Quantitative Audit Manager

2 days ago


Charlotte, North Carolina, United States Truist Full time
Job Summary

Truist is seeking a highly skilled Quantitative Audit Manager to lead the execution of technical model validation reviews. The successful candidate will be responsible for performing full or targeted scope validation assessments, reviewing validations to ensure concurrence with the Model Risk Management Team, and assessing methodology, implementation, and fit for use status of models.

Key Responsibilities
  1. Lead the execution of technical model validation reviews, including performing full or targeted scope validation assessments and reviewing validations to ensure concurrence with the Model Risk Management Team.
  2. Maintain relationships with Model Risk Management, Model Development, and Model Owners throughout the first and second lines of defense.
  3. Contribute to improving Truist model risk management by recommending improvements to model risk management systems and processes, providing feedback to management on the implementation of new model systems and related processes, and developing knowledge of auditing concepts and risk management practices.
  4. Develop and maintain specialization and expertise in complex modeling concepts, and pursue continuing education and possible additional professional certifications.
  5. Collaborate with various audit delivery teams and provide subject matter expertise for models used by the related lines of business.
  6. Maintain the requisite knowledge and experience to assist audit delivery teams with evaluating Truist's adherence to SR 11-7 regulatory guidance on model risk governance and oversight for various model types.
  7. Provide leadership and train/coach/mentor junior team members to enhance achievement of goals and objectives.
Qualifications
  • Master's in Mathematics, Statistics, Data Science, Engineering, Computer Science, or formal post-undergraduate certification with a focus on Quantitative or Financial Analytics.
  • 6+ years of technical model experience, which could include working on a model validation team, model development team, or Audit equivalent technical review team.
  • Demonstrated proficiency with one or more financial modeling methodologies, including knowledge of statistical and algorithmic methods applied in financial modeling.
  • Strong knowledge of programming languages such as R, Python, or C++.
  • Strong knowledge of one or more database management tools such as SAS and/or SQL.
  • Strong analytical, facilitation, interpersonal, and decision-making skills.
  • Strong written, oral, and negotiating skills, including the ability to present findings and articulate and defend conclusions to senior Audit and/or line of business management.
  • Strong proficiency of standard software applications such as MS Office.
Preferred Qualifications
  • Ph.D in Mathematics, Statistics, Data Science, Engineering, Computer Science, or other relevant degree.
  • Technical model experience with a large bank.
  • General auditing skills.
  • Broad understanding of finance and accounting concepts and the banking and financial services industry.
Benefits

Truist offers a comprehensive benefits package, including medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.



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