Quantitative Analytics and Model Consultant - Credit - Pittsburgh, PA
About The Position
As a Quantitative Analytics and Model Consultant within PNC's Model Risk Management organization, you will perform rigorous independent reviews of PNC’s models including loss forecasting models, stress testing models, scoring models, and other models estimated in various ways including machine-learning models. You will also write reports and memos and become a lead author and owner of various model reviews. PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.
Requirements
- Experience developing models or validating applied models within the financial services industry, government, or academic setting is preferred.
- Strong English communication skills, both written and verbal, with the ability to convey complex technical concepts to diverse stakeholders.
- Hands-on experience with model testing and estimation tools in Python, R, SQL, SAS, etc.
- Experience with credit scoring and originations a plus.
- University / college degree, with 5+ years of industry-relevant experience.
- In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
Nice To Haves
- Analytical Thinking
- Credit Risks
- Data Analytics
- Financial Analysis
- Model Development
- Operational Risks
- Quantitative Models
- Risk Appetite
Responsibilities
- Performs complex quantitative analyses and models development to support decision-making by running quantitative strategies.
- Develops new model frameworks by supporting the line of business.
- Refines, monitors, and validates existing models.
- Conducts on-going communication with model owners and model developers during the course of the review.
- Works with large data to create models.
- Performs advanced qualitative and quantitative assessments on all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity.
- Reviews reports and associated quantitative analysis.
- Validates existing models and assesses model risks.
- Evaluates identified 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.
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
- maternity and/or parental leave
- up to 11 paid holidays each year
- 9 occasional absence days each year, unless otherwise required by law
- between 15 to 25 vacation days each year, depending on career level; and years of service
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What This Job Offers
Job Type
Full-time
Career Level
Senior
