PNC · 3 months ago
Quantitative Analytics & Model Development Analyst Senior - Balance Sheet Analytics & Modeling
Pittsburgh, PA
Full-time
Onsite
Mid, Senior Level
$55K/yr - $157K/yr
3+ years expPNC is a company that values its people as its greatest differentiator and competitive advantage. They are seeking a Senior Quantitative Analytics & Model Development Analyst to support the Commercial Credit Analytics team, focusing on model monitoring and data management practices to enhance model performance. The role involves collaboration with various stakeholders and the development of analytical tools to drive insights.
BankingFinanceFinancial Services
No H1B
Responsibilities
Monitor performance of Risk Rating models (PD, LGD, EAD) and CECL/CCAR loss forecasting frameworks
Partner with underwriters, credit officers, model owners, and developers to assess results and derive actionable model insights
Deliver performance updates and insights to senior leadership and governance committees
Contribute to Commercial Data Domain initiatives related to risk parameter management
Support automation and centralization efforts for model monitoring and analytics processes
Build and enhance analytical tools and reports using Python and SQL to meet evolving business needs
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 ongoing 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
Qualification
Required
Degree in a quantitative field such as Statistics, Mathematics, Economics, Finance, or Data Science
Experience with credit risk modeling, including PD, LGD, EAD, CECL, and CCAR frameworks
Proficiency in Python and SQL for data analysis, automation, and reporting
Familiarity with model performance monitoring, validation, and governance processes
Ability to collaborate effectively with cross-functional teams including underwriters, credit officers, and model developers
Excellent communication skills for presenting technical findings to senior leadership and governance committees
Experience with data management practices and commercial lending portfolios
Independently performs advanced quantitative analyses and model development to drive 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 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
Roles at this level typically require a university / college degree, with 3+ years of relevant / direct industry experience
Preferred
Analytical Thinking
Credit Risks
Data Analytics
Financial Analysis
Model Development
Operational Risks
Quantitative Models
Risk Appetite
Bank Quantitative Analysis
Consulting
Data Gathering and Reporting
Effective Communications
Predictive Analytics
Quantitative Techniques
Regulatory Environment - Financial Services
Testing
Benefits
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
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
Company
PNC
PNC is a financial service company providing bank deposits products and services to its community.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
unknown1975-11-17IPO
Leadership Team
Keith Hayes
SVP, PNC Aviation Finance
M
Michael Gaber
Senior Vice President - Originations
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