Quantitative Model Validation Specialist

4 days ago


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

We are seeking a highly skilled Quantitative Model Validation Officer I to join our team at Truist Inc. As a key member of our model risk management team, you will be responsible for performing advanced level model validation and quantitative analysis to ensure the accuracy and reliability of our financial models.

Key Responsibilities
  • Perform model validations spanning credit risk, market risk, and capital planning domains to assess fit for purpose, conceptual soundness, mathematical theory and construct, assumptions, data/assumptions, and output reasonableness.
  • Work with Senior Model Validation Officer on more complex model validation findings and remediation.
  • Evaluate other model controls such as model performance tracking, change management, access control, and documentation.
  • Evaluation of validation findings remediation activity including analytical evaluation of residual risk.
  • Document validation effort in the form of a written report.
  • Directly support and assist in the duties of the Senior Model Validation Officer.
Requirements
  • Master's degree in a quantitative discipline or equivalent education and related training.
  • Basic computer programming skills (Python, MatLab, SAS, VBA, etc.).
  • Excellent communication (verbal and written), organizational and interpersonal skills.
  • High attention to detail and ability to think at the organizational level.
Preferred Qualifications
  • Ph.D. in quantitative finance, mathematics, statistics or a related field.
  • One or more of CFA/PRM/FRM professional designation.
  • Advanced competency programming in languages such as Java, C++, TensorFlow, SAS etc.
  • Exposure to one or more financial modeling disciplines such as credit score modeling, asset-liability management, stress testing, term structure modeling, fraud detection, value-at-risk, capital planning models, loan loss reserve (CECL) modeling, etc.
About Truist Inc

Truist Inc is a leading financial institution committed to delivering exceptional service and innovative solutions to our customers. We are an equal opportunity employer and welcome applications from diverse candidates.


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