Agency MBS Modeler

## Agency MBS Modeler Apply locations:
NY
- New York (10173):
PA
- Pittsburgh (15222) time type:
Full time posted on:
Posted Todayjob requisition :
R227529#
** 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 company’s success. As Agency MBS modeler within PNC's Analytics and Modeling organization, you will be based in New York, NY, or Pittsburgh, PA.
The candidate is responsible for model development and research related to the Agency MBS investment portfolio. This role involves updating and developing industry-leading prepayment, term structure, and mortgage rate models. The candidate will understand prepayment behavior and conduct analysis to enhance the Agency MBS modeling and generate insights to support investment analysis.

PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.

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 PNC's 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 required. In 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: $ – $Salaries may vary based on geographic location, market data and on individual skills, experience, and education. This role is incentive…