Market Risk Analyst

Description

Citizens Enterprise Market Risk Management, a second line Risk Management function, is looking to hire a Treasury Oversight analyst. The candidate will be part of a team supporting our independent Liquidity Risk Management and Interest Rate Risk Oversight Framework. The successful candidate will report to the Head of Treasury Risk Oversight working in coordination with Treasury teams.

The incumbent will be responsible for performing risk management oversight through effective review and challenge, formal assessments, and continuous monitoring related to interest rate risk in the banking book activities. The incumbent should have basic knowledge of Net Interest Income (NII) and Economic Value of Equity (EVE) concepts.

To thrive as a colleague at Citizens, candidates must demonstrate a strong customer-centric mindset, exhibit persistence and resilience in the face of challenges, and embrace continuous learning to adapt and grow in a dynamic environment.

Core Responsibilities: 

• Supports the design and execution of review and challenge assessments of Treasury practices against regulatory and corporate expectations.

• Independently assess key inputs and results of Asset Liability Management modeling processes.

• Work within established timelines to deliver assessments and risk position monitoring, which are key inputs into annual program opinions.

• Responsible for continuous monitoring of NII and EVE exposures against limits and suggest and/or develop additional metrics and/or alternative risk views as needed.

• Support independent review of non-maturity deposit modeling, prepayment modelling, among others, in coordination with the team and model validation function.

• Identify and escalate exceptions to risk limits, policies, and procedures.

• Acting as a partner with Treasury identifying areas of improvement and achieve efficiencies.

• Working in partnership with Model Validation, the review and challenge of sub-model appropriateness supporting asset and liability management, NII forecasting, EVE, etc.   
• Effectively participate in EMRM governance and help formulate and drive EMRM strategy.
• Establish partnerships with the various stakeholders across the three lines of defense.
• 2+ years of experience in Treasury, Risk, or business line related functions.
• Ability to analyze large sets of data, workflow processes, risk profiles, and concisely summarize and/or represent effectively as management information.
• Strong verbal and written communication skills are required.
• Experience related to Treasury functions in the capacity of asset liability management (Net Interest Income, Economic Value of Equity) concepts, funding/liquidity management, funds transfer pricing, or investment portfolio management is desired.
• Experienced with Excel, VBA, SQL (a plus), QRM (a plus).
• Degree in Finance, Economics, Engineering, or related field 
• Relevant professional designations (e.g., CFA/FRM) are a plus.

Qualifications: 

• 2+ years of experience in Treasury, Risk, or business line related functions.
• Ability to analyze large sets of data, workflow processes, risk profiles, and concisely summarize and/or represent effectively as management information.
• Strong verbal and written communication skills are required.
• Experience related to Treasury functions in the capacity of asset liability management (Net Interest Income, Economic Value of Equity) concepts, funding/liquidity management, funds transfer pricing, or investment portfolio management is desired.
• Experienced with Excel, VBA, SQL (a plus), QRM (a plus).
• Degree in Finance, Economics, Engineering, or related field 
• Relevant professional designations (e.g., CFA/FRM) are a plus.

Education: 

• Degree in Finance, Economics, Engineering, or related field 
• Relevant professional designations (e.g., CFA/FRM) are a plus.

Hours and Work Schedule:

• Hours per Week: 40

• Location: Boston MA, Westwood, MA, or Johnston RI

• Work Schedule: Monday – Friday, 4 days in the office, 1 day remote.

Pay Transparency

The salary range for this position is $92,000-$137,8000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits .

Citizens will not sponsor an applicant for a work visa, such as an H-1B, for this position.

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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

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, 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. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.