Lead Analyst - Strategic Modeling and Analytics-2

Overview

Lead a model development team in Corporate Treasury at First Citizens India, building and maintaining Pre-Provision Net Revenue (PPNR) and Balance Sheet Management models used for CCAR stress testing and internal financial planning.

What you'll do

• Manage data management, development, enhancement and maintenance of PPNR and Balance Sheet Management models used for Regulatory (CCAR/DFAST) Reporting, Stress Testing, and Financial Planning/Analysis.
• Manage data extraction, quality, reconciliation and processing at different levels of aggregation in coordination with FQO data/governance and IT teams.
• Analyze large datasets to uncover insights and patterns that aid financial decision making and risk management.
• Support all phases of model development, including qualitative/quantitative methodology design, exploratory data analysis, variable selection, performance testing and documentation, covering Deposits, Loans, Commitments and Net Interest Revenues/Expenses.
• Set up and perform ongoing monitoring at the specified frequency, and perform root cause analysis or remediation as applicable.
• Support implementation of new or re-developed models, including data reconciliation, model execution logic, implementation testing, and documentation.
• Contribute to process enhancements and automation across model development, documentation, monitoring and production activities.
• Partner with businesses, Finance and Treasury, Risk, and Model Risk Management to ensure a consistent and controlled PPNR approach across the end-to-end CCAR process.
• Engage with Model Risk Management to ensure models are fit for use per bank policies and standards and resolve model findings/limitations.
• Support review and challenge of stress test results and business overlays with PPNR and business teams.
• Support governance team in establishing and executing controls around data quality/reconciliation and model execution.
• Communicate effectively across Business units, MRM, Risk/Finance teams and working groups/committees, including toll gate meetings and model review/challenge discussions.
• Manage onshore stakeholders, including senior modeling leads, and collaborate across model development/maintenance activities.

What you'll need

• Strong knowledge of US regulatory landscape, including CCAR/DFAST regulations and SR 11-7 guidelines.
• Solid understanding of banking/financial products including credit, loans and deposits.
• 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.
• In-depth understanding of statistical analysis and econometric modeling, including sampling, segmentation, linear/logistic regression, time series forecasting, and stress testing techniques.
• 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.
• Master's/Bachelor's 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.

Nice to have

• Knowledge of commercial banking.
• Exposure to regulatory modeling/stress testing.

Details

• Location: Bengaluru, India.
• Work mode: Hybrid.
• Career level: P3; Job category: Manager.