Quantitative Analyst I-Risk Rating Model Development

First Citizens; Raleigh (NC); Remote; USD 89,000 - 156,000; Full time

Job summary

First Citizens is seeking a skilled Quantitative Analyst I to join their Modeling and Analytics team. This remote role involves developing and monitoring risk rating models for commercial loans. Ideal candidates will possess strong statistical and quantitative analysis skills, with expertise in programming languages such as SAS and Python. The position offers competitive pay and a comprehensive benefits program tailored for associates.

Benefits

Competitive health benefits

Variable incentives

Bonuses and awards

Qualifications

• 2 years in financial, statistical, or quantitative analysis or 6 years with a High School Diploma.
• Master's degree preferred in Statistics, Mathematics, or Economics.
• Strong proficiency in statistical modeling techniques.

Responsibilities

• Develop risk rating models for commercial loans.
• Ensure compliance with regulatory standards.
• Collaborate with cross-functional teams for model improvement.

Skills

Statistical modeling techniques

Data mining

Analytical skills

Problem-solving skills

Communication skills

Education

Bachelor's Degree

Master's degree in a quantitative field

Tools

Python

SAS

Microsoft Office

Job description

Overview

This is a remote role that may be hired from AL, AR, CT, DE, IA, ID, IL, IN, KS, KY, LA, ME, MS, MT, NC, NE, NM, NV, OH, OK, OR, PA, RI, SC, SD, UT, VA, VT, WV.

We are seeking a skilled Quantitative Analyst I and model developer to join our Modeling and Analytics team at First Citizens. In this role, you will assist with the development, implementation, monitoring, and reporting of risk rating models specifically tailored for commercial loan portfolios.

Responsibilities

• Work with the Modeling & Analytics team on the development and enhancement of risk rating models for commercial loans, ensuring accuracy and compliance with regulatory standards.
• Assist with gathering and analyses of internal and external sources of financial and loan-level data to inform model development.
• Maintain comprehensive documentation of model development processes, ensuring transparency and compliance with regulatory standards.
• Facilitate the model validation process with the bank’s Model Risk Management team.
• Collaborate with IT teams to integrate developed models into the bank's systems and workflows.
• Collaborate with cross-functional teams to gather input and insights for model improvement and determine appropriate model performance thresholds.
• Assist with the monitoring of model performance.

Qualifications

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

Preferred Skills:

• Master's degree in a quantitative field such as Statistics, Mathematics, Economics, or related discipline preferred.
• Strong proficiency in statistical modeling techniques (e.g., logistic regression, linear regression, machine learning techniques) and programming languages (e.g., SAS, Python).
• Proficiency in data mining and feature engineering techniques.
• Excellent analytical and problem-solving skills with attention to detail.
• Ability to communicate complex concepts effectively to both technical and non-technical stakeholders.
• Proficiency with Microsoft Office products (Excel, PowerPoint, Word, etc.).

If hired in Illinois , the base pay for this position is generally between $89,745 and$155,090. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of
employment.

Benefits are an integral part of total rewards and 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.