Credit Risk Data Scientist II

Job description

**ABOUT US** Coastal is at the forefront of modern banking, combining strong financial infrastructure with cutting-edge Banking-as-a-Service (BaaS) and fintech enablement strategies. We support not only individuals with their personal banking needs; we also empower businesses by integrating modern banking technology that drives growth, flexibility, and innovation. At Coastal, we think and move like entrepreneurs; focused on impact, speed, and continuous improvement. We believe in working smart, collaborating deeply, and building solutions that unlock real potential. If you're someone who thrives in a fast-moving environment, loves solving complex problems, and wants to help shape the future of banking, we’d love to meet you. Check out our video [here](https://www.youtube.com/watch?v=UCWaDxFnla8&ab_channel=CoastalCommunityBank)! **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. The role requires technical expertise, strong analytical skills, and deep knowledge of credit risk modeling, data science, and regulatory requirements. **RESPONSIBILITIES TO INCLUDE** - 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. **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 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). **EDUCATION/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 - Prior experience with Machine learning, data science, and statistical modeling. **HOW YOU’LL THRIVE AT COASTAL** - **Be the Best** – Communicate effectively, pay close attention to detail, and prioritize your personal development. - **Be Relentless** – Thrive in a goal-oriented environment exercising both patience and persistence. Advocate for our customers and team members and strive to promote the Coastal Difference. - **Be Un-Bankey** – Be a forward thinker with a creative mindset. Build long-lasting relationships promoting the Coastal Difference, built on a foundation of integrity, honesty, and trust. - **Embrace Gray Thinking** – Use sound judgment while decision-making and problem-solving**.** Think outside the box. - **Stay Flexible** – Organize and strategize effectively while always being prepared to adapt on the fly**.** Seek efficiencies for Coastal to work smarter, not harder. - **Take Care of Each Other** – Understand what it means to be a true team player and have your teammate's back.Practice self-awareness and build your emotional intelligence. **BEING YOU AT COASTAL** Coastal 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. **BENEFITS WE OFFER** We’re proud to offer a comprehensive benefits package designed to support your health, financial well-being, and work-life balance. Our offerings include: - **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. Check out our benefits on our [careers site](https://jobs.ashbyhq.com/coastal)!! **PHYSICAL DEMANDS** The physical demands described below are required to perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee must be able to: - 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. **OTHER DUTIES** Please note 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.