Sr. Model Risk Analyst, Deposit & Validation; Remote

Sr. Model Risk Analyst, Deposit & Pre-Payment Validation (Remote) – First Citizens Bank

This is a remote role that may be hired in several markets across the United States. This position supports the implementation and execution of Bank-wide model risk management policies and procedures, including model governance and performance monitoring, in conformance with regulatory guidance. Reviews complex models used within the organization, model documentation protocols, development and maintenance of model risk reporting and maintenance of the model inventory.

Assesses model risks and limitations, makes recommendations, follows up and tracks ongoing model risk issues. Provides guidance and mentorship to less experienced credit approval associates within the work group.

• Conduct risk analysis to validate the performance of existing models and lead gap closing projects to include recommended model changes.
• Provide independent review of model validations, effectively assessing the validity of issues raised and methodological approaches for the proper resolution of these issues.
• Report regularly to the Model Risk Manager on the compliance of the model risk management program, including policies and procedures, with respect to its progress, working issues, and challenges.
• Develop and maintain effective partnerships with model analysts, model owners, business-level risk management teams and auditors, internal and external.
• Provide recommendations for the design, development, back testing, implementation and recalibration of models owned by the model development team.
• Assist in the review and validation of model performance and controls, including establishing the model validation scope, assessment of validation results and directing communication with stakeholders.
• Assist in the development and maintenance of the model inventory ensuring the inventory is complete, accurate, and consistent with the intent of the Model Validation Policy.

Bachelor’s Degree and 6 years of experience in risk analytics OR High School Diploma or GED and 10 years of experience in risk analytics.

• Recent experience with hands‑on econometric and data coding exercise.
• Hands‑on proficiency with Python, R, and SQL.
• Experience in first line and second line model development and validation activities.
• Master’s (MS/MSc) or Doctoral (PhD) Degree with a quantitative focus such as mathematics, physics, statistics, engineering, or operations research.
• Strong quantitative skills specific to econometric modeling such as time series analysis, panel regression, piece‑wise linear regression, multinomial logistical regression, numerical analysis, and optimization theory.
• Strong coding skills and the ability to independently write Python and SQL queries to independently construct a broad range of model and data exercises.
• Keen familiarity with key aspects of model risk management.
• Strong writing skills and the ability to independently write validation reports and other model risk management communications.
• Strong meeting management skills – the ability to construct a meeting agenda, prepare meeting artifacts such as organizing slides, and the ability to effectively lead a meeting with senior line‑of‑business stakeholders, with an emphasis on clear communication, strong presence, and intellectual command over the meeting’s objectives, order, and desired outcomes.

Base pay generally between $ and $, determined based on skills, experience, location, and other factors. Additional variable incentives, bonuses, benefits, and awards may be included.

First Citizens Bank provides a competitive benefits program. More information can be found at

The posting is expected to remain active for 45 days from the initial posting date listed above.