Financial Services

PNC Financial Services Group   Pittsburgh, PA   Full-time
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Finance QUANTITATIVE ANALYTICS AND MODEL DEVELOPMENT CONSULTANT The PNC Financial Services Group, Inc. seeks a Quantitative Analytics and Model Development Consultant in Pittsburgh, PA to participate in all aspects of model validation activities. Specific duties include: (i) work with Model Owners and Specialists and independently perform validations of high impact models in compliance with OCC 2011-12 and PNC's Model Validation Policy and Guidelines; (ii) as member of the Model Risk Management Group, provide oversight and execution to the model validation activities; (iii) receive and review data and assumptions used in models, including model output, in preparation for model validation; (iv) conduct robust and comprehensive model validation testing and analysis in accordance with PNC's Model Validation Policy and Guidelines; (v) document and present model validation results to the head of the Model Risk Management Group; and (vi) provide support/analysis on key models assigned, such as mortgage servicing models, QRM, or other complex models. Master's degree in Quantitative Finance, Financial Markets, Financial Engineering, Statistics, Economics, Business or Mathematics plus 3 years of experience in position(s) requiring quantitative financial modeling or validation is required. Experience must include: (i) asset valuation, loss forecasting, capital calculation and/or risk analysis; (ii) work with a financial services firm/organization focusing on analytic applications in a modeling, model risk, or other quantitative capacity; (iii) SAS, R, VBA or Matlab for statistical/stochastic modeling, simulation work and large data set data sets involving large numbers of records (>10K) or variables (>100) or source systems; (iv) development of testing methodologies including various statistical tests and stress tests and the creation of working papers. Must have knowledge of modeling methodologies and designs and the impact of models on business decision-making. 40 hours/week, 8:00 a.m.-5:00 p.m. Interested individuals apply online at www.pnc.com using keyword 266475BR. PNC provides equal 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.
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PNC Financial Services Group

Pittsburgh, PA