Senior Credit Risk Quantitative Model Analyst

🔥 4 minutes ago

🇺🇸 United States – Remote

💵 $91.1k - $160.7k / year

⏰ Full Time

🟠 Senior

🧐 Analyst

🦅 H1B Visa Sponsor

This company has sponsored H1B visas in the past.

👻 Ghost score 0%

What it means: how likely this posting is sitting open without active hiring.How to read it: 60% or higher means we think this is a ghost. Lower scores are less of a worry.How we score it: age, reposts, open roles vs team size, how fast jobs close, and whether pay is listed.Fine print: an estimate from public data, not a judgment of the company. Real jobs can score high, so treat it as a hint, not a fact.

Apply Now

Find Similar Remote Jobs

Set Up Email Alert For New Jobs

📊 Check your resume score for this job

Improve your chances of getting an interview by checking your resume score before you apply.

Upload Resume

Flagstar Bank

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

🛡️ Insurance

💼 Consulting

🏥 Healthcare

Insurance • Consulting • Healthcare

Flagstar Bank is a diversified commercial bank focused on building relationships to help clients on their financial journeys, whether for personal or business needs. The bank offers a wide range of financial services including personal and business banking, loans, mortgages, wealth management, and investment services. Flagstar is committed to community involvement and meeting the banking needs of diverse neighborhoods, including low- and moderate-income areas, while promoting diversity, equity, and inclusion within its operations.

📋 Description

• Develop and apply mathematical or statistical methods to organize, interpret, and summarize numerical data from multiple sources • Develop credit risk rating models and other credit risk-related initiatives • Derive well-reasoned and supportable model assumptions • Monitor the performance and calibration of existing models • Implement models transparently and maintainably in code within loan origination applications • Document modeling and analysis work to meet internal, GAAP, and regulatory requirements • Translate model theory and results for non-quantitative audiences • Develop and support controls for the model implementation framework • Support independent model validation, internal and external audits, and regulatory reviews • Address model issues and remediation actions with model users, validators, and regulators • Collaborate with Accounting, Treasury, Credit, Lines of Business, Model Risk Management, and Enterprise Technology • Perform special projects and additional duties as required • Complete required compliance training and maintain regulatory compliance

🎯 Requirements

• 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 • Experience with at least one of R, SAS, SQL, or Python • Experience with commercial dual risk rating frameworks, especially PD/LGD/EAD modeling approaches • Experience developing credit risk models and programming user interfaces • Experience with nCino implementation of risk rating models and financial spreading process • Working knowledge of GAAP, Basel III, Dodd-Frank Act Stress Testing, CCAR, and bank accounting/regulatory reporting requirements • Ability to use advanced statistical and mathematical software for descriptive, predictive, and prescriptive analysis • Ability to apply statistical techniques such as segmentation, logistic regression, sensitivity analysis, and machine learning • Strong analytical and critical thinking skills with high attention to detail and accuracy • Excellent verbal, written, and interpersonal communication skills • Ability to articulate ideas, analytic insights, and recommendations to technical and non-technical audiences, including executives • Ability to identify key problems, conduct in-depth research, and articulate well-reasoned solutions • Ability to build and maintain effective stakeholder relationships • Ability to maintain compliance with applicable federal, state, and local laws and regulations • Travel is not required • No unusual physical exertion is involved

🏖️ Benefits

• Medical insurance • Dental insurance • Vision insurance • Life insurance • Disability insurance • Comprehensive leave program • Variable incentives, bonuses, commissions, or other awards may be included in total compensation