First Citizens Bank · 2 weeks ago
Sr. Model Risk Analyst, Financial Crimes & Compliance
United States
Full-time
Remote
Mid, Senior Level
$125K/yr - $170K/yr
6+ years expFirst Citizens Bank is seeking a Senior Model Risk Management Analyst to join their Model Risk Management team. This role focuses on conducting validations of the Bank's Financial Crimes and Compliance models, requiring strong knowledge of regulatory requirements and the ability to provide effective challenge.
BankingInsuranceLendingPaymentsWealth Management
Responsibilities
Conduct independent model validations to ensure BSA/AML models align with business objectives and design objectives. Verify that models are performing as expected. Identify potential limitations, which includes assessing potential impact
Write detailed model validation reports that present the results from executing a thoughtful and thorough model validation plan
Communicate model validation findings to model owners, senior management, and regulatory agencies as required
Perform annual reviews and review ongoing monitoring reports to ensure that the models are performing as intended
Interact with all key stakeholders including model users, model owners, vendors, Model Risk Governance, and other validators throughout the model lifecycle including model development, validation and ongoing performance evaluation
Suggest enhancements to the existing BSA/AML validation process including Validation templates, ongoing monitoring of models, automation of repetitive tasks
You may be asked to help guide junior team members on model validations
Qualification
Required
Bachelor's Degree and 6 years of experience in OR High School Diploma or GED and 10 years of experience in model risk management
Preferred
Advanced degree (master's or Ph.D.) in a quantitative field (e.g., Data Science, Economics, Finance, Applied Statistics, or a related quantitative discipline)
10+ years of experience in model development and implementation or model validation within the financial industry
6+ years of fraud analytics experience with software (such as Python, SAS, R)
Experience developing and/or validating Financial Crimes and Compliance models, including (but not limited to) BSA/AML Transaction Monitoring, Customer Risk Scoring, and OFAC/Sanctions Screening systems
Well-versed with various performance metrics and the use cases for each
Experience maintaining or validating vendor-developed models
Strong written communication skills as evidenced by clear and comprehensive technical reports
Strong analytical skills and ability to find patterns in transactional data
Advanced programming skills in Python, SQL, SAS, or R
Experience using SQL to pull data from enterprise warehouse databases
Experience developing and/or validating vendor models and rule-based models
Exceptional understanding of the banking industry and business lines
Experience communicating validation standards and technical concepts to key stakeholders
Thorough understanding of federal guidance related to model risk management
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
Greg Smith
Chief Information and Operations Officer
Recent News
2026-01-06
2025-12-22
Company data provided by crunchbase