Truist is looking to hire a quantitative model developer to focus on model development specific to finance and risk measurement estimation methodologies, particularly in the areas of financial crimes like AML, Sanction Screening, and fraud detection. The role involves managing the model development lifecycle, ensuring compliance with risk management policies, and assisting with model validation and mitigation.
Requirements
- Two or more years of relevant experience in best practices, or equivalent financial industry experience developing, documenting, implementing, or validating quantitative models 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
- Some experience in risk management
- Some knowledge/experience of best practices and current regulatory environment
- 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
Responsibilities
- Conduct specific aspects of the model development life cycle.
- Evaluate, develop and maintain monitoring, performance reporting, and change-management processes.
- Ensure assigned parts of model development projects and processes comply with Truist requirements for model risk management and other policy requirements.
- Assist with user understanding and acceptance of models and associate analytics, including written and verbal presentations to model users, stakeholders, managers and oversight groups.
- Address model questions from partners within the firm as needed, including assurance providers.
- Focus on aspects of model development specific to finance and risk measurement estimation methodologies.
- Responsible for aspects of the development life cycle of quantitative models.
Other
- 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
- Assist with identifying, recruiting, and maintaining, quantitative talent.
