2 Quantitative Discipline Jobs

Job Description: FC Global Services India LLP (First Citizens India), a part of First Citizens BancShares, Inc., a top 20 U.S. financial institution, is a global capability center (GCC) based in Bengaluru. Our India-based teams benefit from the company's over 125-year legacy of strength and stability. First Citizens India is responsible for delivering value and managing risks for our lines of business. We are particularly proud of our strong, relationship-driven culture and our long-term approach, which are deeply ingrained in our talented workforce. This is evident across all key areas of our operations, including Technology, Enterprise Operations, Finance, Cybersecurity, Risk Management, and Credit Administration. We are seeking talented individuals to join us in our mission of providing solutions fit for our clients" greatest ambitions. Role: Director - Model Risk Management Level: L4 Job Category: Director About The Job: The Model Risk Management (MRM) provides oversight for the MRM Framework, which consists of the policy, processes, and procedures. The Director, Model Risk Management (MRM) will be responsible for supporting the development and enhancement of First Citizens global model risk policy, standards, methodologies, procedures, governance, tuning, and validation activities to strengthen and unify model risk practices across all entities. You will be based out of First Citizens India (FCI) office in Bangalore, report into the Head of Risk Management, India, and function as an integral member of the global MRM organization. The role will dually report into the global Head of MRM and work collaboratively with the global MRM leadership team and act as their point of contact in India. You will be responsible for supporting all aspects of the global MRM program. The successful candidate will lead global MRM efforts to ensure that models are appropriately designed, implemented, and managed, including but not limited to conceptual soundness, model implementation and use, model documentation, model performance monitoring, governance, tuning, and validation. You will be responsible for developing talent capabilities at FCI to provide global support to the MRM organization. This includes but is not limited to hiring, coaching, mentoring, supervision, and other people management responsibilities in a transparent manner and in consultation with key global stakeholders. The role will manage a team of resources with solid MRM experience and skills, partners with global stakeholders to establish effective collaboration and partnership to build and manage talent capabilities. Communicates and collaborates across a broad set of stakeholders and is responsive to changes in the business environment. The Ideal Candidate Will: Functional (80% of Time): - Lead efforts to develop and maintain model governance documentation and performance monitoring, including periodically presenting results to MRM Leadership. - Oversee model risk management across the entire model life cycle - development, validation, implementation, and retirement, ensuring that adequate controls are in place to manage model risk. - Collaborate with internal stakeholders across business units to enhance alignment in implementing MRM policy/standards and promote MRM best practices. - Manage the model inventory and annual attestation process to ensure its completeness and accuracy. Work with key stakeholders to enhance the oversight and control of adherence to the MRM standards. - Assist with ongoing KRI review of model output to identify model drift/breaches and ensure appropriate periodic or event-based tuning, with a focus on both efficiencies and effectiveness. - Manage the model finding inventory while engaging stakeholders to ensure appropriate remediation actions are executed in a timely and effective manner. - Act as a strategic partner for initiatives and changes, including working with business, compliance, or technology partners to understand requirements and provide solutions while ensuring appropriate risk mitigation. - Ensure appropriate documentation in model development, tuning, and appropriate independent validation coverage and documentation of independent review. - Direct and maintain tuning schedules for applicable models, including analyzing outputs, documenting results, and presenting recommended changes along with impact analysis to leadership. - Act as the FCI point-of-contact for responding to MRM and regulatory exam inquiries, including representing global approach and execution, facilitating walkthroughs and requisition of document/data requests, actively engaging in status meetings, and providing updates to MRM leadership. - Build relationships across model owners, data scientists, Model Risk Management, Audit, and third-party vendors. - Use subject matter expertise and analytics to proactively identify and address gaps and identify emerging risks. - Lead remediation efforts for model-related issues identified through exams, audits, and model validations. Leadership and People Management (20% of Time): - Define talent/skill needs and resource requirements, keeping in mind process evolution and emerging technologies. - Provide a clear definition of roles, responsibilities, individual goals, and performance objectives for the team. - Provide regular, constructive feedback to maximize the positive impact of individual team members" talent. - Create and support a collaborative team environment. - Build collaborative and effective partnership with MRM functional leads to ensure seamless support and delivery of services. Decisions: - Routinely makes recommendations that require approval to implement with the occasional decision without approval. - Occasionally makes recommendations that require approval; does not make impactful decisions that do not require approval. Routinely follows defined process. What You'll Bring: - Excellent written and spoken communications skills. - Strategic planning skills supported with analytical skills. - Team management and people management skills. - Planning and execution skills. - Stakeholder management skills, e.g., effective forward-looking planning, communication, and delivery of services. - Able to effectively manage tasks as agreed and delegate work among team members. - Efficient and well-organized workflow and process design skills. - Outstanding attention to detail, accuracy of information. - Ability to effectively collaborate and influence to lead cross-functional teams. Education And Experience: - Relevant Bachelor/Masters degree/PhD, with a preference for specialization in Statistics, Mathematics, or other quantitative discipline. - Microsoft Office (Word, Excel, PowerPoint, and Outlook). - 15+ years of MRM work experience in financial services. - 8+ years of experience in managing people and functions. - Knowledge of statistical and machine learning models. - Experience of managing/leading process improvement initiatives. - Good knowledge in programming skills (Python, SAS, R, etc.). - Strong understanding of model development and validation testing techniques. - Knowledge of financial services/banking domain. Equal Employment Opportunity.,

The Director of Model Risk Management at First Citizens India (FCI) will play a crucial role in overseeing the global Model Risk Management (MRM) Framework. Reporting to the Head of Risk Management, India, the Director will work closely with the global MRM organization to enhance and unify model risk practices. Responsibilities include leading efforts to ensure models are appropriately designed, implemented, and managed throughout the entire model lifecycle. This includes overseeing model governance, performance monitoring, and model risk management controls. The Director will collaborate with internal stakeholders to align in implementing MRM policies and standards, manage the model inventory, and assist with ongoing KRI reviews. In addition to managing a team of resources with MRM experience, the Director will focus on developing talent capabilities at FCI to provide global support to the MRM organization. This involves hiring, coaching, mentoring, and supervising team members in consultation with key global stakeholders. The ideal candidate will have excellent communication skills, strategic planning abilities, and strong leadership qualities. They should possess expertise in statistical and machine learning models, programming skills, and a deep understanding of model development and validation testing techniques. A Bachelor's or Master's degree in a quantitative discipline, along with 15+ years of MRM work experience in financial services and 8+ years of people management experience, is required. The Director of Model Risk Management will actively engage in responding to MRM and regulatory exam inquiries, managing model-related issues, and leading remediation efforts. They will work collaboratively with various stakeholders to identify and address gaps, emerging risks, and process improvements. Additionally, the Director will provide clear definition of roles and responsibilities for the team, offer constructive feedback, and foster a collaborative team environment. Overall, the Director will be a key contributor to promoting a culture of risk excellence and ensuring the robustness of the Model Risk Management framework at First Citizens India.,