Risk Analyst II/Risk Analyst III

$105,000 - $140,000/Yr

First Citizens Bank And Trust Company - New York, NY

Full-time - Entry Level

New York, NY

11-50 employees

Credit Intermediation and Related Activities

About the position

The Risk Analyst II / Risk Analyst III position at First Citizens Bank focuses on providing independent oversight of traded markets, analyzing and reporting on the bank's interest rate risk, FX risk, and trading activities. This role is part of the Market Risk Oversight (MRO) team within the Financial Risk Oversight (FRO) group, contributing to the development and improvement of risk identification, analytics, and reporting processes.

Responsibilities

• Provide independent review of the Bank's balance sheet to identify, analyze, monitor, and manage market risk exposures.
• Analyze market risks associated with investment securities such as US Treasuries, Commercial Mortgage-Backed Securities, municipal bonds, and corporates.
• Monitor and support enhancements to Risk Appetite Framework and compliance with limits and thresholds.
• Participate in formulation of remediation/implementation regarding regulatory matters and collaborate with internal auditors.
• Participate in various risk governance committees and working groups to develop and enhance risk policies.
• Contribute to model risk management practices, including review of model assumptions and back-testing performance of quantitative models.
• Assess internal and external market risks and report MROs perspective to senior management.
• Complete ad-hoc projects and analysis consistent with Market Risk Oversight functions objectives.

Requirements

• Bachelor's Degree and 1 year of relevant experience in Risk Management, Treasury, Asset Liability Management, Capital Markets, Financial Analysis & Planning, Controllers, Capital Planning, Modeling, or Model Validation.
• High School Diploma or GED and 4 years of relevant experience in similar fields.

Nice-to-haves

• Strong critical thinking skills and understanding of traded and banking financial products.
• Conversant with technical financial, policy-based, and non-technical verbal and written communication.
• Ability to work independently and collaboratively with strong time management skills.
• Advanced proficiency with Microsoft Excel and PowerPoint; experience with SQL, VBA, Python, R, or similar tools is a plus.
• Degree in Economics, Engineering, Finance, Mathematics, Statistics, or other quantitative disciplines; advanced degrees are a plus.

Benefits

• Comprehensive benefits program for full-time associates, including customized offerings to support families.