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

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• 29049
• 4300 Six Forks Road
• Raleigh, North Carolina; North Carolina, United States
• ISSUE MGT,ORE & RSKACCEPT
• Monday - Friday
• 06/06/2025

Overview 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. Responsibilities

• 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.

Qualifications 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.

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First Citizens Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race (including traits historically associated with race, such as hair texture and protective hairstyles), color, religion, national origin, sex, age, disability, protected veteran status, sexual orientation, gender identity, genetic information, military membership, application, or obligation, or any other legally protected status. Section 19 of the Federal Deposit Insurance Act prohibits First Citizens Bank from employing individuals convicted of certain criminal offenses. Offers of employment will be contingent upon a satisfactory background check. The Bank is committed to maintaining a safe workplace free from the influence of prohibited drugs and the misuse of alcohol and will not tolerate any prohibited drug use or alcohol misuse that jeopardizes the safety of associates, customers or others at the workplace, or threatens the Bank's operations or competitiveness.

If you have a disability and need special assistance or accommodation to apply for employment at First Citizens Bank, please contact our Human Resources department at 888.716.7199 or email us at [email protected].