[Hiring] Senior Credit Risk Quantitative Model Analyst @Flagstar Bank

Role Description

The Senior Credit Risk Quantitative Model Analyst supports the Credit Risk Administration Team with the development, testing, implementation, monitoring, documentation, and maintenance of all credit risk rating models. Responsibilities include:

• Sourcing, cleaning, and transforming data.
• Researching applicable methods.
• Training and testing a variety of specifications.
• Documenting all facets of the development process.
• Implementing models and related logic in production systems.
• Assessing outputs across different levels of inputs (sensitivity analysis and scenario analysis).
• Back-testing and ongoing performance monitoring.
• Communicating aspects of the model and its application to non-technical stakeholders.

Qualifications

• Undergraduate Degree (4 years or equivalent) in a quantitative field with additional certifications or experience.
• Master’s Degree (or Postgraduate equivalent) in Statistics, Econometrics, Mathematics or related quantitative field (preferred).

Requirements

• 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.
• Experience with commercial dual risk rating frameworks, especially in PD/LGD/EAD modeling approaches (preferred).
• Experience developing credit risk models and programming user interfaces (preferred).
• Experience with nCino implementation of risk rating models and financial spreading process (preferred).
• Working knowledge of Generally Accepted Accounting Principles (GAAP), Basel III, Dodd-Frank Act Stress Testing, CCAR, and bank accounting/regulatory reporting requirements (preferred).
• Ability to use advanced statistical and mathematical software to perform descriptive, predictive, and prescriptive analysis leveraging a variety of statistical techniques (such as segmentation, logistic regression, sensitivity analysis, and machine learning).

Benefits

• Medical, dental, vision, life, and disability insurance.
• A comprehensive leave program.
• Access to a variety of benefits as outlined in the offer of employment.