Senior Data Scientist

Scottrade, Inc., a financial services firm, partners with more than three million retail clients to provide the trading services and investment solutions they need to overcome barriers to financial success. Founded in 1980, Scottrade pairs its large nationwide branch network with advanced online products and services to help clients gain insight into the market and react quickly to trading opportunities.

The main purpose of this position is to be responsible for the research, development, validation, and presentation of model requests from Scottrade Bank, Brokerage, and/or Shared Service departments across the enterprise.

* Lead model development consulting engagements including interviewing appropriate business unit representatives, Senior and Executive Management to build models to stakeholder specifications and assist in model implementation. * Design Econometric models to explore relationships between economic data and enterprise performance. * Design models for Scottrade Enterprise as needed using, VaR, Monte Carlo and bootstrapping simulations. * Lead in the development of detailed documentation of processes, procedures and performance tracking related to model development and application process. * Deliver and convey model design, drivers, and results to assist assessment by validators and regulators. Evaluate assumptions, analyze data and present results of financial modeling. * Produce model documentation in accordance to OCC 2011-12 and SR 11-7 regulatory guidance. * Prepare and assist Lines of Business and Shared Services with model development projects and present results to Enterprise wide management.. * Prepare, analyze, and manage large data sets involving historical balances and incomes for statistical analyses. * Support regulatory examinations and audits of the stress test modeling process and component models in conjunction with capital related research and analysis based on industry and peer data, and regulatory developments affecting the capital adequacy, planning and modeling process. * Perform statistical research and literature review to provide insight into industry range of practice and support for various model choices. * Research regulatory guidance and maintain enterprise policies and procedures around stress testing and model development. * Support enterprise wide balance sheet forecasting and planning process as needed. * Support the ongoing analysis of the bank and brokerage investment portfolios as needed. * Coach and mentor members with the Risk Modeling department. * Perform other duties as assigned.

**Knowledge, Skills And Abilities Required:** * Strong understanding of data segmentation, model development and validation, macroeconomic performance and credit loss forecasting techniques. * Advanced knowledge of math terminology, econometric/statistical analysis and financial modeling techniques. * Strong knowledge of micro and macro-economic fundamentals. * Advanced knowledge of balance sheet modeling and database software. * Intermediate knowledge of the wholesale and retail banking and brokerage businesses and the related models used in those businesses to manage risk. * Basic knowledge of DFAST (Dodd Frank Act Stress Testing) and Capital Planning for a financial services organization. * Basic understanding of financial and accounting principles, terminology and concepts. * Basic understanding of fixed income terminology, product structures and financial instruments offered by banks. * Ability to grasp complex information quickly and accurately. * Strong attention to detail and process orientation in order to prioritize tasks. * Proven ability to meet deadlines and drive results using multiple sources of information within short timelines. * Advanced written and verbal communication skills in order to present findings to multiple audiences. * Advanced level proficiency with Microsoft Excel. * Intermediate level proficiency with Microsoft Word, PowerPoint and Outlook. * Foster company success through a professional appearance, being courteous to customers and all Scottrade associates and by having a positive attitude. **Physical Activites & Requirements, Visual Acuity, Working Conditions And Noise Level:** * While performing the duties of this job, the employee is required to sit, talk, hear, and use hands to finger, handle or feel objects, tools or controls. * The physical requirements of this position are considered to be sedentary work (Exerting up to 10 pounds of force occasionally and/or negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects. Sedentary work involves sitting most of the time.). * While performing the duties of this job, the employee is required to have close vision (clear vision at 20 inches or less in order to view a computer screen). * The noise level in the work environment is considered moderate (business office with co-workers, copiers, shredders, printers, etc.). **Contacts With Others:** Contacts with other persons within the department on routine matters as well as regular contact with other departments, or outside the organization furnishing or obtaining factual data requiring ordinary courtesy and tact. May need to utilize specialized communication skills in order to maintain goodwill with internal and external contacts. May be required to present to management and work product may influence future departmental or organizational policy or procedure decisions. **Minimum Education & Experience:** * Master’s Degree in Mathematics, Finance, Economics, Accounting, or equivalent combination of education and experience required. PhD is preferred. * 6+ years of experience with financial modeling/forecasting required.