Truist is looking to lead model development efforts specific to finance and risk measurement estimation methodologies to manage and mitigate risk.
Requirements
- 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
- Ability to distill complex mathematical concepts into actionable results
- Demonstrate expertise in financial crime modeling, including Anti-Money Laundering (AML), Sanction Screening, and Fraud detection methodologies.
- Experience with regulatory requirements and advanced analytics for these domains is highly preferred
- Experience in risk management
- Knowledge/experience of best practices and current regulatory environment and associated expectations within the financial services industry
Responsibilities
- Conduct/own most 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.
- 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.
- Assist with 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).
Other
- English (Required)
- Strong English communication skills, both written and verbal
- 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
