Quantitative Analyst Consultant

This is a hybrid role (if located in Charlotte, NC, or Raleigh, NC) 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 candidate.

The Quantitative Analyst Consultant position will manage the review of risk models & tools used to report on and manage the financial metrics, balance sheet and general management of risk for the Bank. The primary focus is review of the design, development, and implementation of algorithms and mathematical or statistical models which intended to solve complex financial problems.

• Model Development & Data Analysis - Responsibilities include (1) data analysis and research including back testing of models and strategies using historical data, risk management of the business, (2) analyzing and assessing key risks to the bank; and (3) executing stress tests and scenario analysis to evaluate the performance of models under various adverse market conditions.
• Model Documentation & Peer Leadership - Review documentation.
• Business Support - Engage, troubleshoot and escalate work deliverables for assigned systems, products, or business units.
• Process Improvement & Peer Leadership - Identifies potential improvements to current procedures, plans, and controls to achieve business objectives and regulatory requirements.

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

Preferred skills:

• Advanced Degree (Master's or PhD) and 3 years of experience in financial, statistical, or quantitative analysis
• Experience in model development, model validation or model audit, especially in credit risk modeling and stress-testing
• General understanding of financial markets, products, associated risks and risk management practices
• Familiarity with basic concepts in economics, finance and accounting
• Firm grasp of statistical data analysis, relevant academic coursework
• Familiarity with regulatory requirements in the banking industry, including guidance on model risk management, guidance on stress-testing and supervisory expectations with respect to capital planning
• Familiarity with internal audit methodologies, processes, and terminology. Experience in executing model risk related audits, covering both model governance and model technical reviews
• High level of proficiency in MS Office software suite
• Basic knowledge of or keen interest in developing proficiency in SQL and Python

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.