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. As a(n) Quantitative Analytics & Model Development Consultant within PNC's Balance Sheet Analytics & Modeling Group-Model Monitoring, you will be based in Pittsburgh, PA, Cleveland, OH, NYC, NY, Washington, DC, Tyson's Corner, VA or Raleigh, NC.
This position will facilitate the development of model monitoring systems for Wholesale models (PD, LGD and EAD) that have various applications across the bank including capital, stress testing (CCAR), reserves (CECL) and portfolio management. Primary activities include working with key stakeholders and developers to identify key performance indicators, design and implement analyses that support back-testing and benchmarking, and present model performance results to management. This position will be a key participant in the following activities:
BA/BS in a STEM related degree. Statistics. Masters or PhD is a plus.
Strong Programming skills with SAS, R or Python (i.e. matplotlib, pandas, scipy)
Hadoop, Teradata, Oracle
5+ years of experience with statistical and data analyses
Strong verbal and written communication skills for analysis and technical writing tasks
Please note; PNC will not sponsor work visas for this role.
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:
Bank Quantitative Analysis
Data Gathering and Reporting
Knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices.
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 and experience (including military service) may be considered.
Disability Accommodations Statement:
The PNC workplace is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the PNC Careers website or submission process, please call 877-968-7762 and select Option 4: Recruiting or contact us via email at email@example.com.
The Human Resources Service Center hours of operation are Monday
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.
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.