PNC · 4 hours ago
Quant Anl/Md Grp Mgr
United States
Full-time
Remote
Senior Level, Lead/Staff
$100K/yr - $262K/yr
10+ years exp
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Responsibilities
Perform qualitative and quantitative assessments of all aspects of models including data quality and integrity, theoretical assumptions and methodologies, and performance testing
Assess conceptual soundness and performance of models based on detailed model documentation and testing results
Perform independent testing of model assumptions
Use quantitative tools and techniques to measure and analyze model risks
Evaluate identified model risks and reach conclusions on strengths and limitations of the model
Conduct on-going communication with model stakeholders such as developers, owners and reviewers
Prepare detailed validation reports on quantitative models/tools for internal/external communications and/or regulatory compliance, using applicable templates
Act as subject area expert and provide oversight for the models within the assigned subject area(s)
Lead other validators in validation projects with guidance on the independent review of the models
Ensure 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 credit and counterparty risk management practices within the organization
Direct strategies, initiatives and activities associated with developing, testing, and/or validation of quantitative models used for important business decisions and policies
Ensure robust and comprehensive model review testing and analysis in accordance with all applicable review procedures and lifecycle standards
Establish strategies and direct the activities needed to develop new model frameworks in support of the line of business
Direct complex qualitative and quantitative assessments of all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity
Confirm the reviews of complex reports and associated quantitative analysis
Validate existing models and assess model risks
Lead in evaluating identified model risks and reach conclusions on strengths and limitations of the model
Ensure the preparation and analysis of detailed documents for validation and regulatory compliance
Direct, motivate, develop and manage the performance of the management team and key staff
Qualification
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Required
Master's or Ph.D. in a quantitative field such as Economics, Finance, Mathematics, or a related discipline with strong statistical and econometric training.
10+ years’ experience in financial and credit risk model development and/or validation within the financial services industry.
Knowledge of regulatory requirements related to credit risk models, including commercial credit loss forecasting, commercial credit management, and model risk management practices (OCC 11-12/FR11-7).
Strong communication skills, both written and verbal, with the ability to convey complex technical concepts to diverse stakeholders.
Hands-on experience in programming languages such as Python, R, SAS, and SQL.
Roles at this level typically require a university / college degree.
Higher level education such as a Masters degree, PhD, or certifications is desirable.
Industry-relevant experience is typically 8+ years.
At least 5 years of prior management experience is typically required.
Proven leadership experience with a moderate to large scope of responsibility is required.
Preferred
Analytical Thinking
Credit Risks
Data Analytics
Financial Analysis
Model Development
Operational Risks
Quantitative Models
Risk Appetite
Bank Quantitative Analysis
Consulting
Data Gathering and Reporting
Predictive Analytics
Quantitative Techniques
Regulatory Environment - Financial Services
Testing
Benefits
Medical/prescription drug coverage (with a Health Savings Account feature)
Dental and vision options
Employee and spouse/child life insurance
Short and long-term disability protection
401(k) with PNC match
Pension and stock purchase plans
Dependent care reimbursement account
Back-up child/elder care
Adoption, surrogacy, and doula reimbursement
Educational assistance, including select programs fully paid
A robust wellness program with financial incentives
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
Company
PNC
PNC is a financial service company providing bank deposits products and services to its community.
10,001+ employees
H1B Sponsorship
PNC has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2023 (2)
2022 (4)
2021 (3)
2020 (7)
Funding
Current Stage
Public CompanyTotal Funding
unknown1975-11-17IPO· undefined
Leadership Team
William Demchak
CEO, President and Director
Keith Hayes
Senior Vice President , PNC Aviation Finance
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