Lead - Objective Forecasting & Quantitative Modeling

Truist; Charlotte (NC); On-site; USD 200,000 - 295,000; Full time

Job summary

Truist is seeking a Senior Quantitative Model Development Officer II to lead the Objective Forecasting function within the Quantitative Office. The role focuses on planning, data adequacy, estimation, evaluation, and deployment of risk and financial models used for stress testing, credit loss, market valuation and earnings at risk.

You will guide cross-functional teams, ensure model alignment with strategic objectives, and drive automation of model outputs.

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
• 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.

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 reviews and Q&A activities

Education

Bachelor's degree in Statistics, Econometrics, Applied Mathematics, Operations Research, or other applied quantitative science, or equivalent education and related training.

Master's degree or higher in Statistics, Econometrics, Mathematics, or other applied quantitative science, or equivalent education and related training.

Job description

Truist is seeking a Senior Quantitative Model Development Officer II to lead the Objective Forecasting function within the Quantitative Office. The role focuses on planning, data adequacy, estimation, evaluation, and deployment of risk and financial models used for stress testing, credit loss, market valuation and earnings at risk.

You will guide cross-functional teams, ensure model alignment with strategic objectives, and drive automation of model outputs.