Credit Risk Modeling Analyst Sr

Flagstar Bank
Troy, MI
Credit Risk Modeling Analyst Sr Location Troy, MI : Position Title Credit Risk Modeling Analyst Sr Location Headquarters-Troy, MI Job Summary JOB SUMMARY The Senior Credit Risk Modeling Analyst is responsible for assisting in the management of and oversight of all models and similar templates owned by the credit risk department, including models used within the Allowance for Credit Loss (ACL) and Representations and Warranties (R&W) process. This individual assists the Credit Risk Modeling Manager to ensure that Flagstar's credit risk department has appropriate models or other similar tools or templates to assist in the identification and mitigation of credit risk across the organization, as well as ensure compliance with all external and internal model related guidance. The individual is also responsible for assisting in the oversight of the quarterly ACL and R&W process working closely with the Accounting and Finance teams. Job Responsibilities: JOB RESPONSIBILITIES
  • Assist in the development and perform model execution and ongoing performance monitoring activities including data management systems and processes, ensuring compliance with all internal Model Risk Management policies and other regulatory guidelines such as SR 11-7 for all credit risk owned models, including either internally developed or externally purchased models. Ongoing performance monitoring may include back-testing, sensitivity analysis, benchmarking, and override analysis.
  • Assist in the oversight of the bank's ACL and R&W process including data preparation, model execution, preparing and presenting analysis to ACL committee and other analysis and activities as necessary, working closely with the Accounting and Finance teams as appropriate. Assist in the design and execution of ACL and R&W related controls.
  • Ensures compliance with model governance policies and procedures as an integrated feature of all quantitative modeling and analytic activities. Performs model governance procedures including the execution of required production controls; model, data and procedure version control; and end-user computing policies and guidelines. Assist in the response to any third-party related model validation, internal audit, SOX control testing. regulatory, etc. requests.
  • Perform data analysis in support of credit risk related activities including the development and distribution of reporting and other forms of analysis or documentation related to credit models as necessary.
  • Uses independent judgement and discretion to make decisions regarding credit risk models and other similar tools.
  • Analyzes and resolves problems pertaining to credit risk models and other similar tools.
  • ADDITIONAL ACCOUNTABILITIES
    • 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.
    JOB REQUIREMENTS Required Qualifications:
    • Education level required: Undergraduate Degree (4 years or equivalent) Finance, Economics, Statistics, Mathematics or other advanced quantitative field.
    • Minimum experience required: 5+ Years of experience with credit risk analytics and modeling.
    Preferred Qualifications:
    • Education level preferred: Master's Degree (or Postgraduate equivalent).
    • Experience with Moody's CreditLens, RiskCalc, CMM preferred.
    Job Competencies:
    • Knowledge of TTC PD and LGD.
    • Excel: experience developing and documenting well-structured, auditable workbooks, credit risk calculations, pivot tables, and publishable tables, charts, and graphs.
    • Experience creating and presenting PowerPoint or similar types of presentations to executive management.
    • Experience working in a networked Microsoft Windows end-user computing environment.
    • Alteryx experience highly preferred.
    • No travel requirements.
    • Physical demands (ADA): No unusual physical exertion is involved.
Posted 2025-09-30

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