Quantitative Model Development Officer I- Fraud

Truist Bank

Charlotte, NC, United States
On-site
Fraud measurement estimation methodologies
Model development life cycle
Risk management
Lead model development efforts specific to fraud measurement estimation methodologies, responsible for all or parts of the development life cycle of assigned quantitative models related to fraud risk management

Job Summary

  • Lead model development efforts specific to fraud measurement estimation methodologies, responsible for all or parts of the development life cycle of assigned quantitative models related to fraud risk management.
  • Ensure model development projects and processes comply with Truist requirements for model risk management and other policy requirements, while advocating for user understanding and acceptance of models.
  • Serve as a core point of contact to address model questions within the firm, including assurance providers and regulatory examinations, and may supervise a small staff performing model development duties.

Matching Summary

Lead model development efforts specific to fraud measurement estimation methodologies, responsible for all or parts of the development life cycle of assigned quantitative models related to fraud risk management.

Skills & Requirements

Must-have

  • fraud measurement estimation methodologies
  • model development life cycle
  • risk management
  • SAS or other applicable software

Nice-to-have

  • user understanding and acceptance of models
  • regulatory examinations and requests
  • mentoring and training

Key Requirements

  • Ten years of relevant experience
  • Seven+ years of model development experience
  • Advanced degree or equivalent experience in quantitative science
  • Strong English communication skills
  • Ability to distill complex mathematical concepts

Work Rights

Not specified

Tailored Resume

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