Manager Model Validation

This is a remote role that may be hired in several markets across the United States.

This position manages and executes validation activities associated with risk models. Leads a team of associates in evaluating the conceptual soundness of models to determine their limitations and suitability of use. Establishes the scope and necessary testing of validations, providing guidance to associates as necessary on complex issues. Consults with model owners to resolve questions or deficiencies. Responsible for validation scripts and related documentation. Works closely with business partners on stakeholder reporting, the remediation of findings, and other aspects of model validation that support risk management objectives.

• Validation Oversight - Oversees associates and processes related to model validations, including independent testing and model inventory updates. Manages the assessment of model design and suitability of use. Provides expert, hands-on support to validation activities, resolving complex issues and process inefficiencies. Maintains scripts and other critical documentation.
• Managerial Functions - Establishes and monitors expectations to achieve company and department goals. Makes appropriate changes to team policies, procedures, and efficiencies in order to meet objectives. Manages the performance, training, and evaluation of assigned staff. Maximizes department achievements by providing professional development.
• Reporting - Oversees validation reports to ensure the accuracy and completeness of included information. Facilitates stakeholder, auditor, and examiner reporting.
• Collaboration - Develops productive partnerships between business units and teams involved in model risk management activities. Coordinates interactions with model owners during the course of validation. Supports cross-functional business initiatives and risk management needs.

Bachelor's Degree and 6 years of experience in Quantitative analysis in a financial institution and regression methodologies, loss forecasting or regulatory capital estimation OR High School Diploma or GED and 10 years of experience in Quantitative analysis in a financial institution and regression methodologies, loss forecasting or regulatory capital estimation

Preferred Education: Advanced DegreePreferred Area of Study: Economics, Quantitative Finance, Statistics, or related quantitative disciplineLicense or Certification Type: null nullSkill(s): Knowledge of regression methodologies, loss forecasting, or regulatory capital estimation, Familiarity with relational databases and SQL, Knowledge of SAS, R, or other programming language

This job posting is expected to remain active for 45 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.

If hired in NC, SC or PA, the base pay for this position is generally between $130,000.00 and $170,000.00. If hired in CA, NJ or NY, the base pay for this position is generally between $140,000.00 and $185,000.00. 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.