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First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets.

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About the Role:

The candidate will formally report to the Director of Credit Risk Stress Testing and will also support the Director of Credit Administration in executing a range of responsibilities that span credit risk grade modeling and credit risk stress testing. In the Credit Risk Grade Model function, the candidate will contribute to the on-going development and monitoring of quantitative driven risk rating models, supporting of the team from a technical perspective. In the Credit Stress Test function, the candidate will perform a similar role but also perform other responsibilities like the execution of a stress test model to generate a credit loss forecast under a severely adverse economic scenario.

This role presents a unique opportunity not only to develop subject matter expertise in topics specific to each Group, but also the conceptual and operational interdependencies between the two functions. How do the risk and reward characteristics of an asset as reflected by a risk grade then get translated into a forecast of future losses in different economic scenarios.

The candidate will have a combination of educational training and work experience in core competencies of both functions. There is no rigid expectation given that the aptitude and work ethic of the candidate are considered critical components of future success. The credit risk modeling and analytics environment can be dynamic given certain forces such as changes in regulatory guidance. The candidate will be required to demonstrate versatility in skill sets and outlook to work with a team to keep models and analytics consistent with best practices. In this context, direct and in-depth experience in model development, administration, attribution analysis and reporting will be highly considered.

Both Credit Risk Model Groups conduct a wide range of tasks and deliverables in the fields of economic scenario development, forecasting, data science, MIS, modeling and project planning. The Candidate will be exposed to a cross disciplinary set of job functions that spans Finance, Treasury, Capital Planning id and Credit. The deliverables of both Groups are considered vital to a range of external audiences and the senior leaders of the Bank.

In both functions, the candidate will be required to drive for execution of significant deliverables of major import to the Bank sometimes under tight deadline pressure and yet in a highly collaborative setting. The incumbent will be required to communicate effectively with colleagues within the Group and other functional areas in this particular context.

The incumbent will utilize their educational skills and job experience to execute on a range of tasks such as data aggregation of the stress test submission, the running of models and presenting results. The incumbent will assist in data management tasks that are critical to the consistent execution of loss forecasting models. The Incumbent will be able to apply a combination of quantitative and qualitative skills to complete analytical tasks and present findings effectively. Given the unique combination of knowledge silos required to complete stress testing, the Incumbent can expect active coaching and management from the Director and other staff.

Responsibilities:

• Contribute to the on-going credit risk grade model development, monitoring, and maintenance activities from a technical perspective.
• Assist in the execution of credit loss forecasting models. Utilizing knowledge on economic and market drivers of credit risk.
• Contribute to the execution of model remediation efforts.
• Contributing to the efforts to collect, store, provide and remediate data sets in conjunction with other functional areas such as MIS.
• Develop and maintain effective graphical views of analytical relationships.
• Contribute to the development of project plans, in concert with the Director.
• Adhere rigorously to the execution of deliverables consistent with the governance and control processes.

The base pay for this position is relative to your experience but the range is generally $91,902.00 to $137,852.00 per year. First Citizens offers a competitive benefits program which you can review here:

https://jobs.firstcitizens.com/benefits

Preferred Qualifications:

• Undergraduate and Graduate Degrees in Finance, Mathematics, Economics, Data Science or related preferred.
• Demonstrated experience in the Credit Risk space preferably in the technical realms of model development, validation, maintenance or other areas.
• Demonstrated proficiency in one or a core group of programs such as R or Python.

Basic Qualifications:

Bachelor's degree and 3 years of experience with a Finance, Mathematics, Economics, Data Science or related field

OR

High School diploma or GED and 7 years of experience with a Finance, Mathematics, Economics, Data Science or related field.