Senior Credit Risk Modeling Specialist

Flagstar Bank, N.A.; United States; On-site; USD 91,000 - 161,000; Full time

Benefits offered by this job

Medical, dental, vision

Job summary

Flagstar Bank, N.A. is seeking a Senior Credit Risk Quantitative Model Analyst to lead development, validation and deployment of credit risk rating models.

You will source, clean, transform data, research methods, train and test specifications, and document the full modeling lifecycle for production use. Responsibilities include model monitoring, back-testing, and communicating results to non-technical stakeholders, with collaboration across Risk, Accounting and IT teams.

Qualifications

• Bachelor’s degree in a quantitative field; 6+ years experience in model development/validation.
• Experience with R, SAS, SQL or Python.
• Knowledge of GAAP, Basel III, CCAR compliance.

Responsibilities

• Develop and apply mathematical or statistical methods to build credit risk models.
• Derive well-reasoned model assumptions.
• Monitor model performance and calibration.
• Implement models in code within loan origination applications.
• Document modeling work to GAAP and regulatory standards.

Skills

Analytical skills

Communication skills

Problem solving

Statistical reasoning

Education

Bachelor's degree in a quantitative field

Master’s degree in Statistics/Econometrics/Mathematics

Tools

R

SAS

SQL

Python

Job description

Flagstar Bank, N.A. is seeking a Senior Credit Risk Quantitative Model Analyst to lead development, validation and deployment of credit risk rating models.

You will source, clean, transform data, research methods, train and test specifications, and document the full modeling lifecycle for production use. Responsibilities include model monitoring, back-testing, and communicating results to non-technical stakeholders, with collaboration across Risk, Accounting and IT teams.