Audit Manager - Quant

Truist Bank • Atlanta, GA

5d

About The Position

The Quantitative Audit Manager (QAM) delivers complex technical audit assessments to identify and mitigate risks associated with financial and non-financial models and other quantitative tools used across Truist. The role leads technical model validation reviews, assessing model methodology, implementation, fit for use, and other model components in light of their intended use and audit scope. The manager also coaches junior team members and provides technical insights and constructive feedback.

Working with more experienced Model Quantitative Auditors, the QAM maintains relationships with Model Risk Management, Model Development, and Model Owners across the first and second lines of defense. The role contributes to improvements in Truist’s model risk management systems and processes, develops expertise in complex modeling and auditing practices, and collaborates with audit delivery teams as a subject matter expert. The QAM also helps assess adherence to SR 11-7 regulatory guidance on model risk governance and oversight.

Requirements

• Master’s degree in Mathematics, Statistics, Data Science, Engineering, Computer Science, or formal post-undergraduate certification focused on Quantitative or Financial Analytics.
• At least 6 years of technical model experience, such as on a model validation team, model development team, or equivalent technical review team in Audit.
• Demonstrated proficiency with one or more financial modeling methodologies, including knowledge of statistical and algorithmic methods applied in financial modeling.
• Ability to work independently without supervision.
• Strong knowledge of programming languages such as R, Python, or C++.
• Strong knowledge of one or more database management tools such as SAS and/or SQL.
• Strong analytical, facilitation, interpersonal, and decision-making skills.
• Strong written, oral, and negotiating skills, including the ability to present findings and articulate and defend conclusions to senior Audit and/or line-of-business management.
• Strong proficiency with standard software applications such as MS Office.
• English language fluency.

Nice To Haves

• Ph.D. in Mathematics, Statistics, Data Science, Engineering, Computer Science, or another relevant discipline.
• Technical model experience with a large bank.
• General auditing skills.
• Broad understanding of finance and accounting concepts and the banking and financial services industry.

Responsibilities

• Lead full-scope or targeted technical model validation assessments conducted by the Truist Model Risk Management Technical Review Team.
• Review validations to ensure TAS concurs with conclusions made by Truist’s Model Risk Management Team.
• Assess model methodology, implementation, fit for use, and other model components according to expected model use and audit scope.
• Maintain relationships with Model Risk Management, Model Development, and Model Owners throughout the first and second lines of defense, in coordination with more experienced Model Quantitative Auditors.
• Recommend improvements to model risk management systems and processes.
• Maintain knowledge of the organization, operations, policies, and procedures related to model use and management.
• Provide management feedback on new model systems and related processes, and changes to existing model systems, standards, and procedures.
• Develop and maintain expertise in complex modeling concepts, auditing concepts, and risk management practices; pursue continuing education and relevant professional certifications as appropriate.
• Collaborate with audit delivery teams and provide subject matter expertise on models used by related lines of business.
• Assist audit delivery teams in evaluating Truist’s adherence to SR 11-7 guidance on model risk governance and oversight.
• Lead, train, coach, and mentor junior team members.
• Present findings and articulate and defend conclusions to senior Audit and/or line-of-business management.

Benefits

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

What This Job Offers

• Job Type: Full-time
• Career Level: Manager