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Statistician at Wintrust Financial Corporation in Rosemont, Illinois

Posted in General Business 30+ days ago.

Type: Full-Time





Job Description:

Founded in 1991 with the idea to be the alternative to the big banks, Wintrust has since grown into a financial services company with more than $45 billion in assets, headquartered in Rosemont, Illinois. Through our multiple companies and divisions, we provide traditional community banking and commercial banking services, wealth management solutions, commercial and life insurance premium financing, mortgage origination, and short-term accounts receivable financing and certain administrative services, such as data processing of payrolls, billing, and treasury management services. We provide community-oriented personal and business banking services to customers located in the greater Chicagoland area, northwest Indiana, and southern Wisconsin through more than 175 community bank locations.

This position uses statistical techniques to identify potential discrimination and uncover potential bias to meet bank anti-discrimination objectives and to meet regulatory expectations.  Develops and maintains in-house fair lending models used to monitor compliance with fair lending/civil rights laws. Utilizes data analysis and statistical methods to improve automation of fair lending monitoring and to determine key areas of risk. Performs exploratory analysis and research and presents results to nontechnical audiences. Visualizes data and analytical results to communicate complex ideas to senior management.

20%

Develops and maintains in-house statistical models to identify potential discrimination and lending risk. Uses statistical analysis, programming skills, and regression analysis, to monitor mortgage, business and consumer marketing, lending and servicing for fair lending risk. Evaluate existing monitoring methodologies to ensure validity, accuracy, and efficiency. Maintain written documentation related to model and automated tool development, methodology and soundness.

10%

Leverages results from statistical models and analysis to identify files for additional review. Prepares written reports communicating analysis and results in non-technical terms.

5%

Leverages statistical methods to monitor for bias in models, including AI models. 

5%

Ability to monitor text data sets for bias using natural language processing and other statistical methods.

10%

Evaluates and identifies limitations related to reliability or usability of data for conducting analysis and monitoring. Assist with developing in-house processes to evaluate and improve data integrity and validation. Writes programs to clean, coordinate, and analyze data sets.

10%

Evaluates and improves automation of fair lending monitoring and risk evaluation using marketing, loan application and origination, loan exception, and other data sets.

15%

Evaluates and improves data visualization for high-level risk reporting including tables, graphs, charts, and maps to ensure non-technical communication/escalation of fair lending risk is appropriate and effective.

5%

Maintains the analytics behind the Fair Lending Risk Assessments.

5%

Reviews policies, procedures and internal controls to develop models to monitor for compliance with Fair Lending laws and regulations. Identifies and communicates potential issues to management. Provides assistance to management in developing and implementing necessary corrective action.

5%

Maintains a competent level of expertise and knowledge of the requirements of the various Fair Lending laws, regulations and rulings governing the Bank's activities. Keeps abreast of regulatory updates through reading, classes, seminars, etc.

10%

Demonstrates creative thinking and problem solving. Offers innovative solutions and identifies areas for improvement. Exhibits superior time management skills (measured by deadlines and quality of progress and projects completed). Handles other duties as assigned.

100%

LEVEL QUALIFIERS

Problem Solving:

Resolves non-routine problems with specialized knowledge

Knowledge:

Applies comprehensive concepts across fields

Discretion:

Demonstrates considerable judgment in selecting methods

Supervision:

Individual Contributor

Budget Responsibility:

N/A

Complexity Scope:

Accountable for projects with broad scope

Other Fiscal Responsibility:

Experience:

5-7 years

Education:

Bachelor’s degree required. Master’s degree in Statistics, Mathematics, Economics, Econometrics, or Finance preferred.

Certifications Required:

N/A

Related Experience:

5+ years of progressive experience in a data analytics, finance, risk/compliance, or related position.

Required:


  • Analytical experience developing statistical models in  R, Stata, SAS, Python, etc

  • Experience working with large and small datasets, including data cleaning, data manipulation, data analysis, text mining, natural language processing, and creating graphics

  • 2+ years of experience with model development to identify bias in data sets, models and AI models, preferably in financial services.   

  • Advanced Excel skills (i.e. vlookups, pivot tables, macros)

Preferred:


  • Experience with spatial tools and mapping

  • In-house fair lending model development, model review, or fair lending data analytics projects

Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, citizenship status, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.





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