Paid Sick Days

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401K

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Life Insurance

OTHER

FEED

UNKNOWN

Responsibilities: Under direction of senior model analyst and/or manager, perform tasks for development, validation, and implementation of credit risk models (PD and LGD) across commercial lending products including Equipment Finance and C&I (Commercial and Industrial). 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.

YEAR

Overview:
This is a hybrid-role in Morristown, NJ with the expectation that time working will regularly take place inside and outside of a company office. Three days a week in office.  Quantitative Analyst I of Commercial Equipment Finance Model Development will focus on developing and implementing credit risk models for commercial lending portfolios. This position provides support and expertise through research, development, and data gathering for model development. It creates improvements to current processes and procedures and ensures compliance with relevant rules and regulations. This position provides valuable learning, working, and career development opportunities in a highly professional environment. This position also provides exposure to impactful modeling projects and to a wide variety of internal and external stakeholders.

Responsibilities:
<ul><li>Under direction of senior model analyst and/or manager, perform tasks for development, validation, and implementation of credit risk models (PD and LGD) across commercial lending products including Equipment Finance and C&I (Commercial and Industrial).</li><li>Perform data analysis and cleaning tasks to support model development.</li><li>Cross validates other team members analytical works</li><li>Maintain code updates and code commentary up to date </li><li>Monitor model performance and identify potential areas for improvement.</li><li>Contribute to the generation of reports for CCAR and CECL requirements.</li><li>Stay current with industry’s best practices and regulatory guidance.</li><li>Maintain the procedure documentation up to date</li><li>Keep working folders organized and clean</li></ul>

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 Qualifications:<ul><li>Ph.D. or Master's degree in Statistics, Mathematics, Finance, Operation Research, Industrial Engineering, or other related quantitative fields. </li><li>At least 2 years of progressive experience in credit risk model development in Banks</li><li>Hands on experience using Python, SAS and SQL.</li><li>Hands-on experience in model development,including model development during academic studies</li><li>Expert knowledge of statistical modeling, machine learning techniques, and risk analytics methodologies</li><li>Basic knowledge about bank’s credit management practice</li><li>Basic understanding of bank’s operations</li></ul> The base pay for this position is generally between $99,619 and $130,000.  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.  #LI-Hybrid

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®

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Quantitative Analyst I, Commercial Model Development First Citizens Bank

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