Quantitative Risk Management Analyst

This is a fully remote position, open to applicants in Texas.

📋 Description

• Take ownership and develop a deep understanding of assigned quantitative risk models, covering data flows, calculations, assumptions, dependencies, controls, outputs, and the business context.

• Assist in the enterprise economic capital model and other risk-quantification tools by identifying issues, implementing changes, testing and reconciling results, and clarifying updates.

• Collaborate with subject matter experts and cross-functional teams to gather and interpret data, comprehend definitions, develop or validate assumptions, and convert business information into quantitative analysis.

• Prepare and analyze intricate datasets through profiling, cleansing, standardization, validation, reconciliation, transformation, aggregation, trend analysis, and data-quality assessments.

• Utilize SQL, Excel, VBA, R, or Python to extract and transform data, conduct quantitative and statistical analyses, support modeling efforts, automate processes, and generate consistent reporting.

• Ensure accurate and auditable documentation of data sources, business rules, methodologies, assumptions, limitations, changes, testing, results, and governance activities.

• Aid in the development and execution of stress scenarios and enterprise risk quantification.

• Establish relationships with stakeholders, articulate technical concepts, provide updates on status, and promptly address issues as they arise.

• Identify enhancements to data quality, model controls, documentation, and process efficiency while contributing to broader ERM initiatives.

⛳️ Requirements

• Foundational experience in quantitative analysis, financial or statistical modeling, or participation in complex analytical coursework or projects.

• Proficient in Microsoft Excel.

• Basic understanding of SQL and VBA.

• Strong attention to detail and a commitment to accuracy, completeness, data integrity, and clear documentation.

• Willingness and ability to learn intricate quantitative models.

• Capability to ask insightful questions, identify issues, suggest improvements, integrate feedback, and take on increasing responsibility.

• Familiarity with financial statements, statistical concepts, risk management, or scenario analysis.

• Experience using PowerQuery.

• Experience handling large or complex datasets, including data-quality reviews, reconciliations, and documentation.

• Proficient in R or Python for data preparation, statistical analysis, modeling, visualization, or automation purposes.

• Foundational knowledge in health care, accounting, finance, or regulatory reporting.

• Experience with GRC, project management, model governance, or workflow tools.

• Bachelor's degree or equivalent experience in a quantitative, analytical, finance, business, or related field.

🏝️ Benefits

• CVS Health bonus, commission, or short-term incentive program in addition to base salary.

• Medical coverage.

• Dental coverage.

• Vision coverage.

• Paid time off.

• Retirement savings options.

• Wellness programs.

• Additional resources promoting physical, emotional, and financial well-being, subject to eligibility.