First Citizens Bank
Director Risk Analytics (hybrid)
First Citizens Bank, San Diego, California, United States, 92189
Overview
This is a hybrid role with the expectation that time working will regularly take place inside and outside of any of our company offices located in the US. The Director, Credit Risk Analytics is with the Credit Portfolio Analytics team part of the Credit Administration and Infrastructure Organization of First Citizens Bank (FCB or Bank). The Director of Credit Risk Analytics will lead analytics and reporting initiatives that support the identification, assessment, measurement, and management of credit risk within FCB. They will also provide leadership and guidance to less experienced members of Credit Portfolio Analytics team. The Director's focus will be on developing and enhancing the credit portfolio and concentration risk management program of the Bank and establishing effective portfolio limits aligned with FCB's strategy, risk appetite, and capital and liquidity stress testing. A successful individual in this position will build a strong understanding of credit and risk management at FCB and master management and process improvement skills to support the evolving credit risk management function at FCB. The role will be pivotal in building credit risk processes and solutions for the future and will be very visible, with exposure to various stakeholders, senior management, and regulatory agencies. The Credit Portfolio Analytics team is focused on building and delivering enterprise-wide solutions for credit risk appetite monitoring, credit concentrations and limits management, credit portfolio management, predictive insightful analytics, and the future holistic target operating model through partnership and collaboration across all lines of business at FCB.
Responsibilities
Identifying Risk & Reporting: Work with Business (1st line of defense functions) and Risk (2nd line of defense functions) to enhance FCB's existing concentration risk framework of Bank's loan portfolio to ensure effective concentration management. Design and develop approaches to identify credit risk concentrations across different FCB businesses and cross risk correlations. Work with methodology owners and relevant stakeholders on the interpretations of outcomes from enterprise strategic planning and stress testing and perform concentration risk analytics to understand fundamental risk drivers and capture correlations between portfolios. Coordination:
Collaborate with stakeholders across the organization to further enhance the connectivity of credit Risk Appetite Statement processes with day-to-day business, risk management, and risk governance practices. This will include strengthening existing linkages or establishing new linkages to other practices at the Bank, e.g. strategic planning, stress testing, product management. Analysis: Assist in developing the enterprise risk-based pricing methodology and development of advanced analytics to align pricing with risk and facilitate efficient credit portfolio management. Lead development of credit metrics, predictive analytics, and models and recommending business insights to mitigate risk in the loan portfolio and ensure that loan portfolio risk profile is within the FCB's credit Risk Appetite. Managerial Functions: Provide oversight to associates in the team when required.
Qualifications
Required: Bachelor's Degree and 10 years of experience in Risk Management or Analytics in Financial Services industry and management role OR High School Diploma or GED and 14 years of experience in Risk Management or Analytics in Financial Services industry and management role. Additional Requirements: Thorough understanding of financial institutions credit limits, economic/risk capital, and risk/return pricing frameworks. Excellent oral and written communication skills. Preferred: Establishing concentration framework or limits for commercial loan portfolios. Credit Portfolio Management (CPM) Function (2nd line Commercial Lending) experience. Bachelor's Degree in Finance or Economics or Master's or PhD degree. Broad knowledge of banking industry, laws and regulations. MS Office: Word, Excel, PowerPoint, Visio, and Outlook. Analytical skills - data Advanced Required. Computer skills - software Advanced Required. Communication skills - interpersonal Advanced Required. Business acumen / knowledge Advanced Required. This job posting is expected to remain active for 45 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants. If hired in Raleigh, North Carolina the base pay for this position is generally between $157,100 and $210,000. If hired in New York, New York or California the base pay for this position is generally between $189,000 and $252,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment. First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here:
https://jobs.firstcitizens.com/benefits .
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This is a hybrid role with the expectation that time working will regularly take place inside and outside of any of our company offices located in the US. The Director, Credit Risk Analytics is with the Credit Portfolio Analytics team part of the Credit Administration and Infrastructure Organization of First Citizens Bank (FCB or Bank). The Director of Credit Risk Analytics will lead analytics and reporting initiatives that support the identification, assessment, measurement, and management of credit risk within FCB. They will also provide leadership and guidance to less experienced members of Credit Portfolio Analytics team. The Director's focus will be on developing and enhancing the credit portfolio and concentration risk management program of the Bank and establishing effective portfolio limits aligned with FCB's strategy, risk appetite, and capital and liquidity stress testing. A successful individual in this position will build a strong understanding of credit and risk management at FCB and master management and process improvement skills to support the evolving credit risk management function at FCB. The role will be pivotal in building credit risk processes and solutions for the future and will be very visible, with exposure to various stakeholders, senior management, and regulatory agencies. The Credit Portfolio Analytics team is focused on building and delivering enterprise-wide solutions for credit risk appetite monitoring, credit concentrations and limits management, credit portfolio management, predictive insightful analytics, and the future holistic target operating model through partnership and collaboration across all lines of business at FCB.
Responsibilities
Identifying Risk & Reporting: Work with Business (1st line of defense functions) and Risk (2nd line of defense functions) to enhance FCB's existing concentration risk framework of Bank's loan portfolio to ensure effective concentration management. Design and develop approaches to identify credit risk concentrations across different FCB businesses and cross risk correlations. Work with methodology owners and relevant stakeholders on the interpretations of outcomes from enterprise strategic planning and stress testing and perform concentration risk analytics to understand fundamental risk drivers and capture correlations between portfolios. Coordination:
Collaborate with stakeholders across the organization to further enhance the connectivity of credit Risk Appetite Statement processes with day-to-day business, risk management, and risk governance practices. This will include strengthening existing linkages or establishing new linkages to other practices at the Bank, e.g. strategic planning, stress testing, product management. Analysis: Assist in developing the enterprise risk-based pricing methodology and development of advanced analytics to align pricing with risk and facilitate efficient credit portfolio management. Lead development of credit metrics, predictive analytics, and models and recommending business insights to mitigate risk in the loan portfolio and ensure that loan portfolio risk profile is within the FCB's credit Risk Appetite. Managerial Functions: Provide oversight to associates in the team when required.
Qualifications
Required: Bachelor's Degree and 10 years of experience in Risk Management or Analytics in Financial Services industry and management role OR High School Diploma or GED and 14 years of experience in Risk Management or Analytics in Financial Services industry and management role. Additional Requirements: Thorough understanding of financial institutions credit limits, economic/risk capital, and risk/return pricing frameworks. Excellent oral and written communication skills. Preferred: Establishing concentration framework or limits for commercial loan portfolios. Credit Portfolio Management (CPM) Function (2nd line Commercial Lending) experience. Bachelor's Degree in Finance or Economics or Master's or PhD degree. Broad knowledge of banking industry, laws and regulations. MS Office: Word, Excel, PowerPoint, Visio, and Outlook. Analytical skills - data Advanced Required. Computer skills - software Advanced Required. Communication skills - interpersonal Advanced Required. Business acumen / knowledge Advanced Required. This job posting is expected to remain active for 45 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants. If hired in Raleigh, North Carolina the base pay for this position is generally between $157,100 and $210,000. If hired in New York, New York or California the base pay for this position is generally between $189,000 and $252,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment. First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here:
https://jobs.firstcitizens.com/benefits .
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