About the role

Perform qualitative and quantitative assessments of all aspects of models including data quality and integrity, theoretical assumptions and methodologies, and performance testing
Assess conceptual soundness and performance of models based on detailed model documentation and testing results
Perform independent testing of model assumptions
Use quantitative tools and techniques to measure and analyze model risks
Evaluate identified model risks and reach conclusions on strengths and limitations of the model
Conduct on-going communication with model stakeholders such as developers, owners and reviewers
Prepare detailed validation reports on quantitative models/tools for internal/external communications and/or regulatory compliance, using applicable templates
Establish effective relationships with key stakeholders, including model owners and model developers
Communicate validation results and insights clearly and concisely to both technical and non-technical audiences, including regulatory staff members
Collaborate within the Model Risk Management team to enhance validation processes and contribute to the continual improvement of market and counterparty risk management practices within the organization

Requirements

Master's degree or higher in a quantitative field such as Statistics, Finance, Economics, Operations Research, or Mathematics.
Experience developing models or validating models within the financial services industry or academic setting is required.
Strong English communication skills, both written and verbal, with the ability to convey complex technical concepts to diverse stakeholders.
Hands-on experience with SQL, SAS, Python, or R.

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
401(k) with PNC match
pension and stock purchase plans
dependent care reimbursement account
back-up child/elder care
adoption, surrogacy, and doula reimbursement
educational assistance, including select programs fully paid
a robust wellness program with financial incentives
maternity and/or parental leave
up to 11 paid holidays each year
8 occasional absence days each year, unless otherwise required by law
between 15 to 25 vacation days each year, depending on career level; and years of service