Quantitative Model Development Analyst
About the position
Focus on aspects of model development specific to finance and risk measurement estimation methodologies. Responsible for aspects of the development life cycle of quantitative models. Assist with identifying and escalating model risks. Develop awareness of key partnerships specific to models within targeted scope of responsibility. Area of model development include market, commercial, retail, credit, financial crimes, CCAR, CECL, finance and compliance risk. Participate in model reviews and validation finding mitigation following deployment. 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. Maintain and execute 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. Participate in 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.
Responsibilities
• Assist with identifying and escalating model risks.
• Participate in model reviews and validation finding mitigation following deployment.
• Conduct specific aspects of the model development life cycle.
• Maintain and execute 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.
• Participate in 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.
Requirements
• Must have a Master’s degree in Statistics, Econometrics, Applied Mathematics, or other applied quantitative science.
• Must have 1 year of experience in positions performing quantitative or data analytics with the following:
• Model development using SAS, Python (including Pandas and Numpy), R, Stata, Excel, and Tableau.
• Writing SAS data step code, SQL queries using SAS PROC SQL, and Excel VBA code.
• Model development methodology, including data collection, data cleaning, variable identification and selection and model testing.
• Statistical methods, including classical statistics, statistical deep learning, machine learning, categorical analysis, A/B testing, time-series, and multivariate statistical analysis.
• Analyzing and profiling data.
• Developing statistical models.
• Writing technical documentation.
• Presenting project results.
• Position may be eligible to work hybrid/remotely but is based out of and reports to Truist offices in Winston-Salem, NC.
• Must be available to travel to Winston-Salem, NC regularly for meetings and reviews with manager and project teams within 24-hours’ notice.
Benefits
• 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.
• 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.
Apply Now
Apply Now
Focus on aspects of model development specific to finance and risk measurement estimation methodologies. Responsible for aspects of the development life cycle of quantitative models. Assist with identifying and escalating model risks. Develop awareness of key partnerships specific to models within targeted scope of responsibility. Area of model development include market, commercial, retail, credit, financial crimes, CCAR, CECL, finance and compliance risk. Participate in model reviews and validation finding mitigation following deployment. 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. Maintain and execute 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. Participate in 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.
Responsibilities
• Assist with identifying and escalating model risks.
• Participate in model reviews and validation finding mitigation following deployment.
• Conduct specific aspects of the model development life cycle.
• Maintain and execute 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.
• Participate in 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.
Requirements
• Must have a Master’s degree in Statistics, Econometrics, Applied Mathematics, or other applied quantitative science.
• Must have 1 year of experience in positions performing quantitative or data analytics with the following:
• Model development using SAS, Python (including Pandas and Numpy), R, Stata, Excel, and Tableau.
• Writing SAS data step code, SQL queries using SAS PROC SQL, and Excel VBA code.
• Model development methodology, including data collection, data cleaning, variable identification and selection and model testing.
• Statistical methods, including classical statistics, statistical deep learning, machine learning, categorical analysis, A/B testing, time-series, and multivariate statistical analysis.
• Analyzing and profiling data.
• Developing statistical models.
• Writing technical documentation.
• Presenting project results.
• Position may be eligible to work hybrid/remotely but is based out of and reports to Truist offices in Winston-Salem, NC.
• Must be available to travel to Winston-Salem, NC regularly for meetings and reviews with manager and project teams within 24-hours’ notice.
Benefits
• 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.
• 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.
Apply Now
Apply Now