Quantitative Analytics & Model Development Analyst Data, Modeling & Analtyics
Pittsburgh, PA - USA
Job Summary
Role Overview:
We are seeking a Quantitative Analyst to join the Commercial Credit Analytics team at PNC. This role supports Wholesale Model Monitoring and the Commercial Data Domain within the Balance Sheet Analytics & Modeling organization. The position offers exposure to a broad range of commercial portfolios credit risk models and collaboration with subject matter experts. It also involves working with data management best practices to drive insights and enhance model performance. This position involves the following.
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.
Preferred skills and experience:
Degree in a quantitative field such as Statistics Mathematics Economics Finance or Data Science.
Proficiency in Python and SQL for data analysis automation and reporting.
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 credit risk modeling monitoring validation and governance processes is a plus
Experience with data management practices and commercial lending portfolios is a plus.PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.
- Under general supervision performs advanced quantitative analyses and models development to support 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 large data to create models.
- Performs quantitative analysis and develops 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.
- 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.
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 PNCs Enterprise Risk Management Framework.
Successful candidates must demonstrate appropriate knowledge skills and abilities for a role. Listed below are skills competencies work experience education and required certifications/licensures needed to be successful in this position.
To learn more about these and other programs including benefits for full time and part-time employees visit.
If an accommodation is required to participate in the application process please contact us via email at . Please include accommodation request in the subject line title and be sure to include your name the job ID and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call and say Workday for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.
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.
This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and for any registered role the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA) which prohibit the hiring of individuals with certain criminal history.
Required Experience:
IC