Economist Data Scientist

Description

We are looking for an experienced economist and data scientist that will participate in the design, development, testing and execution of various models that cover macroeconomic scenario generation and credit risk models.   

Primary responsibilities include:  

• Conduct research and analyses of the current state of the US economy, economic policies, and/or events and contribute to the incorporation of the results into macroeconomic forecasts.
• Develop models and tools to incorporate climate related physical and transition risks to credit risk models such as probability of default (PD), loss given default (LGD), and Loss Forecasting (CCAR, CECL) for Bank’s commercial/consumer lending portfolios.
• Build statistical/econometric credit risk models, including default prediction, recovery, and valuation models, looking at correlations, concentrations, rating migrations, and risk contributions. 
• Collaborate with business line partners and risk managers to socialize these models and support them with on-going requests.  
• Work with the independent model validation team to get models approved after development work is complete. 
• Analyze portfolio trends in support of strategies and applications.
• Support the implementation of the developed models. 
• Prepare ad-hoc risk quantification projects at the request of management.    

 Required Qualifications/Skills:

• At least 5 years of experience in commercial/consumer banking credit modeling and/or related experience in an academic setting. Experience as an economist would be a plus. 
• Extensive understanding of relational databases and ability to effectively utilize statistical software such as Python, R, Stata and SAS.
• Effective professional communication of analytical concepts and results in both written and verbal form.

Education:

• Master’s degree in Economics/Finance/Mathematics/Statistics/Physics is required.
•  PhD degree preferred.

Hours & Work Schedule: Hybrid, 3 days in our Boston MA Office, 2 working from home.

• Hours per Week:40
• Work Schedule: Monday-Friday

 #LI-CITIZENS2

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Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens), provides equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability, or history or record of a disability, ethnicity, gender, gender identity or expression, transgendered and transitioning individuals, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens we are committed to fostering an inclusive culture that enables colleagues to bring their best selves to work every day and where all are expected to be treated with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. We perform our best so we can do more for our customers, colleagues, communities and shareholders.