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Quantitative Analytics and Model Consultant Anti Money Laundering (AML) and Fraud Model Validation
Quantitative Analytics and Model Consultant Anti Money Laundering (AML) and Fraud Model ValidationPNC Bank • Pittsburgh, Pennsylvania, USA
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Quantitative Analytics and Model Consultant Anti Money Laundering (AML) and Fraud Model Validation

Quantitative Analytics and Model Consultant Anti Money Laundering (AML) and Fraud Model Validation

PNC Bank • Pittsburgh, Pennsylvania, USA
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Position Overview

At PNC our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected valued and have an opportunity to contribute to the companys success. As a Quantitative Analytics / Modeling Consultant within PNCs Model Risk Management organization you will be based in Pittsburgh PA Tysons Corner VA or New York City. This position is primarily based in a PNC location.

As a model validator you will perform rigorous independent reviews of PNCs models including fraud models anti-money laundering models as well as various types of machine-learning models.

Key Responsibilities :

1. Independent Model Review : Perform qualitative and quantitative assessments of all aspects of models including data quality and integrity theoretical assumptions and methodologies and performance testing; Specific duties include : (i) assess conceptual soundness and performance of models based on detailed model documentation and testing results (ii) perform independent testing of model assumptions (iii) use quantitative tools and techniques to measure and analyze model risks; (iv) evaluate identified model risks and reach conclusions on strengths and limitations of the model; (v) conduct on-going communication with model stakeholders such as developers owners and reviewers; and (vi) prepare detailed validation reports on quantitative models / tools for internal / external communications and / or regulatory compliance using applicable templates.

2. Stakeholder Collaboration and Communication : 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.

Qualifications :

  • Masters 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.

PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

Job Description

  • Performs complex quantitative analyses and models development to support decision-making by running quantitative strategies.
  • Develops new model frameworks by supporting the line of business. Refines monitors and validates existing models. Conducts on-going communication with model owners and model developers during the course of the review. Works with large data to create models.
  • Performs advanced qualitative and quantitative assessments on all aspects of models including theoretical aspects model design and implementation as well as data quality and integrity. Reviews reports and associated quantitative analysis. Validates existing models and assesses model risks.
  • Evaluates identified model risks and reaches conclusions on strengths and limitations of the model.
  • Prepares and analyzes detailed documents for validation and regulatory compliance using applicable templates.
  • PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be :

  • Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
  • Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNCs Enterprise Risk Management Framework.
  • Qualifications

    Successful candidates must demonstrate appropriate knowledge skills and abilities for a role. Listed below are skills competencies work experience education and required certifications / licensures needed to be successful in this position.

    Preferred Skills

    Analytical Thinking Credit Risks Data Analytics Financial Analysis Model Development Operational Risks Quantitative Models Risk Appetite

    Competencies

    Bank Quantitative Analysis Consulting Data Gathering and Reporting Effective Communications Predictive Analytics Quantitative Techniques Regulatory Environment - Financial Services Testing

    Work Experience

    Roles at this level typically require a university / college degree with 5 years of industry-relevant experience. Specific certifications are often lieu of a degree a comparable combination of education job specific certification(s) and experience (including military service) may be considered.

    Education

    Bachelors

    Certifications

    No Required Certification(s)

    Licenses

    No Required License(s)

    Pay Transparency

    Base Salary : $78000.00 $165600.00

    Salaries may vary based on geographic location market data and on individual skills experience and education. This role is incentive eligible with the payment based upon company business and / or individual performance.

    Application Window

    Generally this opening is expected to be posted for two business days from 10 / 15 / 2025 although it may be longer with business discretion.

    Benefits

    PNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility options for full-time employees include : 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.

    In addition PNC generally provides the following paid time off depending on your eligibility : 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.

    To learn more about these and other programs including benefits for full time and part-time employees visit Your PNC Total Rewards.

    Disability Accommodations Statement

    If an accommodation is required to participate in the application process please contact us via email at . Please include accommodation request in the subject line title and be sure to include your name the job ID and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call and say Workday for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

    At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.

    Equal Employment Opportunity (EEO)

    PNC provides equal employment opportunity to qualified persons regardless of race color sex religion national origin age sexual orientation gender identity disability veteran status or other categories protected by law.

    This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and for any registered role the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and / or the Financial Industry Regulatory Authority (FINRA) which prohibit the hiring of individuals with certain criminal history.

    California Residents

    Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.

    Required Experience :

    Contract

    Key Skills

    Python,C / C++,Fortran,R,Data Mining,Matlab,Data Modeling,Laboratory Techniques,MongoDB,SAS,Systems Analysis,Dancing

    Employment Type : Full-Time

    Experience : years

    Vacancy : 1

    Monthly Salary Salary : 78000 - 165600

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