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PNC · 1 month ago

Quantitative Analytics and Model Group Manager

NY - New York

Full-time

Onsite

Director/Executive

$100K/yr - $262K/yr

8+ years exp

PNC is a leading financial services company dedicated to providing an inclusive workplace culture. The Quantitative Analytics and Model Group Manager will oversee model validation processes, manage a small team, and ensure compliance with model risk management frameworks.

BankingFinanceFinancial Services

No H1B

Responsibilities

Perform qualitative and quantitative assessments of all aspects of models including data quality and integrity, theoretical assumptions and methodologies, and performance testing; Specific duties include: (i) assess conceptual soundness and performance of models based on detailed model documentation and testing results (ii) perform independent testing of model assumptions (iii) use quantitative tools and techniques to measure and analyze model risks; (iv) evaluate identified model risks and reach conclusions on strengths and limitations of the model; (v) conduct on-going communication with model stakeholders such as developers, owners and reviewers; and (vi) prepare detailed validation reports on quantitative models/tools for internal/external communications and/or regulatory compliance, using applicable templates

Provide expert oversight for the models within the assigned subject area(s), providing validators with guidance on the independent review of the models and ensuring that validation work is performed in accordance with the model risk management framework

Establish effective relationships with key stakeholders, including model owners and model developers. Communicate validation results and insights clearly and concisely to both technical and non-technical audiences, including regulatory staff members. Collaborate within the Model Risk Management team to enhance validation processes and contribute to the continual improvement of market and counterparty risk management practices within the organization

Directs strategies, initiatives and activities associated with developing, testing, and/or validation of quantitative models used for important business decisions and policies. Responsible for ensuring robust and comprehensive model review testing and analysis in accordance with all applicable review procedures and lifecycle standards

Establishes strategies and directs the activities needed to develop new model frameworks in support of the line of business

Directs complex qualitative and quantitative assessments of all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity. Confirms the reviews of complex reports and associated quantitative analysis. Validates existing models and assesses model risks

Leads in evaluating identified model risks and reaches conclusions on strengths and limitations of the model. Ensures the preparation and analysis of detailed documents for validation and regulatory compliance

Directs, motivates, develops and manages the performance of the management team and key staff

Qualification

Model ValidationQuantitative AnalysisRisk ManagementData AnalyticsFinancial AnalysisModel DevelopmentAnalytical ThinkingCredit RisksOperational RisksStakeholder CommunicationTeam Management