Wholesale Credit Risk Stress Testing Production Manager- Risk Analytics - Hybrid

$141,522 - $217,000/Yr

First Citizens Bank - Raleigh, NC

Full-time - Manager

Raleigh, NC

Credit Intermediation and Related Activities

About the position

The Manager - Credit Risk Stress Testing Production position is a hybrid role that requires regular work both inside and outside of the company office. This position reports to the Senior Director of Risk Analytics and is responsible for leading a team that executes the Bank's Credit Loss stress testing efforts, particularly focusing on wholesale loss forecasting. The team plays a crucial role in the annual Comprehensive Capital Analysis and Review (CCAR) Stress Testing exercise, as well as additional runs throughout the year. They are also tasked with authoring the credit loss sections of the annual capital plan and maintaining detailed process and procedure documentation that aligns with peer best practices and regulatory expectations. In this role, the Manager will collaborate with leadership to establish and implement best practices within the team, set current and long-term production and execution priorities, and oversee day-to-day execution activities. This includes managing production cycles, conducting between-cycle testing, and performing sensitivity analysis. The Manager will ensure that all activities align with Bank policies established by the 2nd line Capital Risk Oversight function and adhere to applicable regulatory guidance and industry best practices. Additionally, the Manager will work closely with the Credit organization to ensure that results are appropriately reviewed and challenged, with all processes documented. The Manager will also support the Bank's responses to audits, model risk management, and regulatory examinations related to all Credit Risk Stress Testing activities. This includes coordinating with the Senior Director of Risk Analytics and heads of Model Development, Model Implementation, and Capital Planning. In partnership with group leadership, the Manager will define and set strategies for planning and executing the Bank's Credit Risk Stress Testing programs, recommending changes to program policies and procedures to enhance efficiency and meet objectives. The role also involves leading the tactical execution of Credit Risk Stress Testing, including Annual CCAR, mid-cycle, and ad-hoc runs, and developing comprehensive reporting and analytical documentation of the results. Building relationships with the credit risk function is essential to maintain an effective review and challenge process with all relevant stakeholders. The Manager will provide subject matter expert (SME) guidance to the Credit Risk Stress Testing team on regulatory expectations and will manage the performance, training, and evaluation of assigned staff, maximizing departmental achievements through professional development.

Responsibilities

• Lead the team responsible for executing the Bank's Credit Loss stress testing efforts, including wholesale loss forecasting.
• Establish and implement best practices within the team and set production/execution priorities.
• Oversee day-to-day execution activities, including production cycles, between cycle testing, and sensitivity analysis.
• Ensure alignment with Bank policies and adherence to regulatory guidance and industry best practices.
• Collaborate with the Credit organization to ensure appropriate review and challenge of results is completed and documented.
• Support Bank responses to audit, model risk management, and regulatory examinations related to Credit Risk Stress Testing activities.
• Coordinate activities with the Senior Director - Risk Analytics and heads of Model Development, Model Implementation, and Capital Planning.
• Define and set strategies for planning and executing the Bank's Credit Risk Stress Testing programs.
• Recommend changes to program policies, procedures, and efficiencies to meet objectives.
• Lead tactical execution of Credit Risk Stress Testing, including Annual CCAR, mid-cycle, and ad-hoc runs.
• Develop comprehensive reporting and analytical documentation of the results.
• Build relationships with the credit risk function to maintain an effective review and challenge process with stakeholders.
• Provide SME guidance to the Credit Risk Stress Testing team on regulatory expectations.
• Manage the performance, training, and evaluation of assigned staff.

Requirements

• Bachelor's Degree and 8 years of experience in Risk Management or Analytics in the Financial Services industry, including a management role.
• High School Diploma or GED and 12 years of experience in Risk Management or Analytics in the Financial Services industry, including a management role.
• A minimum of 4 years of direct experience with executing CCAR/DFAST Stress testing, preferably related to credit losses, at a $50BN or larger bank.
• Knowledge of financial risk modeling, spreadsheets, and databases.
• Strong understanding of regulatory expectations for Capital Planning and Stress Testing (Capital Plan Rule, SR1519, SR 12-7, ROPE, SR 11-7, etc.).
• Strong knowledge of Credit Risk principles that inform credit loss forecasting.
• Management skills and the ability to prioritize effectively.
• Strong communication skills, both interpersonal and organizational.
• Detail-oriented with strong organizational skills.

Nice-to-haves

• Experience with statistical/data software packages such as Netezza, SQL, Python, SAS.
• Direct experience with Credit Loss Forecasting (either CCAR, CECL, or FP&A).
• Prior experience managing a team.

Benefits

• Comprehensive benefits program designed to support families, including customized offerings for full-time associates (20+ hours).
• Variable incentives, bonuses, and other awards as outlined in the offer of employment.