PNC Financial Services

Senior Quantitative Analytics/Modeling Consultant - Model Auditing

PNC Financial Services

Chicago, IL, USA
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

Welcome to PNC Financial Services, where we are dedicated to helping our clients achieve their financial goals through innovative solutions and expert guidance. As a Senior Quantitative Analytics/Modeling Consultant, you will play a crucial role in ensuring the accuracy and effectiveness of our financial models through model auditing. We are seeking a highly skilled and experienced professional who thrives in a dynamic and fast-paced environment and has a strong background in quantitative analytics and modeling. If you are passionate about utilizing your expertise to drive impactful results and provide valuable insights, we encourage you to apply for this exciting opportunity.

  1. Develop and maintain complex financial models to support decision making and strategic planning for the organization.
  2. Conduct thorough model audits to ensure accuracy, validity, and compliance with industry standards and regulations.
  3. Collaborate with cross-functional teams to understand business needs and provide recommendations for improving existing models.
  4. Analyze large datasets and identify trends and patterns to inform model development and validation.
  5. Implement and monitor performance metrics to measure the effectiveness of financial models and make necessary adjustments.
  6. Stay updated with industry trends and best practices in quantitative analytics and modeling, and incorporate them into the organization's processes.
  7. Communicate complex technical concepts and findings to non-technical stakeholders in a clear and concise manner.
  8. Mentor and train junior team members on model development, validation, and auditing processes.
  9. Identify potential risks and issues related to financial models and develop mitigation strategies.
  10. Collaborate with external stakeholders, such as auditors and regulatory bodies, to ensure compliance with relevant regulations and guidelines.
Where is this job?
This job is located at Chicago, IL, USA
Job Qualifications
  • Advanced Quantitative Skills: A Senior Quantitative Analytics/Modeling Consultant At Pnc Financial Services Should Possess Strong Quantitative Skills, Including Advanced Knowledge In Statistical Modeling, Data Analysis, And Financial Mathematics. They Should Be Able To Apply These Skills To Evaluate And Audit Complex Models Used In Financial Decision-Making.

  • Experience In Model Auditing: The Ideal Candidate Should Have A Proven Track Record Of Conducting Model Audits In A Financial Services Environment. They Should Be Familiar With Industry Regulations And Best Practices Related To Model Risk Management And Model Validation.

  • Knowledge Of Financial Products And Services: Pnc Financial Services Offers A Wide Range Of Financial Products And Services, And The Senior Quantitative Analytics/Modeling Consultant Should Have A Deep Understanding Of These Offerings. This Knowledge Is Crucial For Assessing The Accuracy And Effectiveness Of Models Used In Risk Management, Pricing, And Other Critical Areas.

  • Communication And Collaboration Skills: As A Senior Quantitative Analytics/Modeling Consultant, The Candidate Will Be Expected To Work Closely With Various Stakeholders, Including Model Developers, Business Analysts, And Risk Managers. Strong Communication And Collaboration Skills Are Essential For Effectively Presenting Audit Findings And Recommendations To These Stakeholders.

  • Industry Experience: Pnc Financial Services Is A Leading Financial Institution, And The Senior Quantitative Analytics/Modeling Consultant Should Have Relevant Industry Experience. They Should Have A Thorough Understanding Of The Financial Services Landscape, Including Current Market Trends, Regulatory Requirements, And Emerging Risks. This Knowledge Will Enable Them To Provide Valuable Insights And Recommendations For Improving Models And Mitigating Risk.

Required Skills
  • Risk Management

  • Financial Analysis

  • Project Management

  • Programming

  • Data Analysis

  • Communication

  • Problem Solving

  • Forecasting

  • Data Mining

  • Statistical modeling

  • Team Leadership

  • Model validation

Soft Skills
  • Communication

  • Conflict Resolution

  • Emotional Intelligence

  • Leadership

  • Time management

  • creativity

  • Teamwork

  • Adaptability

  • Problem-Solving

  • Empathy

Compensation

According to JobzMall, the average salary range for a Senior Quantitative Analytics/Modeling Consultant - Model Auditing in Chicago, IL, USA is between $130,000 to $185,000 per year. This range may vary depending on the specific company, industry, and experience level of the individual.

Additional Information
PNC Financial Services is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedNovember 4th, 2024
Apply BeforeJuly 20th, 2025
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About PNC Financial Services

PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 19 states and the District of Columbia with 2,459 branches and 9,051 ATMs.

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