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Statistical Modeler I job

Sallie MaeBrookside, DE
Sallie Mae jobs

Company

Salary

Skills

Benefits

Company Description

Sallie Mae is a company created with great purpose. We provide loans. But what separates us from any other financial institution is that we have a why. We have a purpose. We make the dream of higher education a reality. We do it by being a resource for families who want to save, plan, and pay for college. Our vision, to be a trusted financial partner, inspires us to explore new ways to serve our customers every day. No matter what position you hold at Sallie Mae, you'll have a role in moving us toward that vision.

Over the last 40 years, Sallie Mae has helped more than 34 million Americans pay for college. The same passion we have for helping customers is applied to helping our employees achieve professional and personal growth. With a wide range of opportunities available, we invite you to join our growing team and help students make their dreams of higher education a reality.

Job Description

Statistical Modeler I

Newark - Continental, DE

Who we are:

Sallie Mae is proud to help Americans aspiring to create the life they wantwhether that means helping them make college happen, or something more. Our colleagues across departments and across the country are united in our passion and our customer-first approach. Whether you want to join a growing company, be part of an agile workforce, or gain new skillsyoure in the right place.

What Youll Contribute:

This position requires in depth knowledge of advanced statistical,

mathematical, risk, and behavior modeling theories and techniques and

coding languages such as SAS, SQL, R, or Python. Responsibilities will

include model development, design, testing, implementation, validation and

other ad-hoc analytics in the company core modeling space. The successful

candidate should have sound statistical understanding and solid

quantitative training in the statistics and econometrics related fields.

The candidate should have quantitative modeling experience in academic or

industry previously, such as but not limited to linear regression, logistic

regression, time series, survival analysis, cluster analysis. The candidate

will be expected to build robust statistical models end-to-end in

accordance with industry standard practice and company policy within the

internal and external regulatory compliance framework. All aspects of model

development will be expected such as: pulling development data, model

design, model back testing, model documentation and model validation.

Candidate will be expected present and explain model results and business

insights and recommendations to senior management. A good team-player and

communicator to be able to collaborate effectively and efficiently.

What You'll Do:

75% - Model Development and Documentation

  • Develop statistical models for application in credit, response,behavior, and collection areas using techniques such as OLS, LogisticRegression, Decision Tree, Cluster Models, time series, etc.

  • Document model in accordance with Model Risk Management Policies andProcedures

  • Work with internal and external parties to have model validated andapproved by the Model Risk management committee

  • Present model results to senior management and appropriate committees

  • Perform on-going model monitoring and model testing and update thedeveloped model as required

15% - Model Validation

  • Perform model validations for other internally built models

  • Write up detailed validation reports which show the effective challengeof model design and theory used

  • Present findings of validations to senior management

10% - Ad Hoc Analysis

  • Respond to requests for data and analytics needed by senior managementteam

  • Develop presentations and analysis for the support of operationalchanges, board of director updates and external groups

  • Analyze portfolio performance

Required Qualifications:

What Youll Bring:

  • Bachelors degree in a quantitative field such as statistics,mathematics, economics, physics, chemistry, computer science,engineering required

  • 2-3 years of financial services environment working experiences withfocusing on data manipulation and data analysis using SQL, SAS, R orcomparable coding language

  • In depth knowledge of statistical models and data mining technique

  • Excellent verbal, written and presentation communication skills

  • Strong oral and written communication skills required to effectivelyand concisely present key findings to senior management

  • Strong working knowledge in presenting quantitative data viaPowerPoint, Excel, Word, etc

  • Demonstrated ability to effectively manage multiple priorities in afast-paced, time sensitive environment

  • Solid knowledge of financial services industry and the products andservices offered

  • Ability to consistently meet expected deadlines

  • Excellent written and verbal communication skills

  • Ability to simultaneously manage and organize multiple projects

  • Ability to recognize/analyze/resolve system and procedural problems

  • Ability to lead and coordinate activities of a project group

  • Ability to perform well under pressure and to work independently withhigh levels of initiative

  • Excellent organizational skills

  • Master or PHD degrees in a quantitative field

  • 1+ years experience with model development in financial servicesindustry

What You'll Get at Sallie Mae:

  • Comprehensive Compensation and Healthcare Benefits (Medical, Dental, Vision plans)

  • Financial Well-being : 401(k) company match, employee stock purchase plan, and basic life insurance and short-term disability are provided to employees at no cost

  • Work/Life Balance : Paid time off, time off to volunteer, and tuition reimbursement. In addition, after 6 months of employment, primary caregivers receive 12 weeks of 100% fully paid time off and secondary caregivers are eligible for 4 weeks of 100% fully paid time off, for birth or adoption

  • Wellness : Fitness centers/gym subsidies, free Fitbits with step challenges, and wellness education

REQ ID: 675

Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. If you'd like more information about your EEO rights as an applicant, please click here. EEO is the Law Supplement. Click here to view the U.S. Pay Transparency Policy.

Estimated annual salary
$101,971
average
Minimum
$62,949
Maximum
$144,810

TASKS

  • Pose for artists and photographers.
  • Gather information from agents concerning the pay, dates, times, provisions, and lengths of jobs.
  • Follow strict routines of diet, sleep, and exercise to maintain appearance.
  • Record rates of pay and durations of jobs on vouchers.
      Vacation & Paid Time OffEmployee Stock Purchase PlanVision Insurance
      Disability InsuranceTuition AssistanceHealth Insurance
      Dental Insurance401K PlanLife Insurance

      Sallie Mae

      Type

      Company - Public

      Size

      1001-5000

      Revenue

      $1B to 2B

      Location

      Multiple locations

      Industry

      Insurance
      Banking/Mortgage
      Accounting/Finance
      More...

      Founded

      1972

      CEO

      Raymond J Quinlan

      Job Filters

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