First Citizens Bank · 1 day ago
Quantitative Analyst II - Consumer Credit Model Development
Raleigh, NC
Full-time
Hybrid
Mid, Senior Level
4+ years expFirst Citizens Bank is seeking a Quantitative Analyst II to focus on developing and implementing sophisticated credit risk models for consumer lending portfolios. This role involves collaborating with senior leadership to shape the organization's risk strategy and enhance risk management frameworks while mentoring junior professionals.
BankingInsuranceLendingPaymentsWealth Management
Responsibilities
Lead the development, validation, and implementation of advanced credit risk models across all consumer lending products including, credit card, auto, mortgage, and HELOC
Partner with senior leadership to translate complex risk analytics insights into actionable business strategies and policy recommendations
Mentor junior model development professionals, fostering a culture of innovation and continuous improvement in risk modeling approaches
Drive the enhancement of risk management frameworks to meet evolving regulatory requirements, including CCAR and CECL compliance
Support the manager and director for response to model validation findings
Lead and oversee the implementation of remediation plans across the modeling and analytics team
Maintain model documentation up to date
Establish and maintain relationships with internal auditors, Model Risk Management and key stakeholders
Guide the development and implementation of new risk assessment methodologies and tools to improve the organization's risk management capabilities
Drive strategic initiatives to modernize risk analytics infrastructure and capabilities through adoption of advanced technologies and methodologies
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
PhD degree in Statistics, Mathematics, Finance, or related quantitative field
4 years of progressive experience in credit risk model development for U.S. banks
Hands on experience using Python, SAS, and/or SQL for panel data processing
Hands on experience in CECL and CCAR model development and model development documentation
Credit card portfolio experience is preferred
Experience with various types of PD model structure; deep understanding of the cons. and pros. for each structure
Expert knowledge of statistical modeling, machine learning techniques, and risk analytics methodologies
Strong understanding of regulatory requirements, including but not limit to, Dodd-Frank Act, CCAR, Basel, etc
Deep understanding of bank's loan management process, from origination, to closing, to servicing
Knowledge of bank's loan origination systems and loan servicing systems, including but not limited to, systems for credit card, mortgage, consumer products, and commercial (C&I, CRE, lease) products
Understanding of GAAP practice for banks, including CECL, special assets management, etc
Proven track record of translating complex analytical insights into business strategy
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
2025-12-22
2025-12-21
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