Business Systems Analyst III – Sanctions Model Support (Remote)

First Citizens Bank is seeking a detail-oriented Business Systems Analyst III to support initiatives related to sanctions compliance and model risk management. This remote role involves bridging business, compliance, and technology teams to ensure systems, models, and data processes effectively identify and mitigate sanctions and model risks.

Responsibilities:

• Gather, document, and validate business and functional requirements for sanctions screening systems
• Translate regulatory requirements into system specifications and workflows
• Collaborate with stakeholders across Compliance, Risk, IT, and Operations
• Analyze and enhance sanctions screening systems (e.g., name screening, transaction filtering)
• Support tuning and optimization of screening scenarios to reduce false positives
• Assist in implementing regulatory changes (e.g., OFAC, EU, UN sanctions updates) into systems
• Perform data analysis to identify gaps in sanctions controls and recommend improvements
• Support model lifecycle activities including development, validation, implementation, and monitoring
• Document model assumptions, methodologies, and limitations
• Partner with Model Risk teams to ensure compliance with model governance frameworks
• Assist in model performance monitoring, testing, and reporting
• Analyze large datasets to support risk assessments and decision-making
• Develop dashboards and reports for risk metrics and KPIs
• Ensure data quality, lineage, and traceability across systems
• Create and execute test cases (UAT, regression, system testing)
• Validate system changes and model outputs against business requirements
• Support system implementations, upgrades, and integrations
• Prepare documentation for internal audits and regulatory examinations
• Ensure systems and processes align with regulatory expectations and internal policies
• Track and remediate audit findings and control gaps

Requirements:

• Bachelor's Degree and 4 years of experience in Systems Support, or Analytics, or Operations Support OR High School Diploma or GED and 8 years of experience in Systems Support, or Analytics, or Operations Support
• Experience with sanctions screening systems
• Familiarity with model risk management frameworks
• Strong analytical and problem-solving skills
• Experience with SQL, Excel, or data analysis tools
• Knowledge of sanctions regulations (e.g., OFAC, EU, UN)
• Experience with payment platforms and message structures
• Understanding of statistical or risk models
• Experience with tools like Tableau or Power BI