PNC-posted 6 months ago
$55,000 - $157,300/Yr
Full-time • Mid Level
Pittsburgh, PA
Credit Intermediation and Related Activities

At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company's success. As a Quantitative Analytics/Modeling Consultant within PNC's Model Risk Management organization, you will be based in Pittsburgh, PA or Tysons Corner, VA. This position is primarily based in a PNC location. Responsibilities require time in the office or in the field on a regular basis. Some responsibilities may be performed remotely, at manager's discretion. We are seeking an experienced model validator to be part of our Model Risk Management team at PNC. The position reports to a validation manager in Commercial Credit and Financial Valuation Models and is part of the Independent Risk Management organization. This role involves performing rigorous independent reviews on some of PNC's most important models including C&I, CRE and retail commercial loss forecasting models, risk rating models, as well as financial valuation and investment models. This role also participates at and provide individual and aggregate model risk assessment in various model working groups and forums.

  • Independently performs advanced quantitative analyses and model development to drive decision-making by running quantitative strategies.
  • Makes recommendations based on analyses.
  • Analyzes and develops new model frameworks by supporting the line of business.
  • Refines, monitors, and reviews existing models.
  • Conducts on-going communication with model owners and model developers during the course of the review.
  • Works with larger, more complex datasets to create models.
  • Performs quantitative analysis and develops complex reports.
  • Performs qualitative and quantitative assessments of all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity.
  • Analyzes complex data and associated quantitative analysis.
  • Makes recommendations based on findings from data analytics.
  • Uses quantitative tools and techniques to measure and analyze model risks and reaches conclusions on strengths and limitations of the model.
  • Prepares and analyzes detailed documents for validation and regulatory compliance, using applicable templates.
  • 3+ years of relevant / direct industry experience.
  • University / college degree or a comparable combination of education, job specific certification(s), and experience (including military service).
  • Analytical Thinking
  • Credit Risks
  • Data Analytics
  • Financial Analysis
  • Model Development
  • Operational Risks
  • Quantitative Models
  • Risk Appetite
  • 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
  • Paid time off including maternity and/or parental leave, up to 11 paid holidays each year, 8 occasional absence days each year, and between 15 to 25 vacation days each year depending on career level and years of service.
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