Risk Analyst III

First Citizens Bank•Raleigh, NC

3d•$132,475 - $152,490•Remote

About The Position

This is a remote role that may be hired in several markets across the United States. Provide complex support and expertise to business units through research, developing, data gathering, and executing risk procedures. Evaluate potential losses while developing high-impact solutions to minimize or eliminate risk. Create improvements to current processes and procedures, and ensure compliance with relevant rules and regulations. May oversee the work of less experienced analysts in the work group or serve as a resource on risk. Identify risk by creating and implementing complex methods of risk evaluation, developing expert strategies or solutions to address evaluation results, monitoring to ensure developed solutions are effective, and by creating models or simulation scenarios to test risk conditions. Perform data analysis by sourcing, compiling, and interpreting data, performing analysis for risk trends and data discrepancies, and effectively communicating analysis output. Reporting by producing reports based on data analysis, company trends, and risk factors, conveying patterns, problems, and areas of improvement, and enabling insight into potential losses, mitigating identified risks through reporting activities. Supply operational support by supporting business processes through a variety of escalated operational tasks, developing, implementing, and ensuring continuous improvement of procedures, and acting as a resource to management and other associates, including production of documentation, presentations, or other materials to educate on risk policies and procedures. This is a remote role that may be hired in several markets across the United States.

Requirements

Bachelor’s degree in Finance, Economics, Statistics, Mathematics or Engineering, or a related field plus five (5) years of experience in the job offered or five (5) years as a Modeling Analyst, Risk Analyst or related occupation.
Or Master’s degree in Finance, Economics, Statistics, Mathematics or Engineering, or a related field plus three (3) years of experience in job offered or three (3) years as a Modeling Analyst, Risk Analyst or related occupation.
Requires extensive experience with model development or model validation within the financial industry.
Requires extensive understanding of statistical methods, linear regression, logistic regression, and survival analysis.
Requires extensive proficiency in ARIMAX and Bayesian Analysis.
Requires hands-on coding experience with SQL, Python and R languages.
Requires skills to write SQL or Python code to independently replicate data Extract, Transform, Load (ETL) activities pertaining to the model’s data set from source data systems.
Requires skills to write Python code to independently replicate the end-to-end model development activities.
Requires extensive understanding of financial engineering concepts such as stochastic and differential calculus.

Responsibilities

Researching and developing risk procedures
Gathering data and executing risk procedures
Evaluating potential losses and developing solutions to minimize risk
Creating improvements to current processes and procedures
Ensuring compliance with relevant rules and regulations
Overseeing the work of less experienced analysts
Creating and implementing complex methods of risk evaluation
Developing expert strategies or solutions to address evaluation results
Monitoring to ensure developed solutions are effective
Creating models or simulation scenarios to test risk conditions
Sourcing, compiling, and interpreting data
Performing analysis for risk trends and data discrepancies
Effectively communicating analysis output
Producing reports based on data analysis, company trends, and risk factors
Conveying patterns, problems, and areas of improvement
Enabling insight into potential losses
Mitigating identified risks through reporting activities
Supporting business processes through escalated operational tasks
Developing, implementing, and ensuring continuous improvement of procedures
Acting as a resource to management and other associates
Producing documentation, presentations, or other materials to educate on risk policies and procedures