Director, PPNR and Balance Sheet Model Development I
Director, PPNR and Balance Sheet Model Development I
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Job Description
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
JOB SUMMARYThe position is for the leader of the PPNR and Balance Sheet Model Development team within Truists Financial Management Quantitative Analytics department. Financial Management Quantitative Analytics is responsible for the development and documentation of models supporting capital stress testing asset and liability management NII forecasting EVE and other corporate initiatives. The incumbent serves in a leadership role supporting endtoend execution of analytics projects including model development documentation and deployment. Quantitative analytics projects may include but not be limited to development of income and expense forecasting deposit behavioral new volume spread and portfolio management models.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed both major and minor which are not mentioned below. Specific activities may change from time to time.
1. Responsible for the PPNR and Balance sheet area of excellence within Financial Management Quantitative Analytics. The incumbent is accountable for their respective area of excellence including active engagement in CCAR internal stress testing capital planning NII forecasting ALM EVE and those associated models and qualitative methodologies. The incumbent ensures models and endtoend processes are efficient effective and meeting internal and external expectations. The incumbent develops relationships and works closely with Model Risk Management Internal and External Audit and Regulators to ensure favorable assurance outcomes.
2. Contribute to a positive and highly engaged team by championing a positive working environment through relationship development with peers direct reports and leadership proactively seek guidance clarification and feedback.
3. Manage a team of highly skilled quantitative problem solvers helping to solve complex business problems from strategy to execution as well as coaching teammates and encouraging them to take ownership of their development.
4. Act to resolve issues which prevent effective team working even during times of change and uncertainty.
5. Address substandard work or work that does not meet Truists or internal client expectations
6. Recruit and assist in the retention through contribution to a positive and highly engaged team of quantitative talent.
7. Develop relationships and connect models and other quantitative methodologies to business partners and subject matter experts.
8. Leverage multiple sources of information including broader stakeholder views to develop solutions and recommendations.
9. Translate quantitative complexities into business language to ensure the business partners and senior management understands how the models work including key strengths limitations and assumptions to enable robust challenge and appropriate controls.
10. Analyze complex ideas or proposals and build a range of meaningful recommendations.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. 7 years experience in financial services industry with focus on model development and quantitative analytics.
2. Masters degree in Statistics Econometrics Actuarial Science Applied Mathematics Operations Research or other applied quantitative science or equivalent education and related training
3. Econometric/statistical and analytical modeling. Retail wholesale credit risk mortgage prepayment models and/or complex discounted cash flow models
4. Analysis techniques of complex financial services data including programming and computational techniques for large data sets and quantitative analyses
5. Statistical techniques for analyzing financial data including: sampling optimization logistic regression linear regression decision tree analysis and cluster analysis
6. Model documentation and/or model validation report writing
7. Visualization techniques for summarizing complex financial data analysis
8. Utilizing SAS or R software Excel/VBA SQL and other programming languages and applications
9. Broad range of model development model testing model documentation and/or model validation tasks as well as performing associated data analysis and manipulation
10. Performing statistical model development estimation testing and implementation. Also requires the utilization of time series regression models macroeconomic forecasting / scenario generation models as well as other statistical and nonstatistical models
11. Utilizing verbal and written communication skills to interface effectively with internal stakeholders to include identifying and addressing internal client needs which include building services approaching internal clients in an organized manner and delivering findings clearly
12. Demonstrate flexibility in prioritizing and handling multiple tasks as well as utilizing problemsolving skills communicating effectively in written and verbal formats to various audiences (including various levels of management) in a professional business environment
Preferred Qualifications:
1. Experience with capital stress testing capital planning and regulatory deliverables
2. Knowledge of US Regulatory Requirements and best practices regarding risk process and risk frameworks including CCAR DFAST SR117 SR1518 SR1519 FASB CECL Guidance CCAR Summary Instructions and Guidance and the Capital Planning at Large Bank Holding Companies: Supervisory Expectations and Current Range of Practice
3. Knowledge of risk with the ability to engage with data management to source data identify additional relevant data sources and apply available data within the context of model development
4. Ability to implement a model conceptual design backtesting strategy identify theoretical underpinnings and assumptions and adherence of model to downstream user needs.
5. Strong verbal written interpersonal and consultative communication skills with welldeveloped presentation skills
6. Proficiency utilizing Microsoft Office tools to prepare and present analysis
7. Advanced skills SAS and SQL (or significant demonstrated experience with alternative quantitative programming languages R Matlab etc.)
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits though eligibility for specific benefits may be determined by the division of Truist offering the offers medical dental vision life insurance disability accidental death and dismemberment taxpreferred savings accounts and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by fulltime or parttime status) during their first year of employment along with 10 sick days (also prorated) and paid holidays. For more details on Truists generous benefit plans please visit our Benefits site. Depending on the position and division this job may also be eligible for Truists defined benefit pension plan restricted stock units and/or a deferred compensation plan. As you advance through the hiring process you will also learn more about the specific benefits available for any nontemporary position for which you apply based on fulltime or parttime status position and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race gender color religion citizenship or national origin age sexual orientation gender identity disability veteran status or other classification protected by law. Truist is a Drug Free Workplace.
EEO is the LawPay Transparency Nondiscrimination Provision EVerify
Required Experience:
Director
Employment Type
Full-Time
