Lead Analyst - Strategic Modeling and Analytics

Value Proposition

• Play a key role in a global financial modeling team that is pivotal in a top 25 US bank s strategic decision making, capital planning and regulatory compliance.
• An opportunity to build cutting edge analytics and modeling capabilities for the bank by leveraging a blend of technical & quantitative prowess, financial acumen and excellent communication skills.

Job Details

Position Title: Lead Analyst, Strategic Modeling and Analytics

Career Level: P3

Job Type: Hybrid

Job Category: Manager

Job Location: Bengaluru, India

About the Team:

The SMA group is a part of the Corporate Treasury team within First Citizens Bank. This team is responsible for developing, maintaining, and monitoring Pre-Provision Net Revenue (PPNR), Balance Sheet Management (BSM) and other financial models that are consumed for First Citizens Bank s CCAR stress testing as well as internal business/financial planning activities. SMA interacts closely with Finance and Treasury, Business units, Risk, Senior Management, and Model Risk Management (MRM) to ensure models are fit for use.

Impact

SMA team plays a critical role in capital planning for the bank, by developing models that project the balance sheet and net income/expenses in different economic scenarios. These serves regulatory expectations around stress testing (CCAR), as well as enable the bank to take strategic business decisions related to capital distribution, share buyback etc. Balance Sheet Management models aid in EVE calculations which are pivotal in Asset-Liability Management for the bank.

This role entails playing a lead role in the model development team, and hence contributing significantly to develop and enhance sophisticated models based on sound statistical techniques and robust data. It will involve interesting and challenging opportunities to continuously evolve the model suite and processes around model lifecycle as the bank grows rapidly and has heightened regulatory requirements.

Key Deliverables (Duties and Responsibilities)

Model Data, Development & Maintenance:

• Support the Corporate Treasury team through data management, development, enhancement and maintenance of Pre-Provision Net Revenue (PPNR) and Balance Sheet Management models used for Regulatory (CCAR/DFAST) Reporting, Stress Testing, Financial Planning/Analysis etc.
• Manage data extraction, quality, reconciliation and processing at different levels of aggregation in coordination with SMA data/governance and IT teams.
• Analyze large datasets to uncover valuable insights and patterns that can aid in financial decision making and risk management.
• Support key decisions and provide support across all phases of model development including qualitative/quantitative methodology design, exploratory data analysis, variable selection, performance testing and documentation; modeling components include Deposits, Loans, Commitments and Net Interest Revenues/Expenses.
• Set up and perform ongoing monitoring as per specified frequency to ensure model is performing as per standards and perform root cause analysis or remediation as applicable.
• Support model implementation for new or re-developed models including data reconciliation, model execution logic, implementation testing, and documentation.
• Contribute to process enhancements and automation related to model development process, documentation, monitoring and production activities.
• Partner with businesses, Finance and Treasury, Risk, and Model Risk Management to ensure PPNR is contributing to a consistent and controlled approach across the end-to-end CCAR process.

Governance & Controls:

• Engage with Model Risk Management (MRM) team to ensure models are fit for use as per bank policies and standards and resolve model findings/limitations.
• Support review and challenge process for stress test results and business overlays in collaboration with PPNR and business teams.
• Support governance team to establish and execute controls around data quality/reconciliation and model execution process.

Stakeholder management:

• Accountable for effective communication across Business units, MRM, Risk/Finance teams and working groups/committees including toll gate meetings, model review/challenge discussions etc.
• Manage onshore stakeholders including senior modeling leads and collaborate effectively across model development/maintenance activities.

Skills and Qualification (Functional and Technical Skills)

Functional Skills:

• Strong knowledge of US regulatory landscape including CCAR/DFAST regulations and SR 11-7 guidelines.
• Solid understanding of banking/financial products including credit and deposits. Knowledge of commercial banking is a plus.
• Knowledge of Interest Rate Risk (IRR) and related concepts.
• Strong analytical and problem-solving skills.
• Excellent verbal and written communication skills for engagement with senior leadership and stakeholders.
• Efficient and well organized, able to work under tight deadlines.
• Outstanding attention to detail, accuracy, and ability to multitask.

Technical Skills:

• In-depth understanding of statistical analysis and econometric modeling including sampling, segmentation, linear/logistic regression, time series forecasting, stress testing techniques concepts/techniques etc.
• Good understanding of best practices related to data management, quality and processing for modeling purposes.
• Experience working on data extraction, quality controls and processing for modelling purposes using SQL and/or statistical programming languages.
• Experience with at least one statistical programming language such as Python, R or SAS.

Education & Experience:

• Masters/Bachelors degree in a quantitative discipline, such as Statistics, Mathematics, Quantitative Finance or Applied Economics and related fields.
• 5+ years of relevant experience in model development or validation for Risk or PPNR models. Exposure to regulatory modeling/stress testing is preferred.

Accessibility Needs

We are committed to providing an inclusive and accessible hiring process. If you require accommodations at any stage (e.g. application, interviews, onboarding) please let us know, and we will work with you to ensure a seamless experience.