PNC Commercial Credit Model Validation Expert 

United States, New Jersey 

251240316

Key Responsibilities Include:Independent Model Review: Perform qualitative and quantitative assessments of all aspects of models including data quality and integrity, theoretical assumptions and methodologies, and performance testing; Specific duties include: assess conceptual soundness and performance of models based on detailed model documentation and testing results perform independent testing of model assumptions use quantitative tools and techniques to measure and analyze model risks; evaluate identified model risks and reach conclusions on strengths and limitations of the model; conduct on-going communication with model stakeholders such as developers, owners and reviewers; and prepare detailed validation reports on quantitative models/tools for internal/external communications and/or regulatory compliance, using applicable templates.Expert Oversight: As the Model Validation Expert, you will act as subject area expert and provide oversight for the models within the assigned subject area(s). You will lead other validators in validation projects with guidance on the independent review of the models and ensure that validation work is performed in accordance with the model risk management framework.Preferred Qualifications Include:-Master's or Ph.D. in a quantitative field such as Economics, Finance, Mathematics, or a related discipline with strong statistical and econometric training.- 10+ years’ experience in financial and credit risk model development and/or validation within the financial services industry is required.- Knowledge of regulatory requirements related to credit risk models, including commercial credit loss forecasting, commercial credit management, and model risk management practices (OCC 11-12/FR11-7)- Strong communication skills, both written and verbal, with the ability to convey complex technical concepts to diverse stakeholders.- Hands-on experience in programming languages such as Python, R, SAS, and SQL.
Job Description

• Directs strategies, initiatives and activities associated with developing, testing, and/or validation of quantitative models used for important business decisions and policies. Responsible for ensuring robust and comprehensive model review testing and analysis in accordance with all applicable review procedures and lifecycle standards.
• Establishes strategies and directs the activities needed to develop new model frameworks in support of the line of business.
• Directs complex qualitative and quantitative assessments of all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity. Confirms the reviews of complex reports and associated quantitative analysis. Validates existing models and assesses model risks.
• Leads in evaluating identified model risks and reaches conclusions on strengths and limitations of the model. Ensures the preparation and analysis of detailed documents for validation and regulatory compliance.
• Directs, motivates, develops and manages the performance of the management team and key staff.

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.

PNC also has fundamental expectations of our people managers. As a manager of talent in PNC, you will be expected to:

• Include Intentionally - Cultivates diverse teams and inclusive workplaces to expand thinking.
• Live the Values - Role models our values with transparency and courage.
• Enable Change - Takes action to drive change and innovation that will transform our business.
• Achieve Results - Takes personal ownership to deliver results. Empowers and trusts others in decision making.
• Develop the Best - Raises the bar with every talent decision and guides the achievement of all employees and customers.

Qualifications

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and requiredneeded to be successful in this position.

Analytical Thinking, Credit Risks, Data Analytics, Financial Analysis, Model Development, Operational Risks, Quantitative Models, Risk AppetiteBank Quantitative Analysis, Consulting, Data Gathering and Reporting, Predictive Analytics, Quantitative Techniques, Regulatory Environment - Financial Services, TestingRoles at this level typically require a university / college degree. Higher level education such as a Masters degree, PhD, or certifications is desirable. Industry-relevant experience is typically 8+ years. At least 5 years of prior management experience is typically required. Proven leadership experience with a moderate to large scope of responsibility is required. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.No Required Certification(s)No Required License(s)PNC offers 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; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives. In addition, PNC generally provides the following paid time off, depending on your eligibility*: maternity and/or parental leave; up to 11 paid holidays each year; 8 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.

California Residents

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