Senior Risk Analyst - CECL Allowance Forecasting and Analytics at First Citizens Bank (Raleigh, NC)

| Raleigh-Durham, NC
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Overview

  • The position will be responsible for forecasting and analytics of the Allowance for Loan and Lease Losses (ALLL) under the new CECL allowance methodology. The analyst will be responsible for running the forecasting models and synthesizing the output in multiple ways to support everything from higher level senior management presentations to detailed loan level analytics explaining portfolio credit quality and model performance. The ideal candidate will be a highly motivated, detail-oriented professional who can work well on a team but think independently offering new ideas to the team to generate solutions to complex problems. The position will interact with all areas of the bank from Credit Risk Management, Credit Resolution, Corporate Finance, and other lines of business to fully understand the business and recommend optimal solutions for all stakeholders.

Responsibilities

  • Identifying Risk - Leads the design and implementation of process evaluation methods, and the development of expert solutions to address identified risks. Works closely with management to ensure risk strategies are effective and compliant. May involve creation, evaluation, and execution of models or simulation scenarios to test risk conditions.
  • Data Analysis - Sources, compiles, and interprets data. Performs complex analysis for risk trends and data discrepancies, and may direct the analytics efforts of the work group.
  • Reporting - Produces reports based on data analysis, company trends, and risk factors. Conveys patterns, problems, and areas of improvement. Enables insight into potential losses and mitigation of identified risks through reporting activities.
  • Operational Support - Supports business processes through a variety of escalated operational tasks. Develops, implements, and ensures continuous improvement of procedures. Acts as a resource to management and other associates, including production of documentation, presentations, or other materials to educate on risk policies and procedures. Handles complex technical matters and participates in special projects.

Qualifications

    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

Additional Requirements:

Ability to think independently and generate solutions to complex problems.

Ability to complete tasks with limited supervision.

Working knowledge of CECL and financial forecasting techniques

Demonstrated understanding of databases with the ability to understand and manipulate large amounts of data.

Experience with Base SAS programming or SAS Enterprise Guide.

Experience with vendor business intelligence tools such as COGNOS and Tableau.

Highly proficient with Microsoft Excel.

Strong oral and written communication skills.

Strong organizational skills with the ability to interact with senior leadership across all areas of the bank to professionally deliver clear and concise analysis.

Ability to manage multiple priorities effectively while meeting tight deadlines.

Ability to demonstrate initiative and commitment to achieving results.
More Information on First Citizens Bank
First Citizens Bank operates in the Financial Services industry. The company is located in Raleigh, NC. First Citizens Bank was founded in 1898. It has 6642 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Disability Insurance, Dental Benefits, Vision Benefits, Health Insurance Benefits and Life Insurance. To see all 79 open jobs at First Citizens Bank, click here.
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