Model Risk Management Analyst

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

This position is responsible for executing and supporting model risk management activities with a focus on governance and oversight across the model lifecycle. The role involves reviewing validation documentation, conducting risk assessments, and participating in enterprise-wide governance activities. The individual will maintain a strong knowledge of modeling systems, internal policies, and regulatory expectations.

• Model Validation - Conduct thorough validations of financial models, ensuring their accuracy, reliability, and compliance with internal policies and regulatory guidelines.
• Risk Assessment - Identify, assess, and quantify risks associated with financial models. Prepare reports on findings and propose mitigation strategies.
• Documentation and Reporting - Prepare comprehensive documentation for model validations, risk assessments, and regulatory submissions.
• Collaboration - Work closely with stakeholders across various departments to gather necessary information for model validations and risk assessments.

Bachelors Degree and 4 years of experience in Operational Risk, Risk Management in Financial Services OR High School Diploma or GED and 8 years of experience in Operational Risk, Risk Management in Financial Services

Preferred Education: Advanced Degree in Quantitative discipline (math, statistics)

Preferred Area of Study: Economics, Mathematics, Finance, Statistics, Risk Management

Preferred Area of Experience: Development and/or model validation

Preferred Skill(s): Quantitative Analysis, Model Risk Assessment Techniques, Stress Testing Methodologies

This job posting is expected to remain active for 45 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.  

The base pay for this position is generally between $115,000.00 and $160,000.00. 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. 

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.

Information :

• Company : First Citizens Bank
• Position : Model Risk Management Analyst
• Location : North Carolina
• Country : US