Sr. Model Validator, CCAR
2 weeks ago
Overview
This position is within First Citizens Bank's Model Risk Management (MRM) team, with a primary focus on conducting validations for the bank's CCAR stress testing and capital planning models. Our team encompasses a diverse range of models, including Credit Risk models (PD, LGD, EAD, and loss forecasting), PPNR and ALM models (loan balance, deposit balance, net interest income, non-interest income, and non-interest expense), Moody's Economics models, and operational loss models.
The analyst will collaborate with validation manager to conduct independent model validations for one or more specific areas based on their background and expertise. The primary objective is to verify that models are performing as expected and aligning with their design objectives and business use cases while identifying potential limitations and assumptions and assessing their potential impact.
This role provides an excellent opportunity for the analyst to rotate within the team, gaining a comprehensive and holistic understanding of the CCAR stress testing and capital planning framework.
*This position can work remote from anywhere within the United States.
Responsibilities
- Comprehensive Model Validation: Conduct thorough and comprehensive validations of various model components, ensuring that they are accurate, reliable, and aligned with the intended business objectives and regulatory requirements. This includes but is not limited to:
- Risk Identification and Mitigation: Provide effective challenges and identify potential model risks. Recommend appropriate mitigation measures and enhancements to improve model quality and compliance with regulatory standards.
- Documentation and Reporting: Produce high-quality, comprehensive validation reports that clearly communicate findings, recommendations, and potential risks to both technical and non-technical stakeholders. Ensure that validation documentation adheres to internal standards.
- Audit and Regulatory Review Support: Assist model validation manager in gathering and providing materials requested by internal audit and regulators, drafting responses to questions, and defending validations in exams.
- Continuous Learning and Improvement: Stay up-to-date with emerging trends and best practices in model validation and regulatory requirements. Contribute to the enhancement of the model validation framework by suggesting process improvements and implementing industry-leading methodologies.
Qualifications
Qualifications
Bachelor's Degree and 2 years of experience in Risk Analytics or Analytics
OR
High School Diploma or GED and 6 years of experience in Risk Analytics or Analytics
Preferred Qualifications:
- Advanced degree (Master's or Ph.D.) in a quantitative field (e.g., Mathematics, Statistics, Finance, Economics, Physics, Engineering, or a related discipline).
- 5+ years of experience in model development, model validation, or model implementation within the financial industry; Proficiency in statistical methods (e.g., linear regression, logistic regression, survival analysis, ARIMA) and programming languages (e.g., SAS, Python, R, SQL)
- Strong understanding of regulatory requirements, particularly those related to stress testing and capital planning: SR 11-7/ FIL-22-2017, SR 15-19, CCAR.
- Excellent problem-solving skills, attention to detail, mentor and coach junior analysts
- Excellent written and verbal communication skills.
-
Sr. Model Validator, CCAR
3 weeks ago
Raleigh, North Carolina, United States First Citizens Bank Full timeOverview: This position is within First Citizens Bank’s Model Risk Management (MRM) team, with a primary focus on conducting validations for the bank's CCAR stress testing and capital planning models. Our team encompasses a diverse range of models, including Credit Risk models (PD, LGD, EAD, and loss forecasting), PPNR and ALM models (loan balance, deposit...
-
Senior Director
1 week ago
Raleigh, North Carolina, United States First Citizens Bank Full timeOverview: The Senior Director / Head of Credit Risk Model Development position reports to the Executive Director of Modeling & Analytics and leads the organization responsible for development of the Bank’s Credit Loss Forecasting and other related Models for both wholesale and retail loss forecasting. This team is responsible for the development of the...
-
Sr. Model Validator
2 days ago
Raleigh, North Carolina, United States First Citizens Bank Full timeOverview: This Senior Risk Analyst model validator position is within First Citizens Bank’s Model Risk Management (MRM) team, with a primary focus on conducting validations of the models that are impacted by fair lending laws and regulations. Fair and responsible banking is always of potential concern when credit is extended via mortgages, loans, and...
-
Raleigh, United States WakeMed Full timeAbout WakeMed:Serving the community since 1961, WakeMed Health & Hospitals is the leading provider of health services in Wake County. With a mission to improve the health and well-being of our community, we are committed to providing outstanding and compassionate care. For more information, visit www.wakemed.org.EOEPosition Information:The Financial...
-
Raleigh, United States WakeMed Full timeJob DescriptionAbout WakeMed:Serving the community since 1961, WakeMed Health & Hospitals is the leading provider of health services in Wake County. With a mission to improve the health and well-being of our community, we are committed to providing outstanding and compassionate care. For more information, visit www.wakemed.org.EOEPosition Information:The...
-
Biopharmaceutical VALIDATION ENGINEER/SPECIALIST
2 weeks ago
Raleigh, United States MMR Consulting Inc Full timePrevious Pharmaceutical/Biotech experience is mandatory for this role. MMR Consulting is an engineering and consulting firm specializing in the pharmaceutical and biotechnology industries. Its services include Engineering, Project Management, and other Consulting services. MMR’s Engineering expertise includes Process, Automation, Facilities engineering....
-
Model Risk Actuary Team Lead
1 week ago
Charlotte, NC, United States Equitable Full timeDescriptionAt Equitable, our power is in our people. We're individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you'll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help...
-
Sr. Electrical Engineer
3 weeks ago
Raleigh, United States Scope Technical Full timeScope Technical is seeking a dynamic Sr. Electrical Engineer for our client in Raleigh, NC. This is a permanent, direct-hire position. Responsibilities Support the company with the design of complex electrical systems. Lead the preparation of 3- and 2-dimensional construction documents using Revit. Prepare documents, calculations, and energy modeling studies...
-
Sr. Engineer, NPI
1 week ago
Raleigh, United States Merz North America Full timeSr. Engineer is a product development R&D, manufacturing, and process development skilled individual that is assigned project work related to manufacturing integration of medical devices from concept to start-up manufacturing. This individual will be involved in all phases of product development as a key contributor representing product development and...
-
INFUSION RN
2 weeks ago
RALEIGH, NC, US Amerita Full timeOur Company:AmeritaOverview:Amerita is a Specialty Infusion company focused on providing complex pharmaceutical products and outstanding clinical service to patients outside of the hospital setting; with exceptional employees that are dedicated to providing the best quality care and service in an ethical, sound, supportive, and customer-focused environment....
-
Sr. Analyst
6 days ago
Raleigh, NC, United States CIT Full timeOverviewAs a Manager of Cybersecurity Risk Reporting, you will be leading the development of narratives around FCB’s cyber risk posture, collaborating with subject matter experts across cybersecurity functions, in order to drive effective risk reporting and decision-making. This critical individual contributor role within the Enterprise Cyber Security...
-
Sr. Python Backend Engineer
2 weeks ago
Other US Location Left Field Labs Full timeLocation: Remote, Anywhere in United States, Canada or LATAM Who We AreWe are an Experience design and trusted creative technology partner to some of the world's most ambitious brands such as Google, Amazon, Meta and Uber. We believe in the power of storytelling, human-centric design, and the intersection of creativity with code to further humanity's...
-
Sr. Electrical Engineer
4 weeks ago
Raleigh, United States WSP Full timeThis Opportunity WSP is currently initiating a search for a full-time Sr. Electrical Engineer for our Jacksonville, FL, Orlando, FL, Miami, FL, Sunrise, FL, Tampa, FL, Atlanta, GA, Charlotte, NC, or Raleigh, NC office. Be involved in projects with our Properties & Buildings Team and be a part of a growing organization that meets our client's objectives and...
-
Data Engineer
1 week ago
Raleigh, United States Georgia IT Inc Full timeTitle :- Sr Data Engineer Position Type :- Onsite Duration :- 1+year contract Rate :- DOE US Citizens, Green Card Only Required Qualifications and Skills Experience with AWS Services, especially, Data Pipeline, Glue, Kinesis, and Redshift Spectrum. experience with Amazon Redshift, and AWS Aurora, working knowledge of S3 data lake environment, AWS...
-
LU Sr. Project Manager
4 weeks ago
Raleigh, United States Focused HR Solutions Full timePosition is mostly remote with 1-2 days per month in-person meetings in Triangle Area Region. Candidate MUST currently be local to the Raleigh area (Triangle Region of NC). Candidate must pick-up work equipment in-person in Raleigh, NC. Candidate must work EST Business Hours. ** Our direct client has an opening for a Sr Project Manager position #...
-
LU - Sr. Project Manager (422)
5 days ago
Raleigh, United States Focused HR Solutions Full timePosition is mostly remote with 1-2 days per month in-person meetings in Triangle Area Region. Candidate MUST currently be local to the Raleigh area (Triangle Region of NC). Candidate must pick-up work equipment in-person in Raleigh, NC. Candidate must work EST Business Hours. Our direct client has an opening for a Sr Project Manager position # 733166....
-
Senior Quality Engineer
6 days ago
Raleigh, United States Seneca Resources Full timePosition: Sr. Quality Engineer Location: Raleigh, NC – remote-first with quarterly team onsite, must driving distance from Raleigh Terms: Contract thru Apr 2025 with potential to extend/convert We are looking for a Sr. Quality Engineer/Software Developer in Test to join a tight-knit team of skilled senior developers and engineers building software for the...
-
Aircraft Tech Sr A&P
3 weeks ago
Savannah, GA - US Gulfstream Aerospace Corporation Full timeAircraft Tech Sr A&P - Retrofit in GAC Savannah Unique Skills: Able to work in fast paced enviroment. A and P required. Able to work 2nd Shift. Education and Experience Requirements High School Diploma or GED required. 4 years Aviation Maintenance experience to include 3 years of experience working on mid/large size aircraft...
-
Aircraft Tech Sr A&P
4 weeks ago
Savannah, GA - US Gulfstream Aerospace Corporation Full timeAircraft Tech Sr A&P - Retrofit in GAC Savannah Unique Skills: This job posting is to support the CAMP Outside Ops team during certification of all current and future programs. Education and Experience Requirements High School Diploma or GED required. 4 years Aviation Maintenance experience to include 3 years of experience working...
-
Aircraft Tech Sr A&P
3 weeks ago
Savannah, GA - US Gulfstream Aerospace Corporation Full timeAircraft Tech Sr A&P - Retrofit in GAC Savannah Unique Skills: Must be willing to work at heights and in tight spaces. Live aircraft experience preferred. Education and Experience Requirements High School Diploma or GED required. 4 years Aviation Maintenance experience to include 3 years of experience working on mid/large size...