About this role
This is a remote role that may only be hired in: AL
The role supports the execution of ACL (Allowance for Credit Losses) processes for retail credit products in compliance with CECL (Current Expected Credit Loss) standards.
The Risk Analyst will assist in ensuring accurate reserve estimations, regulatory reporting, and CECL-compliant forecasting. This role requires a strong foundation in finance, risk analytics, and data analysis to support internal reporting, enhance insights, and contribute to ongoing model and process improvements. This role is ideal for someone who is highly detail-oriented, technically proficient, and able to connect complex models with operational implementation—essentially the “last mile” person between models, data, and actionable outputs.
Responsibilities
- ACL Execution & Analysis:
Contribute to the execution of ACL processes across retail portfolios (e.g., credit cards, auto loans, mortgages and HELOC). Assist in producing monthly and quarterly reserve estimates in compliance with CECL and GAAP. Maintain execution schedules, ensure timely model runs, and escalate delays or anomalies.
- Controls & Compliance Support
Maintain documentation of ACL execution processes for audit and regulatory reviews. Perform periodic control checks (e.g., manual overrides, exception handling). Support audit and risk reviews by preparing traceable execution artifacts and documentation. controls & Compliance Support
- Reporting & Analytics:
Oversee the preparation of ACL reporting packages for senior management, Finance, Risk, and regulatory stakeholders. Provide insights into key drivers of reserve changes, portfolio performance and macroeconomic impacts. Develop dashboards and analytics tools to enhance ACL visibility and facilitate data-driven decision-making. Support stress testing, scenario analysis, and capital planning efforts by integrating ACL insights into broader risk management frameworks.
- Cross-Functional Collaboration:
Liaise with model developers, finance teams, and risk officers to clarify inputs, interpret outputs, and align results with expectations. Support the preparation of execution decks, walkthroughs, and summaries for management. Communicate variances or anomalies clearly and propose data- or logic-related resolutions.
- Process Improvement:
Identify inefficiencies or bottlenecks in the execution workflow and suggest improvements. Participate in cross-functional working groups to standardize ACL practices. Document and maintain process maps and SOPs for ACL execution tasks.
Qualifications
Bachelor's Degree and 2 years of experience in Risk Analytics or Analytics OR High School Diploma or GED and 6 years of experience in Risk Analytics or Analytics
Preferred Skills:
- Experience with retail credit products (e.g., credit cards, auto loans, mortgages)
- Familiarity with ACL automation tools and data infrastructure
- Proficiency in data visualization tools (e.g., tableau, Power BI)
- Proficiency in analytical programming languages (e.g., SQL, Python, SAS)
- Strong project management skills to drive initiatives related to process improvement and regulatory compliance
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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.
Other facts
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 500 branches and offices in 30 states; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets.
Visit firstcitizens.com or call toll-free 1.888.FC DIRECT (1.888.323.4732). First Citizens Bank. Forever First®. Member FDIC. Equal Housing Lender.
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What you'll do
- The Risk Analyst will support the execution of ACL processes for retail credit products, ensuring accurate reserve estimations and compliance with CECL standards. Responsibilities include reporting, analytics, cross-functional collaboration, and process improvement.
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