Quantitative Model Risk Analyst
$59,312–$106,858 year
On-siteHicksville, New York, United States
Job Summary
Perform independent validation of selected models to assess conceptual soundness, replicate code, and review development documentation and inputs. Prepare written validation reports, track remediation progress for identified deficiencies, and provide recommendations for model design, back testing, and recalibration. Develop partnerships with analysts, model owners, business risk teams, and auditors while analyzing outcomes and resolving problems using independent judgment. Consistently adhere to regulatory and compliance policies, complete required trainings, and utilize strong analytical skills to prioritize work and meet deadlines. This role supports the implementation of bank-wide model risk management policy within Flagstar Bank, a leading regional institution with over 340 locations.
Required Qualifications
- 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
- 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
Desired Qualifications
- Master's Degree (or Postgraduate equivalent)
- Business, Finance, Risk Analysis or related field
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