Principal Quantitative Risk Management Analyst, Marlboro or Chelmsford, MA or Hillsboro, OR, Hybrid

  • $146,500–$176,000 Per Year
  • Full-time
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Skills

  • Analysis Skillsunmatched
  • Bank Stress Testingunmatched
  • Best Practicesunmatched
  • Business Analysisunmatched
  • Business Strategyunmatched
  • Capital Analysisunmatched
  • Capital Projectunmatched
  • Computer Securityunmatched
  • Continuous Improvementunmatched
  • Credit Analysisunmatched
  • Credit Unionunmatched
  • Cross-Functionalunmatched
  • Data Modelingunmatched
  • Data Qualityunmatched
  • Data Structuresunmatched
  • Decision Supportunmatched
  • Diversityunmatched
  • Econometricsunmatched
  • Financeunmatched
  • Finance Softwareunmatched
  • Financial Analysisunmatched
  • Financial Mathematicsunmatched
  • Financial Modelingunmatched
  • Financial Operationsunmatched
  • Financial Planningunmatched
  • Forecastingunmatched
  • Leadershipunmatched
  • Loansunmatched
  • Maintain Complianceunmatched
  • Management Reportingunmatched
  • Market Analysisunmatched
  • Market Trackingunmatched
  • Market Trend Analysisunmatched
  • Mathematicsunmatched
  • Mentoringunmatched
  • Metricsunmatched
  • Mortgageunmatched
  • Operations Planningunmatched
  • Problem Solving Skillsunmatched
  • Procedure Developmentunmatched
  • Process Improvementunmatched
  • Process Managementunmatched
  • Product Pricingunmatched
  • Product Strategyunmatched
  • Project Executionunmatched
  • Python Programming/Scripting Languageunmatched
  • Quantitative Analysisunmatched
  • Quantitative Risk Assessment (QRA)unmatched
  • R Programming Languageunmatched
  • Regulatory Reportsunmatched
  • Regulatory Requirementsunmatched
  • Riskunmatched
  • Risk Analysisunmatched
  • Risk Managementunmatched
  • Risk Modelingunmatched
  • SQL (Structured Query Language)unmatched
  • Statisticsunmatched
  • Strategic Planningunmatched
  • Stress Testingunmatched
  • Team Lead/Managerunmatched
  • Technical Leadershipunmatched
  • Test Plan/Scheduleunmatched
  • Test Programunmatched
  • Test Scenariounmatched
  • Underwritingunmatched

Description

Description

This role provides advanced quantitative expertise to support the Credit Union’s capital planning and stress testing program by developing, maintaining, and applying analytical models, scenario-based forecasting processes, and decision-support tools. The role translates business strategy, risk appetite, portfolio behavior, and macroeconomic assumptions into model-ready inputs and actionable outputs that inform capital adequacy assessment, governance, regulatory reporting, management action planning, and proactive risk identification. It also supports Finance and Capital Planning special projects, including ad hoc analysis, strategic initiatives, process enhancements, management reporting, and cross-functional efforts that improve financial insight, capital adequacy monitoring, and organizational decision-making.

Here’s what you can expect from the job and what you need to be successful: 

What You’ll Do :

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  

·         Develop, refine, and maintain sophisticated quantitative models that assess market, credit, operational, and portfolio‑level risks. 

·         Lead the implementation and continuous improvement of analytical tools and processes used for risk measurement, forecasting, stress testing, and scenario analysis. 

·         Establish and interpret risk metrics, thresholds, and guidelines to ensure the organization’s exposure remains within acceptable boundaries. 

·         Evaluate the risk implications of new or evolving financial products, strategies, and business initiatives, providing actionable insights to stakeholders. 

·         Monitor macroeconomic trends, market conditions, and emerging risk signals to identify potential vulnerabilities and recommend mitigation strategies. 

·         Drive the creation of effective reporting frameworks that enhance transparency, data quality, and efficiency in communicating risk insights. 

·         Collaborate cross‑functionally with business, finance, data, and technology partners to embed quantitative risk practices into decision‑making processes. 

·         Provide technical guidance, mentorship, or subject‑matter expertise to others to strengthen the organization’s overall analytical capabilities. 

·         Ensure adherence to internal policies, governance expectations, and regulatory requirements related to risk modeling and analytics. 

 Typical Scope: 

·         Anticipates internal/external business issues and recommends product, process or service improvements. Leads projects or programs with significant risk and complexity and develops strategy for project execution. Analyzes complex business issues using conceptual thinking and exercises significant judgment on technical or highly complex problems. Makes recommendations impacting processes or outcomes. 

·         Exercises independent judgment in methods, techniques and evaluation criteria to work on significant and unique issues. Expert level knowledge in functional area and broad understanding of multiple disciplines. Applies innovative technical or industry knowledge. Communicates frequently with leadership. 

·         Acts independently to determine methods and procedures. May supervise the activities of others. Works autonomously under general guidance. May lead work group through expertise. Manages multiple processes or programs and establishes operational plans. 

Essential Skills:

Education & Experience:  

·         Required Education: Bachelor's degree in field relevant to role (or 4 additional years of relevant experience in lieu of a degree) 

·         Required Experience:8 - 12 years of relevant experience 

 Qualifications & Skills:  

·         Strong expertise in quantitative finance, statistics, econometrics, mathematics, or a related discipline. 

·         Proven ability to build, validate, and interpret complex risk or financial models using tools such as Python, R, SQL, or similar analytics platforms. 

·         Deep knowledge of risk concepts—including market, credit, operational, and portfolio risk—and their application in financial or operational environments. 

·         Ability to translate complex analytical findings into clear, actionable recommendations for diverse stakeholders. 

·         Demonstrated capability to work independently on complex problems while contributing effectively within cross‑functional teams. 

·         Strong understanding of data structures, model governance, and analytical best practices.   

Location:

Either Marlboro, MA, Chelmsford, MA or Hillsboro, OR

Target Compensation:

 $146,500 - $176,000

Who We Are:   

 What makes First Tech different? Click here to learn more!  

 Every great journey begins with a bold idea—and ours is no different. First Tech and DCU were founded on the belief that financial solutions should put people first. That belief has fueled decades of innovation and service, rooted in the tech sector and expanding to support members from all walks of life.

 Employees are eligible for:

  • Traditional medical, dental, and vision coverage
  • Generous 401(k) match
  • Paid Time Off: - You’ll accrue up to 15 days in your first year.  In addition, you’ll receive 40 hours of sick time and 3 personal days, which refresh annually
  • Paid federal holidays
  • Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility subject to standard account requirements and underwriting criteria

 Employment Statements: 

 First Tech is an equal opportunity employer, and we value diversity, inclusion, and equity at our company. We evaluate qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.

 

If you’re applying for a job and need a reasonable accommodation for any part of the employment process, please send an email to 

recruiters@firsttechfed.com

 and let us know the nature of your request and contact information. Please note that only those inquiries concerning a request for reasonable accommodation will be responded to from this email address 

 

First Tech is not currently offering Visa transfer/ sponsorship for this position.  



Who We Are:

What makes First Tech different? Click here to learn more!

Every great journey begins with a bold idea—and ours is no different. First Tech and DCU were founded on the belief that financial solutions should put people first. That belief has fueled decades of innovation and service, rooted in the tech sector and expanding to support members from all walks of life.

Employees are eligible for:

• Traditional medical, dental, and vision coverage
• Generous 401(k) match
• Paid Time Off: You'll accrue up to 15 days in your first year. In addition, you'll receive 40 hours of sick time and 3 personal days, which refresh annually
• Paid federal holidays
• Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility subject to standard account requirements and underwriting criteria)

Employment Statements:

First Tech is an equal opportunity employer, and we value diversity, inclusion, and equity at our company. We evaluate qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.

If you're applying for a job and need a reasonable accommodation for any part of the employment process, please send an email to recruiters@firsttechfed.com and let us know the nature of your request and contact information. Please note that only those inquiries concerning a request for reasonable accommodation will be responded to from this email address.

First Tech is not currently offering Visa transfer/sponsorship for this position.

Numbers & Facts

LocationHillsboro, OR
Job TypeFull-time
Salary$146,500–$176,000 Per Year

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