Quantitative Model Validation Officer III

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.

• High performing individual who demonstrates the ability to perform model validations at an accelerated pace without sacrificing quality.
• Self-starter who solves problems with little to no guidance; brings solutions to the table otherwise.
• Independently perform model validations spanning multiple domains (e.g., credit risk, market risk, capital planning) to assess fit for purpose, conceptual soundness, mathematical theory and construct, assumptions, data / assumptions, and output reasonableness.
• Evaluate other model controls such as model performance tracking, change management, access control, and documentation.
• Evaluation of validation findings remediation activity including analytical evaluation of residual risk.
• Document all work product in a thorough and concise manner with minimal review edits needed.
• Serve as a consultant on model related projects, performing advanced quantitative analysis on models in development or models undergoing enhancements / rebuilds.
• Work effectively as a team member, assisting the Senior Model Validation Officer, external consultants and / or other analysts in model validation or other model risk management tasks.
• Serve as a resource for the corporation in all model risk management initiatives, including assisting the business units with the Model Risk Management policy, procedures, and training materials.

REQUIREMENTS

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.

Preferred Qualifications :

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.