[Remote] Model Risk Analyst, Non-Model Quantitative Tools (Remote)

Note: The job is a remote job and is open to candidates in USA. First Citizens Bank is a financial institution seeking a Model Risk Analyst for their Model Governance team. This remote role involves assessing and overseeing risks, managing the lifecycle of Non-Model Quantitative Tools, and providing leadership in risk management practices. Responsibilities • You will be a part of FCB’s Model Governance team within the Model Risk Management (MRM) department and will be responsible for leading a variety of activities around the life cycle of Non-Model Quantitative Tools lifecycle. The specific responsibilities will include: • Design and develop improvements to MRM’s processes to improve overall efficiency of Non-Model Quantitative Tool lifecycle activities • Support cross functional initiatives • Collaborate with colleagues, industry peers, and functional teams to continually improve operational and project management capabilities • Manage execution of a broad range of tool lifecycle stages, including: • Identification and risk tiering of Non-Model Quantitative Tools across the Bank • Vendor or new products due diligence and onboarding • Communications between MRM Leadership Team and relevant stakeholders to define applicable monitoring, efficiency metrics, and escalatory processes • Inventory Attestation, Changes, and • Quality Assurance Reviews • Supporting regulatory and audit requests including write ups when necessary • Control design and control testing • Drive MRM tool review working group meetings. Create clear and concise status summaries with action items • Support maintenance of MRM Policy, Standards, Procedures, Templates, and system workflows • Manage and implement changes to model risk management controls including design and execution • Create and maintain internal and Executive Level dashboards and metrics for reporting across project deliverables • Interface with stakeholders outside of MRM including Regulatory Relations, Internal Audit and Project Management Office • Develop training materials and conduct stakeholder training and support • Facilitates communication and builds effective working relationships with key business stakeholders and risk owners • Provide reporting and drive organizational tool identification projects Skills • Bachelor's Degree and 4 years of experience in Risk management, or financial analysis, or statistical modeling OR High School Diploma or GED and 8 years of experience in Risk management, or financial analysis, or statistical modeling • Master's degree or Advanced Degree in Financial Services, Enterprise Risk Management, Operational Risk Management, Compliance, Audit, Finance, or Accounting • Exceptional communication skills, both written and verbal • Experience working at a Large Financial Institution • Expertise in broad range of tool lifecycle stages • Advanced control design and control testing experience Benefits • Variable incentives • Bonuses • Benefits • Other awards Company Overview • First Citizens Bank provides banking services, essential business and professional services, wealth management capabilities, and more. It was founded in 1898, and is headquartered in Raleigh, North Carolina, USA, with a workforce of 10001+ employees. Its website is http://www.firstcitizens.com. Company H1B Sponsorship • First Citizens Bank has a track record of offering H1B sponsorships, with 126 in 2025, 115 in 2024, 249 in 2023, 53 in 2022, 12 in 2021, 9 in 2020. Please note that this does not guarantee sponsorship for this specific role. Apply tot his job Apply To this Job