Senior Quantitative Modeling Analyst

PNC Financial Services Group, Inc. Pittsburgh , PA 15201

Posted 2 months ago

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 Senior Quantitative Modeling Analyst, you will be located in PNC's downtown, Pittsburgh, PA location, Cleveland, Ohio, Wilmington, DE, Charlotte, NC, Tyson's Corner, VA, Washington, DC or NYC, NY.

As a member of the Non-Residential Retail Model Development team you will be responsible for developing, implementing and maintaining of PD, LGD, EAD and other models that support our retail businesses including Credit Card, Auto, Student lending and Other Consumer loans. This includes stress testing (CCAR/DFAST) and reserves (CECL) models. You will work closely with our business partners, independent risk management and audit, and will frequently present your work to senior PNC executives and regulators.

Job Description

Key Responsibilities:

Assist in the development of non-resi retail models for use in a variety of critical applications.

Implement and maintain new or modified models into the production environment and support PNC's CCAR/DFAST/CECL submissions

Work closely with model owners, line of business and risk managers to resolve model issues, improve models and analytics

Produce analytics in support of model development and production or other business needs that require employing statistical methodologies and/or data processing skills

Collect data from various sources, perform analysis and interpret results to assist in making impactful business decisions

Regularly review the performance monitoring of assigned models and methodologies.

Qualifications:

BS/BA in STEM related degree. Advanced degree (Masters or PhD) in Quantitative discipline such as Statistics, Mathematics, Operations Research, Econometrics etc. is preferred.

Excellent programming knowledge and experiences in Python/ R/ SAS is a must.

3+ years of related working experience in financial services. Credit Risk area is preferred.

Knowledge on developing Probability of Default (PD), Loss given Default (LGD) and Exposure at Default (EAD) models. Retail experience is preferred.

Excellent data manipulation skills on large data sets with ability to source data from Oracle/SQL/Hadoop

Ability to solve problems while working under pressure, and undertake, execute and deliver on-time multiple simultaneous projects under tight deadlines

A team player with the ability to develop relationships with non-quantitative partners and stakeholders

Excellent written and verbal communication skills

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.

Please note: PNC will not sponsor work visas for this position.

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.

Competencies

Bank Quantitative Analysis

  • Knowledge of and ability to use numerical methods to develop statistical models for devising trading strategies.

Consulting

  • Knowledge of techniques, roles, and responsibilities in providing technical or business guidance to clients, both internal and external; ability to apply this knowledge appropriately to diverse situations.

Data Gathering and Reporting

  • Knowledge of and ability to utilize tools, techniques and processes for gathering and reporting data in a particular department or division of a company.

Effective Communications

  • Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.

Predictive Analytics

  • Knowledge of, experience with and ability to use the tools, processes and practices for predicting business trends and providing forecasts that drive business decisions and business planning.

Quantitative Techniques

  • Knowledge of and ability to use quantitative tools and techniques to measure and analyze risks.

Regulatory Environment

  • Financial Services

  • Knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices.

Testing

  • Knowledge of and ability to plan, implement and manage testing strategies, policies and practices that assure the delivery of high quality applications.

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 and experience (including military service) may be considered.

Education

Bachelors

Additional Job Description

Benefits

PNC offers employees 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; maternity and parental leave; paid holidays, vacation days and occasional absence time; 401(k), pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about these and other programs, including benefits for part-time employees, visit pncbenefits.com > New to PNC.

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 pathfinder@pnc.com.

The Human Resources Service Center hours of operation are Monday

  • Friday 9:00 AM to 5:00 PM ET.

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.

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.

ArrayArrayAs a Senior Quantitative Modeling Analyst, you will be located in PNC's downtown, Pittsburgh, PA location, Cleveland, Ohio, Wilmington, DE, Charlotte, NC, Tyson's Corner, VA, Washington, DC or NYC, NY. As a member of the Non-Residential Retail Model Development team you will be responsible for developing, implementing and maintaining of PD, LGD, EAD and other models that support our retail businesses including Credit Card, Auto, Student lending and Other Consumer loans.

You will work closely with our business partners, independent risk management and audit, and will frequently present your work to senior PNC executives and regulators. Assist in the development of non-resi retail models for use in a variety of critical applications. Implement and maintain new or modified models into the production environment and support PNC's CCAR/DFAST/CECL submissions.

Work closely with model owners, line of business and risk managers to resolve model issues, improve models and analytics. Produce analytics in support of model development and production or other business needs that require employing statistical methodologies and/or data processing skills. Collect data from various sources, perform analysis and interpret results to assist in making impactful business decisions.

Regularly review the performance monitoring of assigned models and methodologies. 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. 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. Bank Quantitative Analysis

  • Knowledge of and ability to use numerical methods to develop statistical models for devising trading strategies. Consulting

  • Knowledge of techniques, roles, and responsibilities in providing technical or business guidance to clients, both internal and external; ability to apply this knowledge appropriately to diverse situations. hiring practices, enterprise risk management framework, communications, bank quantitative analysis, predicting, financial services, performance, forecasts, managing risk, service, sas, analytics, data manipulation, stress testing, business, data analytics, lending, support, data, decision-making, reporting, ability to plan, data gathering, numerical methods, implementation, statistical, communication, analyst, drive, datasets, model development, model design, stakeholders, verbal communication skills, monitors, detailed, data quality, predictive analytics, quantitative techniques, business planning, trading strategies, programming, econometrics, statistical models, effective communication, solve problems, consumer loans, effective communications, focused, sql, audit, team player, quantitative modeling, quantitative analysis, research, independent, analytics., risk management, customer needs, assessing, Senior Quantitative Analyst, Quantitative Analyst, Predictive Modeling Analyst, Quantitative Developer, Statistical Modeler, Quantitative Analyst Intern, Senior Associate

  • Market Risk Methodologies Division, Credit Statistics Analyst, Senior Analyst & Data Scientist, Junior Data Scientist

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Senior Quantitative Modeling Development Analyst

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Posted 2 months ago

VIEW JOBS 12/14/2021 12:00:00 AM 2022-03-14T00:00 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 Senior Quantitative Modeling Analyst, you will be located in PNC's downtown, Pittsburgh, PA location, Cleveland, Ohio, Wilmington, DE, Charlotte, NC, Tyson's Corner, VA, Washington, DC or NYC, NY. As a member of the Non-Residential Retail Model Development team you will be responsible for developing, implementing and maintaining of PD, LGD, EAD and other models that support our retail businesses including Credit Card, Auto, Student lending and Other Consumer loans. This includes stress testing (CCAR/DFAST) and reserves (CECL) models. You will work closely with our business partners, independent risk management and audit, and will frequently present your work to senior PNC executives and regulators. Job Description Key Responsibilities: Assist in the development of non-resi retail models for use in a variety of critical applications. Implement and maintain new or modified models into the production environment and support PNC's CCAR/DFAST/CECL submissions Work closely with model owners, line of business and risk managers to resolve model issues, improve models and analytics Produce analytics in support of model development and production or other business needs that require employing statistical methodologies and/or data processing skills Collect data from various sources, perform analysis and interpret results to assist in making impactful business decisions Regularly review the performance monitoring of assigned models and methodologies. Qualifications: BS/BA in STEM related degree. Advanced degree (Masters or PhD) in Quantitative discipline such as Statistics, Mathematics, Operations Research, Econometrics etc. is preferred. Excellent programming knowledge and experiences in Python/ R/ SAS is a must. 3+ years of related working experience in financial services. Credit Risk area is preferred. Knowledge on developing Probability of Default (PD), Loss given Default (LGD) and Exposure at Default (EAD) models. Retail experience is preferred. Excellent data manipulation skills on large data sets with ability to source data from Oracle/SQL/Hadoop Ability to solve problems while working under pressure, and undertake, execute and deliver on-time multiple simultaneous projects under tight deadlines A team player with the ability to develop relationships with non-quantitative partners and stakeholders Excellent written and verbal communication skills 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. Please note: PNC will not sponsor work visas for this position. 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. Competencies Bank Quantitative Analysis - Knowledge of and ability to use numerical methods to develop statistical models for devising trading strategies. Consulting - Knowledge of techniques, roles, and responsibilities in providing technical or business guidance to clients, both internal and external; ability to apply this knowledge appropriately to diverse situations. Data Gathering and Reporting - Knowledge of and ability to utilize tools, techniques and processes for gathering and reporting data in a particular department or division of a company. Effective Communications - Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors. Predictive Analytics - Knowledge of, experience with and ability to use the tools, processes and practices for predicting business trends and providing forecasts that drive business decisions and business planning. Quantitative Techniques - Knowledge of and ability to use quantitative tools and techniques to measure and analyze risks. Regulatory Environment - Financial Services - Knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices. Testing - Knowledge of and ability to plan, implement and manage testing strategies, policies and practices that assure the delivery of high quality applications. 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 and experience (including military service) may be considered. Education Bachelors Additional Job Description Benefits PNC offers employees 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; maternity and parental leave; paid holidays, vacation days and occasional absence time; 401(k), pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about these and other programs, including benefits for part-time employees, visit pncbenefits.com > New to PNC. 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 pathfinder@pnc.com. The Human Resources Service Center hours of operation are Monday - Friday 9:00 AM to 5:00 PM ET. 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. 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. ArrayArrayAs a Senior Quantitative Modeling Analyst, you will be located in PNC's downtown, Pittsburgh, PA location, Cleveland, Ohio, Wilmington, DE, Charlotte, NC, Tyson's Corner, VA, Washington, DC or NYC, NY. As a member of the Non-Residential Retail Model Development team you will be responsible for developing, implementing and maintaining of PD, LGD, EAD and other models that support our retail businesses including Credit Card, Auto, Student lending and Other Consumer loans. You will work closely with our business partners, independent risk management and audit, and will frequently present your work to senior PNC executives and regulators. Assist in the development of non-resi retail models for use in a variety of critical applications. Implement and maintain new or modified models into the production environment and support PNC's CCAR/DFAST/CECL submissions. Work closely with model owners, line of business and risk managers to resolve model issues, improve models and analytics. Produce analytics in support of model development and production or other business needs that require employing statistical methodologies and/or data processing skills. Collect data from various sources, perform analysis and interpret results to assist in making impactful business decisions. Regularly review the performance monitoring of assigned models and methodologies. 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. 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. Bank Quantitative Analysis - Knowledge of and ability to use numerical methods to develop statistical models for devising trading strategies. Consulting - Knowledge of techniques, roles, and responsibilities in providing technical or business guidance to clients, both internal and external; ability to apply this knowledge appropriately to diverse situations. research, solve problems, team player, audit, business planning, quantitative techniques, focused, managing risk, data manipulation, ability to plan, lending, verbal communication skills, data quality, bank quantitative analysis, quantitative modeling, sql, data gathering, model design, predictive analytics, service, quantitative analysis, model development, performance, decision-making, stakeholders, statistical, datasets, customer needs, business, effective communications, implementation, independent, trading strategies, consumer loans, data, assessing, enterprise risk management framework, detailed, financial services, analytics, analyst, communication, statistical models, communications, risk management, sas, stress testing, econometrics, programming, data analytics, effective communication, drive, support, Senior Quantitative Analyst, Quantitative Analyst, Predictive Modeling Analyst, Quantitative Developer, Senior Analyst & Data Scientist, Quantitative Analyst Intern, Senior Data Scientist III, Senior Associate Analytics, Financial Modeling & Marketing Analytics Consultant, Senior Associate - Market Risk Methodologies Division PNC Financial Services Group, Inc. Pittsburgh PA

Senior Quantitative Modeling Analyst

PNC Financial Services Group, Inc.