Quantitative Model Validation Officer I

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. Independently perform model validations spanning credit risk, market risk, and capital planning domains to assess fit for purpose, conceptual soundness, mathematical theory and construct, assumptions, data/assumptions, and output reasonableness.

2. Work with Senior Model Validation Officer on more complex model validation findings and remediation.

3. Evaluate other model controls such as model performance tracking, change management, access control, and documentation.

4. Evaluation of validation findings remediation activity including analytical evaluation of residual risk.

5. Document validation effort in the form of a written report.

6. Directly support and assist in the duties of the Senior Model Validation Officer.

REQUIREMENTS

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. Master's degree in a quantitative discipline or equivalent education and related training.

2. Basic computer programming skills (Python, MatLab, SAS, VBA, etc.).

3. Excellent communication (verbal and written), organizational and interpersonal skills.

4. High attention to detail and ability to think at the organizational level.

Preferred Qualifications:

5. Ph.D. in quantitative finance, mathematics, statistics or a related field.

6. One or more of CFA/PRM/FRM professional designation.

7. Advanced competency programming in languages such as Java, C++, TensorFlow, SAS etc.

8. Exposure to one or more financial modeling disciplines such as credit score modeling, asset-liability management, stress testing, term structure modeling, fraud detection, value-at-risk, capital planning models, loan loss reserve (CECL) modeling, etc.

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.