Director, ALM, Market Risk, Model Risk Mgmt (Remote)

Overview

This is a remote role that may be hired in several markets across the United States.

This position manages and executes validation activities associated with risk models. Oversees key model governance activities as well as tactical and operational activities for the MRM Department. Leads a team of associates in evaluating the conceptual soundness of models to determine their limitations and suitability of use. Establishes the scope and necessary testing of validations, providing guidance to associates as necessary on complex issues. Consults with model owners to resolve questions or deficiencies. Responsible for validation scripts and related documentation. Works closely with business partners on stakeholder reporting, the remediation of findings, and other aspects of model validation that support risk management objectives.

Responsibilities

• Validation Oversight - Develops and oversees associates and processes related to model validations, including independent testing and model inventory updates. Manages the assessment of model design and suitability of use. Provides expert, hands-on support to validation activities, resolving complex issues and process inefficiencies. Maintains scripts and other critical documentation.
• Managerial Functions - Establishes and monitors expectations to achieve company and department goals. Makes appropriate changes to team policies, procedures, and efficiencies in order to meet objectives. Manages the performance, training, and evaluation of assigned staff. Maximizes department achievements by providing professional development. Assists senior management with departmental budgeting and management of external consultants and vendors.
• Reporting - Oversees validation reports to ensure the accuracy and completeness of included information. Facilitates stakeholder, auditor, and examiner reporting.
• Collaboration - Develops productive partnerships between business units and teams involved in model risk management activities. Coordinates interactions with model owners during the course of validation. Supports cross-functional business initiatives and risk management needs.

Qualifications

Bachelor's Degree and 8 years of experience in Quantitative analysis in a financial institution and regression methodologies, loss forecasting or regulatory capital estimationORHigh School Diploma or GED and 12 years of experience in Quantitative analysis in a financial institution and regression methodologies, loss forecasting or regulatory capital estimationPreferred Education : Advanced DegreePreferred Area of Study : Economics, Quantitative Finance, Statistics, or related quantitative disciplineSkill(s) : Knowledge of regression methodologies, loss forecasting, or regulatory capital estimation, Familiarity with relational databases and SQL, Expert knowledge of SAS, R, or other programming language

This job posting is expected to remain active for

45 days

from the

initial

posting date listed above. If it is necessary to extend this deadline, the posting will remain active as

appropriate

he base pay for this position is

generally between

$170,000.00 and $215,000.00. Actual starting base pay will be

determined

based on skills, experience, location, and other non-discriminatory factors

permitted

by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and / or other awards as outlined in the offer of employment.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https : / / jobs.firstcitizens.com / benefits.

Company Description :

Founded in 1898 and headquartered in Raleigh, N.C., First Citizens Bank serves customers in 18 states and the District of Columbia. For over 100 years, customers have trusted First Citizens with their money … and their futures. Today, First Citizens is the largest family-controlled bank in the nation and the sixth-largest bank franchise headquartered in the Southeast with more than $30 billion in assets. We employ more than 6,000 associates who are focused on helping our customers achieve a lifetime of success. First Citizens operates more than 570 branches in Arizona, California, Colorado, District of Columbia, Florida, Georgia, Kansas, Maryland, New Mexico, Missouri, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington and West Virginia.

First Citizens Bank. Forever First®. Member FDIC.

Equal Opportunity / Affirmative Action Employer / Minority / Female / Disability / Veteran

If you need special assistance or an accommodation in applying for employment at First Citizens Bank, please contact our Human Resources department.