Credit Risk Quantitative Model Analyst Sr

Position Title

Credit Risk Quantitative Model Analyst Sr

Nationwide, MI 48098

The Senior Credit Risk Quantitative Model Analyst supports the Credit Risk Administration Team with the development, testing, implementation, monitoring, documentation, and maintenance of all credit risk rating models. Responsibilities include sourcing, cleaning, and transforming data; researching applicable methods; training and testing a variety of specifications; documenting all facets of the development process; implementing models and related logic in production systems; assessing outputs across different levels of inputs (sensitivity analysis and scenario analysis);

back‑testing and ongoing performance monitoring; and communicating aspects of the model and its application to non‑technical stakeholders.

• Develop and apply 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.
• Derive model assumptions that are well reasoned and supportable.
• Monitor the performance and calibration of existing models.
• Implement models in code in a transparent and easily maintainable way within loan origination applications.
• Comprehensively and clearly document 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.

• Perform special projects and additional duties and responsibilities as required.
• Consistently adhere 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.

• Education:
  
  Undergraduate degree (4 years or equivalent) in a quantitative field; additional certifications or experience welcomed.
• Experience:
  
  6+ years of model development, performance monitoring, or validation experience, particularly in credit risk.
• Technical
  
  Skills:
  
  Proficiency with at least one of R, SAS, SQL, or Python.

• Education:
  
  Master’s degree in Statistics, Econometrics, Mathematics, or a related quantitative field.
• Experience with commercial dual risk rating frameworks, especially PD/LGD/EAD modeling approaches.
• Experience developing credit risk models and programming user interfaces.
• Experience with nCino implementation of risk rating models and financial spreading process.
• Knowledge of GAAP, Basel III, Dodd‑Frank Act Stress Testing, CCAR, and bank accounting/regulatory reporting requirements.
• Advanced statistical and mathematical software skills for descriptive, predictive, and prescriptive analysis (e.g., segmentation, logistic regression, sensitivity analysis, machine learning).

• Strong analytical and critical thinking skills with high attention to detail and accuracy.
• Excellent verbal, written, and interpersonal communication skills.
• Ability to clearly articulate ideas, analytic insights, and recommendations to both technical and non‑technical audiences, including an executive audience.
• Problem‑solving skills: conduct in‑depth research, identify key problems, and articulate well‑reasoned solutions.
• Relationship building: build and maintain effective relationships with stakeholders to support enterprise goals and drive strategic results.
• Client focus: deliver tailored solutions that enhance the overall client experience.
• Team collaboration: support a positive work culture and productive work environment.
• No travel required for this role.
• Physical demands: no unusual physical exertion involved.

Flagstar is an Equal Opportunity Employer.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance, and the San Francisco Fair Chance Ordinance, as applicable.

$91,068.75 - $