Truist Quantitative Model Validation Officer 

United States, North Carolina, Durham 

778336328

Regular or Temporary:

English (Required)

1st shift (United States of America)
Please review the following job description:

• Under the general supervision of the Senior Model Validation Officer, perform advanced level model validation for the corporation. Focus primarily on model validation and quantitative analysis, but also evaluate other model controls and serve as a resource for the corporation in all model risk management related tasks.
• Independently perform model validations spanning credit risk, market risk, and capital planning domains to assess fit for purpose, conceptual soundness, mathematical theory and construct, assumptions, data/assumptions, and output reasonableness.
• Evaluate other model controls such as model performance tracking, change management, access control, and documentation.
• Evaluation of validation findings remediation activity including analytical evaluation of residual risk.
• Document validation effort in the form of a written report.
• Directly support and assist in the duties of the Senior Model Validation Officer.

Requirements

• Must have a Master’s degree in Statistics, Econometrics, Operations Research, Actuarial Science, Applied Mathematics, or related quantitative field.
• Must have 1 of experience a quantitative or data analytics positions performing/utilizing the following:
  • Model development or validation including machine learning models
  • Data management
  • Applying solid understanding of principles, practices, theories, and methodologies associated with financial risk management.
  • Demonstrating mastery of quantitative modeling requirements for risk management, financial reporting, and valuation models used in financial services industry.
  • Developing, documenting, implementing, and validating Market, Credit and Operational risks of new and existing financial products.
  • Distilling complex mathematical concepts into actionable results.
  • Utilizing experience with: Python, MatLab, SAS, and VBA

• Position may be eligible to work hybrid/remotely but is based out of and reports to Truist offices in Durham, NC. Must be available to travel to Durham, NC regularly for meetings and reviews with manager and project teams within 24-hours’ notice.