Quantitative Analyst - Military veterans preferred

Job Type

Full Time Regular Job Opportunity

General Description

Popular is seeking a highly skilled professional with a strong quantitative background and legal expertise to join our Model Risk Management team. This hybrid role blends statistical modeling and data analysis with a deep understanding of federal and local regulatory frameworks. The ideal candidate will be capable of translating complex mathematical concepts into accessible language for non-technical audiences and drafting comprehensive model risk management reports with legal and regulatory components.

Essential Duties and Responsibilities

• Validates, tests, documents, implements, and/or oversees usage of quantitative/statistical and AML models. The statistical models are utilized in forecasting of the bank’s deposit, revenues, stress scenario and allowances. BSA/AML models cover Anti Money Laundering, Sanction Screening, Know Your Customer (KYC), Client Due Diligence (CDD), and other forms of financial crimes monitoring.
• Draft detailed technical and regulatory reports on model risk, ensuring compliance with frameworks such as SR 11-7, OCC 2011-12, and local banking regulations, including but not limited to presentations, written reports, model or reporting code documentation, business requirements, monitoring reports, and procedures.
• Provide effective challenge on the conceptual and technical soundness of the models’ design, theory, and framework through various testing methods following guidelines based on SR 11-7.
• Interact with stakeholders such as model developers, model sponsors, model users, and production, to support model risk management related activities.
• Translate complex quantitative findings into clear, actionable insights for regulatory, compliance and executive stakeholders.
• Actively participate in reviewing model documentation and validation reports, incorporating legal and governance considerations.
• Work optimally as a team member with other quantitative analysts at Popular, as well with external consultants.
• Stay current with evolving regulatory requirements and trends in model risk management.
• Assess model performance monitoring processes and conduct model annual periodic reviews.

Experience

• At least 2 years of experience in regulatory compliance, legal risk management, or quantitative analysis is desirable.
• Familiarity with U.S. federal and local banking regulations (including FDIC, OCC, FRB, OCIF, among others), as well as BSA, AML, OFAC, and fraud-related requirements, is considered

Other Qualifications

• Excellent problem solving and decision-making skills.
• Ability to work with multiple tasks simultaneously, establish priorities, and meet deadlines.
• Strong interpersonal and collaboration skills.
• Ability to negotiate effectively.
• Excellent written and verbal communication skills in English and Spanish.
• Proven experience drafting extensive regulatory or legal reports.
• Computer and technological skills: Proficiency in the Microsoft suite of products (i.e., PowerPoint, Excel, Power BI, Word, etc.)
• Candidates should possess strong scientific and technical documentation and presentation abilities, effective assertiveness and influencing skills, as well as the capability to communicate theoretical concepts clearly to non-expert audiences using accessible language.

Region Locations

San Juan, Puerto Rico

Values