Flagstar Bank · 10 hours ago
Quantitative Model Risk Analyst
Hicksville, NY
Full-time
Onsite
Entry, Mid Level
$59K/yr - $106K/yr
2+ years expFlagstar Bank is 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
Education level required: Undergraduate Degree (4 years or equivalent) Business, Finance, Risk Analysis or related field
Minimum experience required: 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
Preferred
Education level 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