Senior Quantitative Model Development Manager- Credit Risk

Truist Financial • Atlanta, GA

85d

About The Position

Manage a team of quantitative analysts focused on model development efforts specific to retail credit risk estimation methodologies. Responsible for the end-to-end development life cycle of quantitative models related to the company's management and mitigation of risk. Ensures that model risks are properly identified and managed. Partners across the firm including Risk Functions and lines of businesses to evaluate and improve models continually. Areas of model development include credit risk ratings and managing vended model risk. This position may also lead 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.
• Seven+ years of model development experience using SAS or other applicable model development software/programming tools.
• Management ability: Ability to manage projects and teams to successful outcomes.
• 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.

Nice To Haves

• Master's degree/PhD.
• Relevant professional designation(s).
• Experience in risk management.
• Knowledge/experience of best practices and current regulatory environment and associated expectations within the financial services industry.

Responsibilities

• Manage team specific to all aspects of the model development life cycle.
• Actively participate in the model development lifecycle.
• Ensure model development projects and processes comply with Truist requirements for model risk management and other policy requirements.
• Provide 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.
• Serve as core point of contact to address model questions within the firm as needed.
• Identify, recruit, maintain, and manage quantitative talent.

Benefits

• Medical, dental, vision, life insurance.
• Disability, accidental death and dismemberment insurance.
• Tax-preferred savings accounts.
• 401k plan.
• At least 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Master's degree
• Number of Employees: 5,001-10,000 employees