Senior Quantitative Model Development Manager- Retail Credit Loss Forecasting

Quantitative Analyst Manager

Manage a team of quantitative analysts focused on model development efforts specific to finance and risk measurement estimation methodologies. Responsible for the end-to-end development life cycle of quantitative models related to the company's management and mitigation of risk. Ensures that model risks are properly identified and managed. Partners across the firm including Risk Functions and lines of businesses to evaluate and improve models continually. Areas of model development include retail credit loss forecasting models used for BAU, CCAR and CECL processes. This position may also lead periodic model review, model performance monitoring and validation finding mitigation following deployment.

Essential Duties And Responsibilities

• Manage team specific to all 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.
• Actively participate in the model development lifecycle. 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.
• Provide 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.
• Identify, recruit, maintain, and manage quantitative talent; delegate effectively to resolve organizational requirements

Qualifications

Required Qualifications

• Ten years of relevant experience in best practices, or equivalent financial industry experience developing, documenting, implementing, or validating quantitative models with concentration in a particular financial domain
• Seven+ years of model development experience using SAS or other applicable model development software/programming tools
• Management ability: Ability to manage projects and teams to successful outcomes
• Strong English communication skills, both written and verbal
• Ability to distill complex mathematical concepts into actionable results
• Strong work ethic; promote and conduct continued development of personal and associate knowledge base and technical skills
• Organization skills: Ability to communicate and manage competing organizational priorities effectively
• Problem solving skills: Strong problem solving skills
• Education: Advanced degree or equivalent experience in Statistics, Econometrics, Operations Research, Actuarial Science, Applied Mathematics, or other applied quantitative science, or equivalent education and related training

Preferred Qualifications

• Master's degree/PhD
• Relevant professional designation(s)
• Experience in risk management
• Knowledge/experience of best practices in retail credit loss forecasting and current regulatory environment and associated expectations within the financial services industry

Truist is an Equal Opportunity Employer that does not discriminate 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.