Quantitative Model Development Officer II- Retail Loss Forecasting

Truist Financial - Charlotte, NC

Part-time,Full-time - Mid Level

Charlotte, NC

Credit Intermediation and Related Activities

About the position

The Quantitative Model Development Officer II for Retail Loss Forecasting at Truist is responsible for leading the development of quantitative models that estimate finance and risk measurement methodologies. This role involves managing the entire model development life cycle, ensuring compliance with risk management policies, and collaborating with various stakeholders to enhance model performance and acceptance. The officer will also mentor team members and serve as a key contact for model-related inquiries within the organization.

Responsibilities

• Lead model development efforts specific to finance and risk measurement estimation methodologies.
• Conduct/own most aspects of the model development life cycle, including data acquisition, assessing data integrity, model development, documentation, and implementation assistance.
• Develop, maintain, and supervise monitoring, performance reporting, and change-management processes.
• Ensure model development projects comply with Truist requirements for model risk management and other policy requirements.
• Assist with mentoring and training to accelerate model development in techniques, process, and business knowledge.
• Advocate for user understanding and acceptance of models through presentations to stakeholders and oversight groups.
• Serve as the core point of contact for model questions within the firm, supporting regulatory examinations and addressing requests.
• Assist with identifying, recruiting, and maintaining quantitative talent.

Requirements

• Ten years of relevant experience in developing, documenting, implementing, or validating quantitative models in the financial industry.
• Seven+ years of model development experience 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 and commitment to personal and associate development.
• Excellent organizational skills to manage competing priorities effectively.
• Strong problem-solving skills.
• 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 within the financial services industry.

Benefits

• Medical, dental, and vision insurance
• Life insurance
• Disability insurance
• Accidental death and dismemberment insurance
• Tax-preferred savings accounts
• 401k plan
• Vacation days (minimum of 10 days)
• Sick days (minimum of 10 days)
• Paid holidays
• Defined benefit pension plan (depending on position)
• Restricted stock units (depending on position)
• Deferred compensation plan (depending on position)