NewYorkRecruiter Since 2001
the smart solution for New York jobs

Quant Anl/Md Analyst Sr

Company: PNC
Location: New York
Posted on: September 22, 2019

Job Description:

Position Overview he PNC Financial Services Group, Inc., is a diversified financial services company which operates four primary segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Company offers a wide range of products and services, including commercial & industrial and commercial real estate loans, residential real estate loans, credit cards, and a full suite of treasury management and capital markets solutions. At PNC, our people are the greatest differentiator and competitive advantage in serving the needs of our customers and communities. This position will be located in PNC's Mid-Town NYC, NY location. As a member of the Commercial Model Development team you will be responsible for the creation and maintenance of PD, LGD, EAD and other models that support our commercial businesses. This includes risk rating, stress testing (CCAR/DFAST), Basel RWA, reserves (ALLL/CECL) and economic capital calculation. You will work closely with our business partners, independent risk management and audit, and will frequently present your work to senior PNC executives and regulators. Key Responsibilities: Develop, maintain and enhance commercial models for use in a variety of critical applications Enhance and maintain model development documentation Work closely with model owners, line of business and risk managers to improve models and analytics Collaborate with model risk management teams on validations and resolving model issues Produce ad-hoc analysis in support of model development or other business needs that require employing statistical methodologies and/or data processing skills Create presentations on model methodologies and outcomes to senior management and governance committees Collect data from various sources, perform analysis and interpret results to assist in making impactful business decisions Assist in the implementation of new or modified models into the production environment Regularly review the performance monitoring of assigned models and methodologies Qualifications: Experience developing Probability of Default (PD), Loss given Default (LGD) and Exposure at Default (EAD) models for commercial or wholesale portfolios (preferred) At least 3 years of working experience in a financial services company. Specific experience in the area of Credit Risk is preferred. Advanced degree (Masters or PhD) in Quantitative discipline such as Statistics, Mathematics, Operations Research, Econometrics etc. Advanced knowledge of Statistical Methods for model building, Machine Learning, Credit Migration Matrices. Good understanding of Financial Statements preferred Excellent programming knowledge in SAS/Python or R Experience in programming in a Unix environment Excellent data manipulation skills with ability to source data from Oracle/SQL/Hadoop Ability to solve problems while working under pressure, and undertake, execute and deliver on-time multiple simultaneous projects under tight deadlines A team player with the ability to develop relationships with non-quantitative partners and stakeholders Excellent written and verbal communication skills is a must. PLEASE NOTE: PNC will not sponsor work visa for this position. Job Description - Independently performs advanced quantitative analyses and model development to drive decision-making by running quantitative strategies. Makes recommendations based on analyses. - Analyzes and develops new model frameworks by supporting the line of business. Refines, monitors, and reviews existing models. Conducts on-going communication with model owners and model developers during the course of the review. Works with larger, more complex datasets to create models. - Performs quantitative analysis and develops complex reports. Performs qualitative and quantitative assessments of all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity. Analyzes complex data and associated quantitative analysis. Makes recommendations based on findings from data analytics. - Uses quantitative tools and techniques to measure and analyze model risks and reaches conclusions on strengths and limitations of the model. - Prepares and analyzes 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. 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, with 3+ years of relevant / direct industry experience. Certifications are often desired. In lieu of a degree, a comparable combination of education and experience (including military service) may be considered. Education Bachelors (Required) Disability Accommodations Statement: The PNC workplace is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the PNC Careers website or submission process, please call ************ and select Option 4: Recruiting or contact us via email at ******************. The Human Resources Service Center hours of operation are Monday - Friday 9:00 AM to 5:00 PM ET. Equal Employment Opportunity (EEO): PNC provides equal employment 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. For more than 160 years, we have been committed to supporting our customers, communities, employees and shareholders. At PNC, we are proud of our longstanding history of building strong communities that create financial opportunities for individuals, families and businesses. The commitment to creating a differentiated experience for our customers is driven by our commitment to doing the same for our employees. That means providing employees with the opportunities to make an impact, develop and grow, and be part of an inclusive culture where everyone is valued. It's how we make sure that we have the right people, in the right roles, doing their best work for our customers. PNC also offers customers - from individuals and small businesses, to corporations and government entities - a wide range of products and services. No matter how simple or complicated your needs, we're sure to have the products, knowledge and resources necessary to help you meet your financial goals.

Keywords: PNC, New York , Quant Anl/Md Analyst Sr, Accounting, Auditing , New York, New York

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category
within


Other Accounting, Auditing Jobs


Insurance and Financial Sales - LIFE INSURANCE LICENSED REQ'D (Paterson,NJ)
Description: CURRENT LIFE INSURANCE LICENSE REQUIRED TO BE CONSIDERED Are you an individual with a strong desire to succeed in the business world and help families at the same time We have a wide range of mortgage (more...)
Company: The Alliance
Location: Paterson
Posted on: 10/19/2019

Senior Data Engineer
Description: 114 5th Ave 22114 , United States of America, New York, New YorkAt Capital One, we're building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer (more...)
Company: Capital One
Location: New Hyde Park
Posted on: 10/19/2019

Documentation Process Specialist - III (Senior)
Description: Job Description br br Job Title: Documentation Process Specialist - III Senior br Duration: 12 Months br Location: Rahway, NJ br Job ID: 26858 br br Summary: ul li Under the direction (more...)
Company: TalentBurst
Location: Rahway
Posted on: 10/19/2019


Treasury Finance Senior Consultant
Description: Job DescriptionImportant Note: During the application process, ensure your contact information email and phone number is up to date and upload your current resume prior to submitting your application (more...)
Company: Wells Fargo
Location: New York
Posted on: 10/19/2019

Insurance and Financial Sales - LIFE INSURANCE LICENSED REQ'D (New York,NY)
Description: CURRENT LIFE INSURANCE LICENSE REQUIRED TO BE CONSIDERED Are you an individual with a strong desire to succeed in the business world and help families at the same time We have a wide range of mortgage (more...)
Company: The Alliance
Location: New York
Posted on: 10/19/2019

Private Equity Business Development
Description: Boutique, NY based Real Estate Fund is looking to aggressively
Company: Coda Search
Location: New York
Posted on: 10/19/2019

35M Warrant Officer: Human Intelligence Collection Technician
Description: Intelligence is crucial to the security of our Nation. By gathering information about an adversary's intentions, strengths, vulnerabilities, and capabilities, the military can plan, prepare, and defend (more...)
Company: Army National Guard
Location: West Orange
Posted on: 10/19/2019

Insurance and Financial Sales - LIFE INSURANCE LICENSED REQ'D (Yonkers,NY)
Description: CURRENT LIFE INSURANCE LICENSE REQUIRED TO BE CONSIDERED Are you an individual with a strong desire to succeed in the business world and help families at the same time We have a wide range of mortgage (more...)
Company: The Alliance
Location: Yonkers
Posted on: 10/19/2019

Senior Manager, Data Engineer
Description: 114 5th Ave 22114 , United States of America, New York, New YorkAt Capital One, we're building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer (more...)
Company: Capital One
Location: Valley Stream
Posted on: 10/19/2019

Senior Associate Technology
Description: Job Description br br Project Overview: We provide 24 7 support to L'Oreal Americas. Work with the key stakeholders from Digital IT and Brand on understanding the requirements. Create the design and (more...)
Company: TalentBurst
Location: New York
Posted on: 10/19/2019

Log In or Create An Account

Get the latest New York jobs by following @recnetNY on Twitter!

New York RSS job feeds