Financial Modeling & Analytics Manager Sr
Company: Flagstar Bank
Location: New York
Posted on: October 3, 2024
Job Description:
The Senior Financial Modeling & Analytics Manager is responsible
for managing the Financial Modeling Team and for managing the
firm-wide capital stress testing processes including CRE
concentration and liquidity stress testing. In addition, the FMA
Manager is responsible for providing analytic support to the
various risk disciplines within The Capital Planning Office in
establishing enhanced risk management. Pay Range: $140,621.69 -
$186,323.74 - $232,025.80
- Responsible for direct interaction with regulators as it
relates to targeted capital reviews specific to all stress testing
activities.
- Oversees and manages the development and use of all model
building for stress testing and CECL quantitative loss estimation.
Responsible for collecting data, building and implementing models
and performance tracking.
- Subject matter expert relating to model development.
- Conducting econometric and statistical analysis of credit and
financial data as relates to stress testing and CECL quantitative
loss estimation.
- Performing stress testing, back-testing, sensitivity analysis,
scenario analysis, benchmarking, etc.
- Keeping abreast with latest research and white papers on model
methodology and regulatory requirements.
- Interact with the Director of Capital Planning & Stress Testing
for strategic direction, stress test approach, results and
reports.
- Responsible for conceptual soundness of all stress testing
models, data quality and integrity as well as model assumptions and
stress test results.
- Establish governance and controls within the entire stress test
and CECL quantitative loss estimation processes, including
committee participation, effective challenge sessions, policies and
procedures, and workflow process and controls.
- Establish analytic support to the risk disciplines within
Capital Planning and Stress Testing: (credit, operational, PPNR,
etc.) including reports and analyses substantiating capital limits
and capital targets.
- Develops and implements an infrastructure to provide reliable
quantitative credit risk forecasting, analysis and reporting as it
relates to stress testing and CECL quantitative credit loss
estimation
- Responsible for ensuring conformance with the corporate Model
Governance policies and procedures
- Oversees and directs the work of the Financial Modeling &
Analytics Team to meet Capital Planning and CECL quantitative
credit loss estimation objectives.
- Responsible for talent management functions including:
employment, performance evaluations, staff development/training,
disciplinary actions, succession planning and ensuring all staff
comply with compliance requirements.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:
- Master's degree in Business Administration, Accounting, Finance
or related field.
- Minimum of ten (10) years of professional experience in
financial institution risk management.
Preferred Qualifications:
- Direct experience managing model development teams and projects
within a CCAR regulated organization.
Job Competencies:
- In depth knowledge of the following: risk model development and
management, macroeconomic scenario design and forecasting,
associated banking regulatory requirements, SOX compliant model
execution and operations, CCAR Stress Testing, CECL loss
forecasting, strategic planning, quantitative data analytics,
project management, technical IT infrastructure development and
maintenance, software engineering, professional personnel
recruiting and management, vendor-licensed data and model
management, presentations, documentation, and training.
- Extensive knowledge of modeling, stress
testing-assumptions-methodologies, dynamic forecasting, predictive
risk measurement-monitoring-and-reporting, deposit stability
assessment, contingency funding plans, early warning indicators,
peer trend analysis and multiple entity reporting.
- Strong knowledge of banking including but not limited to
compliance/regulatory, operational, market, liquidity, strategic
risks.
- Comprehensive knowledge of industry, market, economic and
regulatory developments as they relate to the overall impact to the
Bank.
- Thorough knowledge of asset/liability management.
- Computer literate with advanced proficiency in word processing,
spreadsheet and database applications.
- Strong verbal, written and interpersonal communication
skills.
- Strong analytical skills.
- Strong problem resolution skills.
- Ability to handle multiple tasks simultaneously and meet
established deadlines.
- Ability to develop and maintain strong working relationships
with all levels of management.
- Ability to train, delegate, and review the work of lower level
employees.
- Ability to prioritize and organize work assignments for a work
group.
Keywords: Flagstar Bank, Hamden , Financial Modeling & Analytics Manager Sr, Accounting, Auditing , New York, Connecticut
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