Quantitative Model Risk Analyst

Quantitative Model Risk Analyst page is loaded## Quantitative Model Risk Analyst locations:
Hicksville/102 Duffy Avenue/3797time type:
Full time posted on:
Posted Todayjob requisition :
19187
** Position Title
** Quantitative Model Risk Analyst
** Location
* * Hicksville, NY 11801
** Job Summary
** Pay Range: 59- 106K     The Quantitative Model Risk Analyst supports the implementation and execution of the Bank-wide model risk management policy. This includes the review of complex models used within the organization, model development documentations, model code, and model performance. The Quantitative Model Risk Analyst prepares written validation reports, makes recommendations, and follows up and tracks ongoing model risk issues.

Pay Range:
Local Minimum Wage - $0.00 - $0.00
*
* Job Responsibilities:

**** JOB RESPONSIBILITIES
*** Performs independent validation of selected models to assess the conceptual soundness of model design and development, ongoing monitoring, and outcomes analysis.
* Replicates the model code, reviews model development documentation and model inputs, processing, and outputs.
* Develops and maintains effective partnerships with analysts, model owners, business level risk management teams and auditors, internal and external.
* Prepares written model validation reports and provides recommendations for the design, development, back testing, implementation and recalibration of models owned by the model development team.
* Tracks remediation progress and resolution status for identified model deficiencies.
* Assists in the development and maintenance of comprehensive reporting on the deficiencies identified, remediation status, and other critical data elements with respect to remediation.
* Uses independent judgement and discretion to make decisions.
* Analyzes and resolves problems.
** 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) Business, Finance, Risk Analysis or related field.
* Minimum experience required: 2+ years at a financial institution in risk management and/or model risk management, with a 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.
*
* Preferred Qualifications:

*** Education level preferred:
Master's Degree (or Postgraduate equivalent) Business, Finance, Risk Analysis or related field.
** Job

Competencies:

*** General knowledge of model lifecycle preferably in a bank or regulatory environment.
* Knowledge of MS Office software including Word, Excel, and PowerPoint, ability to produce charts and graphs in Excel.
* Strong project management and organization skills.
* Strong verbal and written communication skills.
* Strong analytical skills and attention to detail.
* Ability to multi-task and prioritize work appropriately.
* Ability to work with all levels of management and staff across all lines of business in the Bank.
* Ability to work independently and on a team and follow through assignments to completion.
* Ability to meet established deadlines.
* Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
* Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
* Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.
* Physical demands (ADA):
No unusual physical exertion is involved.

Flagstar is an Equal Opportunity Employer Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information:
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