Lead Analyst in Quantitative Modeling

1 week ago

New York, New York, United States PNC Financial Services Group Full time
Position Overview

At PNC Financial Services Group, our workforce is our most significant asset and competitive edge in the financial sector. We are committed to providing an exceptional experience for our clients. Each day, we collaborate to nurture an inclusive workplace culture where every employee feels appreciated, respected, and empowered to contribute to the organization's success.

As a Senior Analyst for Quantitative Risk and Model Development within PNC's Balance Sheet Analytics & Modeling team, you will engage in utilizing statistical methodologies and advanced data engineering capabilities to enhance growth and manage credit risk across PNC's financial portfolio. Your responsibilities will include:

• Extracting and enhancing data from relational databases

• Conducting statistical evaluations on extensive datasets

• Developing and overseeing models to pinpoint balance sheet risks and opportunities

You will collaborate with essential stakeholders to discover avenues for growth and risk management within the company's balance sheet, employing data and statistical techniques to create tools and models that facilitate informed business decisions.

Proficiency in relational databases, SQL, Python, and Spark is highly desirable.

Job Responsibilities
  • Independently conducts sophisticated quantitative analyses and model development to inform strategic decision-making through quantitative strategies. Provides recommendations based on analytical findings.
  • Analyzes and formulates new model frameworks in support of business operations. Refines, monitors, and reviews existing models while maintaining ongoing communication with model owners and developers throughout the review process. Works with complex datasets to create effective models.
  • Performs quantitative analysis and generates comprehensive reports. Evaluates both qualitative and quantitative aspects of models, including theoretical foundations, design, implementation, and data quality. Analyzes intricate data and associated quantitative assessments, making recommendations based on analytical insights.
  • Utilizes quantitative tools and methodologies to assess and analyze model risks, drawing conclusions regarding the strengths and limitations of the models.
  • Prepares and reviews detailed documentation for validation and regulatory compliance, adhering to established templates.
PNC Employees take pride in our reputation, and to continue building upon that, we expect our employees to embody:
  • Customer Focus - Understanding the values and practices that prioritize customer needs and satisfaction in all business decisions, leveraging this information to create tailored customer solutions.
  • Risk Management - Evaluating and effectively managing all risks associated with business objectives and activities to ensure compliance with PNC's Enterprise Risk Management Framework.
Qualifications

Successful candidates must exhibit the requisite knowledge, skills, and abilities for this role. Below are the skills, competencies, work experience, education, and required certifications/licensures necessary for success in this position.

Preferred Skills
Analytical Thinking, Credit Risk Assessment, Data Analytics, Financial Analysis, Model Development, Operational Risk Management, Quantitative Modeling, Risk Appetite

Competencies
Banking Quantitative Analysis, Consulting, Data Collection and Reporting, Effective Communication, Predictive Analytics, Quantitative Techniques, Regulatory Compliance in Financial Services, Testing

Work Experience
Positions at this level typically require a university/college degree, with a minimum of 3 years of relevant industry experience. Certifications are often preferred. In lieu of a degree, a comparable combination of education, job-specific certifications, and experience (including military service) may be considered.

Education
Bachelor's Degree

Certifications
No Required Certifications

Licenses
No Required Licenses

Pay Transparency

Base Salary: $55,000 - $157,300. Salaries may vary based on geographic location, market data, and individual skills, experience, and education. This role is eligible for incentives based on company, business, and individual performance.

Benefits

PNC offers a comprehensive array of benefits to meet your current and future needs. Depending on eligibility, options for full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; life insurance for employees and dependents; short and long-term disability coverage; 401(k) with PNC match, pension, and stock purchase plans; dependent care reimbursement; backup child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select fully paid programs; and a robust wellness program with financial incentives.

Additionally, PNC generally provides the following paid time off, depending on eligibility*: maternity and/or parental leave; up to 11 paid holidays each year; 8 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level and years of service.

To learn more about these and other programs, including benefits for full-time and part-time employees, please visit our website.

*For more information, please refer to the following links:

Time Away from Work

PNC Full-Time Benefits Summary

PNC Part-Time Benefits Summary

Disability Accommodations Statement

If an accommodation is required to participate in the application process, please contact us. Please include "accommodation request" in the subject line and provide your name, the job ID, and your preferred method of contact in the body of the message. All information provided will be kept confidential and used only to the extent necessary to provide reasonable accommodations.

At PNC, we promote an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with disabilities who require assistance to perform the essential functions of their positions.

Equal Employment Opportunity (EEO)

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

  • Lead Analyst in Quantitative Modeling

    1 week ago

    New York, New York, United States PNC Financial Services Group Full time

    Position Overview At PNC Financial Services Group, our workforce is our most significant asset and competitive edge in the financial sector. We are committed to providing an exceptional experience for our clients and fostering a workplace culture that values respect, inclusivity, and contribution to the organization's success. As a Senior Analyst in...

  • Lead Analyst in Quantitative Modeling

    1 week ago

    New York, New York, United States PNC Financial Services Group Full time

    Position Overview At PNC Financial Services Group, our workforce is our most significant asset and competitive edge in the financial sector. We are committed to providing the highest quality experience for our clients. Each day, we collaborate to nurture an inclusive workplace culture where every employee feels valued, respected, and empowered to contribute...

  • Lead Analyst in Quantitative Modeling

    1 week ago

    New York, New York, United States PNC Financial Services Group Full time

    Position Overview At PNC Financial Services Group, our workforce is our most significant differentiator and competitive edge in the markets we operate. We are all committed to providing the best experience for our clients. We collaborate daily to cultivate an inclusive workplace culture where all employees feel respected, valued, and have the opportunity to...

  • Lead Quantitative Analyst in Credit Risk Modeling

    2 weeks ago

    New York, New York, United States M&T Bank Full time

    Position Overview: Reporting to the Director of Credit Risk Modeling, this position is responsible for overseeing and directing a quantitative modeling team within the Commercial Credit sector. The primary focus is to address the data, systems, and modeling requirements for Commercial Risk Rating models (such as Scorecards and Behavioral models) that are...

  • Lead Quantitative Analyst

    2 weeks ago

    New York, New York, United States Brain Gain Recruiting Full time

    A prominent global investment firm is in search of driven and innovative Quantitative Analysts and Senior Quantitative Analysts to enhance its distinguished Quantitative Strategies division.We seek individuals who are enthusiastic about leveraging advanced mathematical methodologies and programming capabilities to create, evaluate, and execute statistical...

  • Lead Quantitative Analyst

    2 weeks ago

    New York, New York, United States Brain Gain Recruiting Full time

    A prominent global investment firm is in search of driven and innovative Quantitative Analysts and Senior Quantitative Analysts to enhance its distinguished Quantitative Strategies division.We seek individuals who are enthusiastic about leveraging sophisticated mathematical methodologies and programming expertise to devise, assess, and execute statistical...

  • Quantitative Analyst

    3 days ago

    New York, New York, United States Bloomberg Full time

    About BloombergBloomberg is a leading financial data and analytics company that provides innovative solutions for the financial industry.Job SummaryWe are seeking a highly skilled Quantitative Analyst to join our XVA Analytics team. As a Quantitative Analyst, you will be responsible for designing and implementing advanced mathematical models for XVA,...

  • Lead Quantitative Research Analyst

    1 week ago

    New York, New York, United States Enterprise Integration Full time

    Job OverviewLead Quantitative Research AnalystPOSITION SUMMARY:We are in search of a highly qualified and seasoned Lead Quantitative Research Analyst to become a vital member of a premier trading strategies team at a distinguished multinational investment management firm. This position is crucial for spearheading the creation of innovative quantitative...

  • Lead Quantitative Analyst for Equity Models

    2 weeks ago

    New York, New York, United States Bank of America Full time

    Position Title: Director, Equity QuantLocation: New York, New YorkJob Overview:At Bank of America, our mission is to enhance financial well-being through meaningful connections. Our commitment to Responsible Growth shapes our operations and ensures we deliver exceptional service to our clients, colleagues, communities, and shareholders daily.We prioritize...

  • Lead Quantitative Analyst for Equity Models

    2 weeks ago

    New York, New York, United States Bank of America Full time

    Job Overview: At Bank of America, our mission is to enhance financial well-being through every connection we foster. We prioritize Responsible Growth, which reflects our commitment to our clients, employees, communities, and shareholders alike. We strive to create an inclusive and diverse workplace, ensuring that all employees feel valued and supported. Our...

  • Lead Quantitative Financial Analyst

    2 weeks ago

    New York, New York, United States Consultative Search Group Full time

    Job OverviewA prominent professional services organization is seeking a Lead Quantitative Financial Analyst to enhance their innovative team. The successful candidate will utilize their expertise in transactional and financial modeling to play a crucial role in assisting the leadership of the Corporate Department's key practice areas, including Emerging...

  • Quantitative Analyst

    3 days ago

    New York, New York, United States New York Life Full time

    About the RoleWe are seeking a highly skilled Quantitative Analyst to join our Asset Liability Modeling team at New York Life. As a key member of our team, you will be responsible for building and maintaining our Asset Liability Modeling platform, partnering with sector specialists and investment accounting teams to expand our modeling capabilities, and...

  • Quantitative Analyst

    7 days ago

    New York, New York, United States Citigroup Inc Full time

    About the RoleCitigroup Inc. is seeking a highly skilled Quantitative Analyst to join its team in a dynamic and collaborative environment.Key ResponsibilitiesDevelop and implement advanced analytical models for pricing securities and risk management across various Fixed Income and Equity products.Design and develop optimization and calibration schemes in C++...

  • quantitative analyst

    2 months ago

    New York, New York, United States HSBC Full time

    Description Our purpose - Opening up a world of opportunity - explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We're bringing together the people, ideas and capital that nurture progress and growth, helping to create a better...

  • Senior Analyst for Quantitative Modeling and Risk Assessment

    2 weeks ago

    New York, New York, United States PNC Financial Services Group Full time

    Position Overview At PNC Financial Services Group, our workforce is our most significant asset and competitive edge in the financial sector. We are committed to providing the best experience for our clients and work collaboratively to nurture an inclusive workplace culture where every employee feels valued and empowered to contribute to the organization's...

  • Quantitative Analyst

    2 weeks ago

    New York, New York, United States MUFG Bank, Ltd. Full time

    Are you prepared to become part of a diverse and forward-thinking team at MUFG Bank, Ltd., one of the leading financial institutions worldwide? Our organization comprises 120,000 professionals committed to positively influencing our clients, communities, and the financial landscape.At MUFG, we strive to be the most trusted financial entity globally, focusing...

  • Lead Quantitative Analyst for Credit Risk

    2 weeks ago

    New York, New York, United States M&T Bank Full time

    Position Overview: Reporting to the Director of Credit Risk Modeling, this position is responsible for spearheading and overseeing a quantitative modeling team within the Commercial Credit domain. The primary focus is to address data, systems, and modeling requirements for Commercial Risk Rating models, including Scorecards and Behavioral models, essential...

  • Quantitative Risk Modeling Expert

    1 day ago

    New York, New York, United States eFinancialCareers Full time

    About the RoleWe are seeking a highly skilled Quantitative Risk Analyst to join our team at eFinancialCareers. As a key member of our risk management team, you will be responsible for developing and implementing advanced risk models, analyzing complex data sets, and providing strategic recommendations to senior management.Key ResponsibilitiesDesign and...

  • Equity Risk Quantitative Analyst

    2 weeks ago

    New York, New York, United States Selby Jennings Full time

    Join a Leading Multi-Strategy Hedge FundWe are seeking an experienced Equity Risk Quantitative Analyst to enhance our team. This role involves working on portfolio construction, risk management, and optimization, as well as developing risk factor models and conducting factor research for our fundamental equity investment teams.The team operates with a broad...

  • Quantitative Analyst

    2 weeks ago

    New York, New York, United States Next Ventures Full time

    Next Ventures is a leading consulting organization dedicated to delivering customized solutions for investment firms and financial service providers. We utilize state-of-the-art technology and sophisticated analytics to equip our clients with the insights necessary to thrive in the ever-evolving financial landscape.Position Overview:We are in search of a...