Onsite Financial Modeling & Analytics Quantitative Analyst

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About the role

  • Quantitative Analyst advancing financial modeling and analytics at Flagstar Bank. Responsible for credit risk management, model development, and data analysis.

Responsibilities

  • Development and maintenance of quantitative financial models used in risk measurement, income simulations, balance sheet management, or asset valuations.
  • Implements, tests and documents internally and externally developed and/or licensed models.
  • Assist with the integration of models within the FMA team and amongst other teams to ensure consistency and accuracy across all model outputs.
  • Analysis and document of model output, ongoing performance monitoring, synthesis of information, and communication of conclusions and recommendations.
  • Testing of established models, including back-testing, benchmarking, sensitivity testing, and scenario analysis.
  • Utilize industry standard quantitative software, data science programming languages (Python), database systems (SQL), and workstation productivity applications (Tableau).

Requirements

  • Undergraduate Degree (4 years or equivalent) in Finance, Mathematics, Economics, Engineering, or similar.
  • 1+ Years of experience with credit risk modeling; including linear modeling frameworks.
  • Master's Degree (or Postgraduate equivalent) in Finance, Mathematics, Economics, Engineering, or similar (preferred).
  • Experience with quantitative fixed income, programming and financial modeling experience (preferred).
  • Direct working with and analyzing model data preparation requirements (quality control, transformations, re-classifications, etc.) (preferred).
  • Experience with CCAR/DFAST modeling requirements (preferred).
  • Experience with ALLL/CECL modeling requirements (preferred).
  • Experience deploying credit loss models into a production ALM environment (preferred).
  • Experience using third-party macroeconomic forecast data (preferred).

Benefits

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

Job title

Financial Modeling & Analytics Quantitative Analyst

Job type

Experience level

Junior

Salary

$62,910 - $117,160 per year

Degree requirement

Bachelor's Degree

Tech skills

Location requirements

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