If you're looking for a meaningful career, you'll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster's values, these set us apart as a bank and as an employer.
Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!
Data Scientist (Sr. Quantitative Analyst)
The Data Scientist role resides within FP&A supporting the CFO and senior leadership in fulfilling their oversight roles by independently assessing the Bank's performance and opportunity vs risk profile. The FP&A team leads the Bank's review and forecast of financial performance, reserving, stress-testing, annual budgeting process, operating plan variance analysis, profitability analysis, new business opportunities and special projects. Within FP&A, the Finance Analytics Solutions Team (FAST) designs, develops runs, maintains, and manages all analytical aspects of reserving, stress-testing & underwriting models.
Position Summary
The Data Scientist role involves gathering and understanding business requirements, model purpose and use; applying sophisticated statistical analysis to large data sets to satisfy business requirements; designing coding and maintaining new and existing models; anticipating and resolving challenges to model design & use; participating in model documentation and validation; and clearly communicating results. The scope of the role includes internally developed consumer and commercial credit models used for CECL/loss-reserving, stress-testing, and underwriting. The primary job function is to collaborate with Finance, Risk, Credit, Treasury, IT and LoB partners in developing source code implementing predictive analytical models to forecast losses & profitability, inform credit decisions and increase revenue.
Primary Responsibilities
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