Truist Financial

Audit Manager - Quant

Truist Financial$110K — $130K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Master's degree in a quantitative field such as Mathematics, Statistics, or Data Science.
  • 6+ years of experience in technical model roles, including validation or audit teams.
  • Proficiency in financial modeling methodologies and statistical methods.
  • Independence in work with minimal supervision.
  • Strong programming skills in languages like R, Python, or C++.
  • Experience with database management tools such as SAS or SQL.
  • Excellent analytical, interpersonal, and decision-making skills.

Responsibilities

  • Lead technical model validation reviews for Truist's Model Risk Management Team.
  • Review validation assessments to ensure conformance to standards.
  • Assess the methodology and implementation of quantitative models.
  • Collaborate with Model Risk Management and Model Owners to maintain relationships.
  • Suggest improvements for Truist's model risk management systems.
  • Enhance personal and team knowledge in auditing and risk management practices.
  • Provide mentorship and training to junior team members.

Benefits

  • Medical, dental, and vision insurance.
  • Life and disability insurance.
  • Tax-preferred savings accounts and a 401k plan.
  • Generous vacation and sick leave policies.
  • Paid holidays and eligibility for pension plans, stock units, and deferred compensation options.
Full Job Description
The Quantitative Audit Manager (QAM) is responsible for the delivery of complex technical audit assessments related to the identification and mitigation of risk associated with both financial and non-financial models and other quantitative tools implemented across Truist. The QAM will also proactively coach junior team members by providing candid and constructive feedback and technical insights. 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. 1. Lead the execution of technical model validation reviews completed by the Truist Model Risk Management Risk Management Technical Review Team. Work will consist of: a. Performing full or targeted scope validation assessments. b. Reviewing validations to ensure TAS concurs with the conclusions made by the Model Risk Management Team (MRM) within Truist. c. Assessing methodology, implementation, and the fit for use status of models. d. Reviewing various other components of models given the model's expected use and the scope of the Audit project. 2. In coordination with the more experienced Model Quantitative Auditors, maintain relationships with Model Risk Management, Model Development, and Model Owners throughout the first and second lines of defense. 3. In coordination with the more experienced Model Quantitative Auditors, contribute to improving Truist model risk management by: a. Recommending improvements to model risk management systems and processes. b. Being knowledgeable of the organization, operations, policies, and procedures related to the use and management of models. c. Providing feedback to management on the implementation of new model systems and related processes, and changes to existing model systems, standards, and procedures. 4. Develop and maintain specialization and expertise in complex modeling concepts as well as developing knowledge of auditing concepts and risk management practices, and pursuing continuing education and possible additional professional certifications, as appropriate. 5. Collaborate with various audit delivery teams and provide subject matter expertise for models used by the related lines of business. 6. Maintain the requisite knowledge and experience to assist audit delivery teams with evaluating Truist's adherence to SR 11-7 regulatory guidance on model risk governance and oversight for various model types. 7. Provide leadership and train/coach/mentor junior team members to enhance achievement of goals and objectives. QUALIFICATIONS 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. 1. Master's in Mathematics, Statistics, Data Science, Engineering, Computer Science or formal post undergraduate certification with a focus on Quantitative or Financial Analytics. 2. 6+ years of technical model experience, which could include working on a model validation team, model development team or Audit equivalent technical review team. 3. Demonstrated proficiency with one or more financial modeling methodologies. This includes knowledge of statistical and algorithmic methods applied in financial modeling. 4. The ability to work independently without supervision. 5. Strong knowledge of programming languages such as R, Python, or C++. 6. Strong knowledge of one or more database management tools such as SAS and/or SQL. 7. Strong analytical, facilitation, interpersonal and decision-making skills. 8. Strong written, oral, and negotiating skills, including the ability to present findings and articulate and defend conclusions to senior Audit and/or line of business management. 9. Strong proficiency of standard software applications such as MS Office. Preferred Qualifications: 1. Ph.D in Mathematics, Statistics, Data Science, Engineering, Computer Science or other relevant degree 2. Technical model experience with a large bank 3. General auditing skills 4. Broad understanding of finance and accounting concepts and the banking and financial services industry 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. For more details on Truist's generous benefit plans, please visit our Benefits site. 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. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

About Truist Financial

Truist Financial Careers

Join the dynamic team at Truist Financial, a leader in the financial services sector, and propel your career to new heights. At Truist Financial, we offer more than just job opportunities; we provide a platform for professional growth and innovation in an environment that values diversity and leadership.

Why Truist Financial?

At Truist Financial, we are committed to building a diverse and inclusive workplace where every team member is empowered to contribute their unique skills and perspectives. We believe that our strength lies in our diversity, and we are dedicated to fostering a culture that embraces the differences that make each of us unique.

Explore a World of Opportunities

Whether you're seeking your first internship or a seasoned professional looking to advance your career, Truist Financial offers a range of employment opportunities across various disciplines. Our team is growing, and we are constantly looking for talented individuals who are eager to make an impact.

Innovate and Lead

Join us and be part of a culture of innovation where your ideas can help shape the future of banking. At Truist Financial, you’ll work alongside industry leaders and have access to cutting-edge resources that foster continuous professional development and innovation.

Develop Your Career

Truist Financial is deeply invested in the career progression of our employees. We offer robust training programs, including leadership development and diversity training, to ensure you have the tools needed to succeed. Our commitment to your growth is reflected in our comprehensive benefits package, designed to support you both professionally and personally.

Networking and Professional Development

Enhance your professional network and connect with like-minded colleagues through our various networking events and community engagement initiatives. At Truist Financial, we believe in the power of connections and the impact they can have on your career.

Join Our Team

Ready to take the next step in your career? Explore the current job openings at Truist Financial. We are hiring across multiple departments, looking for passionate, curious, and innovative individuals to join our team. Check out our available positions and find the one that best matches your skills and interests.

Prepare for Your Interview

Make a great first impression. Visit our Careers page for tips on how to craft a compelling resume and succeed in your interview at Truist Financial. We are excited to see how you can contribute to our team and help us drive the future of banking.

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