First Citizens Bank · 2 weeks ago
Risk Analyst III, CCAR/CECL Model Validation (Remote)
United States
Full-time
Remote
Mid, Senior Level
$90K/yr - $140K/yr
2+ years expFirst Citizens Bank is a financial institution seeking a Risk Analyst III to join their Model Risk Management team. The role focuses on the independent validation of credit risk models used for CCAR and CECL frameworks, ensuring their integrity and regulatory compliance while collaborating with team members to enhance model validation processes.
BankingInsuranceLendingPaymentsWealth Management
Responsibilities
Comprehensive Model Validation: Conduct thorough and comprehensive validations of various model components, ensuring that they are accurate, reliable, and aligned with the intended business objectives and regulatory requirements. This includes but is not limited to:
Model Inputs Analysis: Apply data analysis techniques to assess the quality, integrity, and appropriateness of data used in the models. Examine data extraction, cleaning, transformation processes, and evaluate data-related assumptions and limitations
Model Framework Evaluation: Scrutinize the model design and construction, verifying the suitability of the modeling framework and theory for the intended use. Review model segmentation, variable selection, model testing procedures, and evaluation model assumptions, limitations, and risks
Model Code Review: Review model code to ensure correctness, accuracy, and absence of material errors. Collaborate with model owners to address any identified issues
Outcomes Analysis: Assess both in-sample and out-of-sample back test results; evaluate sensitivity and scenario testing, stress testing, and quantitative and business performance metrics
Benchmark Model Development: Develop models using alternative approaches to assess the performance of the champion model against benchmark models
Risk Identification and Mitigation: Provide effective challenges and identify potential model risks. Recommend appropriate mitigation measures and enhancements to improve model quality and compliance with regulatory standards
Documentation and Reporting: Produce high-quality, comprehensive validation reports that clearly communicate findings, recommendations, and potential risks to both technical and non-technical stakeholders. Ensure that validation documentation adheres to internal standards
Audit and Regulatory Review Support: Assist model validation manager in gathering and providing materials requested by internal audit and regulators, drafting responses to questions, and defending validations in exams
Continuous Learning and Improvement: Stay up-to-date with emerging trends and best practices in model validation and regulatory requirements. Contribute to the enhancement of the model validation framework by suggesting process improvements and implementing industry-leading methodologies
Qualification
Required
Bachelor's Degree and 2 years of experience in Risk Analytics or Analytics OR High School Diploma or GED and 6 years of experience in Risk Analytics or Analytics
Preferred
Advanced degree (Master's or Ph.D.) in a quantitative field (e.g., Statistics, Data Science, Economics, Applied Mathematics, Engineering, or a related discipline)
This position is open to candidates at both junior and senior levels, depending on experience. Applicants with 2+ years of relevant experience may be considered for the Risk Analyst III role, while those with 5+ years of experience may qualify for the Senior Risk Analyst position
Proficiency in modeling techniques (e.g., linear regression, logistic regression, survival analysis, time series model, machine learning) and programming languages (e.g., SAS, Python, R, SQL)
Strong understanding of regulatory requirements, particularly those related to stress testing and capital planning
Excellent problem-solving skills, attention to detail
Excellent written and verbal communication skills
Benefits
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.
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
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