Senior Model Risk Analyst, Derivatives (Remote)

First Citizens Bank; United States; Remote; USD 140,000 - 185,000; Full time

Job summary

A leading banking institution is seeking a risk analytics professional to join their innovative team. The role involves model development using Python and SQL, along with opportunities for professional growth and a comprehensive benefits package. Ideal candidates will have robust analytical skills and a solid background in financial services.

Benefits

Comprehensive benefits package

Career advancement opportunities

Engaging work environment

Qualifications

• 6 years of experience in risk analytics or 10 years without a degree.
• Ability to construct models and data exercises independently.
• Experience in banking or financial services preferred.

Responsibilities

• Write Python and SQL code for model development.
• Assess and write model validation reports.
• Develop partnerships with model analysts.

Skills

Quantitative skills

Proficiency in Python

Proficiency in SQL

Excellent writing skills

Meeting management skills

Education

Bachelor's Degree

High School Diploma or GED

Master’s (MS/MSc) or Doctoral (PhD)

Job description

Employer Industry: Banking and Financial Services

Why consider this job opportunity:
- Salary up to $185,000.00
- Opportunity for career advancement and growth within the organization
- Comprehensive benefits package tailored to meet the needs of associates
- Engaging work environment with a focus on collaboration and mentorship
- Chance to work on innovative modeling efforts in derivatives and risk management

What to Expect (Job Responsibilities):
- Write Python and SQL code to replicate model development and data ETL activities
- Assess model documentation for completeness and conceptual soundness
- Independently write model validation reports and memos related to model risk management
- Develop and maintain effective partnerships with model analysts and business risk management teams
- Support business lines in managing and maintaining an accurate model inventory

What is Required (Qualifications):
- Bachelor's Degree and 6 years of experience in risk analytics OR High School Diploma or GED and 10 years of experience in risk analytics
- Strong quantitative skills specific to derivatives modeling
- Proficiency in coding with the ability to independently construct various model and data exercises
- Excellent writing skills to communicate technical themes effectively
- Strong meeting management skills, including the ability to lead discussions with stakeholders

How to Stand Out (Preferred Qualifications):
- Master’s (MS/MSc) or Doctoral (PhD) Degree with a quantitative focus
- Experience with probability theory and stochastic processes
- Familiarity with numerical analysis and optimization theory
- Demonstrated ability to communicate complex ideas to diverse audiences
- Previous experience in a similar role within the banking or financial services sector

#Banking #FinancialServices #RiskManagement #CareerOpportunity #ModelValidation #QuantitativeAnalysis

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