Credit Risk Quantitative Model Manager jobs in United States
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Flagstar Bank · 1 day ago

Credit Risk Quantitative Model Manager

positionMichigan, United States
timeFull-time
remoteOnsite
senioritySenior Level, Lead/Staff
money$106K/yr - $190K/yr
date8+ years exp

Flagstar Bank is seeking a Credit Risk Quantitative Model Manager to support their Credit Risk Administration Team. The role involves managing a team of quantitative model analysts responsible for the development, testing, and implementation of credit risk rating models, while ensuring compliance with regulatory standards.

BankingFinanceFinancial Services
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H1B Sponsor Likelynote

Responsibilities

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
Performs special projects, and additional duties and responsibilities as required
Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations

Qualification

Credit risk modelingStatistical analysisModel validationTeam managementRSASSQLPythonGAAP knowledgeBasel IIIAnalytical skillsCommunication skillsCritical thinking

Required

Minimum experience required: 8+ 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
High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent, required

Preferred

Education level preferred: Master's degree in Statistics, Econometrics, Mathematics
Experience developing credit risk models and programing user interfaces
Experience with 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
Disability insurance
Comprehensive leave program

Company

Flagstar Bank

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Thank you for visiting Flagstar Bank, N.A. on LinkedIn, and we look forward to being part of your financial journey.
dateFounded in 1987
location
Troy, Michigan, USA
people-size5001-10000 employees
web-link
http://www.flagstar.com/

H1B Sponsorship

Flagstar Bank has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (39)
2024 (42)
2023 (41)

Funding

Current Stage
Public Company
Total Funding
unknown
2021-04-26Acquired
2001-07-12IPO

Leadership Team

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Gregg Christenson
Executive Vice President and CFO for Community Banking
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R
Randal Turner
SVP & Chief Financial Officer, Loan Servicing and Shared Services
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