Quantitative Analytics & Model Development Consultant - Balance Sheet Analytics & Modeling

PNC Investments; Tysons (VA); On-site; USD 100,000 - 130,000; Full time

Job summary

A prominent financial institution seeks a Quantitative Analytics & Model Development Consultant for its Balance Sheet Analytics & Modeling team. Based in Tysons Corner, Virginia, the role involves developing credit risk models for Residential Loans and conducting complex analyses to support business strategies. Candidates should have a strong background in STEM, complemented by experience in credit risk modeling and advanced analytical capabilities.

Benefits

Medical/prescription drug coverage

Dental and vision options

401(k) with PNC match

Educational assistance

Robust wellness program

Qualifications

• 5+ years of experience in credit risk modeling.
• Hands-on credit risk modeling experience is a plus.
• Knowledge of CECL and CCAR is a plus.

Responsibilities

• Develops new model frameworks to support decision-making.
• Conducts qualitative and quantitative assessments on models.
• Prepares and analyzes validation and regulatory compliance documents.

Skills

Analytical Thinking

Credit Risks

Data Analytics

Financial Analysis

Model Development

Operational Risks

Quantitative Models

Risk Appetite

Education

BA/BS in a STEM related field

Tools

Python

PySpark

Hadoop

Machine Learning

Job description

Quantitative Analytics & Model Development Consultant - Balance Sheet Analytics & Modeling

Join to apply for the Quantitative Analytics & Model Development Consultant - Balance Sheet Analytics & Modeling role at PNC Investments

Quantitative Analytics & Model Development Consultant - Balance Sheet Analytics & Modeling

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Join to apply for the Quantitative Analytics & Model Development Consultant - Balance Sheet Analytics & Modeling role at PNC Investments

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 Consultant within PNC's Balance Sheet Analytics & Modeling Home Lending Mortgage organization, you will based in Tysons Corner, VA, Pittsburgh, PA or East Brunswick, NJ. This position is primarily based in PNC location. Responsibilities require time in the office or in the field on a regular basis. Some responsibilities may be performed remotely, at manager's discretion.

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 Consultant within PNC's Balance Sheet Analytics & Modeling Home Lending Mortgage organization, you will based in Tysons Corner, VA, Pittsburgh, PA or East Brunswick, NJ. This position is primarily based in PNC location. Responsibilities require time in the office or in the field on a regular basis. Some responsibilities may be performed remotely, at manager's discretion.

As a Quantitative Analytics & Model Development Consultant, within PNC's Home Lending Modeling team, you will be based in Tyson's Corner, Virginia. You will conduct credit risk model development and complex quantitative analyses on large data sets for CECL / CCAR applications and business initiatives. This role will focus primarily on the Probability of Default (PD) model and the Loss Given Default (LGD) for Residential Loans. You will be responsible for developing and maintaining these models for use in reserving, stress testing, and business decision-making, as well as serve as a reliable partner to support the execution of the models, review and analyze results of the models.

Preferred Skills And Experience

• BA/BS in a STEM related field and 5+ years of experience in credit risk modeling. Less experience combined with advanced degrees may be considered
• Knowledge of statistical modeling
• Strong working knowledge of Python
• Hands-on credit risk modeling experience is a plus
• Knowledge of CECL and CCAR is a plus
• Experience with big data/PySpark/Hadoop/Machine Learning is a plus
• Solid technical writing skills are a plus
• Team player, self-starter and good communication skills.
  
  

PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

Job Description

• 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 on-going 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.
  
  

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 5+ years of industry-relevant experience. Specific certifications are often required. 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)

Benefits

PNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include: 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.

In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 8 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.

To learn more about these and other programs, including benefits for full time and part-time employees, visit Your PNC Total Rewards.

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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  General Business, Management, and Business Development

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