Senior Risk Management Specialist

1 week ago


San Francisco, California, United States First Citizens Bank Full time
Job Summary

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.

The Senior Risk Management Specialist - Credit Risk Stress Testing position reports to the Manager - Risk Analytics and supports the team responsible for executing the Bank's Credit Loss stress testing efforts both wholesale and retail loss forecasting.

Key Responsibilities
  • Strategic Planning: Define and set strategies to lead the planning and execution of the Bank's Credit Risk Stress Testing programs.
  • Process Improvement: Recommend appropriate changes to program policies, procedures, and efficiencies to meet objectives.
  • Program Execution: Lead tactical execution of the Credit Risk Stress Testing including Annual CCAR, midcycle, and ad-hoc runs.
  • Reporting and Documentation: Lead the team in developing comprehensive reporting and analytical documentation of the results.
  • Stakeholder Management: Develop relationships with the credit risk function and leverage those relationships to maintain an effective review and challenge process with all relevant stakeholders.
  • Leadership and Management: Provide SME guidance to the Credit Risk Stress Testing team on regulatory expectations and manage the performance, training, and evaluation of assigned staff.
Requirements
  • Education: Bachelor's Degree and 4 years of experience in Risk management, or financial analysis, or statistical modeling OR High School Diploma or GED and 8 years of experience in Risk management, or financial analysis, or statistical modeling.
  • Skills: Project Management Skills, Execution oriented, Strong skills in excel/PowerPoint, Strong knowledge of Credit Risk principles which inform credit loss forecasting, Strong communication skills - interpersonal, Organization skills - Detail oriented.
Preferred Qualifications
  • Experience: Direct experience with executing CCAR/DFAST Stress testing - preferably with respect to credit losses, at a $50BN or larger bank.
  • Knowledge: Familiarity with Capital Planning and Stress Testing requirements (Capital Plan Rule, SR1519, SR 12-7, ROPE, SR 11-7, etc.).
  • Software Skills: Experience with statistical/data software packages such as Netezza, SQL, Python, SAS.
  • Forecasting Experience: Direct Experience with Credit Loss Forecasting (Either CCAR, CECL, or FP&A).


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