Senior Credit Risk Quant Modeler

Socket.dev; United States; Remote; USD 91,000 - 161,000; Full time

Job summary

Flagstar Bank is seeking a Senior Credit Risk Quantitative Model Analyst to support development, testing, implementation, monitoring and maintenance of credit risk models. You will source and transform data, train and test specifications, and document all aspects of the modeling process for production deployment.

Responsibilities include back-testing, performance monitoring, and communicating model results to non-technical stakeholders.

Qualifications

• Undergraduate degree in a quantitative field (4 years or equivalent).
• Minimum 6+ years of model development, performance monitoring or validation in credit risk.
• Experience with at least one of R, SAS, SQL, Python.

Responsibilities

• Develop and apply mathematical or statistical theory to create credit risk rating models.
• Derive well-reasoned model assumptions.
• Monitor performance and calibration of existing models.
• Implement models in code within loan origination applications.
• Document modeling work in line with GAAP and regulatory requirements.
• Support model validation, audits, and regulatory reviews.
• Interact with model users, validators and regulators to address issues.

Skills

Analytical thinking

Attention to detail

Communication

Stakeholder collaboration

Education

Bachelor's degree in quantitative field

Master’s degree in Statistics/Econometrics/Mathematics

Tools

R

SAS

SQL

Python

Job description

Flagstar Bank is seeking a Senior Credit Risk Quantitative Model Analyst to support development, testing, implementation, monitoring and maintenance of credit risk models. You will source and transform data, train and test specifications, and document all aspects of the modeling process for production deployment.

Responsibilities include back-testing, performance monitoring, and communicating model results to non-technical stakeholders.