Quantitative Analyst I, Commercial & Industrial (C&I) Model Development

First Citizens Bank; Atlanta (GA); Hybrid; USD 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a Quantitative Analyst I to enhance credit risk models for commercial lending portfolios. This hybrid role allows flexibility, with two days in the office and the potential for remote work in select markets. The successful candidate will engage in data analysis, model validation, and compliance reporting while staying updated on industry best practices. This position is perfect for those passionate about quantitative analysis and looking to make a significant impact in a dynamic environment. Join a team committed to innovation and excellence in financial services.

Benefits

Competitive salary

Quality benefits program

Flexible work schedule

Professional development opportunities

Qualifications

• 2 years of experience in financial or quantitative analysis.
• Expert knowledge of statistical modeling and machine learning.

Responsibilities

• Develop and implement credit risk models for commercial lending.
• Monitor model performance and identify areas for improvement.

Skills

Statistical Analysis

Quantitative Analysis

Data Analysis

Python

SAS

Tableau

Machine Learning Techniques

Risk Analytics Methodologies

Education

Bachelor's Degree

Master's Degree in Statistics or related field

Tools

Python

SAS

Tableau

Job description

Overview

This is a hybrid role (if located in Morristown, NJ or Atlanta, GA) with the expectation that time working will regularly take place inside and outside of a company office. Two days a week in office. Open to remote in several markets for highly qualified candidates.

The Quantitative Analyst I of C&I Model Development will focus on developing and implementing credit risk models for commercial lending portfolios. This position provides support and expertise through research, data gathering, and model development. It also involves creating improvements to current processes and procedures and ensuring compliance with relevant rules and regulations.

Responsibilities

1. Development, validation, and implementation of credit risk models across commercial lending products including C&I (Commercial and Industrial) and Equipment Finance.
2. Perform data analysis and cleaning tasks to support model development.
3. Monitor model performance and identify potential areas for improvement.
4. Contribute to the generation of reports for CCAR and CECL requirements.
5. Stay current with industry best practices and regulatory guidance.

Qualifications

Bachelor's Degree and 2 years of experience in financial, statistical, or quantitative analysis OR High School Diploma or GED and 6 years of experience in the same fields.

License or Certification: None

Preferred Qualifications:

• Master's degree in Statistics, Mathematics, Finance, or related quantitative field.
• At least 4 years of progressive experience in credit risk model development.
• Hands-on experience using Python, SAS, Tableau.
• Experience in model development.
• Expert knowledge of statistical modeling, machine learning techniques, and risk analytics methodologies.

Benefits are an integral part of total rewards. 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.