Flagstar Bank · 16 hours ago
Quantitative Model Risk Analyst
Hicksville/102 Duffy Avenue/3797
Full-time
Onsite
Entry, Mid Level
$59K/yr - $106K/yr
2+ years expFlagstar Bank is a financial institution seeking a Quantitative Model Risk Analyst to support the implementation and execution of the Bank-wide model risk management policy. The role involves reviewing complex models, preparing validation reports, and tracking ongoing model risk issues.
BankingFinanceFinancial Services
Responsibilities
Performs independent validation of selected models to assess the conceptual soundness of model design and development, ongoing monitoring, and outcomes analysis
Replicates the model code, reviews model development documentation and model inputs, processing, and outputs
Develops and maintains effective partnerships with analysts, model owners, business level risk management teams and auditors, internal and external
Prepares written model validation reports and provides recommendations for the design, development, back testing, implementation and recalibration of models owned by the model development team
Tracks remediation progress and resolution status for identified model deficiencies
Assists in the development and maintenance of comprehensive reporting on the deficiencies identified, remediation status, and other critical data elements with respect to remediation
Uses independent judgement and discretion to make decisions
Analyzes and resolves problems
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
Required
Undergraduate Degree (4 years or equivalent) Business, Finance, Risk Analysis or related field
2+ years at a financial institution in risk management and/or model risk management, with a focus on an assigned specialty area such as BSA & Anti‑Money Laundering models, CECL and stress test models, credit risk rating models, asset liability management, treasury and liquidity models, or AI models
General knowledge of model lifecycle preferably in a bank or regulatory environment
Knowledge of MS Office software including Word, Excel, and PowerPoint, ability to produce charts and graphs in Excel
Strong project management and organization skills
Strong verbal and written communication skills
Strong analytical skills and attention to detail
Ability to multi-task and prioritize work appropriately
Ability to work with all levels of management and staff across all lines of business in the Bank
Ability to work independently and on a team and follow through assignments to completion
Ability to meet established deadlines
Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results
Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience
Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders
Preferred
Master's Degree (or Postgraduate equivalent) Business, Finance, Risk Analysis or related field
Benefits
Medical
Dental
Vision
Life
Disability insurance
Comprehensive leave program
Company
Flagstar Bank
Thank you for visiting Flagstar Bank, N.A. on LinkedIn, and we look forward to being part of your financial journey.
5001-10000 employees
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 CompanyTotal Funding
unknown2021-04-26Acquired
2001-07-12IPO
Leadership Team
Gregg Christenson
Executive Vice President and CFO for Community Banking
R
Randal Turner
Chief Financial Officer, Loan Servicing and Shared Services
Recent News
2025-11-12
2025-11-07
Company data provided by crunchbase