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Senior Risk Analyst, Model Validator (Remote)

Raleigh, NC, United States of America - $135k
Full Time
Posted by First Citizens Bank
Overview

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

This position supports the implementation and execution of Bank wide model risk management policies and procedures, including model governance and performance monitoring, in conformance with regulatory guidance. Reviews complex models used within the organization, model documentation protocols, development and maintenance of model risk reporting and maintenance of the model inventory. Assesses model risks and limitations, makes recommendations, follows up and tracks ongoing model risk issues. Provides guidance and mentorship to less experienced credit approval associates within the work group.

Responsibilities
  • Analysis - Conducts risk analysis to validate the performance of existing models and leads gap closing projects to include recommended model changes. Provides independent review of model validations, effectively assessing the validity of issues raised and methodological approaches for the proper resolution of these issues.
  • Reporting - Reports regularly to the Model Risk Manager on the compliance of the model risk management program, including policies and procedures, with respect to its progress, working issues, and challenges.
  • Relationship Development - Develops and maintains effective partnerships with the model analysts, model owners, business level risk management teams and auditors, internal and external.
  • Business Support - Provides recommendations for the design, development, back testing, implementation and recalibration of models owned by the model development team. Assists in the review and validation of model performance and controls, including establishing the model validation scope, assessment of validation results and directing communication with stakeholders. Assists in the development and maintenance of the model inventory ensuring the inventory is complete, accurate, and consistent with the intent of the Model Validation Policy.
Qualifications
    Bachelor's Degree and 6 years of experience in model validation OR High School Diploma or GED and 10 years of experience in model validationLicense or Certification Type: N/A

This job posting is expected to remain active for 15 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.

This job posting has been extended until 11/15/24.

The base pay for this position is generally between $135,000.00 and $165,000.00. 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.

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 FirstĀ®. 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.

Raleigh, NC, United States of America
$135k
First Citizens Bank
Click apply
JS11167_2744225461
10/17/2024 5:37:40 AM