Job Details

Senior Financial Analyst - Treasury (Remote)

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Overview

We are in search of a highly skilled and experienced Senior Analyst to join our dynamic team, taking on the critical role of NII (Net Interest Income) forecasting for CCAR (Comprehensive Capital Analysis & Review) capital stress testing. In this pivotal position, you will leverage QRM (Quantitative Risk Management) to implement the quantitative, qualitative, and behavioral models required for CCAR stress testing, demonstrating the bank's capital strength under stress conditions as mandated by regulatory frameworks. As a member of the Balance Sheet Management Capital Stress Testing team, you will contribute significantly to NII forecasts for various CCAR scenarios.

Your primary responsibilities will focus on supporting ongoing NII stress testing forecast activities, particularly through QRM simulations for both internal and regulatory CCAR scenarios, which are integral to our annual CCAR submission. Proficiency in data analysis tools and possessing strong written and visual communication skills are prerequisites, with expertise in data management and visualization tools considered a strong advantage.

Responsibilities

• NII Forecasting: Develop, maintain, and enhance NII forecasting models for capital stress testing scenarios using QRM. Ensure accuracy and compliance with regulatory requirements. Generate NII forecasts based on CCAR macro-economic scenarios, prepare review materials, and present forecast results for governance review and approval.
• Collaboration with the 2nd and 3rd Line of Defense: Work closely with Model Validation and Audit to facilitate the model validation and auditing process. Address validation and audit findings and incorporate industry best practices and regulatory guidelines.
• Sensitivity Analysis: Conduct sensitivity analyses on key assumptions and perform in-depth analyses to understand the limitations and weaknesses of key assumptions' impact on NII forecast outputs.
• Control Implementation: Implement controls on NII forecast outputs. Produce artifacts to document control evidence and ensure the transparency and integrity of CCAR forecast outputs.
• Documentation: Maintain clear and comprehensive documentation of NII forecasting methodologies, assumptions, and model outputs, ensuring transparency and auditability of the forecast process. Strong written communication skills are essential.
• Regulatory Compliance: Stay current with regulatory changes related to capital stress testing and ensure NII forecasting processes adhere to evolving regulatory requirements.

Qualifications

Bachelor's Degree and 6 years of experience in Finance or Analytics OR High School Diploma or GED and 10 years of experience in Finance or Analytics

Other Preferred Qualifications

• 2+ years of experience with QRM or other ALM software.
• 2+ years of functional experience in asset/liability management (ALM) or liquidity stress testing (ILST) or capital stress testing (CCAR)
• Proficiency in creating clear and impactful data visualizations using tools such as Tableau or other BI tools is a big plus.
• Excellent organizational and time-management skills. Certifications or knowledge in one or more of the various quantitative toolkits such as SAS, R, SQL or Python is preferred.

Benefits

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

Seniority level

• Not Applicable

Employment type

• Full-time

Job function

• Finance and Sales
• Industries
• Banking and Financial Services

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