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Citizens Bank Quantitative Tech Advisor in Boston, Massachusetts

Description

MRM&V function at CFG is responsible for identifying and managing the model risk across the bank in finance, consumer and commercial divisions. The model types include statistical, time-series, econometrics, machine learning, derivative pricing and qualitative modeling. These models are used to measure risk in AML, CCAR, CECL, VaR, loss forecasting, pricing, profitability, regulatory capital, underwriting, fraud, and fair lending amongst many others.

As a member of MRM&V team, you will be performing independent analytical reviews and validations of models across the bank, focusing on retail loss forecasting and underwriting models. You will contribute to wide variety of other types of models and collaborate with other model stakeholders.

Primary responsibilities include:

  • Own the model risk validation process including assessment of the model’s overall suitability for its intended use and purpose, evaluation of the model’s theoretical framework, analysis and verification of data used in the model development to ensure its relevance and representativeness, statistical and analytical testing, code replication, benchmark methodologies, logical tests and accuracy checks to challenge the model effectively.

  • Communicate modeling concepts and conclusions reached in a clear and concise manner especially to a non-quantitative audience.

  • Document all aspects of model risk validation process in a validation report.

  • Develop strong relationships with managers and analysts in the businesses as well as with the other analytical functions within the bank.

Qualifications

Required Skills/Experience:

  • 5+ years of experience in financial risk modeling, econometrics, operations research, or related fields.

  • Demonstrated understanding of the statistical and theoretical issues in models used in banking. Understanding of recent AI/Machine Learning techniques and platforms preferred.

  • Strong understanding of market-relevant measures of risk and, in particular, market and credit risk modeling.

  • Programming proficiency in one or more advanced statistical analysis tools such as SAS, R, Python, Matlab, etc.

  • Good oral and written communication skills.

Education, Certifications and/or Other Professional Credentials:

  • MBA Graduate degree in quantitative finance, economics/econometrics, statistics or related quantitative fields.

Hours and Work Schedule

Hours per Week: 40

Work Schedule: Monday-Friday 8-5

Why Work for Us

At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth.

Equal Employment Opportunity

It is the policy of Citizens to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, colleague or a dependent’s reproductive health decision making, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, genetic characteristic, citizenship, veteran or military status, marital or domestic partner status, family status/parenthood, victim of domestic violence, or any other category protected by federal, state and/or local laws.

Equal Employment and Opportunity Employer/Disabled/Veteran

Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.

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