Head of Objective Forecasting
Truist
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**Regular or Temporary:**
Regular
**Language Fluency:** English (Required)
**Work Shift:**
1st shift (United States of America)
**Please review the following job description:**
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.
About the Quantitative Office
The Quantitative Office (QO) at Truist is a highly integrated, enterprise-wide Quantitative Risk & Modeling Center of Excellence (COE), designed to unify all quantitative modeling disciplines supporting the risk and finance organizations under a single strategic framework. This function encompasses specialized divisions for Credit Loss, Quantitative Finance, Wholesale Risk Rating, Retail Underwriting and Compliance, and Financial Crimes—each responsible for developing and maintaining advanced models that support enterprise risk management and regulatory compliance. As a centralized hub, the QO unifies modeling disciplines, drives innovation, and provides oversight for the majority of Truist’s most critical models—positioning itself as a strategic engine for risk reduction and performance optimization.
**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. Manage model development/estimation activities across the model life cycle, including planning, data acquisition, estimation, evaluation, documentation, approval, model/business process integration and implementation
2. Build / lead a team of highly skilled quantitative model developers to develop risk models using advance modeling approaches and set the standard for excellent performance
3. Provide leadership / mentorship to other quantitative model development managers across various products, modeling disciplines and complexities.
4. Establish, maintain and administer model development infrastructure, process and procedures
5. Assist various parties (e.g., lines of business leads) with identifying/assessing viable model development opportunities
6. Assist with model compliance activities as it relates to Model Risk Management/SR 11-7 policy/standards
7. Assist client (model owner) with integrating model into the business process and model deployment activities, including production scoring support and sustainability, as appropriate
8. Provide on-going model support specific to evaluation/surveillance and interpretation of model performance
9. Provide consultation and represent client (model owner) during 3rd party assurance provider (e.g., Model Risk Management, Corp Audit, regulatory bodies) reviews and Q&A activities
**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. Bachelor's degree in Statistics, Econometrics, Applied Mathematics, Operations Research, or other applied quantitative science, or equivalent education and related training.
2. 10+ years of relevant experience, or equivalent financial industry experience developing, documenting, implementing, or validating quantitative models
3. 15+ years of relevant experience supervising teammates with a quantitative educational and/or work backgrounds.
**Preferred Qualifications:**
1. Master's degree or higher in Statistics, Econometrics, Mathematics, or other applied quantitative science, or equivalent education and related training.
Please note that this position can work out of any domestic US location but need to be willing to work eastern or central time zone work hours.
**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 (https://benefits.truist.com/)
. 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.
**_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._**
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