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Truist Bank
Atlanta, GA | Full Time
$76k-97k (estimate)
2 Months Ago
Quantitative Model Development Officer
Truist Bank Atlanta, GA
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$76k-97k (estimate)
Full Time | Banking 2 Months Ago
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Truist Bank is Hiring a Quantitative Model Development Officer Near Atlanta, GA

The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.

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Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

  • Lead model development efforts specific to finance and risk measurement estimation methodologies.
  • Responsible for all or parts of the development life cycle of assigned quantitative models related to the company's management and mitigation of risk.
  • Ensure that risks of assigned models are properly identified and managed. Partner across the firm including Risk Functions and lines of businesses to evaluate and improve assigned models continually. Areas of model development include market, commercial, retail, credit, financial crimes, CCAR, CECL, finance and compliance risk. This position may also lead periodic model review and validation finding mitigation following deployment.
  • Conduct/own most 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.
  • Develop, maintain and supervise monitoring, performance reporting, and change-management processes. Work with stakeholders to ensure models fulfill the business objectives set for them.
  • Ensure model development projects and processes comply with Truist requirements for model risk management and other policy requirements.
  • Assist with 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 as needed, including assurance providers (e.g., Corporate Model Risk Management, Corporate Audit, and regulators). Support regulatory examinations and address respective requests.
  • Assist with identifying, recruiting, and maintaining, quantitative talent.

Requirements

  • Must have Master’s degree in Statistics, Analytics, Applied Mathematics, or other applied quantitative science
  • Must have 3 years of experience in quantitative model development or validation/testing positions performing/utilizing the following
  • Developing, testing, documenting, implementing and validating quantitative models and software configuration with concentration in financial domain model development experience using SAS
  • Creating object-oriented code.
  • Monitoring control and reporting on model development process.
  • Testing and identifying model and software configuration defects, tracking and reporting them for continuous improvement
  • Identification and execution of automation strategies for existing models/product and workflows
  • Driving end-to-end model and software configuration quality and defining KPI’s for improving long-term efficiency
  • Testing and implementation, especially with respect to packaging models into products; understanding the development and implementation of models/products
  • Identifying and executing automation strategies for existing models and workflows
  • Performing quality control of software configuration products and models by means of edge case and test case creation.
  • Utilizing experience with: SAS, SQL proficiency, Python, and Anaconda.
  • Position may be eligible to work hybrid/remotely but is based out of and reports to Truist offices in Atlanta, GA. Must be available to travel to Atlanta, GA regularly for meetings and reviews with manager and project teams within 24-hours’ notice.

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. 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. For more details on Truist’s generous benefit plans, please visit our Benefits site. 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. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.

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Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

SALARY

$76k-97k (estimate)

POST DATE

03/15/2024

EXPIRATION DATE

04/24/2024

WEBSITE

truist.com

HEADQUARTERS

CHARLOTTE, NC

SIZE

>50,000

FOUNDED

2019

TYPE

Public

CEO

KELLY S KING

REVENUE

$10B - $50B

INDUSTRY

Banking

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About Truist Bank

Truist is a North Carolina-based financial institution that provides personal and commercial banking products and services for individuals and businesses.

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