Sr Data Scientist

Citizens•Boston, MA

1d•$124,000 - $165,000•Hybrid

About The Position

CFG is a leading financial institution dedicated to providing innovative solutions to manage financial risks and optimize asset and liability portfolios. The Central Model Development team within the Asset Liability Management group is responsible for developing and maintaining models that support strategic decision-making. This role develops, implements, and maintains ALM and CCAR/PPNR models. The position also provides guidance to functional leaders on model impacts and partners with Model Risk Management, Market Risk, and Internal Audit to support model governance and regulatory requirements.

Requirements

Experience applying statistical analysis in Treasury modeling, risk management, forecasting, or pricing within a bank or consulting firm
Proficiency in Python, R, or similar analytical programming languages
Strong analytical and quantitative modeling skills
Experience developing and maintaining financial or risk models
Strong communication skills with the ability to translate complex analysis into business insights

Nice To Haves

Experience with prepayment models such as BlackRock, Black Knight, QRM, or ADCO
Experience with deposit models such as QRM or Novantas
Exposure to balance sheet management systems such as QRM, BancWare, or Empyrean
Familiarity with financial and economic data sources such as FRED, Bloomberg, or Economy.com
Progress toward Chartered Financial Analyst designation

Responsibilities

Develop and maintain models supporting balance sheet forecasting for the Asset Liability Management group
Build customer behavior models for attrition, origination, and prepayment across deposit and loan products
Develop predictive models for market rates and macroeconomic variables related to ALM and CCAR
Partner with data science teams under leadership guidance to deliver model solutions
Create and maintain model documentation to support validation and governance processes
Collaborate with Model Risk Management, Model Validation, and Market Risk for periodic model reviews
Monitor model performance and recommend enhancements including overlays, recalibration, or redevelopment
Perform sensitivity testing, back testing, and fundamental driver analysis
Demonstrate understanding of related models including interest rate and term structure models
Propose improvements to loan and deposit modeling and challenge existing assumptions
Support development of forward-looking macroeconomic and interest rate views in partnership with Treasury
Provide analytical support for balance sheet and liquidity strategy decisions
Support initiatives including Balance Sheet Optimization, Funds Transfer Pricing, Mortgage Servicing Rights, CCAR, and DFAST
Prepare materials for Asset Liability Committee and senior management