate complex concepts for diverse audiences.
• Ability to influence stakeholders and drive cross-functional collaboration.
• We offer hybrid work options after two weeks of employment with Farm Credit East. Hybrid work options are determined based on job role and balancing the needs of the customers, the team, and individual work performance. This will be reviewed based on manager discretion.

Compensation and Benefits:

• Salary Range: $75,000 to $125,000 commensurate with experience
• Short-Term Incentive to reward business results
• Retirement Contributions :
  • 401k match up to 6% of salary; or for those unable to take full advantage of the 401(k) match, verified student loan payments may qualify for an employer match in your 401(k) up to 6% of salary
  • Defined Contribution retirement plan funded at 2-9% of salary depending on years of service
• Time Off:
  • 15-25 days of vacation leave per year, depending on years of service
  • 12 days of holiday leave per year
  • 7.5 days of sick leave in your first year, followed by 12 days of sick leave per year thereafter; unlimited rollover of unused sick leave year to year
  • Paid Parental Leave: Up to 80 hours of paid leave for birthing, non-birthing, and adoptive parents
  • Family Care Leave: Additional leave options available under FMLA and company policy
• Health and Insurance:
  • Comprehensive medical, dental, and vision plans, including preventive care and wellness programs to support your overall health and well-being
  • Health Savings Account
  • Life insurance at 2x base pay
  • Accidental Death and Dismemberment insurance at 2x base pay
  • Long-term disability insurance at 2/3 base pay
• Additional Benefits:
  • Tuition reimbursement
  • Continuing education and training
  • Employee Assistance Program offering a wide variety of tools and resources
• Benefits Eligibility:
  • Eligibility Begins: First of the month following your hire date
  • Eligible Employees: Full-time employees working 30+ hours per week; Part-Time employees working 20+ hours per week.

Farm Credit East is an Equal Opportunity Employer. As an Equal Opportunity Employer, we do not discriminate on the basis of race, color, religion, national origin, sex, sexual orientation, gender identity or expression, age, marital status, parental status, political affiliation, disability status, protected veteran status, genetic information or any other status protected by federal, state or local law. It is our goal to make employment decisions that further the principle of equal employment opportunity by utilizing objective standards based upon an individual's qualifications for a specific job opening. In compliance with the Americans with Disabilities Act (“ADA”), if you have a disability and would like a reasonable accommodation in order to apply for a position with Farm Credit East, please call 1-800-562-2235 or e-mail FarmCreditCareers@farmcrediteast.com.