First Citizens Bank · 1 week ago
Sr. Model Risk Analyst, Deposit & Pre-Payment Validation (Remote)
United States
Full-time
Remote
Senior Level
$135K/yr - $185K/yr
6+ years expFirst Citizens Bank is a financial institution that is seeking a Sr. Model Risk Analyst to support the implementation and execution of bank-wide model risk management policies and procedures. The role involves conducting risk analysis, validating model performance, and providing guidance to less experienced associates.
BankingInsuranceLendingPaymentsWealth Management
Responsibilities
Conducts risk analysis to validate the performance of existing models and leads gap closing projects to include recommended model changes
Reports regularly to the Model Risk Manager on the compliance of the model risk management program, including policies and procedures, with respect to its progress, working issues, and challenges
Develops and maintains effective partnerships with the model analysts, model owners, business level risk management teams and auditors, internal and external
Provides recommendations for the design, development, back testing, implementation and recalibration of models owned by the model development team
Assists in the review and validation of model performance and controls, including establishing the model validation scope, assessment of validation results and directing communication with stakeholders
Assists in the development and maintenance of the model inventory ensuring the inventory is complete, accurate, and consistent with the intent of the Model Validation Policy
Qualification
Required
Bachelor's Degree and 6 years of experience in risk analytics OR High School Diploma or GED and 10 years of experience in risk analytics
Preferred
Recent experience with hands-on econometric and data coding exercise
Hands-on proficiency with Python, R, and SQL
Experience in first line and second line model development and validation activities
Master's (MS/MSc) or Doctoral (PhD) Degree with a quantitative focus - such as mathematics, physics, statistics, engineering, or operations research
Strong quantitative skills specific to econometric modeling - such as time series analysis, panel regression, piece-wise linear regression, multinomial logistical regression, numerical analysis, and optimization theory
Strong coding skills, and the ability to independently write Python and SQL queries to independently construct a broad range of model and data exercises
Keen familiarity with key aspects of model risk management
Strong writing skills, and the ability to independently write validation reports and other model risk management communications
Strong meeting management skills - the ability to construct a meeting agenda, prepare meeting artifacts such as organizing slides, and the ability to effectively lead a meeting with senior line of business stakeholders, with an emphasis on clear communication, strong presence, and intellectual command over the meeting's objectives, order, and desired outcomes
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