Sr. Quantitative Analytics & Model Development Manager

at  PNC Financial Services Group

Job Profile
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. We work together each day to foster an inclusive workplace culture where all our employees feel respected, valued, and have an opportunity to contribute to the company’s success. As a Sr. Quantitative Analytics & Model Development Manager within PNC’s Asset Liability Management / Balance Sheet Analytics & Modeling organization, you will be based in Pittsburgh, PA or other locations as noted on the job posting. Responsibilities require time in the office or in the field on a regular basis. Some responsibilities may be performed remotely, at the manager’s discretion.
As a Sr. Quantitative Analytics & Model Development Manager you will be a critical member of a collaborative team working with internal stakeholders to understand and translate their needs. You will be overseeing a portfolio of decisioning models and analytic processes. You will support – from conception through execution and governance – models covering PNC’s retail unsecured product lines across the credit risk lifecycle that contributes towards loss mitigation efforts and sound risk management.
You will utilize both Python and a modern machine learning stack that includes on premise GPU computing, open source Jupyter development environments, a Hadoop cluster, containerized API model deployment and data visualization business intelligence tools. You will use these tools to develop advanced risk predictive models that will be used to make decisions worth billions of dollars every month and therefore they need to be not only precise and accurate, but highly stable, explainable, compliant, secure, and useful.

ADDITIONAL PREFERRED SKILLS:

• Experience developing credit risk models / scorecards.
• Domain expertise with any retail & small business banking products and/or

risk management practices.

• Experience training and deploying machine learning models using common

Python open-source frameworks (i.e., scikit-learn) and/or Python DevOps

• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, SharePoint,

Teams and PowerBI)

• Experience working with FICO / TSYS

Job Description
Oversees the development, testing, and/or validation of quantitative models used for important business decisions and policies. Conducts robust and comprehensive model review testing and analysis in accordance with all applicable review procedures and lifecycle standards.
Oversees development of new model frameworks by supporting the line of business. Refines, monitors, and validates 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.
Directs complex qualitative and quantitative assessments of all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity. Confirms the reviews of complex reports and associated quantitative analysis. Validates existing models and assesses model risks.
Leads in evaluating identified model risks and reaches conclusions on strengths and limitations of the model.
Leads in the preparation and analysis of 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.
PNC also has fundamental expectations of our people managers. As a manager of talent in PNC, you will be expected to:
Include Intentionally - Cultivates diverse teams and inclusive workplaces to expand thinking.
Live the Values - Role models our values with transparency and courage.
Enable Change - Takes action to drive change and innovation that will transform our business.
Achieve Results - Takes personal ownership to deliver results. Empowers and trusts others in decision making.
Develop the Best - Raises the bar with every talent decision and guides the achievement of all employees and customers.
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. Higher level education such as a Masters degree, PhD, or certifications is desirable. Industry experience is typically 8+ years. At least 5 years of prior management experience is typically required. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
Education
Bachelors
Additional Job Description
Base Salary: $80,000 - $217,100
Salaries may vary within the range based on geographic location, market data and on individual skills, experience, and education.
Incentive: Role is incentive eligible with the payment based upon company, business and/or individual performance.
Application Window: Generally, this opening is expected to be posted for 48 business hours from 02/14/2024, although longer with business discretion .
Benefits
PNC offers employees a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include medical/prescription drug coverage (with a Health Savings Account feature); dental and vision options; employee and spouse/child life insurance; short- and long-term disability protection; maternity and parental leave; paid holidays, vacation days and occasional absence time; 401(k), pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about these and other programs, including benefits for part-time employees, visit pncbenefits.com > New to PNC.

Please refer the Job description for details