Analyst, Financial Modeling at Wintrust Financial Corporation in Rosemont, Illinois

Job Description:

Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented colleagues who put our customers first and achieve better results for our clients.

Why join us?

• An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 10 years) and Employee Recommended award by the Globe & Mail (past 6 years)


• Competitive pay and discretionary or incentive bonus eligible


• Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few


• Family-friendly work hours


• With 175+ community bank locations, we offer opportunities to grow and develop in your career


• Promote from within culture

Why join this team?

• We have a culture that encourages an entrepreneurial spirit


• We offer multiple opportunities for development and upward mobility

Job Description Summary

This position will report to SVP, Financial Modeling and is accountable for development, maintenance and enhancement of quantitative/analytic models and applications in support of the firm's risk management effort. This role focuses on the development and enhancement of LOB (Line of Business) financial models including Current Expected Credit Loss (CECL), Capital Stress Testing, loan & deposit valuations, MSR, and other ad-hoc models as well as data analytics supporting various functions within the bank. This includes ensuring the completeness and accuracy of data utilized in the model development and implementation process.

What You’ll Do

• Partner with various internal groups including Allowance for Credit losses, Capital, Risk, Technology and Model Risk Management to provide model transparency and enhancing analytics capability


• Provide developmental evidence on statistical assumptions of risk in modeling methodology


• Work with team members on defining model enhancements/changes, performing testing and scenarios analysis, and conduct ongoing review and analysis


• Develop quantitative/econometrics models and applications in support of market risk assessment and regulatory capital requirements


• Present quantitative results clearly and concisely and display a capability to discuss statistical and quantitative concepts coherently


• Develop and document model monitoring plan, monitor statistical model performance


• Perform various ad hoc reporting and analysis for senior management

Knowledge/Skills/Background/Experience

• 1-3 yrs years of relevant job experience in model design, development, documentation, and model risk compliance aspects of quantitative/statistical models



• Solid programming experience with Python, R, and SQL




• Experience with linear, GLM, logistic regressions, predictive modeling, time series analysis, and forecasting




• Graduate Degree in Economics, Quantitative Finance, Mathematics, Statistics, Data Science, or a relevant quantitative field with background in statistics is a prerequisite (e.g., applied mathematics, statistics, econometrics, operations research, or physics)

Benefits

Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance

From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago’s Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.