About this role
<div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>General Description</b></H2> </div><div><p>Popular is seeking a Quantitative Analyst to support independent validation of quantitative models in accordance with the Model Risk Management framework and regulatory guidance (e.g., SR 26-2).</p> <p>The role is responsible for evaluating models used across risk and finance functions, including credit risk, operational risk, stress testing, CECL/allowance estimation, and macroeconomic forecasting, to ensure conceptual soundness, implementation accuracy, and ongoing performance monitoring.</p> <p>The position requires strong analytical, technical, and communication skills to effectively challenge model assumptions and communicate validation results to stakeholders. </p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>Essential Duties and Responsibilities</b></H2> </div><div><ul> <li>Perform independent model validations covering conceptual soundness, process verification, data quality assessment, outcome analysis, and ongoing performance monitoring.</li> <li>Conduct effective challenge of model methodologies, assumptions, limitations, and intended use, while evaluating models supporting credit risk, stress testing, scenario analysis, revenue forecasting, and macroeconomic modeling in alignment with regulatory expectations and internal standards.</li> <li>Develop and execute quantitative testing frameworks, including sensitivity testing analysis, back-testing, benchmarking, and robustness testing.</li> <li>Produce high-quality validation deliverables, including validation reports, executive summaries, technical documentation, and monitoring frameworks.</li> <li>Assess model implementation and production controls, including data lineage, execution environments, and governance processes.</li> <li>Collaborate with model developers, model owners, model users, risk teams, internal audit, regulators, and external consultants.</li> <li>Support regulatory examinations and internal audits by providing clear, well-documented, and defensible validation work.</li> <li>Stay current with evolving regulatory requirements, industry best practices, and emerging methodologies, including AI/ML model governance and explainability.</li> </ul></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>Education</b></H2> </div><div><p>Bachelor’s or Master’s degree in Computer Science, Mathematics, Applied Statistics, Data Science, Physics or a related quantitative field.</p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>Experience</b></H2> </div><div><ul> <li>At least two years of experience in model development, implementation, or validation within financial services or a quantitative environment. </li> <li>Experience in machine learning models is desirable. </li> </ul></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>Other Qualifications</b></H2> </div><div><ul> <li>Strong foundation in statistical modeling and machine learning techniques, including regression techniques, Random Forest, Gradient Boosting, XGBoost, neural networks, and logistic regression.</li> <li>Experience applying model validation techniques, including back-testing, benchmarking, sensitivity analysis, and performance diagnostics.</li> <li>Proficiency in Python, R, SAS, or similar statistical tools, as well as SQL and relational databases.</li> <li>Familiarity with data ana analytics platforms such as Jupyter, AWS, Power BI, or similar tools.</li> <li>Strong analytical and problem-solving skills, with the ability to manage multiple priorities and meet deadlines.</li> <li>High attention to detail and ability to produce high-quality documentation.</li> <li>Ability to work independently and collaboratively in a team environment.</li> <li>Strong interpersonal, influencing, and stakeholder management skills.</li> <li> <p><strong>Communication Skills</strong></p> <ul> <li>Excellent written and verbal communication skills in English and Spanish.</li> <li>Ability to translate complex quantitative concepts into clear, concise, and business-friendly language.</li> <li>Strong documentation and presentation skills suitable for management.</li> </ul> </li> </ul></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>Region Locations</b></H2> </div><div><p>Popular Center, 014.</p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>Values</b></H2> </div><div><div>1. Passion for People</div><div>3. Succeed Together</div><div>2. Own Every Moment</div><div>4. Build the Future</div></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>Additional Requirements</b></H2> </div><div></div></div></div><p style="text-align:justify"><strong>Important: </strong>The candidate must provide evidence of academic preparation or courses related to the job posting, if necessary.</p> <p><span style="font-size:12.0pt;font-family:Aptos, sans-serif">Our hybrid work model benefit applies to certain positions and is subject to changes based on the organizational needs.</span></p> <p>Applicants must be authorized to work for any employer in the United States. This position is not open to applicants who need visa sponsorship or transfer of visa sponsorship at this time.</p> <p style="text-align:center">ABOUT US</p> <p style="text-align:justify">Popular is Puerto Rico’s leading financial institution and have been evolving since it was founded over a century ago. From a small bank it has developed into a large corporation that offer a wide variety of services and financial solutions to our customers, with presence in the United States, the Caribbean and Latin America.</p> <p style="text-align:justify">As employees, we are dedicated to making our customers dreams come true by offering financial solutions in each stage of their life. Our extensive trajectory demonstrates the resiliency and determination of our employees to innovate, reach for the right solutions and strongly support the communities we serve; therefore, we value their diverse skills, experiences and backgrounds.</p> <p style="text-align:justify">We reaffirm our commitment to always offer essential financial services and solutions for our customers and communities, including during emergency situations and/or natural disasters. Popular’s employees are considered essential workers, whose role is critical in the continuity of these important services even under such circumstances. By applying to this position, you acknowledge that Popular may require your services during and immediately after any such events.</p> <p style="text-align:justify"><em>If you have a disability or need more information about requesting an accommodation, please contact us at <a href="mailto:[email protected]">[email protected]</a>. <strong>This email inbox is monitored for such types of requests <u>only</u></strong>. All information you provide will be kept confidential and will be used only to the extent required to provide needed exemptions or reasonable accommodations. Any other correspondence will not receive a response.</em></p> <p style="text-align:center"> </p> <p style="text-align:center"><span style="color:#a9a9a9"><strong>Are you ready for a rewarding career?</strong></span></p> <p style="text-align:justify"> </p> <p style="text-align:center"><strong>Popular is an Equal Opportunity Employer, including Disability/Vets</strong><br>Learn more about us at <a href="http://www.popular.com" target="_blank" rel="noopener"><span style="color:#0066cc">www.popular.com</span></a> and keep updated with our latest job postings at <a href="http://www.jobs.popular.com">www.jobs.popular.com</a><em>.</em><br><strong>Connect with us!<br><a href="http://www.linkedin.com/company/banco-popular-de-puerto-rico" target="_blank" rel="noopener"><span style="color:#0066cc">LinkedIn</span></a> | <a href="http://www.facebook.com/popular/" target="_blank" rel="noopener"><span style="color:#0066cc">Facebook</span></a> | <a href="http://twitter.com/popular?lang=es" target="_blank" rel="noopener"><span style="color:#0066cc">Twitter</span></a> | <a href="http://www.instagram.com/popular.pr?igshid=ykmhge270ti5communitybank/" target="_blank" rel="noopener"><span style="color:#0066cc">Instagram</span></a></strong></p> <p style="text-align:center"> </p> <p style="text-align:center"><em>If you are a California resident, please <a href="https://documents.popular.com/pdfs/SERV/Privacidad_del_Consumidor_Residentes_California_ing.pdf?_gl=1*1oxhuzt*_ga*MTUwMTA5OTQ4Ny4xNjc2NDA1OTU0*_ga_WQNSS77ZYR*MTY3NzAxMTQ0MS41LjEuMTY3NzAxMTQ3OS4yMi4wLjA.&_ga=2.36448230.7705871.1676995212-1501099487.1676405954" target="_blank" rel="noopener">click here</a> to learn more about your privacy rights.</em></p> <p style="text-align:center"> </p>