Loss Forecasting: Quant Analytics & Model Consultant

PNC Financial Services Group, Inc.; Pittsburgh (Allegheny County); On-site; USD 91,000 - 203,000; Full time

Job summary

PNC is seeking a Quantitative Analytics and Model Consultant to validate and develop models within Model Risk Management. The role is based in Pittsburgh, PA or Tysons Corner, VA, focusing on loss forecasting, stress testing, scoring models, and machine-learning based approaches.

You will author validation reports and engage with model owners and developers. The ideal candidate has 5+ years in quantitative modeling within financial services or related fields, strong communication skills, and

Qualifications

• Experience developing models or validating applied models within the financial services industry, government, or academic setting is preferred.
• Strong English communication skills, both written and verbal, with the ability to convey complex technical concepts to diverse stakeholders.
• Hands-on experience with model testing and estimation tools in Python, R, SQL, SAS, etc.

Responsibilities

• Performs complex quantitative analyses and models development to support decision-making by running quantitative strategies.
• Develops new model frameworks by supporting the line of business. Refines, monitors, and validates existing models. Conducts ongoing communication with model owners and model developers during the course of the review. Works with large data to create models.
• Performs advanced qualitative and quantitative assessments on all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity. Reviews reports and associated quantitative analysis. Validates existing models and assesses model risks.
• Evaluates identified model risks and reaches conclusions on strengths and limitations of the model.
• Prepares and analyzes detailed documents for validation and regulatory compliance, using applicable templates.

Skills

Analytical Thinking

Credit Risks

Data Analytics

Financial Analysis

Model Development

Operational Risks

Quantitative Models

Risk Appetite

Education

Bachelor's degree

Job description

PNC is seeking a Quantitative Analytics and Model Consultant to validate and develop models within Model Risk Management. The role is based in Pittsburgh, PA or Tysons Corner, VA, focusing on loss forecasting, stress testing, scoring models, and machine-learning based approaches.

You will author validation reports and engage with model owners and developers. The ideal candidate has 5+ years in quantitative modeling within financial services or related fields, strong communication skills, and