Senior Quantitative Model Development Manager (Market Risk) at BB&T (Atlanta, GA)

| Atlanta, GA
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Regular or Temporary:
Regular

Language Fluency: English (Required)

Work Shift:
1st shift (United States of America)

Please review the following job description:

The Senior Quantitative Model Development Manager manages model development activities specific to market risk management. Core responsibilities specific to the model development life cycle include planning, data appropriateness, model estimation, model evaluation/interpretation and ensuring models are fit for intended use. Assistance responsibilities, which vary from model to model, include business process integration, model deployment and on-going model evaluation.

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. Manage model development/estimation activities across the model life cycle, including planning, model evaluation, testing, documentation, approval, model/business process integration and implementation

2. Develop market risk models both as an individual contributor and as a leader of a team of quants using advance modeling approaches such as Monte Carlo, no-arbitrage pricing theory etc.

3. Provide leadership / mentorship to junior developers across various products, modeling disciplines and complexities.

4. Establish, maintain and administer model development infrastructure, process and procedures

5. Assist various parties (e.g., lines of business leads) with identifying/assessing viable model development opportunities

6. Assist with model compliance activities as it relates to Model Risk Management/SR 11-7 policy/standards

7. Assist client (model owner) with integrating model into the business process and model deployment activities, including production scoring support and sustainability, as appropriate

8. Provide on-going model support specific to evaluation/surveillance and interpretation of model performance

9. Provide consultation and represent client (model owner) during 3rd party assurance provider (e.g., Model Risk Management, Corp Audit, regulatory bodies) reviews and Q&A activities

QUALIFICATIONS

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. Bachelor degree in Statistics, Engineering, Applied Mathematics, Operations Research, or other applied quantitative science, or equivalent education and related training.

2. 8+ years of relevant experience developing market risk pricing models including mortgage pricing, fixed income and/or equity derivative pricing models

3. 3+ years of relevant experience supervising teammates with a quantitative educational and/or work backgrounds.

4. Advanced programming skills in Python, Excel VBA.

5. Excellent communication skill.

Preferred Qualifications:

1. Master's degree or higher in Statistics, Econometrics, Mathematics, or other applied quantitative science, or equivalent education and related training.

Truist supports a diverse workforce and is an Equal Opportunity Employer who does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Drug Free Workplace.

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More Information on BB&T
BB&T operates in the Fintech industry. The company is located in Winston-Salem, NC. BB&T was founded in 1872. It has 17829 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Disability Insurance, Dental Benefits, Vision Benefits, Health Insurance Benefits and Life Insurance. To see all 115 open jobs at BB&T, click here.
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