Manager, Risk Analytics

This is a remote role that may be hired in several markets across the United States including AL, AR, CT, DE, IA, ID, IN, KS, KY, LA, ME, MS, MT, NC, NE, NM, NV, OH, OK, OR, PA, RI, SC, SD, UT, VA, VT, WV.

We are seeking a highly skilled Senior Model Developer and Manager, Risk Analytics to join our Modeling and Analytics team at First Citizens. In this role, you will be responsible for supervising a team of Risk Analysts in the development, implementation, monitoring, and reporting of risk rating models specifically tailored for commercial loan portfolios.

• Lead a team of analyst in the development and enhancement of risk rating models for commercial loans, ensuring accuracy and compliance with regulatory standards.
• Conduct thorough analyses of internal and external sources of financial and loan-level data to inform model development.
• Maintain comprehensive documentation of model development processes, ensuring transparency and compliance with regulatory standards.
• Facilitate the model validation process with the bank's Model Risk Management team.
• Collaborate with IT teams to integrate developed models into the bank's systems and workflows.
• Collaborate with cross-functional teams to gather input and insights for model improvement and determine appropriate model performance thresholds.
• Monitor model performance and make recommendations for adjustments as necessary.
• Produce comprehensive reports on model outcomes, providing valuable insights to stakeholders.
• Stay abreast of industry best practices and regulatory changes to ensure models remain cutting-edge and compliant.

Bachelor's Degree and 6 years of experience in Financial, Statistical or Quantitative Analysis Experience, with at least 2 years management/lead experience OR High School Diploma or GED and 10 years of experience in Financial, Statistical or Quantitative Analysis Experience, with at least 2 years management/lead experience

Preferred Education: advanced degree, masters/PHD in quantitative field, ie mathematics, computer science, financial engineering

Preferred Area of Study: Quantitative or Statistical Analysis, Financial Engineering, Computer Science, Mathematics

Preferred Area of Experience: Banking, Financial Engineering, Computer Science

License or Certification Type: null null

Preferred Skills:

• Master's or Ph.D. in a quantitative field such as Statistics, Mathematics, Economics, or related discipline preferred
• Proven experience in developing risk rating models for commercial loans within the banking sector or similar industry.
• Strong proficiency in statistical modeling techniques (e.g., logistic regression, linear regression, machine learning techniques) and programming languages (e.g., SAS, Python).
• Proficiency in data mining and feature engineering techniques.
• Experience leading a team of model developers.
• Excellent analytical and problem-solving skills with attention to detail.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.