Flagstar Bank · 18 hours ago
Financial Modeling & Analytics Quantitative Analyst
New York/1400 Broadway/114025
Full-time
Onsite
Entry Level
$63K/yr - $117K/yr
1+ years expFlagstar Bank is a financial institution seeking a Financial Modeling & Analytics Quantitative Analyst to join their team. The role involves advancing the bank's understanding of customers and risk exposures through quantitative analysis and modeling, contributing to sound risk management and strategic decisions.
BankingFinanceFinancial Services
Responsibilities
Development and maintenance of quantitative financial models used in risk measurement, income simulations, balance sheet management, or asset valuations, Including complex financial, econometric, and statistical frameworks. Implements, tests and documents internally and externally developed and/or licensed models. Assist with the integration of models within the FMA team and amongst other teams to ensure consistency and accuracy across all model outputs
Analysis and document of model output, ongoing performance monitoring, synthesis of information, and communication of conclusions and recommendations in a clear and concise manner to senior managers and executives
Testing of established models, including back-testing, benchmarking, sensitivity testing, and scenario analysis
Utilize industry standard quantitative software, data science programming languages (Python), database systems (SQL), and workstation productivity applications (Tableau) to produce required deliverables
Assists with the analysis and documentation of Management, Internal Audit, Enterprise Risk Management and Regulatory findings and requirements
Develop automated solutions to simplify challenging and repetitive processes
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
Qualification
Required
Education level required: Undergraduate Degree (4 years or equivalent) Finance, Mathematics, Economics, Engineering, or similar
Minimum experience required: 1+ 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.)
Knowledge of finance concepts with a solid understanding of statistics and quantitative methods
SAS: experience developing and documenting well-structured, standards-based SAS programs using Enterprise Guide, SAS data analysis and management, procedures (Base SAS procedures, SAS macros, SAS functions, program factoring such as 'Include', etc.), PROC SQL, statistical procedures (PROC GLM, PROC GEE, PROC GENMOD, PROC LOGISTIC, PROC ARIMA, etc.)
Python: experience using similar routines mentioned above, additional Python experience developing transition matrix models
SQL: experience developing and running complex data extract and transformation queries using SQL, SQL Server in an enterprise database environment
Excellent analytical skills; strong written and oral communication skills, a clear, concise expository style
Strong communication and collaboration skills
Strong project management skills
Demonstrated ability to work cooperatively, prioritize and multi-task within in a team-oriented and fast-paced environment
Preferred
Education level preferred: Master's Degree (or Postgraduate equivalent) in Finance, Mathematics, Economics, Engineering, or similar
Experience with quantitative fixed income, programming and financial modeling experience. Direct working with and analyzing model data preparation requirements (quality control, transformations, re-classifications, etc.)
Experience with CCAR/DFAST modeling requirements
Experience with ALLL/CECL modeling requirements
Experience deploying credit loss models into a production ALM environment
Experience using third-party macroeconomic forecast data
Proven experience with object oriented and/or relational database programming preferred
Proven track for pursuing CFA professional development preferred
Benefits
Medical
Dental
Vision
Life
Disability insurance
Comprehensive leave program
Company
Flagstar Bank
Thank you for visiting Flagstar Bank, N.A. on LinkedIn, and we look forward to being part of your financial journey.
5001-10000 employees
H1B Sponsorship
Flagstar Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (39)
2024 (42)
2023 (41)
Funding
Current Stage
Public CompanyTotal Funding
unknown2021-04-26Acquired
2001-07-12IPO
Leadership Team
Gregg Christenson
Executive Vice President and CFO for Community Banking
R
Randal Turner
SVP & Chief Financial Officer, Loan Servicing and Shared Services
Recent News
2025-11-12
2025-11-07
Company data provided by crunchbase