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PNC · 2 months ago

Quantitative Analytics and Model Consultant - Anti Money Laundering (AML) and Fraud Model Validation

Pittsburgh, PA

Full-time

Onsite

Mid, Senior Level

$78K/yr - $166K/yr

5+ years exp

PNC is a company that values its people as its greatest differentiator and is seeking a Quantitative Analytics/Modeling Consultant within its Model Risk Management organization. The role involves performing rigorous independent reviews of models related to fraud and anti-money laundering, as well as collaborating with stakeholders to communicate validation results and insights.

BankingFinanceFinancial Services

No H1B

Responsibilities

Independent Model Review: Perform qualitative and quantitative assessments of all aspects of models including data quality and integrity, theoretical assumptions and methodologies, and performance testing; Specific duties include: (i) assess conceptual soundness and performance of models based on detailed model documentation and testing results (ii) perform independent testing of model assumptions (iii) use quantitative tools and techniques to measure and analyze model risks; (iv) evaluate identified model risks and reach conclusions on strengths and limitations of the model; (v) conduct on-going communication with model stakeholders such as developers, owners and reviewers; and (vi) prepare detailed validation reports on quantitative models/tools for internal/external communications and/or regulatory compliance, using applicable templates

Stakeholder Collaboration and Communication: Establish effective relationships with key stakeholders, including model owners and model developers. Communicate validation results and insights clearly and concisely to both technical and non-technical audiences, including regulatory staff members. Collaborate within the Model Risk Management team to enhance validation processes and contribute to the continual improvement of market and counterparty risk management practices within the organization

Qualification

Model ValidationQuantitative AnalysisSQLPythonStatistical ModelingData AnalyticsFinancial AnalysisAnalytical ThinkingStakeholder CollaborationEffective Communication