Quantitative Analytics & Model Development Consultant

Compensation

: $150,470.00 - $150,470.00 /year *

Employment Type

: Full-Time

Industry

: Manufacturing



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Job Profile



Position Overview

The PNC Financial Services Group, Inc., is a diversified financial services company which operates three primary segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group. The Company offers a wide range of products and services, including retail products, commercial & industrial and commercial real estate loans, and residential real estate loans. At PNC, our people are the greatest differentiator and competitive advantage in serving the needs of our customers and communities. This position will be located in PNC's downtown, Pittsburgh, PA location, Cleveland, Ohio, Wilmington, DE, Charlotte, NC, Tyson s Corner, VA or Washington, DC.

As a member of the Non-Residential Retail Model Development team you will be responsible for developing and maintaining of PD, LGD, EAD and other models that support our retail businesses including Credit Card, Auto, Student lending and Other Consumer loans. This includes stress testing (CCAR/DFAST), reserves (ALLL/CECL) and Basel RWA. You will work closely with our business partners, independent risk management and audit, and will frequently present your work to senior PNC executives and regulators.

Key Responsibilities:
Develop, maintain and enhance retail models for use in a variety of critical applications
Enhance and maintain model development documentation
Work closely with model owners, line of business and risk managers to improve models and analytics
Collaborate with model risk management teams on validations and resolving model issues
Produce analytics in support of model development or other business needs that require employing statistical methodologies and/or data processing skills
Create presentations on model methodologies and outcomes to senior management and governance committees
Collect data from various sources, perform analysis and interpret results to assist in making impactful business decisions
Assist in the implementation of new or modified models into the production environment
Regularly review the performance monitoring of assigned models and methodologies
Qualifications:
Experience developing Probability of Default (PD), Loss given Default (LGD) and Exposure at Default (EAD) models for Retail portfolio (preferred)
At least 5+ years of working experience in a financial services Industry in the area of Credit Risk (preferred)
Advanced degree (Masters or PhD) in Quantitative discipline such as Statistics, Mathematics, Operations Research, Econometrics etc.
Advanced knowledge of Statistical Methods for model building, Machine Learning, and Big Data
Excellent programming knowledge in SAS/Python or R
Experience in programming in a Unix environment
Excellent data manipulation skills on large data sets with ability to source data from Oracle/SQL/Hadoop
Ability to solve problems while working under pressure, and undertake, execute and deliver on-time multiple simultaneous projects under tight deadlines
A team player with the ability to develop relationships with non-quantitative partners and stakeholders
Excellent written and verbal communication skills is a must

Job Description

  • Performs complex quantitative analyses and models development to support decision-making by running quantitative strategies.
  • Develops new model frameworks by supporting the line of business. Refines, monitors, and validates existing models. Conducts on-going communication with model owners and model developers during the course of the review. Works with large data to create models.
  • Performs advanced qualitative and quantitative assessments on all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity. Reviews reports and associated quantitative analysis. Validates existing models and assesses model risks.
  • Evaluates identified model risks and reaches conclusions on strengths and limitations of the model.
  • Prepares and analyzes detailed documents for validation and regulatory compliance, using applicable templates.

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:

  • Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
  • Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.



Competencies

Bank Quantitative Analysis Knowledge of and ability to use numerical methods to develop statistical models for devising trading strategies.

Bank Quantitative Analysis Knowledge of and ability to use numerical methods to develop statistical models for devising trading strategies.

Data Gathering and Reporting Knowledge of and ability to utilize tools, techniques and processes for gathering and reporting data in a particular department or division of a company.

Effective Communications Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.

Predictive Analytics Knowledge of, experience with and ability to use the tools, processes and practices for predicting business trends and providing forecasts that drive business decisions and business planning.

Quantitative Techniques Knowledge of and ability to use quantitative tools and techniques to measure and analyze risks.

Regulatory Environment - Financial Services Knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices.

Testing Knowledge of and ability to plan, implement and manage testing strategies, policies and practices that assure the delivery of high quality applications.



Work Experience

Roles at this level typically require a university / college degree, with 5+ years of industry-relevant experience. Specific certifications are often required. In lieu of a degree, a comparable combination of education and experience (including military service) may be considered.



Education

Bachelors (Required)

Disability Accommodations Statement:


The PNC workplace is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the PNC Careers website or submission process, please call 877-###-#### and select Option 4: Recruiting or contact us via email at ...@pnc.com.

The Human Resources Service Center hours of operation are Monday - Friday 9:00 AM to 5:00 PM ET.

Equal Employment Opportunity (EEO):


PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.



Job Requirements:
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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