Quantitative Analytics and Model Consultant - Anti Money Laundering (AML) and Fraud Model Validation

PNC • Tysons, VA

81d • $78,000 - $165,600

About The Position

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, Tysons Corner, VA or New York City. This position is primarily based in a PNC location. As a model validator you will perform rigorous independent reviews of PNC’s models including fraud models, anti-money laundering models, as well as various types of machine-learning models.

Requirements

• Master's degree or higher in a quantitative field such as Statistics, Finance, Economics, Operations Research, or Mathematics.
• Experience developing models or validating models within the financial services industry or academic setting.
• Strong English communication skills, both written and verbal.
• Hands-on experience with SQL, SAS, Python, or R.

Nice To Haves

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

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 ongoing 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.

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
• Paid maternity and/or parental leave
• Up to 11 paid holidays each year
• 8 occasional absence days each year
• Between 15 to 25 vacation days each year, depending on career level and years of service

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Master's degree
• Number of Employees: 5,001-10,000 employees