Job TitleCFG is a leading financial institution dedicated to providing innovative solutions to manage financial risks and optimize asset and liability portfolios. The Central Model Development team within the Asset Liability Management group is responsible for developing and maintaining models that support strategic decision-making.This role develops, implements, and maintains ALM and CCAR/PPNR models. The position also provides guidance to functional leaders on model impacts and partners with Model Risk Management, Market Risk, and Internal Audit to support model governance and regulatory requirements.Key Responsibilities:Develop and maintain models supporting balance sheet forecasting for the Asset Liability Management groupBuild customer behavior models for attrition, origination, and prepayment across deposit and loan productsDevelop predictive models for market rates and macroeconomic variables related to ALM and CCARPartner with data science teams under leadership guidance to deliver model solutionsCreate and maintain model documentation to support validation and governance processesCollaborate with Model Risk Management, Model Validation, and Market Risk for periodic model reviewsMonitor model performance and recommend enhancements including overlays, recalibration, or redevelopmentPerform sensitivity testing, back testing, and fundamental driver analysisDemonstrate understanding of related models including interest rate and term structure modelsPropose improvements to loan and deposit modeling and challenge existing assumptionsSupport development of forward-looking macroeconomic and interest rate views in partnership with TreasuryProvide analytical support for balance sheet and liquidity strategy decisionsSupport initiatives including Balance Sheet Optimization, Funds Transfer Pricing, Mortgage Servicing Rights, CCAR, and DFASTPrepare materials for Asset Liability Committee and senior managementRequired Qualifications:Experience applying statistical analysis in Treasury modeling, risk management, forecasting, or pricing within a bank or consulting firmProficiency in Python, R, or similar analytical programming languagesStrong analytical and quantitative modeling skillsExperience developing and maintaining financial or risk modelsStrong communication skills with the ability to translate complex analysis into business insightsPreferred Qualifications:Experience with prepayment models such as BlackRock, Black Knight, QRM, or ADCOExperience with deposit models such as QRM or NovantasExposure to balance sheet management systems such as QRM, BancWare, or EmpyreanFamiliarity with financial and economic data sources such as FRED, Bloomberg, or Economy.comProgress toward Chartered Financial Analyst designationEducation:Master's degree or PhD in Finance, Economics, Mathematics, Statistics, or related STEM field preferredPay TransparencyThe salary range for this position is $124,000 - $165,000 per year, plus an opportunity to earn an annual discretionary bonus.
Actual pay is based on various factors including but not limited to the budget, 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 SkillsBusiness Data AnalysisBusiness SavvyCustomer Journey OrchestrationDiversity and Inclusion (D&I) Strategy and PolicyMachine LearningProgramming and Scripting LanguagesStatisticsTechnical WritingAbout UsEqual Employment OpportunityCitizens, 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.Equal Employment and Opportunity EmployerJob Applicant Data Privacy PolicyBackground CheckAny offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered.
Any offer of employment will include further information.Job InfoJob Identification 47261Job Category Data & AnalyticsPosting Date 06/22/2026, 06:03 PMApply Before 07/31/2026, 04:00 AMDegree Level Master's DegreeJob Schedule Full timeJob Shift 1stLocations 28 State Street, Boston, MA, 02109, US One Citizens Bank Way, Johnston, RI, 02919, US 200 Station Drive, Westwood, MA, 02090, USWorking Hours 40Career Site Category Data Analytics