Description

Location: On site in Birmingham, AL, Charlotte, NC, and Memphis, TN

Summary

Support the Credit Loss Modeling & Forecasting Team with the development, testing, implementation, monitoring, and maintenance of CECL, stress testing, and loss forecasting models, including development of quantitative and qualitative assessment methodologies, selection, transformation, and integration of credit and econometric data, scenario analysis, model output and validation, back-testing methodologies, and model documentation.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Under the direction of senior members of the team, this position is primarily expected to:

• Develop and apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data sets from multiple sources (including internal consumer, mortgage, and commercial loan systems, external bank data (e.g., Call Reports), and economic forecasts) to develop credit risk models for CECL, stress testing, and other credit risk related initiatives.

• Derive model assumptions that are well reasoned and supportable.

• Implement models in code in a transparent and easily maintainable way.

• Comprehensively and clearly document all modeling or analysis work that meets internal, GAAP, and regulatory requirements; translate model theory and related results for non-quantitative audiences.

• Develop and support strong controls for the model implementation framework and maintain related documentation.

• Support independent model validation process, internal and external audits, and regulatory reviews.

• Interact with model owner/users, validators, and regulators to address model issues and remediation actions.

• Interact with key stakeholder groups such as Accounting, Treasury, Credit, Model Risk Management, and Enterprise Technology in the design, development, and ongoing usage of models.

• Monitor the performance and calibration of existing models.

POSITION’S ADDITIONAL RESPONSIBILITIES:

• Work on various ad hoc quantitative, modeling, and programming assignments.

SUPERVISORY RESPONSIBILITIES

1. No supervisory responsibilities

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position:

PhD or Master’s degree in Statistics, Econometrics, Mathematics or related quantitative field. A Bachelor’s degree in a quantitative field with additional certifications or experience may be considered.

Minimum Experience:

• Must have advanced quantitative statistical modeling skills (Regression, Time-Series, Data Mining, Survival Analysis, Sensitivity, Backtesting, etc.)

• PhD or master’s degree in Statistics, Econometrics, Mathematics or related quantitative field. A bachelor’s degree in a quantitative field with additional certifications or experience may be considered.

• Experience with at least one of the following software packages: R, SAS, SQL, Python

• Strong analytical and critical thinking skills with high attention to detail and accuracy

• Excellent verbal, written, and interpersonal communication skills

Preferred Experience:

• 2 or more years of model development or validation experience, particularly in credit risk or stress testing.

• Working knowledge of Python or R, SAS, and SQL.

• Working knowledge of Generally Accepted Accounting Principles (GAAP), Basel III, Dodd-Frank Act Stress Testing, CCAR, and bank accounting/regulatory reporting requirements.

• Ability to clearly articulate, in writing or orally, ideas, analytic insights, and recommendations to both technical and non-technical audiences, including an executive audience.

• Ability to use advanced statistical and mathematical software to perform descriptive, predictive, and prescriptive analysis leveraging a variety of statistical techniques (such as segmentation, logistic regression, sensitivity analysis, and machine learning).

• An ability to identify key problems, conduct in-depth research, and articulate well-reasoned solutions.

COMPUTER AND OFFICE EQUIPMENT SKILLS

• Knowledge of Python, R, SAS, or SQL

• Proficiency in the use of Microsoft Office with advanced experience in Excel

• Familiarity with software version control systems, such as Git

CERTIFICATES, LICENSES, REGISTRATIONS (Ex: CPA, Series 6 or 7 license, etc)

None required

About Us

First Horizon is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. With $81.7 billion in assets as of December 31, 2023, we serve clients through a team of approximately 7,300 associates and 418 banking centers throughout the southeastern United States. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. First Horizon has been recognized as one of the nation’s best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank.

Benefit Highlights

• Medical with wellness incentives, dental, and vision

• HSA with company match

• Maternity and parental leave

• Tuition reimbursement

• Mentor program

• 401(k) with 6% match

• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits

Corporate Diversity Commitment:

We remain committed to creating a more equitable society, and that starts with our associates, our clients, and the communities we serve. We do this by elevating equity, providing capital and counsel, and committing to excellence in everything we do.

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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)