Senior Business Risk & Controls Program Manager - Model Risk (Remote)

This is a remote role that may be hired in several markets across the United States.

The Senior Risk Program Manager for Model Risk position is within First Citizens Bank's Enterprise, Technology and Operations (ET&O) team, with a primary focus on governing the validations of the ET&O fraud models. Our model inventory encompasses a diverse range of models, including both machine learning and rules-based systems. To provide effective governance, subject matter expertise is essential. A successful candidate must possess strong knowledge of Model Risk and validation of various model types.

• Govern the Model lifecycle, including but not limited to Model Identification and Determination, New Model Initiation, Model Development and Testing, Model Documentation, Model Validation, Model Implementation, Model Overlays and Overrides, and Model Performance Monitoring.
• Support Business Line adherence to Model Risk Management Policy, Standards and expectations of model developer, owners, or users.
• Support model risk management related activities through reviews, approval, reporting, or liaise with the Business Risks and Controls Advisory Teams and Model Owners to ensure validation findings and other model notifications are actioned in a timely manner.
• Support the development and implementation of business unit level procedures and controls.
• Support model risk management related activities through reviews, approval, reporting, or serve as an escalation mechanism.
• Interact with all key stakeholders including model users, model owners, vendors, Model Risk Governance, and other Validators throughout the model lifecycle including validation, ongoing performance evaluation.

Bachelor's Degree and 6 years of experience in Risk management, or financial analysis, or statistical modeling

OR

High School Diploma or GED and 10 years of experience in Risk management, or financial analysis, or statistical modeling

Preferred Qualifications:

• Minimum 8+ years of experience in model development and implementation or model validation within the financial industry. Minimum 6+ years of fraud analytics experience with software (such as Python, SAS).
• Experience developing or tuning fraud models (including card transaction models, wire transactions, check processing, account opening, customer verification, etc.)

• Experience maintaining or tuning vendor developed models.
• Experience developing and/or tuning AI/ML models and rule-based models.
• Exceptional understanding of the banking industry and business lines.
• Experience communicating quantitative aspects of models and technical concepts into non-technical language to key stakeholders.
• Good understanding of federal guidance related to model risk management (SR 11-7).

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 North Carolina, the base pay for this position is generally between $125217 and $19200. 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.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

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