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

First Citizens Bank; Atlanta (GA); Hybrid; USD 60,000 - 100,000; Full time

Job summary

An established industry player seeks a Quantitative Analyst I to enhance credit risk models for commercial lending. This hybrid role allows flexibility, requiring two days in the office while offering remote options for top candidates. You'll leverage your analytical skills to develop and validate models, ensuring compliance with regulations and improving processes. Join a forward-thinking team dedicated to innovation and excellence in financial services, where your contributions will shape the future of commercial lending risk management.

Qualifications

• 2+ years of experience in financial or quantitative analysis.
• Hands-on experience in credit risk model development.

Responsibilities

• Develop and implement credit risk models for commercial lending.
• Perform data analysis to support model development.
• Monitor model performance and identify improvements.

Skills

Python

SAS

Tableau

Statistical Modeling

Machine Learning

Risk Analytics

Education

Bachelor's Degree in a quantitative field

Master's Degree in Statistics, Mathematics, or Finance

High School Diploma or GED

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 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 financial, statistical, or quantitative analysis.

License or Certification Type: 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.
• Hands-on 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.