Overview

This is a hybrid role (if located in Atlanta, GA or Morristown, NJ) 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 highly qualified candidate.

The Director of Commercial Model Development will provide strategic leadership and oversight for the credit risk model development function, focusing on developing and implementing sophisticated credit risk models for commercial lending portfolios. This role will lead a team of managers and risk analysts while working closely with senior leadership to shape the organization's risk strategy and ensure alignment with business objectives.

• Lead and mentor a team of model development professionals, fostering a culture of innovation and continuous improvement in risk modeling approaches.
• Oversee the development, validation, and implementation of advanced credit risk models across commercial lending products including Commercial Real Estate (CRE).
• Partner with senior leadership to translate complex risk analytics insights into actionable business strategies and policy recommendations.
• Drive the enhancement of risk management frameworks to meet evolving regulatory requirements, including CCAR and CECL compliance.
• Lead the response to model validation findings and oversee the implementation of remediation plans across the modeling and analytics team.
• Establish and maintain relationships with regulatory bodies, external/internal auditors, Model Risk Management and key stakeholders.
• Guide the development and implementation of new risk assessment methodologies and tools to improve the organization's risk management capabilities.
• Lead strategic initiatives to modernize risk analytics infrastructure and capabilities through adoption of advanced technologies and methodologies.

Bachelor's Degree and 8 years of experience in Financial, Statistical or Quantitative Analysis Experience, with at least 4 years of Management/Lead Experience OR High School Diploma or GED and 12 years of experience in Financial, Statistical or Quantitative Analysis Experience, with at least 4 years of Management/Lead Experience

Preferred Education: advance degree, masters/PHD in quantitative field, ie mathmatics, computer science, financial engineering, etc Preferred

Area of Study: Quantitative or Statistical Analysis, Financial Engineering, Mathematics, or Computer Science

Preferred Area of Experience: Banking, Financial Engineering, Computer Science

Preferred Qualifications:

• Master's degree in Statistics, Mathematics, Finance, or related quantitative field .
• At least 15 years of progressive experience in credit risk model development, with at least 10 years in a leadership role.
• Hands on experience using Python, SAS, Tableau.
• Hands on experience in model development and model development documentation.
• Demonstrated experience in leading teams responsible for development and implementation of enterprise-wide risk models.
• Strong understanding of regulatory requirements and experience in interactions with regulatory bodies.
• Expert knowledge of statistical modeling, machine learning techniques, and risk analytics methodologies.
• Proven track record of translating complex analytical insights into business strategy.

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.

First Citizens Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race (including traits historically associated with race, such as hair texture and protective hairstyles), color, religion, national origin, sex, age, disability, protected veteran status, sexual orientation, gender identity, genetic information, military membership, application, or obligation, or any other legally protected status.