Principal Quantitative Consultant

Responsibilities

• The qualified candidate will be responsible for overseeing model risk of Anti-Money Laundering (AML) models, Customer Risk Rating (CRR) models, Sanction models, Fraud Models, and Fair Lending models. Model Risk Management seeks a Principal Quantitative Consultant to oversee a broad range of model risk management activities, including :

Team Management & Collaboration : Supervise quantitative analysts, providing guidance and mentorship. Collaborate closely with senior leaders, model developers, and business units to coordinate validation efforts and foster a collaborative working environment. Model Validation Leadership : Lead and manageprehensive model validation processes across the Bank's key models, ensuring accuracy, reliability, and alignment with business objectives, regulatory requirements, and risk management strategies. Model Inputs & Framework Evaluation : Oversee the evaluation of data integrity, assumptions, and limitations in model inputs. Guide quantitative analysts in assessing the adequacy of model design and framework, ensuring they meet regulatory standards and business needs. Model Code & Oue Evaluation : Ensure the team reviews model code for accuracy andpliance. Oversee the analysis of back-testing results and sensitivity testing ensuring that models meet regulatory and business performance metrics. Risk Identification & Mitigation Strategy : Lead the identification and management of model risks, providing strategic insights and rmendations for risk mitigation. Work closely with stakeholders to implement measures that improve model quality and regulatorypliance. Documentation & Reporting : Ensure the production of high-quality validation reports, effectivelymunicatingplex technical findings, risks, and rmendations to both technical and non-technical stakeholders. Oversee the documentation process to ensurepliance with internal standards and regulatory requirements. Audit & Regulatory Support : Take ownership of managing validation responses during internal audits and regulatory exams. Lead the preparation of materials, draft responses to regulatory inquiries, and represent the model validation team during examinations. Continuous Improvement & Thought Leadership : Stay abreast of emerging trends in model validation, and regulatory changes. Lead process improvements within the team, contributing to the development of industry-leading validation methodologies.

Qualifications

Bachelor's Degree and 8 years of experience in financial, statistical, or quantitative analysis experience OR High School Diploma or GED and 12 years of experience in financial, statistical, or quantitative analysis experience

Preferred Area of Study : quantitative or statistical analysis, financial engineering, mathematics orputer sciencePreferred Area of Experience : banking, financial engineers,puter science

Preferred Qualifications

The base pay for this position is generally between $180, and $240, Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, totalpensation may also include variable incentives, bonuses, benefits, and / or other awards as outlined in the offer of employment.

This job posting is expected to remain active for 45 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings maye down early due to business need or a high volume of applicants.

Benefits are an integral part of total rewards and First Citizens Bank ismitted to providing apetitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at / / jobs.firstcitizens / benefits. Job ID 30341