Director - PPNR and Balance Sheet Stress Testing

The Director leads the development and execution of the PPNR (Pre-Provision Net Revenue) and Balance Sheet forecasting activities within FCB's CCAR Program. Reporting to the Head of Stress Testing, this role will lead a team to manage all aspects of the firm execution efforts for balance sheet and PPNR forecasting. Further, this role will work directly with model development, model validation, model implementation, among other departments to ensure effective development of the PPNR and balance sheet forecasting methodologies and processes. This role will have primary responsibility for all documentation of the managed processes, as well as management of 2nd line, 3rd line, and regulator reviews of the same.

• Strategic Leadership - Under the leadership of the Head of Stress Testing, this role will own the development and execution of significant activities within FCB's CCAR program and must be able to think and lead its team strategically. The role collaborates with leadership on setting strategic priorities and executing on implementing them. The role Identifies continuous improvements opportunities through reviews of existing methodologies and processes, recommending and implementing changes where necessary.
• Process Execution - This role will ensure the timely, complete and accurate execution of the PPNR and Balance Sheet forecasting activities of FBC's CCAR process as often as required throughout the year.
• Review and Challenge - as part of execution responsibilities this role must shepherd the results of PPNR and Balance Sheet forecasts through the review and challenge of first line business partners, 2nd line oversight functions, 3rd line auditors, and senior management. Additionally, outside of execution cycles, the role will have primary responsibility for review and challenge of the methodologies and processes used by our 2nd line, 3rd line, and external review partners.
• Methodology Development - This role is responsible to coordinate with and advise partners in the model development area on the development of forecasting methodologies for all in scope processes. The role will also work with partners in implementation to ensure a robust and controlled deployment of owned models and methodologies.
• Reporting - Coordinates reports to the Board of Directors, the Federal Deposit Insurance Corporation, and Federal Reserve Board. Reports significant portfolio changes to the proper parties as a method of monitoring risk. Oversees team reporting for accuracy, completeness, and compliance with applicable regulations.
• Managerial Functions - Establishes and monitors expectations to achieve company and department goals. Makes changes to policies, procedures, and efficiencies to meet objectives. Manages the performance, training, and evaluation of assigned staff. Maximizes team achievements by providing professional development.

Bachelor's Degree and 8 years of experience in Financial, Statistical or Quantitative Analysis Experience, with at least 4 years of Management/Lead Experience

OR High School Diploma or GED and 12 years of experience in Financial, Statistical or Quantitative Analysis Experience, with at least 4 years of Management/Lead Experience

Preferred Skills:

• Experience leading CCAR Forecasting Activities at a large financial institution
• Direct experience forecasting PPNR and balance sheet items at a large financial institution as part of Stress Testing, FP&A, Budgeting or Strategic Planning
• Strong knowledge of PPNR and balance sheet forecasting methodologies
• Strong knowledge of Reg Y, Capital Plan Rule, CCAR, DFAST, and other related regulations/regulatory programs
• Demonstrated ability to lead senior management level discussion
• Proven Capacity to work across functions, including with 2nd and 3rd line to address concerns.
• Demonstrated ability to lead a team of resources to achieve a complex goal
• Advanced degree in Business, Finance, Accounting, or a quantitative discipline

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. More information can be found at https://jobs.firstcitizens.com/benefits.