Audit Associate Jobs in Raleigh, NC (NOW HIRING)

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Regular or Temporary:

Language Fluency: English (Required)

Work Shift:

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. Oversee the execution of various model validation reviews lead and managed by less experienced Quantitative Auditors within the Truist Model Risk Management Risk Management Technical Review Team. This will include reviewing full or targeted scope validation assessments the TAS quantitative analytics team to ensure conclusions are consistent with the goals of the planned assessment and incorporate assessments needed for appropriate evaluation of validations/reviews completed by the Model Risk Management Team (MRM) within Truist.
2. Build and maintain effective working relationships with management including Model Risk Management, Model Development, and Model Owners throughout the first and second lines of defense.
3. 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. Proactively supporting management on the establishment of internal controls, monitoring techniques, and risk management of models.
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. This role will oversee collaboration efforts across business and function audit teams and provide subject matter expertise for models. Oversee and review the performance of model validation and/or review assessments for models scoped into various types of audits and managed by the less experienced Quantitative Auditors.
6. Maintain the requisite knowledge and experience to assist audit teams with evaluating Truist's adherence to SR 11-7 regulatory guidance on model risk governance and oversight for various model types.
7. Train/coach/mentor junior team members to enhance model audit work. Provide training on more complex and difficult areas.

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. Masters in Mathematics, Statistics, Data Science, Engineering, Computer Science or formal post undergraduate certification with a focus on Quantitative or Financial Analytics.
2. 8+ years of technical model experience, which could include working on a model validation team, model development team or Audit equivalent technical review team.
3. Experience managing a team of model reviewers/developers (including, as needed, executing performance evaluations/reviews, recruitment, and team retention functions)
4. Demonstrated proficiency with one or more financial modeling methodologies. This includes knowledge of statistical and algorithmic methods applied in financial modeling.
5. The ability to lead, work and direct others independently without supervision, and strong project management skills.
6. Strong knowledge of programming languages such as R, Python, or C++.
7. Strong knowledge of one or more database management tools such as SAS and/or SQL.
8. Strong analytical, facilitation, interpersonal and decision-making skills.
9. 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.

10.Strong proficiency of standard software applications such as MS Office.

Preferred Qualifications:
1. Ph.D. in in Mathematics, Statistics, Data Science, Engineering, Computer Science
2. Technical model experience with a large bank
3. General audit skills and past experience
4. Broad understanding of accounting and finance concepts and the banking and financial services industry.

The annual base salary for this position is $114,180.00 - $216,930.00 USD.

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.

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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