Director of Consumer Model Development

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.

Responsible for leading a team of quantitative professionals in the development, testing, and/or validation of quantitative models used for business decisions and policies. Manages the robust and comprehensive model review testing and analysis in accordance with all applicable review procedures and lifecycle standards. Oversees development of new model frameworks by supporting the line of business. Refines, monitors, and validates existing models. Conducts on-going communication with model owners and model developers during the course of the review. Works with large data to create models.

• Model Development and Strategic Execution - Collaborates with leadership on setting strategic priorities and supports the identification of quantitative modeling project opportunities. Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation.
• Strategic Leadership - Responsible for managing quant professionals in delivery of models and tools. Guides business strategy and acts as resource to executive leaders and senior managers across the organization.
• Managerial Functions - Determines appropriate staffing for assigned areas based on the size, scope, risks, and regulatory environment. Fosters team to develop professionally and in line with strategic business needs. establishes and monitors expectations to achieve company and department goals. Makes appropriate changes to department policies, procedures, and efficiencies in order to meet objectives. Manages the performance, training, and evaluation of assigned staff. Maximizes department achievements by providing guidance and professional development Maintain a high degree of accountability and courage to drive results.
• Relationship Management - Maintain a strong, communicative relationship with key internal and external stakeholders. Coordinates with associates, business units, and other key stakeholders to ensure the success of Treasury initiatives and prudent balance sheet management.

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

License or Certification Type: null null

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.