Asset and Liability Sr. Analyst - QRM Specialist

Citizens Bank; Rhode Island; On-site; USD 109,000 - 141,000; Full time

Benefits offered by this job

Medical, dental and vision coverage

Retirement benefits

Maternity/paternity leave

Flexible work arrangements

Education reimbursement

Wellness programs

Job summary

Citizens Bank in Rhode Island seeks a Senior QRM Engineer to lead the Treasury Balance Sheet Modeling (BSM) framework, guiding governance, architecture, data structures and controls across Treasury, Risk and Finance. You’ll drive forecasting, stress testing and FTP analytics while partnering with Tech and Finance teams.

The role emphasizes development of new use cases, model governance support and strategic analytics, with a 40-hour work week (Mon–Fri).

Qualifications

• Undergraduate degree in Finance, Economics, Mathematics, Statistics, Engineering, CS, Quantitative Finance or related field.
• Progressive experience with Treasury, Banking, Risk Management, Quantitative Analytics or Financial Systems experience.
• Strong quantitative and analytical capabilities.
• Strong knowledge of Interest Rate Risk, Balance Sheet Management, Stress Testing, Funds Transfer Pricing, Forecasting methodologies.
• Excellent written, verbal and presentation skills.
• Strong project management and prioritization skills.
• Ability to simultaneously manage multiple stakeholders and competing deadlines.

Responsibilities

• Support governance and management of the centralized QRM framework supporting all Treasury use cases.
• Own framework configuration, architecture, data structures, reporting hierarchies and implementation standards.
• Manage framework controls, documentation standards, testing protocols and change governance processes.
• Ensure platform integrity, audit readiness and model governance compliance.
• Manage the end-to-end change request lifecycle, including intake, requirements gathering, prioritization, testing, stakeholder approval and deployment.
• Support monthly framework maintenance activities across all Treasury production processes.
• Coordinate implementation of framework upgrades, new functionality and vendor releases.
• Establish production controls, validation procedures and evidence collection supporting audit and regulatory expectations.
• Lead development of new Treasury use cases, forecasting capabilities and analytical tools within QRM.
• Partner with Treasury, Finance, Risk and Technology teams to implement new modeling capabilities.
• Design and implement scalable solutions supporting forecasting, FTP, stress testing and risk analytics.
• Drive process automation and operational efficiency initiatives leveraging QRM, SQL, Python, Alteryx and reporting technologies.
• Serve as a recognized subject matter expert for the Treasury BSM framework/QRM.
• Build strong relationships across Treasury, Finance, Technology and Business Line partners.
• Provide consultation and technical guidance regarding framework capabilities, implementation approaches and analytical methodologies.
• Support successful adoption and operation of the framework across all user groups.
• Support framework reviews conducted by Model Risk Management & Market Risk, Internal Audit and Regulatory agencies.
• Respond to model governance findings and regulatory inquiries.
• Maintain documentation supporting conceptual soundness, implementation integrity and production controls.
• Deliver ad hoc analysis in support of strategic Treasury initiatives, executive decision-making and risk management activities.
• Apply financial mathematics, balance sheet management concepts and QRM functionality to develop best-in-class solutions.
• Support ongoing modernization of ALM capabilities and enterprise forecasting processes.

Skills

Interest Rate Risk

Balance Sheet Management

Stress Testing

Funds Transfer Pricing

Forecasting methodologies

Quantitative Analytics

Communication skills

Project management

Stakeholder management

Data analysis

Education

Bachelor's degree in Finance/Economics/Math/CS

CFA/FRM/MBA preferred

Tools

SQL

Python

Power BI

Alteryx

Essbase

Data warehousing

Job description

In this role at Citizens, you’ll experience new things, create new opportunities, think beyond your role, and make an impact!

The Treasury Balance Sheet Modeling (BSM) Team is responsible for the governance, management, and evolution of the Bank’s centralized Quantitative Risk Management (QRM) framework. This platform serves as the core analytical engine supporting Treasury’s strategic forecasting, risk management, stress testing, and funds transfer pricing activities and is expected to continue expanding across additional enterprise use cases.

The Asset & Liability Management Engineering team owns the centralized framework and provides governance, development, implementation, testing and subject matter expertise to business users across Treasury, Risk and Finance. The team is responsible for ensuring that the framework remains controlled, scalable, well-documented and capable of supporting future analytical needs.

Most importantly, you’ll feel valued for who you are and supported to achieve what’s important to you, personally and professionally!

Primary responsibilities include

QRM Framework Ownership

• Support governance and management of the centralized QRM framework supporting all Treasury use cases.
• Own framework configuration, architecture, data structures, reporting hierarchies and implementation standards.
• Manage framework controls, documentation standards, testing protocols and change governance processes.
• Ensure platform integrity, audit readiness and model governance compliance.

Change Management & Production Governance

• Manage the end-to-end change request lifecycle, including intake, requirements gathering, prioritization, testing, stakeholder approval and deployment.
• Support monthly framework maintenance activities across all Treasury production processes.
• Coordinate implementation of framework upgrades, new functionality and vendor releases.
• Establish production controls, validation procedures and evidence collection supporting audit and regulatory expectations.

Framework Development & Enhancement

• Lead development of new Treasury use cases, forecasting capabilities and analytical tools within QRM.
• Partner with Treasury, Finance, Risk and Technology teams to implement new modeling capabilities.
• Design and implement scalable solutions supporting forecasting, FTP, stress testing and risk analytics.
• Drive process automation and operational efficiency initiatives leveraging QRM, SQL, Python, Alteryx and reporting technologies.

Subject Matter Expertise & Stakeholder Support

• Serve as a recognized subject matter expert for the Treasury BSM framework/QRM.
• Build strong relationships across Treasury, Finance, Technology and Business Line partners.
• Provide consultation and technical guidance regarding framework capabilities, implementation approaches and analytical methodologies.
• Support successful adoption and operation of the framework across all user groups.

Model Governance & Regulatory Support

• Support framework reviews conducted by:
  • Model Risk Management &V
  • Market Risk
• Internal Audit
• Regulatory agencies
• Respond to model governance findings and regulatory inquiries.
• Maintain documentation supporting conceptual soundness, implementation integrity and production controls.

Strategic Analytics

• Deliver ad hoc analysis in support of strategic Treasury initiatives, executive decision-making and risk management activities.
• Apply financial mathematics, balance sheet management concepts and QRM functionality to develop best-in-class solutions.
• Support ongoing modernization of ALM capabilities and enterprise forecasting processes.

Qualifications, Education, Certifications and/or Other Professional Credentials

Required Qualifications

• Undergraduate degree in Finance, Economics, Mathematics, Statistics, Engineering, Computer Science, Quantitative Finance or related field.
• Progressive experience with Treasury, Banking, Risk Management, Quantitative Analytics or Financial Systems experience.
• Strong quantitative and analytical capabilities.
• Strong knowledge of:
  • Interest Rate Risk
  • Balance Sheet Management
  • Stress Testing
  • Funds Transfer Pricing
  • Forecasting methodologies
• Excellent written, verbal and presentation skills.
• Strong project management and prioritization skills.
• Ability to simultaneously manage multiple stakeholders and competing deadlines.

Preferred Qualifications

• Advanced QRM Framework experience.
• Experience with:
  • SQL
  • Python
  • Power BI
  • Alteryx
  • Essbase
  • Data warehousing platforms
• Exposure to:
  • Deposit pricing models
  • Deposit attrition models
  • Behavioral modeling
  • Forecasting frameworks
  • Model governance processes
• CFA, FRM or MBA preferred.
• Experience supporting regulatory, audit or model-validation reviews.

Hours & Work Schedule

• Hours per Week: 40
• Work Schedule: Monday-Friday

#LI-CITIZENS2

Pay Transparency

Pay Transparency
The salary range for this position is $109,000 - $141,000 per year. Actual pay is based on various factors including but not limited to the budget, work location, and relevant skills and experience.
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time‑away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.

Work Authorization: This role is not eligible for new employer‑sponsored or current H-1 B visa holders. Applicants, including current OPT, L and other visa holders, must be authorized to work in the U.S. without the need for new employer sponsorship for themselves or their spouses now and in the future.

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.

Equal Employment and Opportunity Employer

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Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.