First Citizens Bank · 2 days ago
Quantitative Analyst II (Hybrid)
Raleigh, NC
Full-time
Hybrid
Mid, Senior Level
4+ years expFirst Citizens Bank is a financial institution seeking a Quantitative Analyst II to develop and maintain their Loan Models and Loan Modeling Framework. The role focuses on designing and developing loan forecasting models for stress testing and business forecasting processes, while collaborating with various stakeholders to ensure model governance and compliance.
BankingInsuranceLendingPaymentsWealth Management
Responsibilities
Data Analysis - Applies sophisticated analytics to assess future risk, opportunities, and effectiveness and translates results into meaningful solutions to improve decision making in model development
Model Development - Responsible to build and own new and existing loan forecasting models which cover total balance, commitment, unfunded, funded, attrition/runoff and prepayment model components. Align model segmentation to business expectation, credit loss forecast team
Business Support - Work with business and CCAR/ALM stakeholders on the development and enhancement of models. Coordinate data submission and validation processes and supports production of CCAR and/or IRR. Collaborates with model validation, Credit Team, data team, other modeling teams and audit to review and analyze results
Reporting - Updates documentation and procedure to make sure the group’s processes such as stress testing and BAU forecast are up to date and model development documentation is aligned to FCB MRM policy, SR 11-7 and SR 15-19. Maintains the process flows updated and executes operational/governance controls
Process Improvement - Identifies potential improvements to current procedures, plans, and controls to achieve business objectives and regulatory requirements
Qualification
Required
Bachelor's Degree and 4 years of experience in financial, statistical, or quantitative analysis experience OR High School Diploma or GED and 8 years of experience in financial, statistical, or quantitative analysis experience
Preferred
Master's degree in statistics, economics, econometrics, applied mathematics, quantitative finance or related field
CFA is preferred
5+ years of relevant business/academic experience in Quantitative modeling and model development, model implementation, or model validation experience
3+ years of related experience in a Commercial Bank, including quantitative modeling, behavioral modeling, and database development
Knowledge in statistical modeling techniques such as model forecasting and statistical modeling approaches such as linear/logistic regression model, time series, and error-correction models, GARCH (OLS, VAR, Cointegration, etc.)
Ability to program in statistical/mathematical programs such as SAS, R, Python, or other data analytics (e.g. SQL) or quantitative libraries
Prior experience at CCAR filing institution or Large Financial Institution (LFI) presenting to regulators, model validators and auditors modeling methodology and model development decisions and documentation
Company
First Citizens Bank
First Citizens Bank provides banking services, essential business and professional services, wealth management capabilities, and more.
10001+ employees
H1B Sponsorship
First Citizens Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (126)
2024 (115)
2023 (249)
2022 (53)
2021 (12)
2020 (9)
Funding
Current Stage
Public CompanyTotal Funding
$33M2021-05-07Post Ipo Debt· $10M
2018-08-29Post Ipo Debt· $23M
1986-10-31IPO
Leadership Team
C
Craig Nix
Chief Financial Officer
Samantha Bureau - Johnson
SVP & Director, Customer Contact Center
Recent News
2026-01-06
2025-12-22
Company data provided by crunchbase