Quantitative Analytics & Model Development Analyst Sr

Employer
PNC
Location
Washington, DC
Posted
Jun 14, 2018
Closes
Jun 18, 2018
Function
Analyst
Hours
Full Time
Position Overview As a Quantitative Analytics & Model Development Analyst Sr within PNC's Analytics and Portfolio Mgmt organization, you will be based in VA - Tysons Corner, DC - Washington, or PA - Pittsburgh. In this role you will be working on the firm's residential real estate portfolio loss forecasting models and other models for business use. As an Analyst Sr you will be responsible for quantitative modeling and apply analytics techniques to developing and monitoring models. This person will perform daily modeling activities, provide insights of data analytics, model performance and diagnosis, support model validation and regulatory review. This position is located in VA - Tysons Corner, DC - Washington, or PA - Pittsburgh Preferences/Skills * College degree of master in quantitative fields such as math, statistics, economics and finance * SAS programming, enterprise guide and enterprise minor * Regression technique, logistic regressions, linear regressions, time series etc. * Proficient with Microsoft excel and PowerPoint * Good communication skills, clearly write technical documentation and present technical materials * Previous experience of loss forecasting models preferred * Previous experience of CCAR/CECL modeling preferred Job Profile * Independently performs advanced quantitative analyses and model development to drive decision-making by running quantitative strategies. Makes recommendations based on analyses. * Analyzes and develops new model frameworks by supporting the line of business. Refines, monitors, and reviews existing models. Conducts on-going communication with model owners and model developers during the course of the review. Works with larger, more complex datasets to create models. * Performs quantitative analysis and develops complex reports. Performs qualitative and quantitative assessments of all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity. Analyzes complex data and associated quantitative analysis. Makes recommendations based on findings from data analytics. * Uses quantitative tools and techniques to measure and analyze 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. Core Competencies Manages Risk - Working Experience * Assesses and effectively manages all of the risks associated with their business objectives and activities to ensure activities are in alignment with the bank's and unit's risk appetite and risk management framework. Customer Focus - Extensive Experience * Knowledge of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions, and ability to leverage that information in creating customized customer solutions. Job Specific Competencies Predictive Analytics - Working Experience * Knowledge of tools, methods and processes used to make business predictions; ability to use the tools, processes and practices for predicting business trends and providing forecasts that drive business decisions and business planning. Consulting - Basic Experience * Knowledge of techniques, roles, and responsibilities in providing technical or business guidance to clients, both internal and external; ability to apply this knowledge appropriately to diverse situations. Effective Communications - Working Experience * 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. TESTING - Working Experience * Knowledge of and ability to plan, implement and manage testing strategies, policies and practices that assure the delivery of high quality applications. Data Gathering and Reporting - Working Experience * Knowledge of and ability to utilize tools, techniques and processes for gathering and reporting data in a particular department or division of a company. Regulatory Environment - Financial Services - Working Experience * Knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices. Quantitative Techniques - Working Experience * Knowledge of and ability to use quantitative tools and techniques to measure and analyze risks. Bank Quantitative Analysis - Working Experience * Knowledge of and ability to use numerical methods to develop statistical models for devising trading strategies. Preferences/Skills Preferences/Skills * College degree of master in quantitative fields such as math, statistics, economics and finance * SAS programming, enterprise guide and enterprise minor * Regression technique, logistic regressions, linear regressions, time series etc. * Proficient with Microsoft excel and PowerPoint * Good communication skills, clearly write technical documentation and present technical materials * Previous experience of loss forecasting models preferred * Previous experience of CCAR/CECL modeling preferred Required Education and Experience Roles at this level typically require a university / college degree, with 3+ years of relevant / direct industry experience. Certifications are often desired. In lieu of a degree, a comparable combination of education and experience (including military service) may be considered.

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