Senior Quantitative Model Developer - Loss Forecasting Model Development
Posted on: 15 Oct 2025
Atlanta, GA
Job Description
Overview
This is a hybrid role in Atlanta, GA with the expectation that time working will regularly take place inside and outside of a company office. Three days a week in office.
The Senior Quantitative Model Developer for Commercial Model Development will focus on developing and implementing sophisticated credit risk models for commercial lending portfolios. This role will be working closely with senior leadership to shape the organization's risk strategy and ensure alignment with business objectives.
This position provides valuable learning, working, and career development opportunities in a highly professional environment. This position also provide exposure to impactful modeling projects and to a wide variety of internal and external stakeholders.
Responsibilities
Lead the development, evaluation, and implementation of advanced credit risk models across all commercial lending products, including CRE loan portfolios, for stress-testing and CECL reporting purposes.
Partner with senior leadership to translate complex risk analytics insights into actionable business strategies and policy recommendations.
Mentor junior model development professionals by fostering a culture of innovation and continuous improvement in risk modeling approaches and methodologies.
Drive the enhancement of model development frameworks to meet evolving regulatory requirements, including CCAR and CECL compliance.
Lead the response to model validation findings and oversee the implementation of remediation plans across the modeling and analytics team.
Establish and maintain relationships with regulatory bodies, external/internal auditors, Model Risk Management (MRM) and other key stakeholders
Guide the development and implementation of new risk assessment methodologies and tools to improve the organization's risk management capabilities.
Drive strategic initiatives to modernize risk analytics infrastructure and capabilities through adoption of advanced technologies and methodologies.
Qualifications
Bachelor's Degree and 4 years of experience in financial, statistical, or quantitative analysis experience OR High School Diploma or GED and 8 years of experience in financial, statistical, or quantitative analysis experience
Preferred Qualifications:
Ph.D. or Master's degree in Statistics, Mathematics, Finance, Operation Research, Industrial Engineering, or other related quantitative field.
At least 4 years of progressive experience in credit risk model development for US Banks.
Hands on experience using Python, SAS, and SQL.
Hands on experience in developing statistical models using panel, cross-sectional, and time-series datasets.
Strong understanding of regulatory requirements and experience in interactions with regulatory bodies.
Expert knowledge of statistical modeling, machine learning techniques, and risk analytics methodologies.
Proven track record of translating complex analytical insights into business strategy.
Professional certifications (e.g. CFA or FRM) are a plus.
First Citizens Bank
Raleigh, NC
Forever Strong. Forever First®.
For more than 120 years, First Citizens Bank has been helping families and businesses do more with the money they earn, save and invest. In that time, we've built a solid track record of service, stability and reliability. We remain committed to smart, steady growth ... for our company and our customers alike.
Forever Family.
First Citizens began in 1898 as the Bank of Smithfield in Johnston County, North Carolina. From a single office, we've grown to more than 500 branches in 19 states.
Today, First Citizens is one of America's largest family-controlled banks, led for three generations by members of the same family. That's created a continuity of stable, forward-looking leadership focused more on building a strong bank that can last for generations than on short-term results.
Forever Helping.
Over the years, the way we do banking has changed. First Citizens has added new capabilities and new offerings. In addition to traditional banking services, we provide customers with services that include wealth management1, business and commercial banking, treasury services, insurance services1 and much more.
We also complement our industry-leading branch service with state-of-the-art digital banking tools. From First Citizens Digital Banking with Manage My MoneySM to Business Online Banking (BOB) Advantage®, we give customers more ways than ever to look after their financial lives.
Forever Stable.
First Citizens is a banking subsidiary of First Citizens BancShares, Inc. (NASDAQ: FCNCA), a $39 billion financial holding company.
As a First Citizens customer, you benefit from the stability of our top-tier credit quality, outstanding capital strength and strong liquid balance sheet. We never compromise the security of our customers' assets, regardless of the latest market trends or financial pressures.
At First Citizens, we've built our company on such timeless values as integrity, hard work and taking the long-term view. We avoid fads and gimmicks; instead, we believe in sound decisions that create real security and growth for generations to come.
Forever First is our commitment to be there through the years for the people, businesses and communities who rely on us to be the best bank we can be. As we say, "Money isn't everything. But so much depends on what you do with your money."
First Citizens Bank. Forever First®.
First Citizens Bank
Established in 1898, First Citizens Bank is headquartered in Raleigh, N.C.
The bank serves Arizona, California, Colorado, Florida, Georgia, Kansas, Maryland, Missouri, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, and Wisconsin with more than 500 branches.
First Citizens offers a complete line of financial services, including personal banking, business banking, wealth management, investment services1, insurance services1 and more.
First Citizens BancShares
Our parent company, First Citizens BancShares, is one of the largest family-controlled bank holding companies in the United States.
The company is publicly traded on NASDAQ under the symbol FCNCA2, Opens in a new tab.
Headquartered in Raleigh, N.C., BancShares’ assets total more than $39 billion.
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IndustryBanking/Financial Services
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No. of Employees5000+
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Website
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Jobs Posted486
