Financial Risk Quantitative Analyst Sr

Position Title

Financial Risk Quantitative Analyst Sr

 

Location

Work From Home NY, NY 11801

 

Job Summary

Pay Range: 84- 140K

JOB SUMMARY

The Senior Financial Risk Quantitative Analyst leads and supports quantitative risk assessments and advanced analytics with a particular focus on Credit Analytics to support independent risk management review and challenge of the Allowance for Credit Losses (ACL) and Credit Loss Forecasting. The ideal candidate will have deep experience in financial risk, CECL/IFRS9 frameworks, and data-driven analytics to support management’s understanding of portfolio-level risk drivers and expected loss metrics.

 

Job Responsibilities:

JOB RESPONSIBILITIES

• Support quantitative reviews and validation of ACL estimates, with a focus on understanding model limitations and performance, model sensitivities, segmentation logic, and overlays.
• Write and present independent challenge memos assessing ACL methodology, management overlays, and model assumptions, ensuring alignment with regulatory and internal standards.
• Leverage model validation and ongoing monitoring reports and perform back-testing and benchmarking, as applicable.
• Monitor and interpret portfolio-level financial risk trends across secured and unsecured credit products (e.g., CRE, C&I, Real Estate & Consumer Loans).
• Use internal and external data to support the independent risk management review and challenge of credit forecasts.
• Assist in the development and enhancement of dashboards and tools to monitor risk-adjusted performance, forecast accuracy, and early warning indicators.
• Prepare materials and analyses for senior management, internal audit, regulatory reviews (OCC/FDIC), and Risk Committees.
• Stay current with regulatory expectations and industry best practices related to CECL, and model risk management (SR 11-7).

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)  in Finance, Statistics, Economics, Mathematics, Engineering, or a related field.
• Minimum experience required: 4+ Years in financial risk, credit risk modeling, or quantitative analytics within banking, fintech, or regulatory environments.
• Proficient in analytical tools such as Python, R, SQL, SAS, or Excel/VBA; experience with Power BI or Tableau is a plus.

Preferred Qualifications:

• Education level preferred: Master's Degree (or Postgraduate equivalent).
• Strong knowledge of CECL and ACL governance, model validation frameworks, and financial performance metrics.
• Prior exposure to multifamily CRE, Commercial, secured or unsecured lending products.
• Familiarity with OCC/FRB regulatory expectations and internal audit processes.
• Experience with model governance documentation, risk rating systems, and reserve adequacy reporting.

Job Competencies:

• Excellent written and verbal communication skills; ability to clearly synthesize technical content in challenge memos or executive materials.
• 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.
• 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: Benefits | Flagstar Bank