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Quantitative Model Development Analyst- Commercial

Quantitative Model Development Analyst- Commercial
Atlanta, GA
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Job Description

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Regular or Temporary:


Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Focus on an aspect of model development specific to finance and risk measurement estimation methodologies.
Responsible for an aspect of the development life cycle of quantitative models. Assist with identifying and escalating model risks. Develops awareness of key partnerships specific to models within targeted scope of responsibility.
Areas of model development include market, commercial, retail, credit, financial crimes, CCAR, CECL, finance and compliance risk. This position will participate in model reviews and validation finding mitigation following deployment.


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. Conduct/own a specific aspect of the model development life cycle. The model development life cycle includes data acquisition, assessing data integrity, model development, documentation, implementation assistance and assisting with closing assurance provider issue related to the model.

2. Maintain and execute monitoring, performance reporting, and adhere to change-management processes specific to assigned models. Work with model stakeholder(s) to ensure it fulfills the business objectives set for them.

3. Ensure assigned parts of model development projects and processes comply with Truist requirements for model risk management and other policy requirements.

4. Participate in mentoring and training programs to enhance model development knowledge in areas of techniques, process and business knowledge.

5. Assist with user understanding and acceptance of models and associate analytics, including written and verbal presentations to model users, stakeholders, managers and oversight groups.

6. Address model questions from partners within the firm as needed, including assurance providers, and escalate as needed.

7. Assist with identifying, recruiting, and maintaining, quantitative talent.


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. Model development experience using SAS or other applicable model development software/programming tools through academic study or internship.

2. Strong English communication skills, both written and verbal

3. Ability to distill complex mathematical concepts into actionable results

4. Strong work ethic; promote and conduct continued development of personal and associate knowledge base and technical skills

5. Organization skills: Ability to communicate and manage competing organizational priorities effectively

6. Problem solving skills: Strong problem solving skills

7. Education: Advanced degree or equivalent experience in Statistics, Econometrics, Operations Research, Actuarial Science, Applied Mathematics, or other applied quantitative science, or equivalent education and related training

Preferred Qualifications:

1. Master's degree/PhD

2. Relevant professional designation(s)

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 position. Truist 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 Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s 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 supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals 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 Law [Pay Transparency Nondiscrimination Provision]( transp_%20English_formattedESQA508c.pdf) E-Verify

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