Quantitative Analyst II-Internal Audit

This is a hybrid role (if located in Morrristown, NJ, Charlotte, NC and Raleigh, NC) with the expectation that time working will regularly take place inside and outside of a company office. Three days a week in office. Open to remote in several markets for a highly qualified candidate.

This Quantitative Analyst II position within the Bank's Internal Audit department will engage in the review & development of risk models & tools used to report on and manage the financial metrics, balance sheet and risk of the company. Responsible for data analysis and research including back testing of models and strategies using historical data.

• Business process review and analysis - Responsibilities include: (1) analyzing model-related business processes to identify relevant risks and controls; (2) developing testing strategies.
• Model technical review - Responsibilities include: (1) conducting review and critical analysis of model related documentation, including model development and validation reports; (2) performing exploratory data analyses to test hypotheses; (3) replicating developmental evidence; (4) formulating supporting rationale to inform audit opinion.
• Client inquiries - Responsibilities include: (1) preparing questionnaires, conducting interviews, documenting and evaluating client responses.
• Report writing - Responsibilities include: (1) drafting detailed workpapers to document completed testing, (2) formulating audit findings; (3) documenting testing outcomes in the official system of records.
• Business Support - Engage, troubleshoot and escalate work deliverables for assigned systems, products, or business units.
• Process Improvement & Peer Leadership - Identifies potential improvements to current procedures, plans, and controls to achieve business objectives and regulatory requirements.

Bachelor's Degree and 4 years of experience in financial, statistical, or quantitative analysis experience OR High School Diploma or GED and 8 years of experience in financial, statistical, or quantitative analysis experience

License or Certification Type: null null

Preferred skills:

• Advanced Degree (Master's or PhD) and 3 years of experience in financial, statistical, or quantitative analysis
• Experience in model development, model validation or model audit, especially in the area of credit risk modeling and stress-testing.
• General understanding of financial markets, products, associated risks and risk management practices.
• Familiarity with basic concepts in economics, finance and accounting.
• Firm grasp of statistical data analysis, relevant academic coursework.
• Familiarity with regulatory requirements in the banking industry, including guidance on model risk management , guidance on stress-testing and supervisory expectations with respect to capital planning.
• Familiarity with audit methodology, processes, terminology.
• High level of proficiency in MS Office software suite.
• Basic knowledge of or keen interest in developing proficiency in SQL and Python.

If hired in New Jersey, the base pay for this position is generally between $126,000 and $218,400 . 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.