Flagstar Bank

Flagstar Bank N.A. was acquired by New York Community Bancorp, Inc., the holding company for Flagstar Bank N.A.

Credit Risk Quantitative Model Manager

ManagerManagerFull TimeRemoteTeam 5,001-10,000H1B SponsorCompany SiteLinkedIn

Location

Michigan

Posted

89 days ago

Salary

Not specified

7 yrs expEnglishPythonSQL

Job Description

• Support the Credit Risk Administration Team with hiring and managing a team of quantitative model analysts responsible for the development, testing, implementation, monitoring, documentation, and maintenance of all credit risk rating models. • Lead teams in development and application of 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. • Lead team in implementation of models in code in a transparent and easily maintainable way within loan origination applications. • Lead team in documentation of all modeling or analysis work that meets internal, GAAP, and regulatory requirements; translate model theory and related results for non-quantitative audiences. • Develop and support strong controls for the model implementation framework and maintain related documentation. • Support independent model validation process, 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 such as Accounting, Treasury, Credit, Lines of Business, Model Risk Management, and Enterprise Technology in the design, development, and ongoing usage of models. • Lead the team in establishing and executing a robust model performance monitoring process for credit risk rating models. • Responsible for talent management functions including: employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.

Job Requirements

  • 7+ Years of model development and/or validation experience, particularly in credit risk.
  • Experience with at least one of the following software packages: R, SAS, SQL, Python.
  • Experience developing credit risk models and programing user interfaces.
  • Experience with nCino implementation of risk rating models and financial spreading process.
  • Working knowledge of Generally Accepted Accounting Principles (GAAP), Basel III, Dodd-Frank Act Stress Testing, CCAR, and bank accounting/regulatory reporting requirements.
  • Knowledge and familiarity with key aspects of model risk management and model validation, including SR-11-7 guidance on model risk management.
  • 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).
  • Experience managing a team of quantitative model analysts.

Benefits

  • medical, dental, vision, life, and disability insurance
  • comprehensive leave program

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