PNC Sr Quantitative Analytics/Modeling Consultant - Model Auditing 

United States, Ohio, Cleveland 

919874574

This position is primarily based in a PNC location. Responsibilities require time in the office or in the field on a regular basis. Some responsibilities may be performed remotely, at manager’s discretion.· We execute a Risk Based Audit Approach
· We value Data Analytics and Automation
· We leverage Continuous Monitoring/Auditing Techniques
· We recruit, develop, and retain great talent· Provide an independent and objective perspective
· Ability to manage risk and think strategically
· Gather, analyze and translate data into actionable insights
· Work in an environment that requires a high level of accuracy and strong attention to detail
• Serve as subject matter expert to assigned areas and review model documentation and model validation reports to determine if the models are conceptually sound and compliant with the pertinent internal and regulatory policies. Document and communicate results and findings in Audit workpapers and Potential Audit Issues. Help prepare audit reports and support general audit process and control review activities related to traditional audit work, as assigned. Where applicable, guide other team members to aid their learning of various analytical tools and audit processes.
• Conduct ongoing prior issue monitoring according to established follow-up and target completion dates. Perform remediation testing to determine if management has completed all work to recommend closure of regulatory MRAs (Matter Requiring Attention) and audit issues. This will involve creating the remediation testing plan, deep dive into model documentation, model validation reports, other supporting material and analyses, and meetings with clients and regulators.
• Conduct data analytic and alternative modeling techniques to provide challenge to the datasets and models developed by model developers.
• Provide general support functions including attendance at relevant meetings with the clients and regulators, assisting in the preparation of meeting agendas and documenting meeting minutes.
• Keep abreast of latest modeling techniques, pertinent academic and semi-academic research, and changes in the regulatory landscape.The successful candidate will have the following qualifications:• Sound statistical, mathematical and analytical background to be able to comprehend quantitative risk models used across the PNC bank. Should be a quick learner, and be able to quickly acquire functional knowledge of different genre of models.
• Good experience with widely used statistical and financial modeling software/ programming languages
• Excellent communication and presentation skills and ability to build strategic and harmonious work relationships with the first and second line of defense.
• Ability to work in a team environment that includes both quantitative and non-quantitative members.
• Knowledge of one or more regulations such as CECL, CCAR, Anti-Money Laundering, Fair Lending etc is highly desirable.
• College degree, preferably a Masters or PhD in a quantitative field such as Statistics, Economics, Finance, Engineering, Mathematics.
• Depending on highest level of education, a minimum of 5-8 years of experience in modeling or quantitative analytics in financial services.
• Proficiency with one or more widely used programming techniques such as SAS, Python, R and SQL.
• Prior experience in the financial services industry is preferred
• Demonstrated project and time management skills; ability to work on multiple projects on a concurrent basis, and able to meet tight deadlines.
• Prior experience an interest in providing peer mentorship, providing peer guidance and support to troubleshoot and resolve impediments and knowledge gaps
Job Description

• Independently performs the most complex quantitative analyses and models development to support decision-making by running quantitative strategies.
• Develops new model frameworks by supporting the line of business. Refines, monitors, and validates existing models. Conducts on-going communication with model owners and model developers during the course of the review. Works with large data to create models.
• Performs the most complex qualitative and quantitative assessments on all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity. Reviews reports and associated quantitative analysis. Validates existing models and assesses model risks.
• Evaluates identified 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.

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, Effective Communications, 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. Specific certifications are often 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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