Job Description
Note:
The job is a remote job and is open to candidates in USA. First Citizens Bank is seeking a
Senior Model Risk Management Analyst to join their Model Risk Management team. This role focuses on conducting validations of the Bank's Financial Crimes and Compliance models, requiring strong knowledge of regulatory requirements and the ability to provide effective challenge. Responsibilities • Conduct independent model validations to ensure BSA/AML models align with business objectives and design objectives.
Verify that models are performing as expected. Identify potential limitations, which includes assessing potential impact • Write detailed model validation reports that present the results from executing a thoughtful and thorough model 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 including model development, validation and ongoing performance evaluation • Suggest enhancements to the existing BSA/AML validation process including Validation templates, ongoing monitoring of models, automation of repetitive tasks • You may be asked to help guide junior team members on model validations Skills • Bachelor's Degree and 6 years of experience in OR High School Diploma or GED and 10 years of experience in model risk management • Advanced degree (master's or Ph.D.) in a quantitative field (e.g., Data Science, Economics, Finance, Applied Statistics, or a related quantitative discipline) • 10+ years of experience in model development and implementation or model 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 (but not limited to) 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 Company Overview • First Citizens Bank provides banking services, essential business and professional services, wealth management capabilities, and more.
It was founded in 1898, and is headquartered in Raleigh, North Carolina, USA, with a workforce of 10001+ employees. Its website is Company H1B Sponsorship • First Citizens Bank has a track record of offering H1B sponsorships, with 102 in 2025, 115 in 2024, 249 in 2023, 53 in 2022, 12 in 2021, 9 in 2020. Please note that this does not guarantee sponsorship for this specific role. Apply tot his job