Quantitative Tech Advisor
Company: Citizens Financial Group, Inc.
Posted on: June 12, 2021
MRM&V function at Citizens Bank 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.
- 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
- Document all aspects of model risk validation process in a
- Develop strong relationships with managers and analysts in the
businesses as well as with the other analytical functions within
- 4+ 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.
- Graduate degree in quantitative finance,
economics/econometrics, statistics or related quantitative
Hours and Work Schedule
Hours per Week: 40
Work Schedule: Monday-Friday
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
Equal Employment and Opportunity Employer/Disabled/Veteran
Citizens is a brand name of Citizens Bank, N.A. and each of its
Keywords: Citizens Financial Group, Inc., Boston , Quantitative Tech Advisor, Other , Boston, Massachusetts
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