Senior Credit Risk Modeling Lead

Flagstar Bank; United States; Remote; USD 91,000 - 161,000; Full time

Job summary

Flagstar Bank seeks a Senior Credit Risk Quantitative Model Analyst to lead development, testing, implementation, and monitoring of credit risk rating models. The role requires transforming data, validating methodologies, and communicating results to non-technical stakeholders, nationwide scope.

Responsibilities include running back-testing, ensuring compliance with GAAP and regulatory standards, and coordinating with model risk management, accounting, and treasury teams.

Qualifications

• Undergraduate degree in a quantitative field; 4 years or equivalent.
• Minimum 6+ years of model development, model performance monitoring or validation experience in credit risk.
• Experience with at least one of the following software packages: R, SAS, SQL, Python.

Responsibilities

• 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.
• Derive model assumptions that are well reasoned and supportable.
• Monitor the performance and calibration of existing models.
• Implement models in code in a transparent and easily maintainable way within loan origination applications.
• Document all modeling or analysis work to meet internal, GAAP, and regulatory requirements; translate model theory and results for non-quantitative audiences.
• Develop and support strong controls for the model implementation framework and maintain related documentation.
• Support independent model validation, internal and external audits, and regulatory reviews.
• Interact with model users, validators, and regulators to address model issues and remediation actions.
• Interact with key stakeholder groups in design, development, and usage of models.

Skills

R

SAS

SQL

Python

Education

Bachelor's degree in a quantitative field

Master’s degree in Statistics/Econometrics/Mathematics or related quantitative field

Tools

nCino

Job description

Flagstar Bank seeks a Senior Credit Risk Quantitative Model Analyst to lead development, testing, implementation, and monitoring of credit risk rating models. The role requires transforming data, validating methodologies, and communicating results to non-technical stakeholders, nationwide scope.

Responsibilities include running back-testing, ensuring compliance with GAAP and regulatory standards, and coordinating with model risk management, accounting, and treasury teams.