Quantitative Analytics & Model Analyst Senior - Anti Money Laundering & Fraud Model Validation

PNC Bank•Tysons Corner, VA

15h•$103,500 - $172,500•Onsite

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 & Model Analyst Senior within PNC's Model Risk Management organization, you will be based in Tysons Corner, VA. 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 is required.
Strong English communication skills, both written and verbal, with the ability to convey complex technical concepts to diverse stakeholders.
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; Specific duties include: (i) assess conceptual soundness and performance of models based on detailed model documentation and testing results (ii) perform independent testing of model assumptions (iii) use quantitative tools and techniques to measure and analyze model risks; (iv) evaluate identified model risks and reach conclusions on strengths and limitations of the model; (v) conduct on-going communication with model stakeholders such as developers, owners and reviewers; and (vi) prepare detailed validation reports on quantitative models/tools for internal/external communications and/or regulatory compliance, using applicable templates.
Establish effective relationships with key stakeholders, including model owners and model developers.
Communicate validation results and insights clearly and concisely to both technical and non-technical audiences, including regulatory staff members.
Collaborate within the Model Risk Management team to enhance validation processes and contribute to the continual improvement of market and counterparty risk management practices within the organization.
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.

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