Head of Objective Forecasting

Fayette Chamber of Commerce; Atlanta (GA); On-site; USD 180,000 - 240,000; Full time

Job summary

The Senior Quantitative Model Development Officer II at Truist Financial Corporation leads model development across lines of business, driving planning, data adequacy, estimation, evaluation, and deployment of risk models. You will shape a consistent measurement system for financial planning and inform risk positioning and strategy.

As Head of Objective Forecasting, you will oversee models used in stress testing, credit loss, market valuation, and earnings at risk, ensuring alignment with

Qualifications

• Bachelor's degree in Statistics, Econometrics, Applied Mathematics, Operations Research, or other applied quantitative science.
• 10+ years of relevant experience developing, documenting, implementing, or validating quantitative models.
• Master's degree or higher in Statistics, Econometrics, Mathematics, or other applied quantitative science (preferred).
• 3-5+ years supervising or leading quantitative teams (preferred).

Responsibilities

• Manage model development across the life cycle, including planning, data acquisition, estimation, evaluation, documentation, approval, and deployment.
• Provide leadership and mentorship to other quantitative model development managers.
• Establish and administer model development infrastructure, processes and governance.
• Assist with model compliance activities related to Model Risk Management/SR 26-2 and model deployment.
• Assist client with integrating models into business processes and production scoring.

Skills

Leadership

Mentorship

Education

Bachelor's degree in Statistics, Econometrics, Applied Mathematics, Operations Research, or related quantitative field

Master's degree or higher in Statistics, Econometrics, Mathematics, or related field

Job description

Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift: 1st shift (United States of America)

Please review the following job description:

The Senior Quantitative Model Development Officer II manages model development activities specific to a Line of Business, Function or Risk discipline. Core responsibilities specific to the model development life cycle include planning, data appropriateness, model estimation, model evaluation/interpretation and ensuring models are fit for intended use. Assistance responsibilities, which vary from model to model, include business process integration, model deployment and on-going model evaluation.

We are seeking a senior transformative leader to spearhead Truist’s Objective Forecasting function within the Quantitative Office. The Head of Objective Forecasting will lead the development of a consistent system of measurement for financial and capital planning which can inform strategy, risk positioning, and optimization. The Objective Forecasting team supports the models used in stress testing (CCAR), the allowance for credit loss (ACL/CECL), market valuation and earnings at risk (IRR), and market risk. This support includes the implementation, production, and monitoring of the credit loss and quantitative finance inventory of models. Importantly, this function also drives the consolidated output and automation of the model’s financial output to create an objective measurement for the firm’s outlook and performance.

About the Quantitative Office

The Quantitative Office (QO) is Truist’s central and lead model development function, serving as a critical enterprise capability that underpins risk management, financial performance and strategic decision-making across the bank.

QO drives enterprise-wide impact by integrating and scaling advanced quantitative modeling disciplines within a unified strategic framework. Through specialized teams spanning Credit Loss, Quantitative Finance, Wholesale Risk Rating, Retail Underwriting and Compliance, and Financial Crimes – supported by horizontal delivery, governance, and quantitative asset management functions – QO develops and manages the majority of the bank’s most important models.

As Truist’s centralized model development authority, QO establishes consistent standards, strengthens technical rigor, and accelerates innovation. QO serves as a strategic engine that reduces risk, enhances model reliability, and optimizes performance across all business units.

Essential Duties and Responsibilities

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

• Manage model development/estimation activities across the model life cycle, including planning, data acquisition, estimation, evaluation, documentation, approval, model/business process integration and implementation
• Build / lead a team of highly skilled quantitative model developers to develop risk models using advance modeling approaches and set the standard for excellent performance
• Provide leadership / mentorship to other quantitative model development managers across various products, modeling disciplines and complexities.
• Establish, maintain and administer model development infrastructure, process and procedures
• Assist various parties (e.g., lines of business leads) with identifying/assessing viable model development opportunities
• Assist with model compliance activities as it relates to Model Risk Management/SR 26-2 policy/standards
• Assist client (model owner) with integrating model into the business process and model deployment activities, including production scoring support and sustainability, as appropriate
• Provide on-going model support specific to evaluation/surveillance and interpretation of model performance
• Provide consultation and represent client (model owner) during 3rd party assurance provider (e.g., Model Risk Management, Corp Audit, regulatory bodies) reviews and Q&A activities

Qualifications

Required Qualifications:

• Bachelor's degree in Statistics, Econometrics, Applied Mathematics, Operations Research, or other applied quantitative science, or equivalent education and related training.
• 10+ years of relevant experience, or equivalent financial industry experience developing, documenting, implementing, or validating quantitative models

Preferred Qualifications:

• Master's degree or higher in Statistics, Econometrics, Mathematics, or other applied quantitative science, or equivalent education and related training.
• 3-5+ years of relevant experience supervising or acting as a team lead over teammates with quantitative educational and/or work backgrounds.

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

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