Quantitative Analytics & Model Development Analyst Sr.

Employer
PNC Financial Services Group, Inc.
Location
Vienna, VA
Posted
Jul 28, 2021
Closes
Jul 30, 2021
Ref
2142495827
Hours
Full Time
Position Overview At PNC, our people are the greatest differentiator and competitive advantage in serving the needs of our customers and communities. 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 commercial & industrial and commercial real estate loans, residential real estate loans, credit cards, and a full suite of treasury management and capital markets solutions. This position will be located in Pittsburgh, Pennsylvania, Cleveland, Ohio, Tyson's Corner, VA or Washington, DC. As a member of the Commercial Model Development team you will be responsible for the creation and maintenance of PD, LGD, EAD and other models that support our commercial businesses. This includes risk rating, stress testing (CCAR/DFAST), reserves (ALLL/CECL) and economic capital calculation. 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 commercial 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 ad-hoc analysis 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. * Please note, PNC will not sponsor a work visa for this position. Qualifications: * At least 3+ years of working experience in the area of model development. 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, Credit Migration Matrices. * Experience developing Probability of Default (PD), Loss given Default (LGD) and *Exposure at Default (EAD) models for commercial or wholesale portfolios (preferred) * Good understanding of Financial Statements preferred * Excellent programming knowledge in Python and SAS * Experience in programming in a Unix environment * Excellent data manipulation skills 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 * 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. 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. Consulting - 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. 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 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. Education Bachelors Additional Job Description Benefits PNC offers employees a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include medical/prescription drug coverage (with a Health Savings Account feature); dental and vision options; employee and spouse/child life insurance; short- and long-term disability protection; maternity and parental leave; paid holidays, vacation days and occasional absence time; 401(k), pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about these and other programs, including benefits for part-time employees, visit pncbenefits.com > New to PNC. 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 877-968-7762 and select Option 4: Recruiting or contact us via email at pathfinder@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. California Residents Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices. Advanced degree (Masters or PhD) in Quantitative discipline such as Statistics, Mathematics, Operations Research, Econometrics etc. Roles at this level typically require a university / college degree, with 3+ years of relevant / direct industry experience. In lieu of a degree, a comparable combination of education and experience (including military service) may be considered. At least 3+ years of working experience in the area of model development. Roles at this level typically require a university / college degree, with 3+ years of relevant / direct industry experience. As a member of the Commercial Model Development team you will be responsible for the creation and maintenance of PD, LGD, EAD and other models that support our commercial businesses. 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. Develop, maintain and enhance commercial 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 ad-hoc analysis 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. 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. 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. Consulting - 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. sql, lgd, data analytics, senior management, credit risk, research, data manipulation, model development, testing, data gathering, model design, quantitative techniques, assessing, quantitative analysis, model building, financial statements, predictive analytics, independent, statistical, bank quantitative analysis, trading strategies, effective communication, stakeholders, statistical methods, financial services, sas, solve problems, enterprise risk management framework, business planning, model development documentation, decision-making, regulatory compliance, risk management, econometrics, programming, communications, hadoop, model risk management, machine learning, ability to plan, data quality, verbal communication skills, team player, communication, effective communications, numerical methods, Predictive Modeling Analyst, Statistical Modeler, Associate Analytics, Data Analytics, Quantitative Analyst, Analytics Lead, Analytics Analyst, Senior Quantitative Analyst, Senior Associate Analytics, Strategic Analyst#06022021

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