First Citizens Bank · 3 weeks ago
Quantitative Modeling - Analyst I
Raleigh, NC
Full-time
Hybrid
Entry Level
2+ years expFirst Citizens Bank is seeking a highly skilled and motivated candidate to join their Modeling and Analytics team. The Quantitative Modeling Analyst is responsible for developing, maintaining, and enhancing quantitative models, with a focus on credit risk models, while collaborating closely with various teams to support business decision-making.
BankingInsuranceLendingPaymentsWealth Management
Responsibilities
Develop and maintain credit risk models that align with regulatory requirements and support internal business needs
Prepare detailed model documentation, outlining model development, conceptual soundness, and outcomes, and submit it for validation and audit purposes
Utilize advanced analytical techniques to identify trends, analyze data and provide insights into potential performance impact
Prepare reports for senior leadership by summarizing model performance, key findings, and actionable insights to support decision-making
Coding (Python): write model implementation code and test cases in the sandbox environment and working with the production platform team to implement the code in the production platform
SQL: query the data for testing, and other analyses
Excel: perform supporting analyses and summarize modeling results
Critical thinking and problem-solving: support the creation of an effective data schema and a robust & scalable production code
Qualification
Required
Bachelor's Degree and 2 years of experience in financial, statistical, or quantitative analysis experience OR High School Diploma or GED and 6 years of experience in financial, statistical, or quantitative analysis experience
Develop and maintain credit risk models that align with regulatory requirements and support internal business needs
Prepare detailed model documentation, outlining model development, conceptual soundness, and outcomes, and submit it for validation and audit purposes
Utilize advanced analytical techniques to identify trends, analyze data and provide insights into potential performance impact
Prepare reports for senior leadership by summarizing model performance, key findings, and actionable insights to support decision-making
Coding (Python): write model implementation code and test cases in the sandbox environment and working with the production platform team to implement the code in the production platform
SQL: query the data for testing, and other analyses
Excel: perform supporting analyses and summarize modeling results
Critical thinking and problem-solving: support the creation of an effective data schema and a robust & scalable production code
Preferred
Previous experience in quantitative modeling: proficient in Python, SQL, and advanced Excel
Preferred Area of Study: (financial) mathematics, data science, economics, or statistics
Preferred Education Level: Master's degree in finance, economics, mathematics, statistics, or data science
2+ years of progressive experience in quantitative model development in U.S. banks or consulting
Hands on experience in model development, including model development during academic studies
Expert knowledge of statistical modeling, machine learning techniques, and risk analytics methodologies
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
2026-01-13
2026-01-06
Company data provided by crunchbase