Note: The job is a remote job and is open to candidates in USA. Coastal is a modern banking and Banking-as-a-Service company that supports personal banking and business financial technology solutions. The Credit Risk Data Scientist II will oversee the development, validation, governance, and performance monitoring of credit risk models used for forecasting, credit decisioning, risk management, and regulatory compliance.
Responsibilities
- Proficiently oversees the development, validation, and performance monitoring of all credit risk models used for decision-making, risk management, or regulatory reporting
- Shows expert level proficiency in credit risk modeling & data science techniques (e.g., statistical, econometric, or machine learning methods) used for loss forecasting, credit decisioning, and other use cases
- Proficiency in statistical software and tools such as R, Python, SAS, SQL, or other modeling and data analysis platforms
- Has a strong business knowledge of consumer credit, including credit cards, personal loans, unsecured lending
- Manage the model governance framework, ensuring effective control processes for model development, production, and validation
- Strong understanding of CECL standard, stress testing methodologies, loss forecasting, and macroeconomic scenario analysis
- Analytical and problem-solving skills to assess model performance, conduct back testing, and make adjustments when necessary
- Has a strong working knowledge of data management, data integrity, and data quality issues related to model inputs and outputs
- Ability to develop and implement policies and procedures to monitor and validate credit risk models
- Strong communication and presentation skills to interact with internal and external stakeholders, including senior management, auditors, and regulators
- Ensure that credit modeling & data science activities align with the organization’s risk appetite and strategic goals
- Provides leadership during project planning, execution, reporting, and follow-up on any action plans
Skills
- • Proven experience with credit risk modeling for EL (Expected Loss) using the PD (Probability of Default), LGD (Loss Given Default), and EAD (Exposure at Default) modeling framework
- • Experience in modeling oversight, governance, or validation functions within banking, financial services, or consulting
- • Deep expertise with machine learning, data science, and statistical techniques for developing credit loss forecasting models for stress testing, CECL, CCAR, and other use cases is required
- • Experience with CECL process including modeling, implementation, and production of quantitative and qualitative components
- • Familiarity with machine learning, data science, and statistical techniques for developing credit scorecards & origination credit underwriting is highly desirable
- • Familiarity with Basel III, IFRS 9, CCAR, Dodd-Frank, and other regulatory frameworks for credit risk models
- • Prior experience working with regulatory stress testing models (e.g., CCAR/DFAST) or impairment models (e.g., IFRS 9)
- • Bachelor's degree in quantitative finance, Economics, Statistics, Mathematics, Data Science, Computer Science, or a related field
- • 7+ years of experience in credit risk modeling, model development, validation, or model risk management, and forecasting techniques
- • Prior experience with Machine learning, data science, and statistical modeling
- • Sit for extended periods of time
- • Stand for extended periods of time
- • Perform repetitive finger, hand, and arm movement
- • Use electronic office equipment such as a computer keyboard, mouse, ten key, telephone, etc
- • View and read computer screens for extended periods
- • Occasionally stoop, kneel, crouch, or crawl
- • Occasionally lift or move up to 10 pounds
- • Master's degree in a quantitative discipline (e.g., Financial Engineering, Data Science, Applied Mathematics) is preferred
Benefits
- Medical Coverage: Choose from three competitive medical plans to find the coverage that best fits your needs and lifestyle.
- Health Savings Account (HSA): Available with eligible medical plans, offering tax advantages and employer contributions.
- Flexible Spending Accounts (FSA): Options for healthcare and dependent care expenses to help you save on out-of-pocket costs.
- Dental and Vision Insurance: Plans to keep you and your family smiling and seeing clearly.
- Life Insurance: Company-paid basic life insurance with options to purchase additional coverage for yourself and your dependents.
- Long-Term /Short-Term Disability (LTD): Income protection in the event of a long-term illness or injury.
- Supplemental Benefits: Including Hospital Indemnity, Accident Insurance, and Critical Illness coverage to provide extra financial support when you need it most.
- 401(k) Retirement Plan: A competitive retirement savings plan with company matching to help you plan for the future.
- Paid Time Off: Generous vacation and sick leave policies to support your time away from work.
- Holidays: Enjoy 11 paid holidays throughout the year.
Company Overview