Quantitative Analytics & Model Development Analyst Sr.-Implementation

Position Overview

At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers.

As a(n) position title within PNC's name of division organization, you will be based in city / state location of position .

Job Profile

Position Overview

The PNC Financial Services Group, Inc., is a diversified financial services company which operates three primary segments : Retail Banking, Corporate & Institutional Banking, and Asset Management Group.

The Company offers a wide range of products and services, including retail products, commercial & industrial and commercial real estate loans, and residential real estate loans.

At PNC, our people are the greatest differentiator and competitive advantage in serving the needs of our customers and communities.

This position will be located in Pittsburgh, PA, Cleveland, Ohio, Wilmington, DE, Charlotte, NC, Tyson’s Corner, VA, Washington, DC or NYC, NY.

As a member of the Non-Residential Retail Model Development team you will be responsible for developing, implementing and maintaining of PD, LGD, EAD and other models that support our retail businesses including Credit Card, Auto, Student lending and Other Consumer loans.

This includes stress testing (CCAR / DFAST), reserves (ALLL / CECL) and Basel RWA. You will work closely with our business partners, independent risk management and audit, and will frequently present your work to senior PNC executives and regulators.

Key Responsibilities :

• Implement and maintain new or modified models into the production environment and support PNC's CCAR / DFAST / CECL submissions
• Assist in the development of non-residential retail models for use in a variety of critical applications.
• Work closely with model owners, line of business and risk managers to resolve model issues, improve models and analytics
• Produce analytics in support of model development and production or other business needs that require employing statistical methodologies and / or data processing skills
• Collect data from various sources, perform analysis and interpret results to assist in making impactful business decisions
• Regularly review the performance monitoring of assigned models and methodologies.

Qualifications :

• BS / BA in STEM related degree. Masters or PhD as Statistics, Mathematics, Operations Research, Econometrics etc. is preferred.
• Excellent programming knowledge and experiences in SAS / Python is a must.
• 3+ years of related working experience in financial services. Credit Risk area is preferred.
• Knowledge of developing PD, LGD, EAD models. Retail experience is preferred.
• Excellent data manipulation skills on large data sets with ability to source data from Oracle / SQL / Hadoop
• Ability to solve problems while working under pressure.
• Ability to undertake, execute and deliver on-time multiple simultaneous projects under tight deadlines
• A team player with the ability to develop relationships with non-quantitative partners and stakeholders
• Excellent written and verbal communication skills

Please note : PNC will not sponsor work visas for this position.

Job Description

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 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.

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 PNC's Enterprise Risk Management Framework.

Competencies

Bank Quantitative Analysis Knowledge of and ability to use numerical methods to develop statistical models for devising trading strategies.

Consulting Knowledge of techniques, roles, and responsibilities in providing technical or business guidance to clients, both internal and external;

ability to apply this knowledge appropriately to diverse situations.

Data Gathering and Reporting Knowledge of and ability to utilize tools, techniques and processes for gathering and reporting data in a particular department or division of a company.

Effective Communications Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.

Predictive Analytics Knowledge of, experience with and ability to use the tools, processes and practices for predicting business trends and providing forecasts that drive business decisions and business planning.

Quantitative Techniques Knowledge of and ability to use quantitative tools and techniques to measure and analyze risks.

Regulatory Environment - Financial Services Knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices.

Testing Knowledge of and ability to plan, implement and manage testing strategies, policies and practices that assure the delivery of high quality applications.

Work Experience

Roles at this level typically require a university / college degree, with 3+ years of relevant / direct industry experience.

Certifications are often desired. In lieu of a degree, a comparable combination of education and experience (including military service) may be considered.

Education

Bachelors

Disability Accommodations Statement :

The PNC workplace is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the PNC Careers website or submission process, please call 877-968-7762 and select Option 4 : Recruiting or contact us via email at [email protected].

The Human Resources Service Center hours of operation are Monday - Friday 9 : 00 AM to 5 : 00 PM ET.

Equal Employment Opportunity (EEO) :

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.

California Residents

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