Quantitative Model Validation Officer III- Loss Forecasting

Truist Financial-posted 2 months ago

Full-time • Senior

Atlanta, GA

5,001-10,000 employees

Credit Intermediation and Related Activities

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Under the general supervision of the Senior Model Validation Officer, 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.

High performing individual who demonstrates the ability to perform model validations at an accelerated pace without sacrificing quality.
Self-starter who solves problems with little to no guidance; brings solutions to the table otherwise.
Independently perform model validations spanning multiple domains (e.g., credit risk, market risk, capital planning) to assess fit for purpose, conceptual soundness, mathematical theory and construct, assumptions, data/assumptions, and output reasonableness.
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 all work product in a thorough and concise manner with minimal review edits needed.
Serve as a consultant on model related projects, performing advanced quantitative analysis on models in development or models undergoing enhancements/rebuilds.
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.
Serve as a resource for the corporation in all model risk management initiatives, including assisting the business units with the Model Risk Management policy, procedures, and training materials.

Master's degree in a quantitative discipline or equivalent education and related training.
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.
7+ years of model validation, model development, or similar work experience.

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 Java, C++, TensorFlow, SAS etc.
A strong grasp of one or more financial modeling disciplines such as credit score modeling, asset-liability management, stress testing, term structure modeling, fraud detection, value-at-risk, capital planning models, loan loss reserve (CECL) modeling, etc.

Medical, dental, vision, life insurance, disability, accidental death and dismemberment.
Tax-preferred savings accounts.
401k plan.
No less than 10 days of vacation during the first year of employment.
10 sick days.
Paid holidays.
Defined benefit pension plan, restricted stock units, and/or a deferred compensation plan may be available.

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