Risk Analyst Iii/ Risk Officer I - Market Risk Oversight

The Risk Analyst III / Risk Officer I Market Risk Analyst provides independent oversight of traded markets and analyzes and reports on the bank’s interest rate risk, FX risk, and trading activities. As a member of the Market Risk Oversight (MRO) team, the role sits in the second line risk management function that provide independent subject matter expertise as part of the broader Financial Risk Oversight (FRO) group within First Citizens Bank, a top 20 bank with over $200bn in assets. The role supports the development, execution and continuous improvement of First Citizens’ risk identification, analytics/ modeling, reporting processes and works collaboratively within the FRO which also covers Capital and Liquidity risks, as well as with non-FRO disciplines including: ERM, operational, model, third party, information, regulatory, and compliance.

This position covers the full risk management life cycle to identity, assess, monitor, and manage Market Risk and will involve the development, execution, and reporting of data driven analysis.

Specific functions include:

• • Provide independent review the Bank's balance sheet to ensure that potential Market Risk exposures are identified, analyzed, monitored, and managed, covering:
    • Investment Portfolio
    • Treasury derivative activities
    • Mortgage hedging activities
    • Customer facing FX and Interest Rates
  • Oversight of trading desks including analysis of hedging activities and Volcker Rule compliance for foreign exchange and interest rate derivative products.
  • Analyze Market Risks associated with investment securities such as US Treasuries, Commercial Mortgage-Backed Securities, municipal bonds, and corporates including prepayment, premium amortization, and other regulatory capital features.
  • Monitor and support enhancements to Risk Appetite Framework, compliance with limits and thresholds, update to policies and regulations to ensure emerging risks are identified and to recommend actions to reduce or accept elevated risk exposure.
  • As applicable, participate in formulation of remediation / implementation with respect to the regulatory matters, and work with internal auditor on open issues.
  • Participate in various risk governance committees and working groups and collaborate with business lines to develop, enhance and administer risk policies.
  • Contribute to model risk management practices, including in depth review of model assumptions, design and implementation and back-testing performance of quantitative models.
  • Assess internal and external Market Risks and report MROs perspective to senior management.
  • Complete ad-hoc projects and analysis consistent with the Market Risk Oversight functions objectives.

The base pay for this position is relative to your experience but the range is generally $92,235 to $141,427 per year. First Citizens offers a competitive, comprehensive benefits program which you can review here: https://jobs.firstcitizens.com/benefits.

Bachelor's Degree and 2 years of experience in Risk Analytics or Analytics

OR

High School Diploma or GED and 6 years of experience in Risk Analytics or Analytics

Other preferred qualifications

• Strong critical thinking skills and understanding of and curiosity for traded and banking financial products, including the transaction, operations, accounting, and regulatory reporting functions.
• Fluency with technical financial, policy-based, and non-technical verbal and written communication, as well as the translation into visual representation.
• Ability to work independently / collaboratively; take instruction and take initiative; with strong time management / prioritization skills to handle multiple concurrent tasks with competing deadlines.
• Experience developing executive / summary materials and comfort presenting to senior internal and external stakeholders, e.g., management, and financial regulators.
• Strong work ethic, as well as an ability to absorb and apply new concepts.
• Advanced proficiency with Microsoft Excel and PowerPoint applications; experience with SQL, VBA, Python, R, or similar tools.
• Degree in Economics, Engineering, Finance, Mathematics, Statistics or other quantitative discipline, advanced degrees a plus.