Senior Manager Quantitative Analysis--Consumer Model Development

This is a hybrid role (if located in Atlanta, GA, Charlotte, NC or Raleigh, NC ) with the expectation that time working will regularly take place inside and outside of a company office. Three days a week in office. Open to remote in several markets for highly qualified candidate.

The Manager of Consumer Model development will lead a team of quantitative risk analysts responsible for developing, implementing, and maintaining credit risk models for the bank's consumer lending portfolio. This role serves as the tactical leader bridging strategy and execution, reporting directly to the Director of Risk Analytics & Modeling while providing hands-on leadership to junior team members. The position requires strong technical expertise combined with people management skills to ensure effective delivery of risk modeling solutions.

• Support the Director and lead the development, testing, and implementation of advanced credit risk models across consumer lending products including Credit Cards, and Auto Loans, Mortgages, and HELOCs, with focus on Credit Card and Auto portfolios.
•  Execute the model development plan and ensure proper delivery. Serve as the owner of model documentation, and development and testing materials.
•  Lead and mentor a team of model development professionals, fostering a culture of innovation and continuous improvement in risk modeling approaches.
•  Oversee the model ongoing monitoring program. Review the monitoring results and explain the model performance to model users and management.
•  Support the Director in response to model validation findings and oversee the implementation of remediation. 
•  Collaborate with other modeling and analytical teams to continuously improve the process and gain efficiency. Drive the enhancement of risk management frameworks to meet evolving regulatory requirements, including CCAR and CECL compliance.
•  Support the Director and partner with business leadership to translate complex risk analytics insights into actionable business strategies and policy recommendations.
•  Establish and maintain relationships with regulatory bodies, external/internal auditors, model Risk Management and key stakeholders.
•  Guide the development and implementation of new risk assessment methodologies and tools to improve the organization's risk management capabilities.
•  Lead strategic initiatives to modernize risk analytics infrastructure and capabilities through adoption of advanced technologies and methodologies, including AI and other intelligent tools.

Bachelor's Degree and 6 years of experience in Financial, Statistical or Quantitative Analysis Experience, with at least 2 years management/lead experience OR High School Diploma or GED and 10 years of experience in Financial, Statistical or Quantitative Analysis Experience, with at least 2 years management/lead experience

Preferred Education: advanced degree, masters/PHD in quantitative field, ie mathematics, computer science, financial engineering

Preferred Area of Study: Quantitative or Statistical Analysis, Financial Engineering, Computer Science, Mathematics

Preferred Area of Experience: Banking, Financial Engineering, Computer Science

Preferred Qualifications:

• Ph.D. degree in Statistics, Mathematics, Finance, or related quantitative field
• At least 10 years of progressive experience in credit risk model development, with at least 3 years in a leadership role
• At least 3 years hands on experience in Credit Card loss forecasting model development or validation
• Hands on experience using Python, SAS, Tableau
• Hands on experience in model development and model development documentation
• Demonstrated experience in leading teams responsible for development and implementation of enterprise-wide risk models
• Strong understanding of regulatory requirements and experience in interactions with regulatory bodies
• Experience with CCAR and CECL
• Expert knowledge of statistical modeling, machine learning techniques, and risk analytics methodologies
• Proven track record of translating complex analytical insights into actionable strategy

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.

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