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Truist ACL Quantitative Specialist III or IV in Charlotte, North Carolina

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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:

Provide end-to-end execution of analytics projects for the Truist Allowance for Credit Losses (ACL) and other loan related reserves and contingent liabilities including development, documentation, governance, and deployment. Make informed recommendations to senior leaders based on analysis and qualitative judgments.

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. Create, determine, and report on the Truist Allowance for Loan and Lease Losses (ALLL), Reserve for Unfunded Commitments (RUFC), and other loan-related reserves and contingent liabilities production process.

  2. Facilitate effective corporate governance and oversight through active participation in the management of the model lifecycle. Promote effective challenge of other model development teams including model design, variable selection, and monitoring. Additionally, ensure process and models comply with Truist requirements for model documentation, ongoing verification, governance, and other policy requirements. Help address validation recommendations and remediate issues.

  3. Lead reserve and other analytics projects as directed by ACL managers.

  4. Write and execute code (typically in SAS) to perform analytical evaluations (e.g., regression analysis, sensitivity analysis), estimates of overlays/overrides to modeled results, and create documentation of code and write logic following appropriate coding standards.

  5. Act as an effective advocate to ensure user understanding and acceptance of proposed models and results, including written and verbal presentations to stakeholders, managers, and oversight groups.

  6. Create analysis and supporting documentation for the components of the ACL. Maintain documentation supporting the ACL control process and ensure compliance with model risk, audit, and Sarbanes Oxley requirements.

  7. Work with stakeholders to ensure models are fulfilling business and risk management objectives set for them. Negotiate positive outcomes through interactions with senior management, business partners, and assurance functions.

  8. Prepare quarterly ACL materials including reporting to the Truist ACL Committee and providing accurate data for 10K/10Q, Call Report, Comprehensive Capital Analysis and Review (CCAR) reserve disclosures, and preparing ACL related materials for the quarterly earnings call.

  9. Meet with and make presentations to 3rd parties as necessary to include, Bank and Bank Holding Company regulators, internal, and external audit teams. Support regulatory examinations and requests.

  10. Meet with and respond to inquiries from model risk. Assist other quantitative development teams with enhancements, code, and monitoring of models.

  11. Continuously review the ACL framework, recommending enhancements and implementing improvements to the process.

  12. Perform other analytical activities as requested by the ACL Analytics Manager, Chief Credit Officer and Executive Management to include participating on cross-functional teams to support organizational objectives, as required.

  13. Continuously broaden and deepen expertise in analytical methods via self-directed research and training

QUALIFICATIONS

Required Qualifications for level IV:

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. Master's degree in economics, mathematics, statistics, finance, accounting or equivalent education, related training, or financial industry experience with quantitative models

  2. Ten years of relevant experience with specific emphasis on reserve models, requirements, and governance

  3. Seven years of experience with creating, analyzing, and make informed judgments about quantitatively driven model results

  4. Five years of SAS experience with demonstrated application to large data problems of Data Step, SQL, SAS Macros, or equivalent

  5. Demonstrated proficiency in basic computer applications (e.g., MS Office)

  6. Strong work ethic and desire to enhance knowledge base and technical skills

  7. Strong analytical and organizational skills

  8. Ability to work independently and provide guidance and coaching to junior analysts or specialists

  9. Ability to handle ambiguity and adapt to shifting objectives

  10. Well-developed verbal and written communication/presentation skills

Preferred Qualifications:

  1. PhD in economics, mathematics, statistics, finance, accounting or equivalent education

  2. Ten years of relevant experience with reserve models, requirements, or equivalent experience with a quantitative credit risk modelling process

  3. Seven years of SAS experience with demonstrated application to large data problems of Data Step, SQL, SAS Macros, or equivalent

  4. Well-developed intuitive understanding of Truist's Purpose, Mission, and Values

Required Qualifications for level III:

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. Master's degree in economics, mathematics, statistics, finance, accounting or equivalent education, related training, or financial industry experience with quantitative models

  2. Seven years of relevant experience with specific emphasis on reserve models, requirements, and governance

  3. Five years of experience with creating, analyzing, and make informed judgments about quantitatively driven model results

  4. Three years of SAS experience with demonstrated application to large data problems of Data Step, SQL, SAS Macros, or equivalent

  5. Demonstrated proficiency in basic computer applications (e.g., MS Office)

  6. Strong work ethic and desire to enhance knowledge base and technical skills

  7. Strong analytical and organizational skills

  8. Ability to work independently and provide guidance and coaching to junior analysts or specialists

  9. Ability to handle ambiguity and adapt to shifting objectives

  10. Well-developed verbal and written communication/presentation skills

Preferred Qualifications:

  1. PhD in economics, mathematics, statistics, finance, accounting or equivalent education

  2. Seven years of relevant experience with reserve models, requirements, or equivalent experience with a quantitative credit risk modelling process

  3. Five years of SAS experience with demonstrated application to large data problems of Data Step, SQL, SAS Macros, or equivalent

  4. Well-developed intuitive understanding of Truist's Purpose, Mission, and Values

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site (https://benefits.truist.com/)

. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

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

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