Quantitative Analyst Consultant, Model Risk Management (Remote)

First Citizens Bank; Raleigh (NC); Remote; USD 150,000 - 205,000; Full time

Job summary

A leading bank seeks a Quantitative Analyst Consultant to provide risk analytics and expert support. The role involves evaluating potential losses, developing solutions, and ensuring compliance with risk strategies. Ideal candidates will have extensive experience in quantitative analysis and strong programming skills.

Benefits

Comprehensive benefits program

Qualifications

• 6 years of experience in financial, statistical, or quantitative analysis.
• 2+ years of experience in model development, validation, or implementation.

Responsibilities

• Leads design and implementation of process evaluation methods.
• Produces reports based on data analysis and risk factors.
• Supports business processes through escalated operational tasks.

Skills

Data Analysis

Problem Solving

Communication

Education

Bachelor's Degree

High School Diploma or GED

Advanced degree

Tools

Python

R

SAS

SQL

Job description

Join to apply for the Quantitative Analyst Consultant, Model Risk Management (Remote) role at First Citizens Bank.

This position provides risk analytics and expert support at the highest level of operational complexity to business units. Creates methods to evaluate potential losses and develops high-impact solutions to minimize or eliminate risk. Recommends and monitors enhancements to current processes and procedures, performing analysis and reporting in support of strategic objectives. Serves as a resource and may provide a leadership role for the work group through knowledge in the area of specialization.

Responsibilities

1. Identifying Risk: Leads the design and implementation of process evaluation methods, and the development of expert solutions to address identified risks. Works closely with management to ensure risk strategies are effective and compliant. May involve creation, evaluation, and execution of models or simulation scenarios to test risk conditions.
2. Data Analysis: Sources, compiles, and interprets data. Performs complex analysis for risk trends and data discrepancies, and may direct the analytics efforts of the work group.
3. Reporting: Produces reports based on data analysis, company trends, and risk factors. Conveys patterns, problems, and areas of improvement. Enables insight into potential losses and mitigation of identified risks through reporting activities.
4. Operational Support: Supports business processes through a variety of escalated operational tasks. Develops, implements, and ensures continuous improvement test environments. Collaborates with management and other associates to improve team efficiency, transparency, and responsible use of models. Handles complex technical matters and participates in special projects.

Qualifications

• Bachelor's Degree and 6 years of experience in financial, statistical, or quantitative analysis OR High School Diploma or GED and 10 years of experience in financial, statistical, or quantitative analysis.

Preferred Qualifications

• Advanced degree (Master's or Ph.D.) in a quantitative field (e.g., Statistics, Data Science, Financial Engineering, Mathematics, Economics, or a related discipline).
• 2+ years of relevant experience in model development, validation, or implementation in a regulated industry.
• Understanding of Large Language Models and their API use.
• Proficiency in statistical methods and machine learning techniques; programming skills (Python, R, SAS, SQL).
• Strong understanding of regulatory requirements, especially stress testing and capital planning.
• Excellent problem-solving, attention to detail, and communication skills.
• Understanding of regulatory guidance in large financial institutions.

This job posting is active for 45 days. The salary range is generally $150,000 to $205,000, with actual starting pay based on skills and experience. Benefits include a comprehensive program detailed at https://jobs.firstcitizens.com/benefits.