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PNC

posted 3 months ago

Full-time - Senior
Remote
Credit Intermediation and Related Activities

About the position

As a Model Validation Expert at PNC, you will play a critical role in the Independent Risk Management organization, focusing on the rigorous independent review and oversight of key financial models. This position involves assessing model performance, ensuring compliance with regulatory standards, and collaborating with stakeholders to enhance model risk management practices. You will report to the Senior Validation Manager and contribute to the governance of credit reserve and model strategy discussions.

Responsibilities

  • Perform qualitative and quantitative assessments of models including data quality, theoretical assumptions, and performance testing.
  • Conduct independent testing of model assumptions and use quantitative tools to analyze model risks.
  • Prepare detailed validation reports for internal and external communications and regulatory compliance.
  • Lead validation projects and provide guidance to other validators in accordance with the model risk management framework.
  • Establish effective relationships with key stakeholders and communicate validation results clearly to diverse audiences.

Requirements

  • Master's or Ph.D. in a quantitative field such as Economics, Finance, Mathematics, or a related discipline.
  • 10+ years of 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 and model risk management practices.
  • Strong communication skills, both written and verbal, to convey complex technical concepts.
  • Hands-on experience in programming languages such as Python, R, SAS, and SQL.

Nice-to-haves

  • Analytical Thinking
  • Credit Risks
  • Data Analytics
  • Financial Analysis
  • Model Development
  • Operational Risks
  • Quantitative Models
  • Risk Appetite

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
  • Robust wellness program with financial incentives
  • Paid maternity and/or parental leave
  • Up to 11 paid holidays each year
  • 8 occasional absence days each year
  • 15 to 25 vacation days each year depending on career level and years of service
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