First Citizens Bank · 7 hours ago
Senior Manager Quantitative Analysis-Consumer Model Development
First Citizens Bank is seeking a Senior Manager of Quantitative Analysis to lead a team of quantitative risk analysts focused on developing and maintaining credit risk models for consumer lending. The role involves hands-on leadership, model development, and collaboration with various teams to enhance risk management frameworks and ensure compliance with regulatory requirements.
BankingInsuranceLendingPaymentsWealth Management
Responsibilities
Support the Director and lead the development, testing, and implementation of advanced credit risk models across consumer lending products including Credit Cards, and Auto Loans, Mortgages, and HELOCs, with focus on Credit Card and Auto portfolios
Execute the model development plan and ensure proper delivery. Serve as the owner of model documentation, and development and testing materials
Lead and mentor a team of model development professionals, fostering a culture of innovation and continuous improvement in risk modeling approaches
Oversee the model ongoing monitoring program. Review the monitoring results and explain the model performance to model users and management
Support the Director in response to model validation findings and oversee the implementation of remediation
Collaborate with other modeling and analytical teams to continuously improve the process and gain efficiency. Drive the enhancement of risk management frameworks to meet evolving regulatory requirements, including CCAR and CECL compliance
Support the Director and partner with business leadership to translate complex risk analytics insights into actionable business strategies and policy recommendations
Establish and maintain relationships with regulatory bodies, external/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
Lead strategic initiatives to modernize risk analytics infrastructure and capabilities through adoption of advanced technologies and methodologies, including AI and other intelligent tools
Qualification
Required
Bachelor's Degree and 6 years of experience in Financial, Statistical or Quantitative Analysis Experience, with at least 2 years management/lead experience OR High School Diploma or GED and 10 years of experience in Financial, Statistical or Quantitative Analysis Experience, with at least 2 years management/lead experience
Preferred
advanced degree, masters/PHD in quantitative field, ie mathematics, computer science, financial engineering
Quantitative or Statistical Analysis, Financial Engineering, Computer Science, Mathematics
Banking, Financial Engineering, Computer Science
Ph.D. degree in Statistics, Mathematics, Finance, or related quantitative field
At least 10 years of progressive experience in credit risk model development, with at least 3 years in a leadership role
At least 3 years hands on experience in Credit Card loss forecasting model development or validation
Hands on experience using Python, SAS, Tableau
Hands on experience in model development and model development documentation
Demonstrated experience in leading teams responsible for development and implementation of enterprise-wide risk models
Strong understanding of regulatory requirements and experience in interactions with regulatory bodies
Experience with CCAR and CECL
Expert knowledge of statistical modeling, machine learning techniques, and risk analytics methodologies
Proven track record of translating complex analytical insights into actionable strategy
Company
First Citizens Bank
First Citizens Bank provides banking services, essential business and professional services, wealth management capabilities, and more.
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
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