Senior Risk Analyst- Credit Risk Stress Testing- Hybrid (Morristown, Nj, Raleigh, NC, San Francisco, CA)

Overview

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.

The Senior Risk Analyst - Credit Risk Stress Testing position reports to the Manager - Risk Analytics and supports the team responsible for execution the Bank's Credit Loss stress testing efforts both wholesale and retail loss forecasting.

This team is responsible for the build out and management of the credit loss portions of the bank's annual CCAR Stress Testing exercise, as well as additional runs as needed throughout the year.

The team also authors the credit loss portions of the annual capital plan and is responsible for maintaining detailed process and procedure documentation consistent with peer best practices and regulatory expectations

Responsibilities

The Senior Risk Analyst works within the team to ensure delivery of current and long-term production / execution priorities;

the execution of day-to-day activities, including production cycles, intra-cycle testing, and sensitivity analysis. Further, the Senior Risk Analyst supports the teams work with the credit organization to ensure appropriate review and challenge of the results is completed and documented.

The Senior Risk analyst supports Bank responses to audit, model risk management and regulatory examinations and for all Credit Risk Stress Testing Activities and coordinates these activities with the Senior Director - Risk Analytics, the as well as the heads of Model Development, Model Implementation, and Capital Planning.

• In partnership with group leadership, define and set strategies to lead the planning and execution of the Bank's Credit Risk Stress Testing programs.
• Recommend appropriate changes to program policies, procedures, and efficiencies to meet objectives.
• Lead tactical execution of the Credit Risk Stress Testing and including Annual CCAR, midcycle, and ad-hoc runs.
• Recommend enhancements to processes and procedures to meet Bank goals and regulatory expectation for key processes related to Credit Risk Stress Testing
• Lead the team in developing comprehensive reporting and analytical documentation of the results.
• Develop relationships with the credit risk function and leverage those relationships to maintain an effective review and challenge process with all relevant stakeholders.
• Management / Leadership - Provide SME guidance to the Credit Risk Stress Testing team on regulatory expectations.
• Manage the performance, training, and evaluation of assigned staff. Maximizes department achievements by providing professional development.

Qualifications

Bachelor's Degree and 4 years of experience in Risk management, or financial analysis, or statistical modeling OR High School Diploma or GED and 8 years of experience in Risk management, or financial analysis, or statistical modeling

Additional Requirements :

• Project Management Skills
• Execution oriented
• Strong skills in excel / PowerPoint.
• Strong knowledge of Credit Risk principles which inform credit loss forecasting
• Strong communication skills - interpersonal.
• Organization skills - Detail oriented.

Preferred Qualifications :

• Direct experience with executing CCAR / DFAST Stress testing -preferably with respect to credit losses, at a $50BN or larger bank
• Familiarity with Capital Planning and Stress Testing requirements (Capital Plan Rule, SR1519, SR 12-7, ROPE, SR 11-7, etc.).
• Experience with statistical / data software packages such as Netezza, SQL, Python, SAS
• Direct Experience with Credit Loss Forecasting (Either CCAR, CECL, or FP&A)

If hired in CA, the base pay for this position is generally between $113,318 and $196,428. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law.

For some roles, total compensation may also include variable incentives, bonuses, benefits, and / or other awards as outlined in the offer of employment.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined.

More information regarding our benefits offerings can be found here : https : / / jobs.firstcitizens.com / benefits