Senior Financial Assets Modeler

5 days ago


New York, New York, United States Flagstar Bank Full time

Job Description:

  • A Senior Financial Assets Modeler is responsible for leading the design, build and operation of compliant quantitative models.
  • Develops analytics for current expected credit loss (CECL), macroeconomic scenarios (Stress Testing), and portfolio (Loan Concentration) credit risk.

Key Responsibilities:

  • Design and assist with the integration of all applicable inputs, outputs, calculations and analytics required by the Assets and Liabilities Management (ALM) and the Allowance for Loan and Lease Losses (ALLL/CECL) models.
  • Responsible for working under the direction of the Financial Modeling and Analytics Manager Sr. with a minimum amount of direction.
  • Scope of model design and operation includes development, enhancement, maintenance, and execution of statistical and cash flow models.
  • Design, creation, testing and reporting of macroeconomic scenarios.
  • Support for governance, benchmarking, management, validation, and regulatory reporting pertaining to quantitative models.

Qualifications:

  • Education level: Undergraduate Degree (4 years or equivalent) in Finance, Economics, Statistics, Mathematics or another advanced quantitative field.
  • Minimum experience: 5 to 8 years of experience with credit risk modeling; including linear modeling frameworks (Ordinary Least Squares, Logistic Regression, Generalized Linear Models, Credit Risk Scorecards, Time Series, Roll Rate, Transition Matrix, etc.).
  • Commercial lending data experience: Commercial Real Estate (CRE), Commercial and Industrial (C&I), Construction, and Asset-Based Lending (ABL).
  • Data analysis skills: Extensive data analysis in support of financial planning, stress testing and reporting.

Salary Estimate: The estimated salary for this role is between $120,000 and $180,000 per year, depending on experience and qualifications.

About Us: Flagstar Bank is an Equal Opportunity Employer committed to diversity and inclusion.



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