Head of Objective Forecasting

Senior Quantitative Model Development Officer II

The Senior Quantitative Model Development Officer II manages model development activities specific to a Line of Business, Function or Risk discipline. Core responsibilities specific to the model development life cycle include planning, data appropriateness, model estimation, model evaluation/interpretation and ensuring models are fit for intended use. Assistance responsibilities, which vary from model to model, include business process integration, model deployment and on-going model evaluation.

We are seeking a senior transformative leader to spearhead Truist's Objective Forecasting function within the Quantitative Office. The Head of Objective Forecasting will lead the development of a consistent system of measurement for financial and capital planning which can inform strategy, risk positioning, and optimization. The Objective Forecasting team supports the models used in stress testing (CCAR), the allowance for credit loss (ACL/CECL), market valuation and earnings at risk (IRR), and market risk.

This support includes the implementation, production, and monitoring of the credit loss and quantitative finance inventory of models. Importantly, this function also drives the consolidated output and automation of the model's financial output to create an objective measurement for the firm's outlook and performance.

The Quantitative Office (QO) is Truist's central and lead model development function, serving as a critical enterprise capability that underpins risk management, financial performance and strategic decision-making across the bank. QO drives enterprise-wide impact by integrating and scaling advanced quantitative modeling disciplines within a unified strategic framework.

Essential duties and responsibilities include managing model development/estimation activities across the model life cycle, building/leading a team of highly skilled quantitative model developers, providing leadership/mentorship to other quantitative model development managers, establishing, maintaining and administering model development infrastructure, process and procedures, assisting various parties with identifying/assessing viable model development opportunities, assisting with model compliance activities, assisting client with integrating model into the business process and model deployment activities, providing on-going model support specific to evaluation/surveillance and interpretation of model performance, and providing consultation and representing client during 3rd party assurance provider reviews and Q&A activities.

Required qualifications include a Bachelor's degree in Statistics, Econometrics, Applied Mathematics, Operations Research, or other applied quantitative science, or equivalent education and related training, and 10+ years of relevant experience, or equivalent financial industry experience developing, documenting, implementing, or validating quantitative models. Preferred qualifications include a Master's degree or higher in Statistics, Econometrics, Mathematics, or other applied quantitative science, or equivalent education and related training, and 3-5+ years of relevant experience supervising or acting as a team lead over teammates with quantitative educational and/or work backgrounds.

The annual base salary for this position is $200,000 - $295,000. 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.

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.

Truist is an Equal Opportunity Employer that does not discriminate 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.