Coastal
Overview
Responsible for managing and overseeing the development, validation, and performance of internal credit risk models for the CCBX consumer portfolios and providing oversight of CCBX Partner models. These models are critical for credit loss forecasting, credit decisioning, risk management, and regulatory compliance.
Responsibilities
Oversee development, validation, and performance monitoring of all credit risk models used for decision-making, risk management, or regulatory reporting.
Expert proficiency in credit risk modeling & data science techniques 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.
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.
Strong communication and presentation skills to interact with internal and external stakeholders, including senior management, auditors, and regulators.
Provide leadership during project planning, execution, reporting, and follow-up on any action plans.
Qualifications
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.
Experience with CECL process including modeling, implementation, and production of quantitative and qualitative components.
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).
Education and Experience
Bachelor’s degree in Quantitative Finance, Economics, Statistics, Mathematics, Data Science, Computer Science, or a related field.
Master’s degree in a quantitative discipline (e.g., Financial Engineering, Data Science, Applied Mathematics) is preferred.
7+ years of experience in credit risk modeling, model development, validation, or model risk management, and forecasting techniques.
How You’ll Thrive At Coastal
Communicate effectively, pay close attention to detail, and prioritize your personal development.
Thrive in a goal‑oriented environment exercising both patience and persistence.
Be a forward thinker with a creative mindset. Build long‑lasting relationships promoting the Coastal Difference.
Use sound judgment while decision‑making and problem‑solving.
Organize and strategize effectively while always being prepared to adapt on the fly.
Practice self‑awareness and build your emotional intelligence.
Benefits We Offer
Medical coverage: Choose from three competitive medical plans.
Health Savings Account (HSA) with tax advantages and employer contributions.
Flexible Spending Accounts (FSA) for healthcare and dependent care expenses.
Dental and vision insurance.
Life insurance and supplemental coverage.
Short‑term and long‑term disability.
401(k) retirement plan with company matching.
Paid time off and 11 paid holidays.
Equal Opportunity Employer Coastal Community Bank is an equal opportunity employer. We are committed to providing a workplace free from discrimination and harassment. All employment decisions are based on merit, qualifications, and business needs. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, veteran status, or any other protected status under applicable laws.
Physical Demands
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.
View and read computer screens for extended periods.
Occasionally stoop, kneel, crouch, or crawl.
Occasionally lift or move up to 10 pounds.
Other Duties This job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Salary Salary Description $130,145.75 - $180,000.00
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Responsibilities
Oversee development, validation, and performance monitoring of all credit risk models used for decision-making, risk management, or regulatory reporting.
Expert proficiency in credit risk modeling & data science techniques 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.
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.
Strong communication and presentation skills to interact with internal and external stakeholders, including senior management, auditors, and regulators.
Provide leadership during project planning, execution, reporting, and follow-up on any action plans.
Qualifications
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.
Experience with CECL process including modeling, implementation, and production of quantitative and qualitative components.
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).
Education and Experience
Bachelor’s degree in Quantitative Finance, Economics, Statistics, Mathematics, Data Science, Computer Science, or a related field.
Master’s degree in a quantitative discipline (e.g., Financial Engineering, Data Science, Applied Mathematics) is preferred.
7+ years of experience in credit risk modeling, model development, validation, or model risk management, and forecasting techniques.
How You’ll Thrive At Coastal
Communicate effectively, pay close attention to detail, and prioritize your personal development.
Thrive in a goal‑oriented environment exercising both patience and persistence.
Be a forward thinker with a creative mindset. Build long‑lasting relationships promoting the Coastal Difference.
Use sound judgment while decision‑making and problem‑solving.
Organize and strategize effectively while always being prepared to adapt on the fly.
Practice self‑awareness and build your emotional intelligence.
Benefits We Offer
Medical coverage: Choose from three competitive medical plans.
Health Savings Account (HSA) with tax advantages and employer contributions.
Flexible Spending Accounts (FSA) for healthcare and dependent care expenses.
Dental and vision insurance.
Life insurance and supplemental coverage.
Short‑term and long‑term disability.
401(k) retirement plan with company matching.
Paid time off and 11 paid holidays.
Equal Opportunity Employer Coastal Community Bank is an equal opportunity employer. We are committed to providing a workplace free from discrimination and harassment. All employment decisions are based on merit, qualifications, and business needs. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, veteran status, or any other protected status under applicable laws.
Physical Demands
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.
View and read computer screens for extended periods.
Occasionally stoop, kneel, crouch, or crawl.
Occasionally lift or move up to 10 pounds.
Other Duties This job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Salary Salary Description $130,145.75 - $180,000.00
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