Quantitative Analyst II
Apply NowCompany: First Citizens Bank
Location: Raleigh, NC 27610
Description:
Overview
This is a remote role that may be hired in several markets across the United States including AL, AR, CT, DE, IA, ID, IN, KS, KY, LA, ME, MS, MT, NC, NE, NM, NV, OH, OK, OR, PA, RI, SC, SD, UT, VA, VT, WV.
We are seeking a highly skilled Quantitative Analyst II and senior model developer and manager to join our Modeling and Analytics team at First Citizens. In this role, you will be responsible as an individual contributor, as well as, providing guidance to a team of analysts in the development, implementation, monitoring, and reporting of risk rating models specifically tailored for commercial loan portfolios.
Responsibilities
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
License or Certification Type: null null
Preferred Skills:
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.
This is a remote role that may be hired in several markets across the United States including AL, AR, CT, DE, IA, ID, IN, KS, KY, LA, ME, MS, MT, NC, NE, NM, NV, OH, OK, OR, PA, RI, SC, SD, UT, VA, VT, WV.
We are seeking a highly skilled Quantitative Analyst II and senior model developer and manager to join our Modeling and Analytics team at First Citizens. In this role, you will be responsible as an individual contributor, as well as, providing guidance to a team of analysts in the development, implementation, monitoring, and reporting of risk rating models specifically tailored for commercial loan portfolios.
Responsibilities
- Work with a team of analysts in the development and enhancement of risk rating models for commercial loans, ensuring accuracy and compliance with regulatory standards.
- Conduct thorough analyses of internal and external sources of financial and loan-level data to inform model development.
- Maintain comprehensive documentation of model development processes, ensuring transparency and compliance with regulatory standards.
- 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.
- Collaborate with cross-functional teams to gather input and insights for model improvement and determine appropriate model performance thresholds.
- Monitor model performance and make recommendations for adjustments as necessary.
- Produce comprehensive reports on model outcomes, providing valuable insights to stakeholders.
- Stay abreast of industry best practices and regulatory changes to ensure models remain cutting-edge and compliant.
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
License or Certification Type: null null
Preferred Skills:
- Master's or Ph.D. in a quantitative field such as Statistics, Mathematics, Economics, or related discipline preferred.
- Proven experience in developing risk rating models for commercial loans within the banking sector or similar industry.
- Strong proficiency in statistical modeling techniques (e.g., logistic regression, linear regression, machine learning techniques) and programming languages (e.g., Python).
- Proficiency in data mining and feature engineering techniques.
- Excellent analytical and problem-solving skills with attention to detail.
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.