Risk Analyst III
Overview:
This is a remote role that may be hired in several markets across the United States.
Provide complex support and expertise to business units through research, developing, data gathering, and executing risk procedures. Evaluate potential losses while developing high-impact solutions to minimize or eliminate risk. Create improvements to current processes and procedures, and ensure compliance with relevant rules and regulations. May oversee the work of less experienced analysts in the work group or serve as a resource on risk. Identify risk by creating and implementing complex methods of risk evaluation, developing expert strategies or solutions to address evaluation results, monitoring to ensure developed solutions are effective, and by creating models or simulation scenarios to test risk conditions. Perform data analysis by sourcing, compiling, and interpreting data, performing analysis for risk trends and data discrepancies, and effectively communicating analysis output. Reporting by producing reports based on data analysis, company trends, and risk factors, conveying patterns, problems, and areas of improvement, and enabling insight into potential losses, mitigating identified risks through reporting activities. Supply operational support by supporting business processes through a variety of escalated operational tasks, developing, implementing, and ensuring continuous improvement of procedures, and acting as a resource to management and other associates, including production of documentation, presentations, or other materials to educate on risk policies and procedures. This is a remote role that may be hired in several markets across the United States.
Qualifications:
Bachelor’s degree in Finance, Economics, Statistics, Mathematics or Engineering, or a related field plus five (5) years of experience in the job offered or five (5) years as a Modeling Analyst, Risk Analyst or related occupation. Or Master’s degree in Finance, Economics, Statistics, Mathematics or Engineering, or a related field plus three (3) years of experience in job offered or three (3) years as a Modeling Analyst, Risk Analyst or related occupation.
Requires extensive experience with model development or model validation within the financial industry. Requires extensive understanding of statistical methods, linear regression, logistic regression, and survival analysis. Requires extensive proficiency in ARIMAX and Bayesian Analysis. Requires hands-on coding experience with SQL, Python and R languages. Requires skills to write SQL or Python code to independently replicate data Extract, Transform, Load (ETL) activities pertaining to the model’s data set from source data systems. Requires skills to write Python code to independently replicate the end-to-end model development activities. Requires extensive understanding of financial engineering concepts such as stochastic and differential calculus. This is a remote role that may be hired in several markets across the United States.
The base pay for this position is generally between $132,475 to $152,490 per year. 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
This job posting is expected to remain active for 31 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 may come down early due to business need or a high volume of applicants. #EJC #LI-DNI
Remote
Benefits:
Paid Sick Days, Prescription Drug Coverage, Professional Development, 401K, Flexible Spending Accounts, Retirement / Pension Plans, Life Insurance
About the Company:
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 more
Industry:
Banking
Founded:
1898
Website:
https://www.firstcitizens.com
Apply tot his job
Apply To this Job
This is a remote role that may be hired in several markets across the United States.
Provide complex support and expertise to business units through research, developing, data gathering, and executing risk procedures. Evaluate potential losses while developing high-impact solutions to minimize or eliminate risk. Create improvements to current processes and procedures, and ensure compliance with relevant rules and regulations. May oversee the work of less experienced analysts in the work group or serve as a resource on risk. Identify risk by creating and implementing complex methods of risk evaluation, developing expert strategies or solutions to address evaluation results, monitoring to ensure developed solutions are effective, and by creating models or simulation scenarios to test risk conditions. Perform data analysis by sourcing, compiling, and interpreting data, performing analysis for risk trends and data discrepancies, and effectively communicating analysis output. Reporting by producing reports based on data analysis, company trends, and risk factors, conveying patterns, problems, and areas of improvement, and enabling insight into potential losses, mitigating identified risks through reporting activities. Supply operational support by supporting business processes through a variety of escalated operational tasks, developing, implementing, and ensuring continuous improvement of procedures, and acting as a resource to management and other associates, including production of documentation, presentations, or other materials to educate on risk policies and procedures. This is a remote role that may be hired in several markets across the United States.
Qualifications:
Bachelor’s degree in Finance, Economics, Statistics, Mathematics or Engineering, or a related field plus five (5) years of experience in the job offered or five (5) years as a Modeling Analyst, Risk Analyst or related occupation. Or Master’s degree in Finance, Economics, Statistics, Mathematics or Engineering, or a related field plus three (3) years of experience in job offered or three (3) years as a Modeling Analyst, Risk Analyst or related occupation.
Requires extensive experience with model development or model validation within the financial industry. Requires extensive understanding of statistical methods, linear regression, logistic regression, and survival analysis. Requires extensive proficiency in ARIMAX and Bayesian Analysis. Requires hands-on coding experience with SQL, Python and R languages. Requires skills to write SQL or Python code to independently replicate data Extract, Transform, Load (ETL) activities pertaining to the model’s data set from source data systems. Requires skills to write Python code to independently replicate the end-to-end model development activities. Requires extensive understanding of financial engineering concepts such as stochastic and differential calculus. This is a remote role that may be hired in several markets across the United States.
The base pay for this position is generally between $132,475 to $152,490 per year. 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
This job posting is expected to remain active for 31 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 may come down early due to business need or a high volume of applicants. #EJC #LI-DNI
Remote
Benefits:
Paid Sick Days, Prescription Drug Coverage, Professional Development, 401K, Flexible Spending Accounts, Retirement / Pension Plans, Life Insurance
About the Company:
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 more
Industry:
Banking
Founded:
1898
Website:
https://www.firstcitizens.com
Apply tot his job
Apply To this Job