Quantitative Analytics & Model Development Analyst - Data, Modeling & Analytics

PNC; Pittsburgh (Allegheny County); On-site; USD 75,000 - 125,000; Full time

Benefits offered by this job

Medical, prescription drug, and dental coverage

401(k) with PNC match

Paid time off including maternity leave and holidays

Job summary

PNC is looking for a Quantitative Analytics & Model Development Analyst to join its Model Risk organization, based in Pittsburgh. This role involves performing advanced quantitative analyses, developing model frameworks, and ensuring model compliance and integrity.

Successful applicants will have at least 2 years of relevant experience, a Bachelor's degree, and a strong background in quantitative analysis. PNC offers a competitive salary range and various employee benefits, promoting a culture of inclusion and respect.

Qualifications

• 2+ years of relevant professional experience.
• Strong knowledge of quantitative analyses and model development.
• Proficiency in data analysis and risk assessment.

Responsibilities

• Perform advanced quantitative analyses and model development.
• Analyze and develop new model frameworks.
• Conduct assessments of model quality and integrity.
• Communicate findings with model owners.

Skills

Analytical Thinking

Credit Risks

Data Analytics

Financial Analysis

Model Development

Operational Risks

Quantitative Models

Risk Appetite

Education

Bachelors

Tools

Quantitative tools

Job description

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 & Model Development Analyst within PNC’s Line of Business Model Risk organization, you will be based in Pittsburgh, PA, Cleveland, OH, Tysons Corner, VA or Washington DC.

Role Overview

The Model Risk Operations Team (Ops Team) supports all teams in model risk and model management related activities across the enterprise and collaborates with members from the modeling community and partners in the Second Line of Defense. The team manages daily operations and develops strategies to improve efficiency and risk observance. Its core functions include:

• Process and Model Standards Management
• Model Inventory Management
• Findings & Issues, and Escalations Management

Responsibilities

• Under general supervision, performs advanced quantitative analyses and models development to support decision‑making by running quantitative strategies.
• 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 large data to create models.
• Performs quantitative analysis and develops 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.
• 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.

Employee Attributes

• 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 2+ years of relevant professional experience. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.

Education

Bachelors

Certifications

No Required Certification(s)

Licenses

No Required License(s)

Pay Transparency

Base Salary: $75,000.00 – $125,000.00

Benefits

PNC offers a comprehensive range of benefits including medical, prescription drug, and dental coverage; vision options; life insurance for employees and spouses/children; short and long‑term disability protection; 401(k) with PNC match; pension and stock purchase plans; dependent care reimbursement; child and elder care backup; adoption, surrogacy, and doula reimbursement; educational assistance for select programs; and a robust wellness program with financial incentives. Paid time off includes maternity and/or parental leave; up to 11 paid holidays; up to 9 occasional absence days; 15–25 vacation days annually depending on career level; and additional days for 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]. Include “accommodation request” in the subject line as well as your name, the job ID, and your preferred method of contact. Applicants may also call 877‑968‑7762 and say "Workday" for accommodation assistance. All information will be kept confidential and used only to provide needed reasonable accommodations. PNC provides 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 protected categories. 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

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