Hybrid Lead Model Developer

at Bread Financial

• Job title: Lead Model Developer
• Job type: Full Time
• Experience level: Senior
• Salary: $120,500 - $218,300 per year
• Degree requirement: Bachelor's Degree
• Tech skills: Pandas, PySpark, Python
• Location requirements: Hybrid, United States

About the role

• Lead Model Developer creating quantitative models within Model Center of Excellence at Bread Financial. Involved in development, maintenance, and validation of regulatory risk management models and documentation.

Responsibilities

• Design and build quantitative and qualitative models for Treasury and Capital Stress Testing
• Execute complex statistical and non-statistical financial models
• Analyze inputs, processing, and outputs for useful insights
• Maintain comprehensive model documentation and operational processes
• Ensure model Monitoring and Maintenance (M&M) standards
• Engage with FDIC regulators, MRM, and Audit
• Communicate model purpose, design, execution, and adjustments

Requirements

• Bachelor’s Degree in Finance, Economics, Business, Statistics
• 8+ years of experience in Model Development
• Experience with Model Documentation
• Engagement with Regulators and Audit
• Partnership with diverse partners
• Master’s Degree in Finance, Economics, Business, Statistics (Preferred)
• 10+ years of experience in model-related fields (financial, statistical, operational, risk modeling)
• Skills in Financial Econometrics, Linear Regressions, Logistic Regression Models, Written Communication, Financial Modeling in Excel, Relationship Management, Critical Thinking, Python for Data Analysis, Pandas, PySpark

Benefits

• medical, prescription drug, dental, vision, and other voluntary benefits
• basic and optional life insurance
• supplemental medical plans
• short and long-term disability
• 401(k) plan
• six weeks of 100% paid parental leave
• 11 paid holidays
• Flexible Time Off (FTO) program
• 80 hours of Paid Sick and Safe Time (PSST)
• purchase company stock during offering periods
• annual incentive bonus based on individual and company performance