Flagstar Bank, N.A

Credit Risk Quantitative Model Analyst Sr

Work From Home United States · Senior

Sponsorship not specified$91k-$161kDetected 26 days ago

SQLMachine LearningStatisticsAccountingLoad TestingSASResearchCommunicationCollaborationCritical ThinkingGAAP

About the role

Derive model assumptions that are well reasoned and supportable.
Monitor the performance and calibration of existing models.
Interact with model users, validators, and regulators to address model issues and remediation actions.

Develop and apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data sets from multiple sources to develop credit risk rating models or other credit risk-related initiatives.
Implement models in code in a transparent and easily maintainable way within loan origination applications.
Develop and support strong controls for the model implementation framework and maintain related documentation.
Support independent model validation process, internal and external audits, and regulatory reviews.
Interact with key stakeholder groups such as Accounting, Treasury, Credit, Lines of Business, Model Risk Management, and Enterprise Technology in the design, development, and ongoing usage of models.
Comprehensively and clearly document all modeling or analysis work that meets internal, GAAP, and regulatory requirements; translate model theory and related results for non-quantitative audiences.

Minimum experience required: 6+ Years of model development, model performance monitoring or validation experience, particularly in credit risk.
Experience with at least one of the following software packages: R, SAS, SQL, Python.
Undergraduate Degree (4 years or equivalent) A Bachelor's degree in a quantitative field with additional certifications or experience.
6+ Years of model development, model performance monitoring or validation experience, particularly in credit risk.
Performs special projects, and additional duties and responsibilities as required.
Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.

Experience with commercial dual risk rating frameworks, especially in PD/LGD/EAD modeling approaches
Experience with nCino implementation of risk rating models and financial spreading process.
Working knowledge of Generally Accepted Accounting Principles (GAAP), Basel III, Dodd-Frank Act Stress Testing, CCAR, and bank accounting/regulatory reporting requirements.
Job Competencies:
Strong analytical and critical thinking skills with high attention to detail and accuracy.
Excellent verbal, written, and interpersonal communication skills
Ability to clearly articulate, in writing or orally, ideas, analytic insights, and recommendations to both technical and non-technical audiences, including an executive audience.
An ability to identify key problems, conduct in-depth research, and articulate well-reasoned solutions.

$91,068.75 - $160,740.00
Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment.

Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program.
Benefits | Flagstar Bank

We are committed to providing clear and accurate compensation information in accordance with applicable laws.

This listing is sourced directly from Flagstar Bank, N.A's careers page and normalized into a canonical job model.