Sr. Model Validator

3 weeks ago

Raleigh North Carolina, United States First Citizens Bank Full time
Overview:
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 credit card services.  First Citizens Bank embraces fair lending and responsible banking by providing services and products to the widest possible community.  Fair lending and non-discriminatory business practices are baseline expectations and the decisioning and pricing models used by the Bank must proactively prevent introducing bias into the Bank’s business practices.

Responsibilities:
The Senior Risk Analyst will collaborate with the MRM regulatory compliance model validation manager to conduct independent model validations. The primary objective is (1) to verify that the Fair Lending models align with the specified business objectives and the model’s design objectives, (2) verify that the Fair Lending models are performing as expected, (3) and identify potential limitations, which includes assessing potential disparate impact. 

The SRA be responsible for validating models and providing effective challenges to model owner’s use of those models. The SRA must understand how disparate impact can be introduced at any point in the development, implementation, and maintenance of the models used to qualify customers for loans and services. The SRA must appreciate that a product’s pricing and service terms are integral to fair lending and responsible banking.    

The SRA is responsible for undertaking a thorough evaluation of models used to extend credit and underwrite loans and must be able to provide credible challenges during model validation.

Must be able to aggregate and synthesize data sets to perform statistical reviews for disparate impact across portfolios, products, and models.

The SRA should have the experience and judgment to monitor key performance indicators (KPIs)

Those who are successful in this role are good writers of technical reports. The SRA must write detailed model validation reports that accurately represent the model validations undertaken.

May be asked to help guide junior team members on related model validations.

The SRA will be responsible for keeping abreast of changes and updates to laws and regulations, including, CFPB ‘Reg B’, HMDA, ECOA, Community Reinvestment Act (CRA), Fair Housing Act (FHA), and other laws and regulations as applicable.

 

Qualifications:
Bachelors 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

Preferred Qualifications

Advanced degree (Masters or Ph.D.) in a quantitative field (e.g., Economics; Operations Research; Applied Data/Computer Science; Applied Statistics; or a related quantitative discipline).

Minimum 5+ years of experience developing or validating compliance-oriented models. Development can include selecting, implementing, and actively monitoring vendor compliance fair lending models. 

To be effective as a fair lending model validator, experience developing and/or using models that have been subject to compliance and legal review with respect to fair and responsible lending is essential.

Deep experience building, optimizing, and validating logistic regression models.

Experienced with credit scoring and decision science methods.

Applied experience with fair lending testing and monitoring methodologies including matched pair, redlining analysis, and disparate impact analysis.

Strong analytical skills, with ability to identify bias in the selection of the variables used in a model and the awareness to provide insights that mitigate disparate impact are critical.

Advanced programing skills using software such as SAS, R, Python, SQL, Tableau, Excel VBA.

Advanced SQL programming skills are needed to interrogate complex datasets.

Requires knowledge of mortgage lending operations and consumer products; experience across multiple lending products such as cards, personal loans and mortgage lending is a plus.

Ability to analyze and interpret laws, regulations and policies, including but not limited to the CFPB ‘Reg B’, Fair Housing Act, Community Reinvestment Act, HMDA, and ECOA.

Experience using mortgage fair lending software such as nContracts or RiskExec is a plus.

 

The base pay for this position is relative to your experience but the range is generally $98,000 to $160,000 per year. This position is eligible for variable compensation, which may be in the form of incentive, bonus, or commission pay. First Citizens offers a competitive, comprehensive benefits program which you can review here: . 

  • Model Risk Management Sr Analyst

    7 days ago

    Raleigh, United States Ally Full time

    **General information** **Ref #** 17133 **Remote?** No **Ally and Your Career** * Ally Financial only succeeds when its people do - and thats more than some clich people put on job postings. We live this stuff! We see our people as, well, people - with interests, families, friends, dreams, and causes that are all important to them. Our focus is on the health...

  • Model Risk Management Sr Analyst Analytical Tool Validation

    3 days ago

    Raleigh, United States Ally Full time

    **General information** **Ref #** 17133 **Remote?** No **Ally and Your Career** * Ally Financial only succeeds when its people do - and thats more than some clich people put on job postings. We live this stuff! We see our people as, well, people - with interests, families, friends, dreams, and causes that are all important to them. Our focus is on the health...

  • Sr. Model Validator, CCAR

    6 days ago

    Raleigh, United States First Citizens Bancshares, Inc. Full time

    This position is within First Citizens Banks 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 C Risk, Remote, Credit, Validation, Accounting, Banking, Regulatory

  • Senior Quantitative Associate

    1 week ago

    Raleigh, United States First Citizens Bank Full time

    Overview This position is a senior level quantitative associate that directly supports the development of balance sheet forecasting models and base pricing models focusing on linear/non-linear FX derivatives and linear/non-linear IRD derivatives. The position sits within Strategic Modeling and Analytics (SMA) team within 1LOD Treasury Department. The SMA...

  • Financial Specialist Sr. Managed Care Contracting

    2 weeks ago

    Raleigh, United States WakeMed Full time

    About 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 . EOE Position Information: The Financial Specialist Sr....

  • Validation Engineer

    7 days ago

    Raleigh, United States Barry-Wehmiller Companies Inc Full time

    About Us: Design Group operates from more than 45 offices in the United States and India, providing engineering, consulting and technical services for the world's leading companies in the food and beverage, life sciences, advanced technology, industrial and other market sectors. Our nearly 1,500 technical and engineering experts have direct industry...

  • Validation Engineer

    1 week ago

    Raleigh, United States Barry-Wehmiller Companies Inc Full time

    About Us: Design Group operates from more than 45 offices in the United States and India, providing engineering, consulting and technical services for the world's leading companies in the food and beverage, life sciences, advanced technology, industrial and other market sectors. Our nearly 1,500 technical and engineering experts have direct industry...

  • Sr. Product Manager

    13 hours ago

    Raleigh, United States Lucid Full time

    Lucid Software is the leader in visual collaboration, helping teams see and build the future from idea to reality. Our products, business, and workplace culture have received numerous awards, such as being named to the Forbes Cloud 100 and a Fortune Best Workplace in Technology. Lucid is a hybrid workplace, allowing employees to work remotely, from one of...

  • Sr. Business Analyst

    7 days ago

    Raleigh, United States Apex Systems Full time

    Apex Systems, a World-Class Technology Solutions Provider, is seeking applicants for the below position on behalf of our client. Please apply if interested and qualified. Please note that only qualified candidates will be contacted and this position is not eligible for Corp to Corp OR 1099.**NOT ABLE TO OFFER Corp to Corp or 1099**Position: Sr. Business...

  • Sr Hyperion Essbase Planning consultant

    4 days ago

    Carolina, United States Adbakx Full time

    Job DescriptionJob DescriptionHi,.I hope you are doing great today..Our client is looking to procure qualified candidates for the Sr Hyperion Essbase Planning consultant. Enclosed below is the Job Description for your reference. Kindly forward the resumes of qualified candidates in Word format, Contact details, Submission process format and Skill Matrix for...

  • Sr Hyperion Essbase Planning consultant

    3 days ago

    Carolina, United States Adbakx Full time

    Job DescriptionJob DescriptionHi,.I hope you are doing great today..Our client is looking to procure qualified candidates for the Sr Hyperion Essbase Planning consultant. Enclosed below is the Job Description for your reference. Kindly forward the resumes of qualified candidates in Word format, Contact details, Submission process format and Skill Matrix for...

  • Sr. Software Quality Control Engineer

    7 days ago

    Raleigh, United States JSM Consulting Full time

    Position Sr. Software Quality Control Engineer Location Raleigh North Carolina***Candidates are working remotely until all staff return to site. ***The candidate will need to come onsite the first day to pick up equipment. ***Candidate must be able to attend a webcam interview and live locallyJob Duties Agile Methodology experience - Highly desired...

  • Sr. Reliability Engineer I

    7 days ago

    Raleigh, United States Biogen Full time

    The Sr. Reliability Engineer I applies Reliability Engineering methodologies to optimize design requirements and performance of critical assets across the site. Originates and develops analysis methods for determining reliability of components, equipment and processes. Acquires data and analyzes the data. Prepares and communicates information to define...

  • Sr. Electrical Engineer

    1 month ago

    Raleigh, United States Scope Technical Full time

    Scope 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. Software Quality Control Engineer

    7 days ago

    Raleigh, North Carolina, United States JSM Consulting Full time

    Position Sr. Software Quality Control Engineer Location Raleigh North CarolinaCandidates are working remotely until all staff return to site. The candidate will need to come onsite the first day to pick up equipment. ***Candidate must be able to attend a webcam interview and live locallyJob Duties Agile Methodology experience Highly desired 4Years...

  • Systems Engineer, Sr

    1 week ago

    Raleigh, United States Curtiss-Wright Full time

    We are looking for a Sr. System Engineer to join our Shelby team! As our Sr. System Engineer you will develop mechanical and electro-mechanical actuation design solutions for aerospace and defense related flight control and utility actuation applications. You will perform control system design, select system component elements and perform system simulation...

  • Sr. Product Manager, Internal Systems

    6 days ago

    Raleigh, United States Lucid Software Full time

    Lucid Software is the leader in visual collaboration, helping teams see and build the future from idea to reality. Our products, business, and workplace culture have received numerous awards, such as being named to the Forbes Cloud 100 and a Fortune Best Workplace in Technology. Lucid is a hybrid workplace, allowing employees to work remotely, from one of...

  • Senior Validation Engineer

    7 days ago

    Raleigh, United States GRAIL, Inc. Full time

    GRAIL is a healthcare company whose mission is to detect cancer early, when it can be cured. GRAIL is focused on alleviating the global burden of cancer by developing pioneering technology to detect and identify multiple deadly cancer types early. The company is using the power of next-generation sequencing, population-scale clinical studies, and...

  • Sr. Cloud Security Engineer

    2 weeks ago

    Raleigh, United States Ventures Unlimited Full time

    Job Title: Sr. Cloud Security EngineerLocation: Raleigh, NC onsite from day one Type: Full Time Position Job Description: Experience required: 8+ years Technical / Functional Skills:Build automation to actively audit the infrastructure for security misconfigurations by using cloud-native policies/scripts using cloud services like Azure policy, AWS...

  • Sr. Business Analyst

    3 days ago

    Raleigh, United States Apex Systems Full time

    Apex Systems, a World-Class Technology Solutions Provider, is seeking applicants for the below position on behalf of our client. Please apply if interested and qualified. Please note that only qualified candidates will be contacted and this position is not eligible for Corp to Corp OR 1099. **NOT ABLE TO OFFER Corp to Corp or 1099** Position: Sr. Business...