Quantitative Analytics & Model Consultant - Loss Forecasting

PNC•Tysons, VA

1d•$91,000 - $202,800•Onsite

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.

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.
University / college degree, with 5+ years of industry-relevant experience.
Bachelors degree.

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