Full-Time

ERM Quantitative Analyst

Confirmed live in the last 24 hours

BECU

BECU

1,001-5,000 employees

Not-for-profit credit union offering banking services

Financial Services
Education

Compensation Overview

$104k - $126.9kAnnually

+ Performance-based incentives

Mid, Senior

Remote in USA + 1 more

More locations: Tukwila, WA, USA

Candidates must be residents of WA, OR, ID, AZ, TX, GA, or SC. Candidates in WA are required to come into the office on Tuesdays and Wednesdays if within a reasonable driving distance from Tukwila.

Category
Quantitative Analysis
Quantitative Research
Quantitative Finance
Required Skills
Python
SAS
R

You match the following BECU's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • 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.
Responsibilities
  • 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.

BECU is a not-for-profit credit union that provides a range of financial services to its members, including checking and savings accounts, loans, mortgages, and financial education. Members can access their accounts online or through a mobile app, allowing for convenient banking from anywhere. BECU differentiates itself from traditional banks by focusing on member benefits, such as lower fees and better interest rates, rather than profit. The organization aims to promote financial literacy and success among its members, offering educational resources and events to help individuals manage their finances effectively.

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Tukwila, Washington

Founded

1935

Simplify Jobs

Simplify's Take

What believers are saying

  • BECU's focus on financial education aligns with the growing trend among younger generations.
  • The rise in EV adoption presents opportunities for BECU's financing and partnership expansion.
  • Increased demand for ESG investments aligns with BECU's community-focused values.

What critics are saying

  • Competition from digital-only banks and fintechs could challenge BECU's service offerings.
  • Economic uncertainties and rising interest rates may impact loan demand and repayment rates.
  • Reduced branch foot traffic due to online banking preference could affect community engagement.

What makes BECU unique

  • BECU offers Boeing-inspired credit card designs exclusive to Boeing employees and retirees.
  • The credit union emphasizes financial education, closing for a day to teach students money management.
  • BECU partners with AARP to provide financial expertise through public events and seminars.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

401(k) Retirement Plan

Paid Vacation

Paid Holidays

Remote Work Options

Company News

425 Business
Oct 23rd, 2024
BECU Promotes Bryan MacDonald to Executive Vice President, Chief Impact Officer

BECU promotes Bryan MacDonald to executive vice president, chief impact officer.

BECU
Aug 21st, 2024
Test Drive an EV on Sept. 28

That's why BECU has partnered with The Washington State Auto Dealers Association, and local franchised dealerships to offer you an exclusive EV test drive opportunity at our next EV Test Drive Event!

BECU
May 26th, 2024
Discounted Tickets to the Spokane Indians

BECU has once again partnered with the Spokane Indians to help members save on summer fun at the ballpark.

GeekWire
May 10th, 2024
Photos: Inside The Geekwire Awards, With The Big Winners, Musical Numbers And Surprise Guests

Coverage of the GeekWire Awards , presented by Astound Business Solutions , the Pacific Northwest’s annual startup and tech awards.Pictory co-founders Vishal Chalana, left, and Abid Mohammed accept the Startup of the Year award. (GeekWire Photo / Kevin Lisota)It was a mix of robot trophies and blow-up dinosaurs at the GeekWire Awards on Thursday night in Seattle, as the prehistoric “Land Before Tech” theme gave way to our modern, rapidly evolving times.During a celebration of the best in Pacific Northwest tech, the community came together to pack the Showbox SoDo to network, eat and drink, pose for photos and cheer on the finalists and winners in a variety of categories.Robert “The Drunken Tenor” McPherson pulled another original song out of his operatic hat as he took us back to the days of dial-up internet, 8-track tapes and more.Ryan Devlin and Kim West from the Seattle band Smokey Brights helped get the party started, “Tomb Raider’s” Lara Croft made a surprise appearance, and New Zealand cricket legend Ross Taylor schooled us on the game that is taking the Seattle area by storm.The photo booth at the GeekWire Awards drew a crowd on Thursday night. (GeekWire Photo / Kevin Lisota)Big thanks to Astound Business Solutions, the presenting sponsor of the 2024 GeekWire Awards.Also, thanks to gold-level and category sponsors: Wilson Sonsini, JLL, Blink UX, BECU, Baird, First Tech, Baker Tilly, WTIA, Silicon Valley Bank, and T-Mobile. And thanks to silver level sponsors: Prime Team Partners, Meridian Capital, Submittable, and Cosmogence. And supporting sponsors: Choose Washington, ALLtech, Showbox SoDo, and Roanoke.Read about all the winners in our main awards story, and keep scrolling for a photographic recap of the event. And thanks again to everyone for attending!(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kurt Schlosser)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)(GeekWire Photo / Kevin Lisota)

GeekWire
May 10th, 2024
Geekwire Awards 2024 Revealed: Winners Bask In Momentum Of Ai And Potential Of Region

GeekWire co-founders Todd Bishop, left, and John Cook open the 2024 GeekWire Awards at Showbox SoDo in Seattle on Thursday. (GeekWire Photo / Kevin Lisota)After giving a nod to tech’s bygone era of gadgets and gimmicks, we celebrated the new entrepreneurs shaping the future of innovation in Seattle and the Pacific Northwest on Thursday night at the GeekWire Awards.The annual event, now in its 15th year, brought a sold-out crowd to Showbox SoDo in Seattle, where more than 60 finalists across a dozen categories competed for awards ranging from Startup of the Year to Next Tech Titan to Workplace of the Year, and more.Much like it has been for the past year, artificial intelligence was a recurring buzzword running through the evening, as evidenced by the number of finalists and winners seizing on the technology.“It’s an exciting moment and a transformational time in all our lifetimes because of the way generative AI has taken the industry by storm,” said Deal of the Year winner Madhan Subhas, co-founder of Seattle-area startup Rhythms.Rob McPherson sings his song about bygone tech onstage at the GeekWire Awards in Seattle on Thursday. (GeekWire Photo / Kevin Lisota)But long before AI, the innovation of yesteryear was just as celebrated and equally instrumental in getting us where we are today. The “Land Before Tech” theme of the night had a prehistoric feel with dinosaurs and table centerpieces made of outdated VHS tapes, Polaroid cameras and more. It was all punctuated by a performance by Robert “The Drunken Tenor” McPherson. With lyrics set to Billy Joel’s “We Didn’t Start the Fire,” performing in front of a rapid-fire video montage, McPherson touched on seemingly every gadget or gizmo that ever seemed cutting edge to the majority of the people in the room.We threw it in a fire