Quantitative Analyst I Job at Fifth Third Bank
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We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
GENERAL FUNCTION: The Quantitative Analyst I is responsible for routine operational or tactical quant work. Day to day actions are focused on administering defined procedures, analyses and report preparation. Individual will have their work thoroughly reviewed and checked by more senior incumbents and will have limited contact outside their immediate area. Roles at this level are often filled by recent University / College graduates with little or no professional experience, but with relevant skills. This level includes individuals joining the firm on a University / College graduate training program.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Identify risk factors and trends of potentially fraudulent activity utilizing quantitative data analytics and/or statistical methods.
- Utilize analytics to develop and implement comprehensive fraud detection strategies that balance fraud loss, cost of execution, and customer experience.
- Responsible for maintaining and tuning existing risk tools and mitigation rules.
- Responsible for designing and maintaining new reporting to monitor trending of various fraud and key performance indicators.
- Responsible for data analysis including ability to extract, develop, and manipulate data to generate standardized reporting, metrics, and analysis.
- Manage multiple projects to enhance and optimize fraud strategy systems, tools, and reporting.
- Maintain cutting-edge techniques for identifying and mitigating emerging risks.
- Assumes additional responsibilities as assigned.
- Perform ad-hoc analysis as potential risks are identified.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
- Bachelor's college degree (Master’s degree preferred) in quantitative analytics, economics, statistics, engineering, or a related area (STEM background)
- Relevant internship and/ or co-op program experience preferred.
- Must have experience with SAS, R, MATLAB, or Python.
- Familiarity with Tableau or interactive data visualization software a plus.
- Must have experience with Microsoft office products, such as Word, Excel, PowerPoint and Outlook.
- Strong verbal and written communication skills.
- Ability to work in a group environment.
- Ability to present a professional image.
- Ability to multi-task and to be flexible.
- Ability to demonstrate initiative.
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Quantitative Analyst I
LOCATION - Cincinnati, Ohio 45227
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
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