PNC Bank - Cleveland, OH

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The PNC Financial Services Group, Inc. seeks a Senior Model Development Analyst in Cleveland, OH responsible for: (i) developing risk management models related to prepayment, default, and valuation; (ii) applying statistical techniques to the analysis of data used in financial risk models and the forecasting of future risk outcomes; (iii) querying data from structured relational databases; (iv) updating and maintaining historical database(s) of risk factors for stress test models; (v) analyzing and monitoring model assumptions and statistical uncertainty associated with both assumptions and model output; (vi) working closely with Senior Management to develop concise visualizations and summaries of credit risk and portfolio analytics insights for reporting packages; and (vii) documenting modeling frameworks and assumptions of the models to meet regulatory requirements and to provide guidance for new analysts working with the models. 10% travel required for meetings, management presentations and collaboration on model development with PNC colleagues. The majority of the travel will be to Pittsburgh, with occasional trips to other PNC locations such as New York, Miamisburg (OH) and Chicago.

Master's degree in Financial Engineering, Business, Finance, Economics, Math or Statistics plus 4 years of experience in the position offered or in credit risk modeling and analytics at a U.S. retail bank required. Experience must include: (i) application of statistical packages (SAS or R) to manipulate large banking datasets, SQL programming and Tableau BI solutions; (ii) consumer secured loan types: Home Equity, Residential Mortgage and Auto loans; (iii) loss mitigation practices (e.g., modifications, short sales, and foreclosure); (iv) applying methods of loss forecasting, roll rate analysis, valuation, impairment and risk measurement for Consumer Secured loan types; and (v) developing stress testing methodologies.

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