Quantitative Model Validation Officer

Truist • Atlanta, GA

1d • Hybrid

About The Position

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. 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. 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.

Requirements

• Must have a Master’s degree in Statistics, Operations Research, Financial Engineering, Industrial Engineering or related quantitative field.
• Must have 1 year of experience in quantitative or data analytics/ data engineering positions performing/utilizing the following: Stress testing to evaluate client companies’ financial well being.
• Performing model development and/or validation, including Credit Score models using factors, including payment history, length of credit history, and debt
• Statistic methodology: Monte Carlo simulation, Hypothesis testing, Sampling
• Data analysis tools: scikit-learn, pandas, and numpy
• Creating documentation and data dictionaries to support end-users.
• Utilizing experience with: Python, MatLab, Java, SQL
• Using financial software/platforms, including: QRM, RiskMetrics, Imagine and Bloomberg.
• Applicants must be able to work onsite at Truist offices in Atlanta, GA at least 4 days per week.

Responsibilities

• Perform advanced level model validation for the corporation.
• Evaluate other model controls such as model performance tracking, change management, access control, and documentation.
• Evaluate 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.

Benefits

• 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