Atlanta, Georgia

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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:

Lead model development efforts specific to finance and risk measurement estimation methodologies. Responsible for all or parts of the development life cycle of assigned quantitative models related to the company's management and mitigation of risk. Ensures that risks of assigned models are properly identified and managed. Partners across the firm including Risk Functions and lines of businesses to evaluate and improve assigned models continually. Areas of model development include market, commercial, retail, credit, financial crimes, CCAR, CECL, finance and compliance risk. This position may also lead periodic model review and validation finding mitigation following deployment.

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. Conduct/own most aspects 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. Develop, maintain and supervise monitoring, performance reporting, and change-management processes.  Work with stakeholders to ensure models fulfill the business objectives set for them.

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

4. Assist with mentoring and training to accelerate model development in areas of techniques, process and business knowledge.

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

6. Serve as core point of contact to address model questions within the firm as needed, including assurance providers (e.g., Corporate Model Risk Management, Corporate Audit, and regulators).  Support regulatory examinations and address respective requests.

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

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. Ten years of relevant experience in best practices, or equivalent financial industry experience developing, documenting, implementing, or validating quantitative models with concentration in a particular financial domain

2. Seven+ years of model development experience using SAS or other applicable model development software/programming tools

3. Strong English communication skills, both written and verbal

4. Ability to distill complex mathematical concepts into actionable results

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

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

7. Problem solving skills:  Strong problem solving skills

8. 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)

3. Experience in risk management

4. Knowledge/experience of best practices and current regulatory environment and associated expectations within the financial services industry

Truist supports a diverse workforce and is an Equal Opportunity Employer who does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Drug Free Workplace.

Thank you for your interest in Truist! BB&T and SunTrust have come together in a transformational merger of equals to create Truist, the premier financial organization in the country. You may notice references to our legacy company names, BB&T and SunTrust, in places throughout this site. All such references should be understood to refer to Truist moving forward while we continue to transition to the Truist name.

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Atlanta, Georgia

BB&T and SunTrust formed Truist with a shared purpose—to inspire and build better lives and communities. With our combined resources, collective passion, and commitment to innovation, we’re creating a better financial experience to help people and businesses achieve more. With 275 years of combined BB&T and SunTrust history, Truist serves approximately 12 million households with leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is the sixth-largest commercial bank in the U.S. Truist Bank, Member FDIC.

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