Head of Quantitative Financial Crimes

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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:

The Senior Quantitative Model Development Officer II manages model development activities specific to a Line of Business, Function or Risk discipline. Core responsibilities specific to the model development life cycle include planning, data appropriateness, model estimation, model evaluation/interpretation and ensuring models are fit for intended use. Assistance responsibilities, which vary from model to model, include business process integration, model deployment and on-going model evaluation.

The Head of Quantitative Financial Crimes leads the design, development, and governance of advanced analytic and modeling capabilities to detect, prevent, and report financial crimes (including AML, fraud, sanctions, and cyber-enabled risks) across the enterprise. This role is responsible for building and overseeing a portfolio of statistical, machine learning, and network-based models; ensuring alignment with regulatory expectations (e.g., model risk management, explainability, and effective challenge); and integrating data, technology, and investigative workflows to enhance detection effectiveness while minimizing false positives and operational burden. The leader partners closely with Financial Crimes, Fraud, Compliance, and Technology units to deliver scalable solutions, drive continuous model performance monitoring and tuning, and embed quantitative rigor into financial crimes strategy. Additionally, the role establishes talent standards, development frameworks, and best practices for their quantitative team, ensures defensible documentation and audit readiness, and provides executive-level reporting on model performance, emerging risks, and program effectiveness.

About the Quantitative Office

The Quantitative Office (QO) is Truist’s central and lead model development function, serving as a critical enterprise capability that underpins risk management, financial performance and strategic decision-making across the bank.

QO drives enterprise-wide impact by integrating and scaling advanced quantitative modeling disciplines within a unified strategic framework. Through specialized teams spanning Credit Loss, Quantitative Finance, Wholesale Risk Rating, Retail Underwriting and Compliance, and Financial Crimes – supported by horizontal delivery, governance, and quantitative asset management functions – QO develops and manages the majority of the bank’s most important models.

As Truist’s centralized model development authority, QO establishes consistent standards, strengthens technical rigor, and accelerates innovation. QO serves as a strategic engine that reduces risk, enhances model reliability, and optimizes performance across all business units.

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 26-2 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

Preferred Qualifications:

1. Master's degree or higher in Statistics, Econometrics, Mathematics, or other applied quantitative science, or equivalent education and related training.

2. 3-5+ years of relevant experience supervising or acting as a team lead over teammates with quantitative educational and/or work backgrounds.

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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