Director Front Office Models, Capital Markets & Advisory

Citizens Bank; Boston (MA); On-site; USD 200,000 - 300,000; Full time

Job summary

Citizens Bank in Boston seeks a Director, Front Office Models to own pricing, valuation, and risk models for Commercial Sales & Trading desks. You will serve as the front office authority on model design and usage, developing quantitative models to support trading, pricing, hedging, and risk analysis.

You will lead model validation, ensure governance and regulatory compliance, evaluate performance, and collaborate with Trading, Risk, Finance, and Technology to drive revenue and balance sheet

Qualifications

• Own the end-to-end lifecycle of front office pricing, valuation, and risk models across Commercial Sales & Trading Desks.
• Develop and enhance quantitative models to support trading, pricing, hedging, and risk analysis.
• Ensure full compliance with internal model governance frameworks and regulatory requirements.
• Lead model validation and defend models in engagements with Model Risk Management, Internal Audit, and regulators.

Responsibilities

• Own the end-to-end lifecycle of front office pricing, valuation, and risk models across Commercial Sales & Trading Desks.
• Serve as the front office authority on model design, methodologies, assumptions, and appropriate usage.
• Develop and enhance quantitative models to support trading, pricing, hedging, and risk analysis.
• Ensure full compliance with internal model governance frameworks and regulatory requirements.
• Lead model validation and defend models in engagements with Model Risk Management, Internal Audit, and regulators.
• Evaluate model performance and implement enhancements aligned with market, product, and regulatory developments.
• Partner cross-functionally with Trading, Market Risk, Counterparty Risk, Finance, and Technology to ensure alignment and scalability.
• Enable pricing transparency, risk insight, and effective hedging to support revenue generation and balance sheet optimization.

Skills

Pricing models

Valuation models

Risk models

Quantitative modeling

Model governance

Cross-functional collaboration

Hedging

Pricing transparency

Education

Bachelor's degree in a quantitative field

Tools

Model Risk Management tools

Job description

Citizens is seeking a Director, Front Office Models to join the Capital Markets platform in our Boston office. The Director is the accountable owner of all front office pricing, valuation, and risk models supporting Commercial Sales & Trading desks. This role ensures models are commercially effective, analytically robust, and fully compliant with internal governance and regulatory expectations. Acting as the front office authority on model design and application, the Director partners closely with Trading, Risk, COO, Finance, and Model Risk Management to enable accurate pricing, transparent risk measurement, and sustainable revenue generation.

Primary responsibilities include

• Own the end-to-end lifecycle of front office pricing, valuation, and risk models across Commercial Sales & Trading Desks
• Serve as the front office authority on model design, methodologies, assumptions, and appropriate usage
• Develop and enhance quantitative models to support trading, pricing, hedging, and risk analysis
• Ensure full compliance with internal model governance frameworks and regulatory requirements
• Lead model validation and defend models in engagements with Model Risk Management, Internal Audit, and regulators
• Evaluate model performance and implement enhancements aligned with market, product, and regulatory developments
• Partner cross-functionally with Trading, Market Risk, Counterparty Risk, Finance, and Technology to ensure alignment and scalability
• Enable pricing transparency, risk insight, and effective hedging to support revenue generation and balance sheet optimization

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Hours & Work Schedule

• Hours per Week: 40 +
• Work Schedule: Monday to Friday

Pay Transparency

The salary range for this position is $200,000 to $300,000 per year, plus an opportunity to earn an annual discretionary bonus. 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 very local and state jurisdiction in the United States. For an overview of our benefits, https://jobs.citizensbank.com/benefits.

Equal Employment Opportunity

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.