Deposit Modeling Lead

Description

As a part the Treasury Central Model Development team, we are seeking a highly skilled and motivated Senior Deposit Modeling Team Lead to spearhead the development and management of advanced quantitative models for Deposit Pricing, Balance and Attrition, and Originations in a dynamic banking environment. The successful candidate will lead a team of analysts and modelers, collaborate across departments, and drive insights to inform critical business and regulatory decisions.

While in this role, you will create first line models to support ALM Interest Rate Risk, CCAR/DFAST, Liquidity Risk and Funds Transfer Pricing frameworks.

Primary responsibilities include

• Lead the design, development, and maintenance of sophisticated deposit models to analyze customer behavior, including deposit runoff, pricing sensitivity, and product segmentation.
• Oversee the integration of advanced modeling techniques, including machine learning, econometric modeling, and time-series analysis, to address complex forecasting and scenario analysis needs.
• Monitor model performance and communicate results to internal stakeholders,
• Propose model changes as necessary such as overlays and recalibration/redevelopment, supporting with sensitivity testing, back testing, and fundamental driver analyses.
• Interact effectively with Model Risk Management & Validation, Market Risk Management, and other challenge groups to facilitate periodic model validations and reviews.
• Collaborate with treasury, risk management, finance, and product teams to align model outputs with strategic objectives and ensure actionable insights.
• Evaluate the impact of macroeconomic variables on deposit trends and translate findings into forecasting and stress testing frameworks.
• Act as the subject matter expert for deposit modeling, providing technical leadership, training, and mentorship to the team.
• Stay abreast of industry trends, regulatory changes, and emerging technologies to maintain the organization’s competitive edge in deposit analytics.
• Present recommendations and resolutions to Model Risk Management, Senior Leadership and external stakeholders (FRB/OCC) in a clear and concise manner. 
• Ensure compliance with regulatory standards (e.g., SR 11-7, IRRBB, CCAR, Basel III) and documentation requirements for model governance.

Qualifications, Education, Certifications and/or Other Professional Credentials

• Master’s or PhD in a quantitative discipline (e.g., Mathematics, Statistics, Economics, Data Science, Engineering, or related fields).
• 7+ years of experience in quantitative modeling, including at least 3 years in a leadership role.
• Demonstrated ability to mentor and motivate junior staff in best-in-class deposit modeling practices.
• Exceptional communication and presentation skills, with the ability to translate technical findings into actionable insights for non-technical stakeholders.

Preferred Attributes

• A proactive approach to problem-solving and a strong sense of ownership for delivering high-quality results.
• Deep understanding of macroeconomic factors influencing deposit behavior and their integration into predictive models.
• Experience with cloud computing platforms (e.g., AWS, Azure, GCP) for data processing and model deployment.

This is a high-impact role that requires a blend of technical expertise, strategic vision, and leadership skills to shape the bank’s approach to deposit modeling and risk management. If you thrive in a collaborative, fast-paced environment and are passionate about driving innovation in banking analytics, we encourage you to apply.

Hours & Work Schedule

• Hours per Week: 40
• Work Schedule: M-Fri

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

At Citizens, we are committed to fostering an inclusive culture that enables colleagues to bring their best selves to work every day. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.

Equal Employment and Opportunity Employer

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