First Citizens Bank
Quantitative Analyst I - Risk Rating Model Development
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Job Description
- Req#: 31743
Employer Industry: Banking and Financial Services
Why consider this job opportunity:
- Opportunity for career advancement and growth within the organization
- Competitive benefits program designed to meet the needs of associates
- Work remotely from various states across the U.S.
- Engage in meaningful projects that influence commercial loan risk management
- Collaborate with cross-functional teams to enhance model performance
What to Expect (Job Responsibilities):
- Work with the Modeling & Analytics team to develop and enhance risk rating models for commercial loans
- Gather and analyze internal and external financial and loan-level data to support model development
- Maintain comprehensive documentation of model development processes for transparency and regulatory compliance
- Facilitate the model validation process with the bank’s Model Risk Management team
- Collaborate with IT teams to integrate developed models into the bank's systems and workflows
What is Required (Qualifications):
- Bachelor's Degree and 2 years of experience in financial, statistical, or quantitative analysis OR High School Diploma or GED and 6 years of relevant experience
- Strong proficiency in statistical modeling techniques and programming languages such as SAS and Python
- Solid understanding of core statistical concepts and their application in data analysis and model evaluation
- Excellent analytical and problem-solving skills with attention to detail
- Ability to communicate complex concepts effectively to both technical and non-technical stakeholders
How to Stand Out (Preferred Qualifications):
- Master’s degree in a quantitative field such as Statistics, Mathematics, Economics, or related discipline
- Demonstrated expertise in supervised and unsupervised models applied to quantitative risk modeling
- Hands-on experience in data cleaning, feature engineering, and implementing statistical or machine learning models
- Proficiency with Microsoft Office products (Excel, PowerPoint, Word, etc.)
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We are not the EOR (Employer of Record) for this position. Our role in this specific opportunity is to connect outstanding candidates with a top-tier employer.About the company
First Citizens commercial banking helps you find solutions, services and products that fit your commercial business needs.
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