Quantitative Analyst II - CRE Loss Forecasting Model Development

Overview

This is a hybrid role in Atlanta, GA with the expectation that time working will regularly take place inside and outside of a company office. Three days a week in office.

The Quantitative Analyst II for Commercial Model Development will focus on developing and implementing sophisticated credit risk models for commercial lending portfolios. This role will be working closely with senior leadership to shape the organization's risk strategy and ensure alignment with business objectives.

This position provides valuable learning, working, and career development opportunities in a highly professional environment. This position also provide exposure to impactful modeling projects and to a wide variety of internal and external stakeholders.

Responsibilities

Lead the development, evaluation, and implementation of advanced credit risk models across all commercial lending products, including CRE loan portfolios, for stress-testing and CECL reporting purposes.

Partner with senior leadership to translate complex risk analytics insights into actionable business strategies and policy recommendations.

Mentor junior model development professionals by fostering a culture of innovation and continuous improvement in risk modeling approaches and methodologies.

Drive the enhancement of model development frameworks to meet evolving regulatory requirements, including CCAR and CECL compliance.

Lead the response to model validation findings and oversee the implementation of remediation plans across the modeling and analytics team.

Establish and maintain relationships with regulatory bodies, external / internal auditors, Model Risk Management (MRM) and other 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.

Qualifications

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 Qualifications :

Ph.D. or Master's degree in Statistics, Mathematics, Finance, Operation Research, Industrial Engineering, or other related quantitative field.

At least 4 years of progressive experience in credit risk model development for US Banks.

CRE Loss Forecasting Model Development experience preferred.

Hands on experience using Python, SAS, and SQL.

Hands on experience in developing statistical models using panel, cross-sectional, and time-series datasets.

Strong understanding of regulatory requirements and experience in interactions with regulatory bodies.

Expert knowledge of statistical modeling, machine learning techniques, and risk analytics methodologies.

Proven track record of translating complex analytical insights into business strategy.

Professional certifications (e.g. CFA or FRM) are a plus.

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.