First Citizens Bank
Quantitative Analyst II - Consumer Credit Model Development
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Job Description
- Req#: 32525
Employer Industry: Financial Services
Why consider this job opportunity:
- Opportunity for career advancement and growth within the organization
- Hybrid work model, with three days a week in the office
- Engage in the development of sophisticated credit risk models across various consumer lending products
- Collaborative environment with senior leadership to shape risk strategy
- Comprehensive benefits program designed to meet the needs of associates
What to Expect (Job Responsibilities):
- Lead the development, validation, and implementation of advanced credit risk models for consumer lending products, including credit cards, auto loans, mortgages, and HELOCs
- 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
- Drive enhancement of risk management frameworks to comply with evolving regulatory requirements, including CCAR and CECL
- Establish and maintain relationships with internal auditors, Model Risk Management, and key stakeholders
What is Required (Qualifications):
- Bachelor's Degree and 4 years of experience in financial, statistical, or quantitative analysis OR High School Diploma or GED and 8 years of experience in financial, statistical, or quantitative analysis
- Proven experience in credit risk model development for U.S. banks
- Hands-on experience using Python, SAS, and/or SQL for data processing
- Strong understanding of regulatory requirements, including Dodd-Frank Act, CCAR, and Basel
- Proven track record of translating complex analytical insights into business strategy
How to Stand Out (Preferred Qualifications):
- PhD degree in Statistics, Mathematics, Finance, or a related quantitative field
- 4 years of progressive experience in credit risk model development
- Experience with various types of Probability of Default (PD) model structures
- Expert knowledge of statistical modeling, machine learning techniques, and risk analytics methodologies
- Understanding of GAAP practices for banks, including CECL and special assets management
#FinancialServices #CreditRisk #QuantitativeAnalysis #CareerOpportunity #HybridWork
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First Citizens commercial banking helps you find solutions, services and products that fit your commercial business needs.
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