Senior Quantitative Analyst

4 days ago


Pittsburgh, Pennsylvania, United States PNC Full time
Job Description

We are seeking a highly skilled Senior Quantitative Analyst to join our team at PNC.

About the Role

This position will be based in one of our downtown locations, including Pittsburgh, PA, Cleveland, OH, Wilmington, DE, Charlotte, NC, Tyson's Corner, VA or Washington, DC.

  • The ideal candidate will have 5+ years of experience in developing Probability of Default (PD), Loss given Default (LGD) and Exposure at Default (EAD) models for Retail portfolios.
  • They will also have advanced knowledge of Statistical Methods for model building, Machine Learning, and Big Data, as well as excellent programming skills in SAS/Python or R.
  • In addition, they will be able to solve problems while working under pressure, and undertake, execute and deliver on-time multiple simultaneous projects under tight deadlines.

Key Responsibilities

The successful candidate will be responsible for:

  1. Developing and maintaining retail models for use in critical applications, including stress testing and reserves.
  2. Enhancing and maintaining model development documentation.
  3. Working closely with model owners, line of business and risk managers to improve models and analytics.
  4. Collaborating with model risk management teams on validations and resolving model issues.
  5. Producing analytics in support of model development or other business needs that require employing statistical methodologies and/or data processing skills.
  6. Creating presentations on model methodologies and outcomes to senior management and governance committees.
  7. Collecting data from various sources, performing analysis and interpreting results to assist in making impactful business decisions.

Requirements

To be considered for this role, you will need:

  • A Bachelor's degree in a quantitative discipline such as Statistics, Mathematics, Operations Research, Econometrics, etc.
  • At least 5+ years of working experience in a financial services industry in the area of Credit Risk.
  • Advanced degree (Masters or PhD) in a quantitative discipline is preferred.
  • Excellent data manipulation skills on large data sets with ability to source data from Oracle/SQL/Hadoop.
  • A team player with the ability to develop relationships with non-quantitative partners and stakeholders.
  • Excellent written and verbal communication skills.

Salary

The estimated salary for this position is $120,000 - $180,000 per year, depending on experience.

Benefits

PNC offers a comprehensive benefits package, including medical, dental, vision, and disability insurance, as well as a 401(k) plan with company match.

Competencies

The successful candidate will possess the following competencies:

  • Bank Quantitative Analysis – Knowledge of and ability to use numerical methods to develop statistical models for devising trading strategies.
  • Data Gathering and Reporting – Knowledge of and ability to utilize tools, techniques and processes for gathering and reporting data in a particular department or division of a company.
  • Effective Communications – Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.
  • Predictive Analytics – Knowledge of, experience with and ability to use the tools, processes and practices for predicting business trends and providing forecasts that drive business decisions and business planning.
  • Quantitative Techniques – Knowledge of and ability to use quantitative tools and techniques to measure and analyze risks.

About PNC

PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.



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