Quantitative Model Development Officer I- Fraud

Truist Bank•Charlotte, NC

6d•Onsite

About The Position

Lead model development and documentation efforts specific to fraud and identity verification risk models. Responsible for all or part of the development life cycle of assigned quantitative models related to the company's management and mitigation of fraud risk; both internally developed and vended. Ensures that risks of assigned models are properly identified and managed. Partners across the firm including Risk Functions and lines of businesses to evaluate and improve assigned models continually. This position also leads periodic model review and validation finding mitigation following deployment.

Requirements

Ten years of relevant experience in best practices, or equivalent financial industry experience developing, documenting, implementing, or validating quantitative models with concentration in a particular financial domain
Seven+ years of model development experience using SAS or other applicable model development software/programming tools
Strong English communication skills, both written and verbal
Ability to distill complex mathematical concepts into actionable results
Strong work ethic; promote and conduct continued development of personal and associate knowledge base and technical skills
Organization skills: Ability to communicate and manage competing organizational priorities effectively
Problem solving skills: Strong problem solving skills
Advanced degree or equivalent experience in Statistics, Econometrics, Operations Research, Actuarial Science, Applied Mathematics, or other applied quantitative science, or equivalent education and related training

Nice To Haves

Master's degree/PhD
Experience using Python for model development
Experience in fraud and/or identity verification model development
Experience in model risk management

Responsibilities

Conduct/own most aspects of the model development life cycle. The model development life cycle includes data acquisition, assessing data integrity, model development, documentation, implementation assistance and assisting with closing assurance provider issue related to the model.
Develop, maintain and supervise monitoring, performance reporting, and change-management processes. Work with stakeholders to ensure models fulfill the business objectives set for them.
Ensure model development projects and processes comply with Truist requirements for model risk management and other policy requirements.
Assist with mentoring and training to accelerate model development in areas of techniques, process and business knowledge.
Advocate towards user understanding and acceptance of models and associate analytics, including written and verbal presentations to model users, stakeholders, managers and oversight groups.
Serve as core point of contact to address model questions within the firm as needed, including assurance providers (e.g., Corporate Model Risk Management, Corporate Audit, and regulators). Support regulatory examinations and address respective requests.
Assist with identifying, recruiting, and maintaining, quantitative talent.
May supervise a small staff performing model development life cycle duties.