Director, ALM, Market Risk, Model Risk Mgmt (Remote)
First Citizens Bank
Seattle, WA(remote)
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JOB DETAILS
JOB TYPE
Full-time, Employee
SKILLS
Auditing, Budgeting, Compensation and Benefits, Consulting, Cross-Functional, Documentation, Economics, Financial Mathematics, Forecasting, High School Diploma, Inventory Management, Legal, Management Consulting, Model Validation, People Management, Performance Management, Performance Reviews, Problem Solving Skills, Process Modeling, Programming Languages, Quantitative Analysis, R Programming Language, Regulations, Relational Databases (RDBMS), Risk Management, Risk Modeling, SQL (Structured Query Language), Scripting (Scripting Languages), Statistics, Tactical Operations, Team Lead/Manager, Testing
LOCATION
Seattle, WA
POSTED
30+ days ago
This is a remote role that may only be hired in the following location(s): Washington (WA)
This position manages and executes validation activities associated with risk models. Oversees key model governance activities as well as tactical and operational activities for the MRM Department. Leads a team of associates in evaluating the conceptual soundness of models to determine their limitations and suitability of use. Establishes the scope and necessary testing of validations, providing guidance to associates as necessary on complex issues. Consults with model owners to resolve questions or deficiencies. Responsible for validation scripts and related documentation. Works closely with business partners on stakeholder reporting, the remediation of findings, and other aspects of model validation that support risk management objectives.
Responsibilities
Validation Oversight - Develops and oversees associates and processes related to model validations, including independent testing and model inventory updates. Manages the assessment of model design and suitability of use. Provides expert, hands-on support to validation activities, resolving complex issues and process inefficiencies. Maintains scripts and other critical documentation.
Managerial Functions - Establishes and monitors expectations to achieve company and department goals. Makes appropriate changes to team policies, procedures, and efficiencies in order to meet objectives. Manages the performance, training, and evaluation of assigned staff. Maximizes department achievements by providing professional development. Assists senior management with departmental budgeting and management of external consultants and vendors.
Reporting - Oversees validation reports to ensure the accuracy and completeness of included information. Facilitates stakeholder, auditor, and examiner reporting.
Collaboration - Develops productive partnerships between business units and teams involved in model risk management activities. Coordinates interactions with model owners during the course of validation. Supports cross-functional business initiatives and risk management needs.
Qualifications
Bachelor's Degree and 8 years of experience in Quantitative analysis in a financial institution and regression methodologies, loss forecasting or regulatory capital estimation
OR
High School Diploma or GED and 12 years of experience in Quantitative analysis in a financial institution and regression methodologies, loss forecasting or regulatory capital estimation
Preferred Education: Advanced Degree
Preferred Area of Study: Economics, Quantitative Finance, Statistics, or related quantitative discipline
Skill(s): Knowledge of regression methodologies, loss forecasting, or regulatory capital estimation, Familiarity with relational databases and SQL, Expert knowledge of SAS, R, or other programming language
The base pay for this position is generally between $170,000.00 and $215,000.00. 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.
First Citizens Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race (including traits historically associated with race, such as hair texture and protective hairstyles), color, religion, national origin, sex, age, disability, protected veteran status, sexual orientation, gender identity, genetic information, military membership, application, or obligation, or any other legally protected status.
About the Company
F
First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. As the largest family-controlled bank in the United States, First Citizens is continuing a unique legacy of strength, stability, and long-term thinking that has spanned generations. Founded in 1898 and headquartered in Raleigh, N.C., First Citizens also operates a nationwide direct bank and a network over 550 branches in 22 states. Industry specialists bring a depth of expertise that helps businesses and individuals meet their specific goals at every stage of their financial journey. First Citizens Bank brings together personal service and powerful tools to help customers do more with their money – and make more of their future.
Looking for a career with CIT? CIT is now a division of First Citizens Bank.
First Citizens Bank. Forever First®
COMPANY SIZE
10,000 employees or moreINDUSTRY
Banking
EMPLOYEE BENEFITS
Long Term Disability, Retirement / Pension Plans, Professional Development, Prescription Drug Coverage, Paid Holidays, Life Insurance, Paid sick days, Flexible Spending Accounts, Vacation/paid time off, 401K, Medical, Dental and Vision, Maternity/Paternity Paid Leave
FOUNDED
1898
WEBSITE
https://www.firstcitizens.com