Quantitative Analytics & Model Development Analyst - Data, Modeling & Analytics

PNC Bank•Pittsburgh, PA

4d•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 Development Analyst within PNC's Line of Business Model Risk organization, you will be based in Pittsburgh, PA, Cleveland, OH, Tysons Corner, VA or Washington DC. Role Overview: The Model Risk Operations Team (Ops Team) supports all teams in Model risk and Model management related activities across the enterprise and collaborates with members from the modeling community and partners in the Second Line of Defense. The team manages daily operations and develops strategies to improve efficiency and risk observance. Its core functions include: Process and Model Standards Management, Model Inventory Management, and Findings & Issues, and Escalations Management.

Requirements

University / college degree, with 2+ years of relevant professional experience. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
Bachelors degree
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

Nice To Haves

Model Risk Management
Risk and Controls
Regulatory & Policy understanding
Compliance
Audit
Process operations
Strong communication skills
Financial services preferred

Responsibilities

Performs advanced quantitative analyses and models development to support decision-making by running quantitative strategies.
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 large data to create models.
Performs quantitative analysis and develops 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.
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