Senior Quantitative Risk Analyst
2 weeks ago
The role outlined below is essential for our operations.
Upon expressing interest, candidates will be prompted to establish a profile, allowing them to monitor their application progress and communications.
For those with an existing profile, logging in will provide access to application status.Assistance for Applicants:
If you require support due to a disability, please reach out for reasonable accommodations. Note that only accommodation requests will receive a response.
Employment Type:
Regular
Language Requirement:
Fluency in English is mandatory.
Work Schedule:
1st shift (United States of America)
Job Responsibilities:
Lead the development of quantitative models focusing on finance and risk assessment methodologies.
You will be accountable for various stages of the model development life cycle related to the management and mitigation of risk.
It is crucial to ensure that risks associated with the models are accurately identified and addressed. Collaborate with different departments, including Risk Functions and business lines, to continuously evaluate and enhance the assigned models. Key areas of focus include market, commercial, retail, credit, financial crimes, CCAR, CECL, finance, and compliance risk. This position may also involve leading periodic reviews and addressing validation findings post-deployment.Key Duties:
Below is a summary of essential functions for this role. Additional tasks may be assigned as necessary.
1. Oversee the majority of the model development life cycle, which encompasses:
- Data acquisition
- Evaluating data integrity
- Model creation
- Documentation
- Implementation support
- Addressing assurance provider issues related to the model.
2. Develop, maintain, and supervise monitoring, performance reporting, and change management processes. Collaborate with stakeholders to ensure models meet business objectives.
3. Ensure compliance of model development projects with Truist's model risk management policies and other regulatory requirements.
4. Mentor and train team members to enhance model development skills in techniques, processes, and business knowledge.
Advocate for user comprehension and acceptance of models and associated analytics through effective communication, including presentations to stakeholders and oversight groups.
5. Serve as the primary contact for model-related inquiries within the organization, including interactions with assurance providers.
Support regulatory reviews and respond to requests as needed.6. Assist in identifying, recruiting, and retaining quantitative talent.
Qualifications:
Required:
- A minimum of ten years of relevant experience in best practices or equivalent financial industry experience in developing, documenting, implementing, or validating quantitative models, with a focus on a specific financial domain.
- At least seven years of model development experience utilizing SAS or similar programming tools.
- Proficient English communication skills, both written and verbal.
- Ability to simplify complex mathematical concepts into actionable insights.
- Strong work ethic with a commitment to ongoing personal and professional development.
Organizational Skills:
Ability to effectively manage competing organizational priorities.
Problem-Solving Skills:
Demonstrated strong problem-solving abilities.
Education:
Advanced degree or equivalent experience in Statistics, Econometrics, Operations Research, Actuarial Science, Applied Mathematics, or other quantitative disciplines.
Preferred:
- Master’s degree or PhD.
- Experience with market risk and pricing models.
- Relevant professional certifications.
- Background in risk management.
- Knowledge of best practices and current regulatory expectations within the financial services sector.
Benefits Overview:
All regular employees (not temporary or contingent) working 20 hours or more per week are eligible for benefits, with specific eligibility determined by the division offering the position.
Truist provides a comprehensive benefits package, including medical, dental, vision, life insurance, disability coverage, tax-advantaged savings accounts, and a 401k plan.
Employees are entitled to a minimum of 10 days of vacation and 10 sick days annually, along with paid holidays.
For further details on Truist's benefits, please refer to our Benefits site.Truist is committed to fostering a diverse workforce and is an Equal Opportunity Employer, ensuring no discrimination based on race, gender, religion, citizenship, age, sexual orientation, disability, veteran status, or any other protected classification. Truist maintains a Drug-Free Workplace policy.
EEO is the Law. Pay Transparency Nondiscrimination Provision.
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