Head of Objective Forecasting

Regular full-time position. Fluency in English required. 1st shift.

About the role

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

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 to inform strategy, risk positioning, and optimization. The Objective Forecasting team supports models used in stress testing (CCAR), allowance for credit loss (ACL/CECL), market valuation and earnings at risk (IRR), and market risk. This includes implementation, production, and monitoring of the credit loss and quantitative finance inventory of models. The function also drives consolidated output and automation of model financial output to create an objective measurement for the firm’s outlook and performance.

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.

Responsibilities

• Manage model development/estimation activities across the model life cycle, including planning, data acquisition, estimation, evaluation, documentation, approval, model/business process integration, and implementation.
• Build and lead a team of highly skilled quantitative model developers to develop risk models using advanced modeling approaches and set the standard for excellent performance.
• Provide leadership and mentorship to other quantitative model development managers across various products, modeling disciplines, and complexities.
• Establish, maintain, and administer model development infrastructure, processes, and procedures.
• Assist various parties (e.g., lines of business leads) with identifying and assessing viable model development opportunities.
• Assist with model compliance activities as they relate to Model Risk Management/SR 26-2 policy/standards.
• Assist the client (model owner) with integrating the model into the business process and model deployment activities, including production scoring support and sustainability, as appropriate.
• Provide ongoing model support specific to evaluation/surveillance and interpretation of model performance.
• Provide consultation and represent the client (model owner) during third-party assurance provider (e.g., Model Risk Management, Corp Audit, regulatory bodies) reviews and Q&A activities.

Requirements

• Bachelor's degree in Statistics, Econometrics, Applied Mathematics, Operations Research, or other applied quantitative science, or equivalent education and related training.
• 10+ years of relevant experience, or equivalent financial industry experience developing, documenting, implementing, or validating quantitative models.

Qualifications

• Master's degree or higher in Statistics, Econometrics, Mathematics, or other applied quantitative science, or equivalent education and related training.
• 3-5+ years of relevant experience supervising or acting as a team lead over teammates with quantitative educational and/or work backgrounds.

Pay

The annual base salary for this position is $200,000 - $295,000.

Benefits

All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits. Eligibility for specific benefits may vary by division. Truist offers:

• Medical, dental, and vision insurance.
• Life insurance, disability, and accidental death and dismemberment coverage.
• Tax-preferred savings accounts and a 401k plan.
• No less than 10 days of vacation (prorated based on date of hire and full-time/part-time status) during the first year of employment, along with 10 sick days and paid holidays.
• Depending on the position and division, eligibility may extend to a defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.