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Quant Analytics Associate - Job Opportunity at KeyBank National Association

Brooklyn, United States
Full-time
Entry-level
Posted: April 13, 2025
Remote
USD 80,000-85,000 per year

Benefits

Comprehensive benefits package including short-term and deferred incentive compensation
Flexible work arrangement with Mobile by Design approach
Health and wellness benefits (implied based on company size and industry standards)
Professional development opportunities (implied from role description)

Key Responsibilities

Lead quantitative analysis on large datasets with focus on predictive and machine learning model development
Drive data quality assessment and impact analysis across multiple business segments
Develop and validate statistical models for business decision support
Create data visualizations and insights for pattern detection
Execute model diagnostics and performance testing
Support cross-functional teams with analytical insights

Requirements

Education

Bachelor's degree in statistics, mathematics, economics, financial engineering, data sciences, predictive modeling, or other quantitative disciplines

Experience

1 year relevant experience (0 with Master's or PhD)

Required Skills

Advanced Microsoft Office Suite Python/R/SAS programming Statistical analysis Data wrangling Model building and validation Database connectivity Data visualization Basic diagnostic testing Communication skills Critical thinking
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Sauge AI Market Intelligence

Industry Trends

Financial institutions are increasingly investing in quantitative capabilities to enhance risk management and decision-making processes Growing demand for professionals who can bridge the gap between complex mathematical models and practical business applications Shift towards cloud-based analytics platforms and real-time decision support systems in banking

Salary Evaluation

The offered salary range of $80,000-85,000 is competitive for an entry-level quantitative role in the banking sector, particularly considering the remote work option. This positions slightly above market average for similar roles in regional banks.

Role Significance

Likely part of a 5-8 person analytics team, working under senior quantitative analysts and data scientists with matrix reporting to business units.
Entry-level position with clear pathway to increased responsibility. Role designed to develop future quantitative leaders through hands-on experience with substantial mentorship.

Key Projects

Risk model validation and enhancement Customer behavior prediction models Portfolio optimization algorithms Credit scoring system improvements Regulatory compliance analytics

Success Factors

Strong foundation in statistical methods and programming Ability to translate complex mathematical concepts into business insights Effective communication with non-technical stakeholders Attention to detail in model validation and testing Proactive learning mindset for new tools and methodologies

Market Demand

High demand with steady growth projected. Financial institutions are expanding their quantitative teams to support digital transformation and advanced analytics initiatives.

Important Skills

Critical Skills

Statistical programming skills (Python/R/SAS) - Essential for model development and data analysis Data wrangling and cleaning - Fundamental for ensuring quality analysis Statistical modeling concepts - Core to role effectiveness Business communication - Critical for translating technical findings

Beneficial Skills

Cloud computing platforms Machine learning frameworks Financial domain knowledge Project management methodologies

Unique Aspects

Strong emphasis on supervised learning environment suitable for career development
Cross-functional exposure across multiple business segments
Balance of technical work with business impact focus
Clear structure for skill development and career progression

Career Growth

2-3 years in current role before advancement, with accelerated progression possible based on project impact and skill development

Potential Next Roles

Senior Quantitative Analyst Data Scientist Risk Modeling Manager Quantitative Research Lead

Company Overview

KeyBank National Association

KeyBank is a major regional bank with significant national presence, known for investing in technological innovation and analytical capabilities.

Among the top 20 largest banks in the United States, with strong emphasis on digital transformation and data-driven decision making.
Significant presence in the Midwest with growing national operations, particularly in digital services.
Progressive work environment with emphasis on work-life balance, demonstrated by their Mobile by Design approach and investment in remote work capabilities.
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