Quantitative Model Development Officer

🔥 25 minutes ago

🌲 North Carolina – Remote

🌲 North Carolina – Remote

⏰ Full Time

🟠 Senior

🔴 Lead

🦅 H1B Visa Sponsor

This company has sponsored H1B visas in the past.

👻 Ghost score 10%

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Truist

WebsiteLinkedInAll Job Openings

10,000+ employees

Founded 2019

🏦 Banking

💸 Finance

🤝 B2B

Banking • Finance • B2B

Truist is a financial institution that offers a wide range of banking services, focusing on branch banking, commercial banking, corporate and institutional banking, and mortgage and consumer lending. The company emphasizes a culture of care, diversity, and inclusion, striving to make a positive impact in clients' lives and the community. Truist provides various career opportunities and values employee growth, offering comprehensive benefits and resources for well-being. With a commitment to diversity and workplace equity, Truist has received numerous accolades for its employment practices, including recognition for diversity and inclusion efforts.

📋 Description

• Lead model development efforts for finance and risk measurement estimation methodologies • Conduct or own most aspects of the quantitative model development life cycle, including data acquisition, data integrity assessment, model development, documentation, implementation assistance, and closing assurance provider issues • Develop, maintain, and supervise monitoring, performance reporting, and change-management processes • Work with stakeholders to ensure models fulfill business objectives • Ensure model development projects and processes comply with Truist model risk management and policy requirements • Assist with mentoring and training in techniques, processes, and business knowledge • Advocate for user understanding and acceptance of models and associated analytics through written and verbal presentations • Serve as a point of contact for model questions across the firm, including Corporate Model Risk Management, Corporate Audit, and regulators • Support regulatory examinations and address related requests • Assist with identifying, recruiting, and maintaining quantitative talent • May supervise a small staff performing model development life cycle duties • Partner across the firm with Risk Functions and lines of business to continually evaluate and improve assigned models • May lead periodic model review and validation finding mitigation after deployment

🎯 Requirements

• Ten years of relevant experience in best practices, or equivalent financial industry experience developing, documenting, implementing, or validating quantitative models with concentration in a particular financial domain • Seven+ years of model development experience using SAS or other applicable model development software/programming tools • Strong English communication skills, both written and verbal • Ability to distill complex mathematical concepts into actionable results • Strong work ethic and continued development of personal and associate knowledge base and technical skills • Ability to communicate and manage competing organizational priorities effectively • Strong problem solving skills • Advanced degree or equivalent experience in Statistics, Econometrics, Operations Research, Actuarial Science, Applied Mathematics, or other applied quantitative science, or equivalent education and related training • Master's degree/PhD (preferred) • Relevant professional designation(s) (preferred) • Experience in risk management (preferred) • Knowledge/experience of best practices and current regulatory environment and associated expectations within the financial services industry (preferred)

🏖️ Benefits

• Medical insurance • Dental insurance • Vision insurance • Life insurance • Disability insurance • Accidental death and dismemberment coverage • Tax-preferred savings accounts • 401k plan • At least 10 days of vacation during the first year of employment, prorated based on date of hire and full-time or part-time status • 10 sick days, prorated • Paid holidays • Defined benefit pension plan (depending on position and division) • Restricted stock units (depending on position and division) • Deferred compensation plan (depending on position and division)

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