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Sr. Quantitative Risk Modeling Analyst

First Citizens Bank
Raleigh, NC
$90K-$196K a year
Full-time

Overview

The Risk Analytics and Modeling team is responsible for developing, maintaining and monitoring performance for credit risk models for First Citizens Banks consumer loan portfolio, including Mortgages, Helocs, Credit cards, and Auto loans.

We leverage a variety of quantitative techniques to assess risk and ensure the banks financial health.

Responsibilities

  • Lead the development and implementation of credit risk models for consumer loan products
  • Conduct in-depth statistical analysis to assess model risk and performance
  • Develop and maintain model documentation adhering to regulatory guidelines
  • Contribute to the generation of reports for CCAR and CECL requirements
  • Mentor junior team members
  • Remediate identified model findings and lead the development of mitigation strategies.

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

Preferred qualifications :

  • Master's degree in Statistics, Mathematics, Finance, or a related field (preferred)
  • 4+ years of experience in credit risk modeling or a similar quantitative role
  • Strong proficiency in Python, SAS, R, and SQL
  • Solid understanding of statistical concepts, including regression analysis, time series analysis, and risk metrics
  • Understanding of consumer loan products
  • Excellent communication, presentation, and writing skills.
  • Ability to manage multiple projects and meet deadlines efficiently.

If hired in (CA or NC) the base pay for this position is generally between $90,000 and $196,000 per year. 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

30+ days ago
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