Quantitative Analytics and Model Analyst Senior

PNC Financial Services Group, Inc.; Pittsburgh (Allegheny County); On-site; USD 55,000 - 157,000; Full time

Benefits offered by this job

Medical insurance

Dental and vision

401(k) with company match

Pension and stock purchase

Educational assistance

Wellness program

Paid holidays

Job summary

PNC Financial Services Group, Inc. in the United States seeks a Senior Quantitative Analytics and Modeling Analyst to join the Model Risk Management team. Location options include Pittsburgh, PA; Boston, MA; or Tysons Corner, VA.

The role focuses on independent validation of commercial and retail models, with collaboration across risk management forums. The candidate will perform advanced quantitative analyses, develop model frameworks, and provide detailed validation documentation for

Qualifications

• Role requires a university/college degree with 3+ years of relevant industry experience.
• Certifications are often desired; in lieu of a degree, relevant education and experience may be considered.
• Strong analytical thinking and data gathering and reporting capabilities.

Responsibilities

• Independently performs advanced quantitative analyses and model development to drive decisions.
• Refines, monitors, and reviews existing models.
• Communicates with model owners and developers during reviews.
• Works with large datasets to create models.
• Prepares detailed documentation for validation and regulatory compliance.

Skills

Analytical Thinking

Credit Risks

Data Analytics

Financial Analysis

Model Development

Operational Risks

Quantitative Models

Risk Appetite

Bank Quantitative Analysis

Consulting

Data Gathering and Reporting

Effective Communications

Predictive Analytics

Quantitative Techniques

Regulatory Environment - Financial

Testing

Education

University degree

Job description

Position Overview

Position Overview At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company’s success. As a Quantitative Analytics and Modeling Analyst Senior within PNC's Model Risk Management organization, you will be based in Pittsburgh, PA, Boston, MA or Tysons Corner, VA. We are seeking an experienced model validator to be part of our Model Risk Management team at PNC. The position reports to a validation manager in Commercial Credit and Financial Valuation Models and is part of the Independent Risk Management organization. This role involves performing rigorous independent reviews on some of PNC’s most important models including Commercial & Industrial, Commercial Real Estate and retail commercial loss forecasting models, risk rating models, as well as financial valuation and investment models. This role also participates at and provide individual and aggregate model risk assessment in various model working groups and forums. PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals. PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

Job Description

• Independently performs advanced quantitative analyses and model development to drive decision-making by running quantitative strategies.


• Makes recommendations based on analyses.


• Analyzes and develops new model frameworks by supporting the line of business.


• Refines, monitors, and reviews existing models.


• Conducts on-going communication with model owners and model developers during the course of the review.


• Works with larger, more complex datasets to create models.


• Performs quantitative analysis and develops complex reports.


• Performs qualitative and quantitative assessments of all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity.


• Analyzes complex data and associated quantitative analysis.


• Makes recommendations based on findings from data analytics.


• Uses quantitative tools and techniques to measure and analyze 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.

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be: Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions. Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.

Qualifications

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position. Preferred Skills Analytical Thinking, Credit Risks, Data Analytics, Financial Analysis, Model Development, Operational Risks, Quantitative Models, Risk Appetite Competencies Bank Quantitative Analysis, Consulting, Data Gathering and Reporting, Effective Communications, Predictive Analytics, Quantitative Techniques, Regulatory Environment - Financial Services, Testing Work Experience Roles at this level typically require a university / college degree, with 3+ years of relevant / direct industry experience. Certifications are often desired. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.

Pay Transparency

Base Salary: $55,000.00 – $157,300.00 Salaries may vary based on geographic location, market data and on individual skills, experience, and education. This role is incentive eligible with the payment based upon company, business and/or individual performance.

Benefits

• medical/prescription drug coverage (with a Health Savings Account feature)


• dental and vision options


• employee and spouse/child life insurance


• short and long-term disability protection


• 401(k) with PNC match, pension and stock purchase plans


• dependent care reimbursement account


• back-up child/elder care


• adoption, surrogacy, and doula reimbursement


• educational assistance, including select programs fully paid


• a robust wellness program with financial incentives

• maternity and/or parental leave


• up to 11 paid holidays each year


• 9 occasional absence days each year, unless otherwise required by law


• between 15 to 25 vacation days each year, depending on career level


• and years of service

Disability Accommodations Statement

If an accommodation is required to participate in the application process, please contact us via email at [e-mail]. Please include “accommodation request” in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call 877-968-7762 and say \"Workday\" for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations. At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.

Equal Employment Opportunity (EEO)

PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law. This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.

California Residents

Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.

For nearly 160 years, PNC has strived to make a meaningful impact for our employees, customers, communities, and shareholders. We believe our success and positive reputation are built on open and honest dialogue, an unwavering focus on smart risk management, relationship-based customer service and community investments. Our inclusive workplace allows our employees to be heard, valued, and developed to do their best work. Being a great place to work means we are making a lasting difference for everyone we serve. Check out the top reasons to join PNC. PNC’s total rewards package includes things like time off, benefits, learning and career development, wellness programs, recognition and much more. The benefits and programs highlighted below are just a sampling of what PNC offers its employees. To learn more, visit our Total Rewards page.

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