Director, Front Office Models — Capital Markets Pricing & Risk

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

Job summary

Citizens in Boston seeks a Director of Front Office Models to own pricing, valuation, and risk models for Commercial Sales & Trading. You will lead model design, validation, and governance, collaborating with Trading, Risk, Finance, and Audit to ensure accurate pricing and robust risk measurement.

Requires 10+ years in front office modeling, strong quantitative skills, and proven experience in a regulated environment.

Qualifications

• 10+ years in front office quantitative modeling, risk analytics, or Capital Markets.
• Deep expertise in pricing and risk modeling across credit, fixed income, and structured products.
• Proven experience owning front office models in a regulated environment.
• Strong experience engaging with Model Risk Management, Audit, and regulators.
• Advanced quantitative skills (derivatives pricing, stochastic modeling, numerical methods).
• Strong understanding of valuation, sensitivities, and risk measurement frameworks; experience with complex instruments and embedded optionality.
• Senior SME capable of influencing across trading and control functions.
• Strong commercial acumen aligning modeling to business outcomes.
• Excellent communication translating complex concepts to diverse stakeholders.

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

Front office modeling

Quantitative analytics

Derivatives pricing

Stochastic modeling

Model Risk Management

Cross-functional collaboration

Communications

Job description

Citizens in Boston seeks a Director of Front Office Models to own pricing, valuation, and risk models for Commercial Sales & Trading. You will lead model design, validation, and governance, collaborating with Trading, Risk, Finance, and Audit to ensure accurate pricing and robust risk measurement.

Requires 10+ years in front office modeling, strong quantitative skills, and proven experience in a regulated environment.