Quantitative Model Validation Officer II

Truist • Atlanta, GA

20h

About The Position

Perform advanced level model validation for the corporation. Focus primarily on model validation and quantitative analysis, but also evaluate other model controls and serve as a resource for the corporation in all model risk management related tasks. Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

Requirements

• Master's degree in a quantitative discipline or equivalent education and related training.
• Three+ years of model validation, model development, or similar work experience.
• Basic computer programming skills (Python, MatLab, SAS, VBA, etc.).
• Excellent communication (verbal and written), organizational and interpersonal skills.
• High attention to detail and ability to think at the organizational level.

Nice To Haves

• Ph.D. in quantitative finance, mathematics, statistics, or a related field.
• One or more of CFA/PRM/FRM professional designation.
• Advanced competency programming in languages such as Python, Java, C++, TensorFlow, SAS etc.
• Exposure to one or more financial modeling disciplines such as credit score modeling, asset-liability management, stress testing, term structure modeling, derivatives pricing, fraud detection, value-at-risk, capital planning models, loan loss reserve (CECL) modeling, etc.

Responsibilities

• Independently perform model validations spanning credit risk, market risk, and capital planning domains to assess fit for purpose, conceptual soundness, mathematical theory and construct, assumptions, data/assumptions, and output reasonableness according to Truist Model Risk Management policy and procedures.
• Evaluate other model controls such as model performance tracking, change management, access control, and documentation.
• Evaluation of validation findings remediation activity including analytical evaluation of residual risk.
• Document validation effort in the form of a written report.
• Directly support and assist in the duties of the Senior Model Validation Officer.
• Work effectively as a team member, assisting the Senior Model Validation Officer, external consultants and/or other analysts in model validation or other model risk management tasks.
• Document all work product in a thorough and concise manner with minimal review edits needed.

Benefits

• All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.
• Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates.
• Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.
• Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees