Senior Quantitative Model Development Manager- Credit Risk

Truist Financial • Charlotte, NC

86d

About The Position

The Senior Quantitative Model Development Manager for Credit Risk will manage a team of quantitative analysts focused on model development efforts specific to retail credit risk estimation methodologies. This role is responsible for the end-to-end development life cycle of quantitative models related to the company's management and mitigation of risk. The manager ensures that model risks are properly identified and managed, partnering 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 with concentration in a particular financial domain.
• 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, or equivalent education and related training.

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, including data acquisition, assessing data integrity, model development, documentation, implementation assistance, and closing assurance provider issues related to the model.
• Actively participate in the model development lifecycle, developing, maintaining, and supervising monitoring, performance reporting, and change-management processes.
• 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, including written and verbal presentations to model users, stakeholders, managers, and oversight groups.
• Serve as core point of contact to address model questions within the firm, including assurance providers and support regulatory examinations.
• Identify, recruit, maintain, and manage quantitative talent; delegate effectively to resolve organizational requirements.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Master's degree