drjobs Head of Objective Forecasting

Head of Objective Forecasting

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Job Location drjobs

Charlotte - USA

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

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Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

We are seeking a senior transformative leader to spearhead Truists Objective Forecasting function within the Quantitative Office. The Head of Objective Forecasting will lead the development of a consistent system of measurement for financial and capital planning which can inform strategy risk positioning and optimization. The Objective Forecasting team supports the models used in stress testing (CCAR) the allowance for credit loss (ACL/CECL) market valuation and earnings at risk (IRR) and market risk. This support includes the implementation production and monitoring of the credit loss and quantitative finance inventory of models. Importantly this function also drives the consolidated output and automation of the models financial output to create an objective measurement for the firms outlook and performance.

About the Quantitative Office
The Quantitative Office (QO) at Truist is a highly integrated enterprise-wide Quantitative Risk & Modeling Center of Excellence (COE) designed to unify all quantitative modeling disciplines supporting the risk and finance organizations under a single strategic framework. This function encompasses specialized divisions for Credit Loss Quantitative Finance Wholesale Risk Rating Retail Underwriting and Compliance and Financial Crimeseach responsible for developing and maintaining advanced models that support enterprise risk management and regulatory compliance. As a centralized hub the QO unifies modeling disciplines drives innovation and provides oversight for the majority of Truists most critical modelspositioning itself as a strategic engine for risk reduction and performance optimization.

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. Manage model development/estimation activities across the model life cycle including planning data acquisition estimation evaluation documentation approval model/business process integration and implementation

2. Build / lead a team of highly skilled quantitative model developers to develop risk models using advance modeling approaches and set the standard for excellent performance

3. Provide leadership / mentorship to other quantitative model development managers across various products modeling disciplines and complexities.

4. Establish maintain and administer model development infrastructure process and procedures

5. Assist various parties (e.g. lines of business leads) with identifying/assessing viable model development opportunities

6. Assist with model compliance activities as it relates to Model Risk Management/SR 11-7 policy/standards

7. Assist client (model owner) with integrating model into the business process and model deployment activities including production scoring support and sustainability as appropriate

8. Provide on-going model support specific to evaluation/surveillance and interpretation of model performance

9. Provide consultation and represent client (model owner) during 3rd party assurance provider (e.g. Model Risk Management Corp Audit regulatory bodies) reviews and Q&A activities

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. Bachelors degree in Statistics Econometrics Applied Mathematics Operations Research or other applied quantitative science or equivalent education and related training.

2. 10 years of relevant experience or equivalent financial industry experience developing documenting implementing or validating quantitative models

3. 15 years of relevant experience supervising teammates with a quantitative educational and/or work backgrounds.

Preferred Qualifications:

1. Masters degree or higher in Statistics Econometrics Mathematics or other applied quantitative science or equivalent education and related training.

Please note that this position can work out of any domestic US location but need to be willing to work eastern or central time zone work hours.

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 tax-preferred 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 full-time or part-time 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 non-temporary position for which you apply based on full-time or part-time 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 E-Verify


Required Experience:

Director

Employment Type

Full-Time

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