Director- Consumer Model Development

Company: First Citizens
Location: Charlotte
Posted on: March 22, 2025

Job Description:

OverviewThis is a hybrid role (if located in Atlanta, GA, Charlotte, NC and Raleigh, NC) with the expectation that time working will regularly take place inside and outside of a company office. Three days a week in office. Open to remote in several markets for highly qualified candidates.The Director of Consumer Model Development will provide strategic leadership and oversight for the credit risk model development function, focusing on developing and implementing sophisticated credit risk models for consumer lending portfolios. This role will lead a team of managers and risk analysts while working closely with senior leadership to shape the organization's risk strategy and ensure alignment with business objectives.Responsibilities

• Lead and mentor a team of model development professionals, fostering a culture of innovation and continuous improvement in risk modeling approaches.
• Oversee the development, validation, and implementation of advanced credit risk models across all consumer lending products including Mortgages, HELOCs, Credit Cards, and Auto Loans.
• Partner with senior leadership to translate complex risk analytics insights into actionable business strategies and policy recommendations.
• Drive the enhancement of risk management frameworks to meet evolving regulatory requirements, including CCAR and CECL compliance.
• Lead the response to model validation findings and oversee the implementation of remediation plans across the modeling and analytics team.
• Establish and maintain relationships with regulatory bodies, external/internal auditors, model Risk Management and key stakeholders.
• Guide the development and implementation of new risk assessment methodologies and tools to improve the organization's risk management capabilities.
• Lead strategic initiatives to modernize risk analytics infrastructure and capabilities through adoption of advanced technologies and methodologies.QualificationsBachelor's Degree and 8 years of experience in Financial, Statistical or Quantitative Analysis Experience, with at least 4 years of Management/Lead Experience OR High School Diploma or GED and 12 years of experience in Financial, Statistical or Quantitative Analysis Experience, with at least 4 years of Management/Lead Experience.Preferred Education: Advanced degree, master's/PhD in quantitative field, e.g., mathematics, computer science, financial engineering, etc.Preferred Area of Study: Quantitative or Statistical Analysis, Financial Engineering, Mathematics, or Computer Science.Preferred Area of Experience: Banking, Financial Engineering, Computer Science.Preferred Qualifications:
  • Master's degree in Statistics, Mathematics, Finance, or related quantitative field.
  • At least 15 years of progressive experience in credit risk model development, with at least 10 years in a leadership role.
  • Hands-on experience with Python, SAS, Tableau, PowerBI.
  • Demonstrated experience in leading teams responsible for development and implementation of enterprise-wide risk models.
  • Strong understanding of regulatory requirements and experience in interactions with regulatory bodies.
  • Expert knowledge of statistical modeling, machine learning techniques, and risk analytics methodologies.
  • Proven track record of translating complex analytical insights into business strategy.
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Keywords: First Citizens, Charlotte , Director- Consumer Model Development, Executive , Charlotte, North Carolina