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

PNC • Tysons, VA

1d • $103,500 - $172,500 • Onsite

About The Position

As a Quantitative Analytics & Model Analyst Senior within PNC's Model Risk Management organization, 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. PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.

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.
• Bachelors degree (in lieu of degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered).
• 3+ years of relevant / direct industry experience.

Nice To Haves

• Analytical Thinking
• Credit Risks
• Data Analytics
• Financial Analysis
• Model Development
• Operational Risks
• Quantitative Models
• Risk Appetite
• Bank Quantitative Analysis
• Consulting
• Data Gathering and Reporting
• Effective Communications
• Predictive Analytics
• Quantitative Techniques
• Regulatory Environment - Financial Services
• Testing

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 on-going 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, 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.
• Works with larger, more complex datasets to create models.
• Performs quantitative analysis and develops complex reports.
• Analyzes complex data and associated quantitative analysis.
• Makes recommendations based on findings from data analytics.
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior