Quantitative Model Development Officer I

4 weeks ago


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

Truist Inc is seeking a highly skilled Quantitative Model Development Officer I to lead model development efforts specific to finance and risk measurement estimation methodologies. The ideal candidate will have a strong background in quantitative modeling, risk management, and financial analysis.

Key Responsibilities

Conduct and own most aspects of the model development life cycle, including data acquisition, assessing data integrity, model development, documentation, implementation assistance, and closing assurance provider issues related to the model.

Develop, maintain, and supervise monitoring, performance reporting, and change-management processes for quantitative models.

Work with stakeholders to ensure models fulfill business objectives and comply with Truist requirements for model risk management and other policy requirements.

Assist with mentoring and training to accelerate model development in areas of techniques, process, and business knowledge.

Advocate towards user understanding and acceptance of models and associate analytics, including written and verbal presentations to model users, stakeholders, managers, and oversight groups.

Serve as a core point of contact to address model questions within the firm, including assurance providers (e.g., Corporate Model Risk Management, Corporate Audit, and regulators).

Support regulatory examinations and address respective requests.

Assist with identifying, recruiting, and maintaining quantitative talent.

Requirements

Ten years of relevant experience in best practices or equivalent financial industry experience developing, documenting, implementing, or validating quantitative models with concentration in a particular financial domain.

Seven+ years of model development experience using SAS or other applicable model development software/programming tools.

Strong English communication skills, both written and verbal.

Ability to distill complex mathematical concepts into actionable results.

Strong work ethic; promote and conduct continued development of personal and associate knowledge base and technical skills.

Preferred Qualifications

Master's degree/PhD.

Relevant professional designation(s).

Experience in risk management.

Knowledge/experience of best practices and current regulatory environment and associated expectations within the 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. 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. For more details on Truist's generous benefit plans, please visit our Benefits site.

Equal Opportunity Employer

Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.
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