Senior Fraud Model Engineer & Risk Analyst

Truist Wealth; Charlotte (NC); Hybrid; USD 110,000 - 150,000; Full time

Job summary

Truist Financial Corporation in Charlotte, NC seeks a quantitative model developer for fraud model risk management. You will develop, validate, document and monitor statistical and machine learning fraud models, ensuring compliance with risk policies and stakeholder needs.

The role emphasizes documentation, model performance analysis, ongoing monitoring, and collaboration with model users and oversight groups across the firm.

Qualifications

• Two or more years of relevant experience in best practices, or equivalent financial industry experience developing, documenting, implementing, or validating quantitative models using SAS or other applicable model development software/programming tools
• Strong English communication skills, both written and verbal
• Ability to distill complex mathematical concepts into actionable results
• Strong work ethic; promote and conduct continued development of personal and associate knowledge base and technical skills
• Organization skills: Ability to communicate and manage competing organizational priorities effectively
• Problem solving skills: Strong problem solving skills
• Education: Advanced degree or equivalent experience in Statistics, Econometrics, Operations Research, Actuarial Science, Applied Mathematics, or other applied quantitative science, or equivalent education and related training

Responsibilities

• 1. Conduct specific aspects of the model development life cycle. The model development life cycle includes data acquisition, assessing data integrity, model development, documentation, implementation assistance and assisting with closing assurance provider issue related to the model.
• 2. Evaluate, develop and maintain monitoring, performance reporting, and change-management processes. Work with stakeholders to ensure models fulfill the business objectives set for them.
• 3. Ensure assigned parts of model development projects and processes comply with Truist requirements for model risk management and other policy requirements.
• 4. Request or assist with mentoring and training to accelerate model development in areas of techniques, process and business knowledge.
• 5. Assist with user understanding and acceptance of models and associate analytics, including written and verbal presentations to model users, stakeholders, managers and oversight groups.
• 6. Address model questions from partners within the firm as needed, including assurance providers.
• 7. Assist with identifying, recruiting, and maintaining, quantitative talent.

Job description

Truist Financial Corporation in Charlotte, NC seeks a quantitative model developer for fraud model risk management. You will develop, validate, document and monitor statistical and machine learning fraud models, ensuring compliance with risk policies and stakeholder needs.

The role emphasizes documentation, model performance analysis, ongoing monitoring, and collaboration with model users and oversight groups across the firm.