Head of Objective Forecasting

Truist; Atlanta (GA); On-site; USD 200,000 - 295,000; Full time

Benefits offered by this job

Medical

Dental

Vision

Life insurance

Disability

401k plan

Vacation days

Sick days

Pension

RSUs

Job summary

Truist is seeking a Senior Quantitative Model Development Officer II to lead the Objective Forecasting function within the Quantitative Office. The role oversees planning, estimation, evaluation and deployment of models used in CCAR, ACL/CECL, market valuation and earnings at risk, with a focus on automation and consistency of outputs.

The Quantitative Office drives enterprise-wide modeling standards, governance, and innovation to support risk management and financial performance across Truist's

Qualifications

• Bachelor's degree in Statistics, Econometrics, Applied Mathematics, Operations Research, or related field.
• 10+ years of relevant experience in quantitative models development/validation or equivalent finance industry experience.
• Master's degree or higher preferred; 3-5+ years supervising quantitative teams.

Responsibilities

• Manage model development/estimation across the life cycle including planning, data acquisition, estimation, evaluation and deployment.
• Lead a team of quantitative model developers to create risk models using advanced methods.
• Provide leadership to other managers across products and modeling disciplines.

Skills

Model development

Team leadership

Education

Bachelor's degree in Statistics/Econometrics/Applied Mathematics/Operations Research

Master's degree or higher in Statistics/Econometrics/Mathematics

Job description

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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

• 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

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• 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.

The annual base salary for this position is $200,000 - $295,000.

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.

• medical
• dental
• vision
• life insurance
• disability
• accidental death and dismemberment
• tax-preferred savings accounts
• 401k plan

• 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment
• 10 sick days (also prorated)
• paid holidays

• defined benefit pension plan
• restricted stock units
• 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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