Senior Quantitative Model Development Analyst- Fraud

Truist•Charlotte, NC

2d•Onsite

About The Position

Responsible for model development activities associated with internally developed and vendor developed statistical and machine learning fraud models. Assess and mitigate model risk while partnering with model stakeholders to ensure all details of fraud models are properly documented, tested, and evidenced. Participate in model reviews, analysis of model performance, development of models and ongoing monitoring plans, ongoing monitoring evaluations, and validation responses related to fraud models.

Requirements

Two or more years of relevant experience in best practices, or equivalent financial industry experience developing, documenting, implementing, or validating quantitative models 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
Education: 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 in a quantitative field
Fraud model development experience
Experience working with model risk management
Experience with Python or R
Relevant professional designation(s)
Experience in risk management
Knowledge/experience of current best practices in fraud model risk management or fraud management

Responsibilities

Conduct specific 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.
Evaluate, develop and maintain monitoring, performance reporting, and change-management processes. Work with stakeholders to ensure models fulfill the business objectives set for them.
Ensure assigned parts of model development projects and processes comply with Truist requirements for model risk management and other policy requirements.
Request or assist with mentoring and training to accelerate model development in areas of techniques, process and business knowledge.
Assist with user understanding and acceptance of models and associate analytics, including written and verbal presentations to model users, stakeholders, managers and oversight groups.
Address model questions from partners within the firm as needed, including assurance providers.
Assist with identifying, recruiting, and maintaining, quantitative talent.