5+ years of experience
Concerned about your lack of experience? Learn More...
Employment Type:
Full time
Job Category:
Model Development Analyst
(This job is no longer available)
Suntrust Banks, Inc. | Atlanta, GA
Grad Date

Not sure what types of jobs you are interested in?

Explore Jobs
Based on Your Education

Follow This Company

Job Description

Model Development Analyst-W440116


The analyst will partner with the model owner, model users, and Model Risk Management Group ("MRMG") to ensure that risks inherent to model development and usage are properly identified and managed. The analyst will adhere to and ensure the Bank's model development efforts meet Corporate Model Development standards, industry best practices and regulatory requirements.

This analyst will report to a wholesale segment model development manager within the Risk Ratings & AML team in Enterprise Risk Model Development ("EMD"). The analyst will be expected to assist other model development team leads as needed, given the project-based nature of the aforementioned job duties.

• Develop/analyze and/or review quantitative credit risk models in support of the company's risk management effort.
• Oversee or assist less experienced analysts.
• Consult with practitioners, the academic community, and other financial institution in researching best practices and new technologies for financial risk models.
• Review and update model documentation (methodology guide, user guide, policy documents, performance monitoring and maintenance guide etc.).
• Perform model testing, replication, and validation of methodology.
• Ensures the company's model risk management efforts meet industry best practices, regulatory requirements (e.g. SR11-7) and internal model risk management guidelines.
• Ensure that risks inherent in model development and usage are properly identified, documented and managed.
• Facilitate common understanding of model methodology and functioning amongst diverse audiences including Regulators (Federal Reserve Bank), Senior Management, Credit practitioners, Model Users, Model Developers, Auditors etc. Research and analyze information about alternative practices.
• Utilize strong quantitative, finance and statistical experience, including experience in the use of software to support quantitative analysis.
• Utilize technical proficiency and experience with: Probability and Statistics; SQL; SAS EG, Finance (time value of money, yield curve).
• Develops, documents, and defends quantitative models independently with a minimum of supervision or oversight
• Researches best practices and new modeling techniques
• Performs complex analysis and draws conclusions
• May oversee or assist less experienced analysts and provide mentorship to junior modelers

- Master's degree in a relevant field such as Statistics, Economics, Engineering, or Mathematics, or Finance and 2 years of work experience in applicable quantitative analysis, or an equivalent combination of degree and experience.
- Strong quantitative, finance, and statistical background.
- Intermediate to advance level of SAS.

Preferred Requirements:
- Proficiency and wholesale risk rating model development
- PhD in a relevant field
- 3+ years of relevant work experience
- Can handle projects independently with a minimum of oversight and supervision
- Effective communication skills
- Other programming/software familiarity: strong Excel skills, VBA programming, STATA, R

Job:Credit and Risk
Primary Location: GA-Atlanta Area
Work Locations: Garden Offices

303 Peachtree Center Avenue

Atlanta 30303


Equal Opportunity Employer: SunTrust supports a diverse workforce and is a Drug Testing and Equal Opportunity Employer. SunTrust does not discriminate against individuals on the basis of race, creed, color, gender, religion, national origin, age, disability, veteran status, pregnancy, marital status, citizenship status, sexual orientation, gender identity, genetic information, or any other classification protected by applicable laws.

To review the EEO Poster, copy and paste the following link into your brower: http://www1.eeoc.gov/employers/upload/eeoc_self_print_poster.pdf http://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf

About Suntrust Banks, Inc.

SunTrust Banks, Inc. (SunTrust) primarily operates as a financial services holding company. Through its principal banking subsidiary, SunTrust Bank (the Bank), the Company provides deposit, credit, and trust and investment services. Through its subsidiaries, SunTrust also provides mortgage banking, credit-related insurance, asset management, securities brokerage and capital market services. The Company operates in five business segments: Retail, Commercial, Corporate and Investment Banking (CIB), Wealth and Investment Management, and Mortgage. The Bank operates primarily in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and the District of Columbia. SunTrust provides clients with a selection of technology based banking channels, including the Internet, automated teller machines (ATMs), personal computers and around-the-clock telebanking. In May 2008, SunTrust completed the acquisition of GB&T Bancshares, Inc.