Risk Analyst III-Risk Analytics (Retail Execution)

First Citizens Bank

3d • Remote

About The Position

This is a remote role that may only be hired in: AL
The role supports the execution of ACL (Allowance for Credit Losses) processes for retail credit products in compliance with CECL (Current Expected Credit Loss) standards.
The Risk Analyst will assist in ensuring accurate reserve estimations, regulatory reporting, and CECL-compliant forecasting. This role requires a strong foundation in finance, risk analytics, and data analysis to support internal reporting, enhance insights, and contribute to ongoing model and process improvements. This role is ideal for someone who is highly detail-oriented, technically proficient, and able to connect complex models with operational implementation—essentially the “last mile” person between models, data, and actionable outputs.

Requirements

• Bachelor's Degree and 2 years of experience in Risk Analytics or Analytics OR High School Diploma or GED and 6 years of experience in Risk Analytics or Analytics

Nice To Haves

• Experience with retail credit products (e.g., credit cards, auto loans, mortgages)
• Familiarity with ACL automation tools and data infrastructure
• Proficiency in data visualization tools (e.g., tableau, Power BI)
• Proficiency in analytical programming languages (e.g., SQL, Python, SAS)
• Strong project management skills to drive initiatives related to process improvement and regulatory compliance

Responsibilities

• ACL Execution & Analysis: Contribute to the execution of ACL processes across retail portfolios (e.g., credit cards, auto loans, mortgages and HELOC). Assist in producing monthly and quarterly reserve estimates in compliance with CECL and GAAP. Maintain execution schedules, ensure timely model runs, and escalate delays or anomalies.
• Controls & Compliance Support Maintain documentation of ACL execution processes for audit and regulatory reviews. Perform periodic control checks (e.g., manual overrides, exception handling). Support audit and risk reviews by preparing traceable execution artifacts and documentation. controls & Compliance Support
• Reporting & Analytics: Oversee the preparation of ACL reporting packages for senior management, Finance, Risk, and regulatory stakeholders. Provide insights into key drivers of reserve changes, portfolio performance and macroeconomic impacts. Develop dashboards and analytics tools to enhance ACL visibility and facilitate data-driven decision-making. Support stress testing, scenario analysis, and capital planning efforts by integrating ACL insights into broader risk management frameworks.
• Cross-Functional Collaboration: Liaise with model developers, finance teams, and risk officers to clarify inputs, interpret outputs, and align results with expectations. Support the preparation of execution decks, walkthroughs, and summaries for management. Communicate variances or anomalies clearly and propose data- or logic-related resolutions.
• Process Improvement: Identify inefficiencies or bottlenecks in the execution workflow and suggest improvements. Participate in cross-functional working groups to standardize ACL practices. Document and maintain process maps and SOPs for ACL execution tasks.

Benefits

• Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees