Senior Quantitative Associate - Strategic Modeling and Analytics (Hybrid)

First Citizens Bank - Morrisville, NC

Full-time - Senior

Hybrid - Morrisville, NC

Credit Intermediation and Related Activities

About the position

This is a senior-level quantitative associate role focused on developing and maintaining balance sheet forecasting models, specifically for loan forecasting. The position involves designing pre-provision net revenue (PPNR) models for bank stress testing and business forecasting processes, ensuring strong governance and compliance with regulatory standards. The role is hybrid, requiring both in-office and remote work, and is expected to grow in responsibility over time.

Responsibilities

• Applies sophisticated analytics to assess future risk, opportunities, and effectiveness, translating results into meaningful solutions.
• Engages in model validation and produces model validation reports.
• Builds and owns new and existing loan forecasting models covering total balance, commitment, unfunded, funded, attrition/runoff, and prepayment model components.
• Aligns model segmentation to business expectations and credit loss forecast team.
• Updates Internal Procedures and Guidelines documents to ensure stress testing processes are current and aligned with FCB MRM policy and regulatory standards.
• Maintains updated process flows and operational/governance controls.
• Collaborates with business and CCAR stakeholders regarding current and proposed PPNR models, validating data and analyzing consolidated results for regulatory submissions.
• Develops robust qualitative and quantitative models for improving CCAR stress testing results and capital decision-making.
• Supports treasury ALM on interest rate risk management by building BAU models.
• Enhances analytics to support business growth understanding.

Requirements

• Bachelor's Degree and 6 years of experience in Finance or Analytics, or High School Diploma/GED and 10 years of experience in Finance or Analytics.
• 5+ years of relevant business/academic experience in quantitative modeling and model development, implementation, or validation.
• 3+ years of related experience in a Commercial Bank, including quantitative modeling, behavioral modeling, and database development.
• Knowledge of statistical modeling techniques such as forecasting, linear/logistic regression, time series, and GARCH models.
• Ability to program in statistical/mathematical programs such as SAS, R, Python, or SQL.

Nice-to-haves

• Master's degree in statistics, economics, econometrics, applied mathematics, quantitative finance, or related field.
• CFA certification.
• Prior experience at a CCAR filing institution or Large Financial Institution (LFI).
• Understanding of ALM theory and QRM experience.

Benefits

• Comprehensive benefits program for full-time associates (20+ hours) with customized offerings to support families.