Quantitative Analytics/Modeling Consultant - Internal Audit

About the Role

Key Responsibilities

• Independently perform complex quantitative analyses and develop models to support decision-making and run quantitative strategies.
• Develop new model frameworks, support line of business, and refine, monitor, and validate existing models.
• Conduct qualitative and quantitative assessments of models, including theoretical aspects, design, implementation, data quality, and integrity.
• Review model documentation and validation reports to ensure conceptual soundness and regulatory compliance, documenting findings in audit workpapers and potential issues.
• Perform ongoing issue monitoring, remediation testing, and follow-up to ensure management completes required actions and regulatory matters are addressed.
• Use data analytic and alternative modeling techniques to challenge datasets and models developed by model developers.
• Support meetings with clients and regulators, assist in preparing agendas and documenting minutes.
• Stay informed on latest modeling techniques, academic research, and regulatory changes.

Requirements

• Sound statistical, mathematical, and analytical background to understand quantitative risk models.
• Experience with statistical and financial modeling software or programming languages such as SAS, Python, R, and SQL.
• Excellent communication and presentation skills, with ability to build strategic relationships.
• Ability to work effectively in a team environment with both quantitative and non-quantitative members.
• Knowledge of regulations such as CECL, CCAR, Anti-Money Laundering, Fair Lending is highly desirable.
• Bachelor's degree, preferably a Masters or PhD in Statistics, Economics, Finance, Engineering, Mathematics.
• Typically 5-8 years of experience in modeling or quantitative analytics in financial services.
• Demonstrated project and time management skills, with ability to handle multiple projects and meet deadlines.
• Interest or experience in providing peer mentorship and support.

Nice to Have

• Analytical Thinking
• Credit Risks
• Data Analytics
• Financial Analysis
• Model Development
• Operational Risks
• Quantitative Models
• Risk Appetite

Qualifications

• Higher education such as a Masters or PhD in a quantitative field is preferred.
• Industry relevant experience typically 8+ years.
• No required certifications or licenses.

Benefits & Perks

• Comprehensive range of benefits including medical, dental, vision, life insurance, short and long-term disability.
• 401(k) with PNC match, pension, stock purchase plans.
• Dependent care reimbursement, back-up child/elder care, adoption, surrogacy, and doula reimbursement.
• Educational assistance, wellness programs, paid time off including holidays, vacation, parental leave, and more.