First Citizens Bank
Sr. Model Risk Analyst, Financial Crimes & Compliance
First Citizens Bank, Raleigh, North Carolina, United States
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Sr. Model Risk Analyst, Financial Crimes & Compliance
role at
First Citizens Bank
Posted 5 days ago. Be among the first 25 applicants.
Overview This is a remote role that may be hired in several markets across the United States. The Senior Model Risk Management Analyst position is within First Citizens Bank’s Model Risk Management (MRM) team, with a primary focus on conducting validations of the Bank's Financial Crimes and Compliance models, including BSA/AML Transaction Monitoring, Customer Risk Scoring, and OFAC Screening systems. A successful candidate must possess strong knowledge of regulatory requirements and guidance.
Responsibilities
Conduct independent model validations to ensure BSA/AML models align with business objectives and design objectives. Verify that models are performing as expected and identify potential limitations, including assessing potential impact.
Write detailed model validation reports that present the results from executing a thoughtful and thorough validation plan.
Communicate model validation findings to model owners, senior management, and regulatory agencies as required.
Perform annual reviews and review ongoing monitoring reports to ensure that the models are performing as intended.
Interact with all key stakeholders including model users, model owners, vendors, Model Risk Governance, and other validators throughout the model lifecycle.
Suggest enhancements to the existing BSA/AML validation process including validation templates, ongoing monitoring, and automation of repetitive tasks.
Guide junior team members on model validations as needed.
Qualifications Bachelor's Degree and 6 years of experience in OR High School Diploma or GED and 10 years of experience in model risk management.
Preferred Qualifications Advanced degree (master’s or Ph.D.) in a quantitative field (e.g., Data Science, Economics, Finance, Applied Statistics, or a related discipline). 10+ years of experience in model development and implementation or validation within the financial industry. 6+ years of fraud analytics experience with software such as Python, SAS, R.
Experience developing and/or validating Financial Crimes and Compliance models, including BSA/AML Transaction Monitoring, Customer Risk Scoring, and OFAC/Sanctions Screening systems.
Well-versed with various performance metrics and the use cases for each.
Experience maintaining or validating vendor-developed models.
Strong written communication skills as evidenced by clear and comprehensive technical reports.
Strong analytical skills and ability to find patterns in transactional data.
Advanced programming skills in Python, SQL, SAS, or R.
Experience using SQL to pull data from enterprise warehouse databases.
Experience developing and/or validating vendor models and rule-based models.
Exceptional understanding of the banking industry and business lines.
Experience communicating validation standards and technical concepts to key stakeholders.
Thorough understanding of federal guidance related to model risk management.
Job Details Seniority level:
Not Applicable
Employment type:
Full-time
Job function:
Finance and Sales
Industry:
Banking and Financial Services
Salary and Compensation The base pay for this position is generally between $125,000 and $170,000. Actual starting pay will be determined based on skills, experience, location, and other non‑discriminatory factors.
Benefits Benefits are an integral part of total rewards. First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefit program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.
Other Information Job posting will remain active for 45 days from the initial posting date unless extended or closed earlier due to business need or high volume of applications.
Referral increase your chances of interviewing at First Citizens Bank by 2x.
#J-18808-Ljbffr
Sr. Model Risk Analyst, Financial Crimes & Compliance
role at
First Citizens Bank
Posted 5 days ago. Be among the first 25 applicants.
Overview This is a remote role that may be hired in several markets across the United States. The Senior Model Risk Management Analyst position is within First Citizens Bank’s Model Risk Management (MRM) team, with a primary focus on conducting validations of the Bank's Financial Crimes and Compliance models, including BSA/AML Transaction Monitoring, Customer Risk Scoring, and OFAC Screening systems. A successful candidate must possess strong knowledge of regulatory requirements and guidance.
Responsibilities
Conduct independent model validations to ensure BSA/AML models align with business objectives and design objectives. Verify that models are performing as expected and identify potential limitations, including assessing potential impact.
Write detailed model validation reports that present the results from executing a thoughtful and thorough validation plan.
Communicate model validation findings to model owners, senior management, and regulatory agencies as required.
Perform annual reviews and review ongoing monitoring reports to ensure that the models are performing as intended.
Interact with all key stakeholders including model users, model owners, vendors, Model Risk Governance, and other validators throughout the model lifecycle.
Suggest enhancements to the existing BSA/AML validation process including validation templates, ongoing monitoring, and automation of repetitive tasks.
Guide junior team members on model validations as needed.
Qualifications Bachelor's Degree and 6 years of experience in OR High School Diploma or GED and 10 years of experience in model risk management.
Preferred Qualifications Advanced degree (master’s or Ph.D.) in a quantitative field (e.g., Data Science, Economics, Finance, Applied Statistics, or a related discipline). 10+ years of experience in model development and implementation or validation within the financial industry. 6+ years of fraud analytics experience with software such as Python, SAS, R.
Experience developing and/or validating Financial Crimes and Compliance models, including BSA/AML Transaction Monitoring, Customer Risk Scoring, and OFAC/Sanctions Screening systems.
Well-versed with various performance metrics and the use cases for each.
Experience maintaining or validating vendor-developed models.
Strong written communication skills as evidenced by clear and comprehensive technical reports.
Strong analytical skills and ability to find patterns in transactional data.
Advanced programming skills in Python, SQL, SAS, or R.
Experience using SQL to pull data from enterprise warehouse databases.
Experience developing and/or validating vendor models and rule-based models.
Exceptional understanding of the banking industry and business lines.
Experience communicating validation standards and technical concepts to key stakeholders.
Thorough understanding of federal guidance related to model risk management.
Job Details Seniority level:
Not Applicable
Employment type:
Full-time
Job function:
Finance and Sales
Industry:
Banking and Financial Services
Salary and Compensation The base pay for this position is generally between $125,000 and $170,000. Actual starting pay will be determined based on skills, experience, location, and other non‑discriminatory factors.
Benefits Benefits are an integral part of total rewards. First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefit program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.
Other Information Job posting will remain active for 45 days from the initial posting date unless extended or closed earlier due to business need or high volume of applications.
Referral increase your chances of interviewing at First Citizens Bank by 2x.
#J-18808-Ljbffr