Sr Director - Balance Sheet Management
Position Title
Sr Director - Balance Sheet Management
Location
Hicksville, NY 11801
Job Summary
The Senior Director of Balance Sheet Management reports to the Treasurer and leads the teams responsible for Interest Rate Risk (IRR) measurement and modeling, balance sheet forecasting, loan and deposit pricing, and funds transfer pricing. Leads a dedicated team of professionals to analyze IRR and net interest income and propose strategies to improve balance sheet profitability while maintaining risk measures within established tolerances.
Pay Range: $234, 158 - $321, 967 - $409, 776
Pay Range: Local Minimum Wage - $0.00 - $0.00
Job Responsibilities:
JOB RESPONSIBILITIES
Oversee the IRR function, guiding the team in continuous development of models used to measure IRR exposure through professional expertise, customer data analysis, and model performance evaluations.
Propose on and off-balance sheet strategies to manage and mitigate IRR, partnering with the Investments, Liquidity, and Hedging teams.
Administer funds transfer pricing. Partner with the Finance team to explain results and initiate educational outreach across the organization to drive profitable decision making.
Maintain and guide the continuous improvement of loan, deposit, and customer relationship pricing models.
Lead the production of balance sheet and net interest income forecasts, analyze variances of actual performance to forecast, and explain changes to net interest margin.
Prepare and present insightful reporting and analysis to executive management and the Board of Directors. Assume a leading role at the Asset-Liability Committee (ALCO).
Chair and guide various subcommittees of ALCO: Asset Liability Modeling Committee, Deposit Pricing Committee, and Loan Pricing Committee.
Partner with the Financial Planning and Analysis, Capital, Liquidity, and Accounting teams to optimize Flagstar's balance sheet.
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:
Education level required: Undergraduate Degree (4 years or equivalent) in Finance, Mathematics, Economics, Engineering, or related field.
Minimum experience required: 15+ Years with progressive applicable experience at a financial institution, including 5+ years in quantitative risk modeling and measurement.
Preferred Qualifications:
Education level preferred: Master's Degree (or Postgraduate equivalent) in Finance, Mathematics, Economics, Engineering, or related field.
Job Competencies:
Comprehensive knowledge of supervisory expectations and industry best practices regarding interest rate risk and model risk management.
Knowledge of financial planning, capital management and corporate tax.
Strategic thinker with exceptional financial acumen.
Strong proficiency in financial modeling, forecasting, and financial analysis. Familiarity with bank balance sheets and products.
Demonstrated proficiency in data management and analysis.
Excellent communication and presentation skills, with the ability to distill complex financial information into clear and actionable insights.
Ability to work effectively in a fast-paced, dynamic environment.
Demonstrated ability to lead large, diverse teams.
Travel requirements: limited travel expected, up to 10%.
Physical demands (ADA): No unusual physical exertion is involved.
Flagstar is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, or national origin.
Apply Now
Sr Director - Balance Sheet Management
Location
Hicksville, NY 11801
Job Summary
The Senior Director of Balance Sheet Management reports to the Treasurer and leads the teams responsible for Interest Rate Risk (IRR) measurement and modeling, balance sheet forecasting, loan and deposit pricing, and funds transfer pricing. Leads a dedicated team of professionals to analyze IRR and net interest income and propose strategies to improve balance sheet profitability while maintaining risk measures within established tolerances.
Pay Range: $234, 158 - $321, 967 - $409, 776
Pay Range: Local Minimum Wage - $0.00 - $0.00
Job Responsibilities:
JOB RESPONSIBILITIES
Oversee the IRR function, guiding the team in continuous development of models used to measure IRR exposure through professional expertise, customer data analysis, and model performance evaluations.
Propose on and off-balance sheet strategies to manage and mitigate IRR, partnering with the Investments, Liquidity, and Hedging teams.
Administer funds transfer pricing. Partner with the Finance team to explain results and initiate educational outreach across the organization to drive profitable decision making.
Maintain and guide the continuous improvement of loan, deposit, and customer relationship pricing models.
Lead the production of balance sheet and net interest income forecasts, analyze variances of actual performance to forecast, and explain changes to net interest margin.
Prepare and present insightful reporting and analysis to executive management and the Board of Directors. Assume a leading role at the Asset-Liability Committee (ALCO).
Chair and guide various subcommittees of ALCO: Asset Liability Modeling Committee, Deposit Pricing Committee, and Loan Pricing Committee.
Partner with the Financial Planning and Analysis, Capital, Liquidity, and Accounting teams to optimize Flagstar's balance sheet.
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:
Education level required: Undergraduate Degree (4 years or equivalent) in Finance, Mathematics, Economics, Engineering, or related field.
Minimum experience required: 15+ Years with progressive applicable experience at a financial institution, including 5+ years in quantitative risk modeling and measurement.
Preferred Qualifications:
Education level preferred: Master's Degree (or Postgraduate equivalent) in Finance, Mathematics, Economics, Engineering, or related field.
Job Competencies:
Comprehensive knowledge of supervisory expectations and industry best practices regarding interest rate risk and model risk management.
Knowledge of financial planning, capital management and corporate tax.
Strategic thinker with exceptional financial acumen.
Strong proficiency in financial modeling, forecasting, and financial analysis. Familiarity with bank balance sheets and products.
Demonstrated proficiency in data management and analysis.
Excellent communication and presentation skills, with the ability to distill complex financial information into clear and actionable insights.
Ability to work effectively in a fast-paced, dynamic environment.
Demonstrated ability to lead large, diverse teams.
Travel requirements: limited travel expected, up to 10%.
Physical demands (ADA): No unusual physical exertion is involved.
Flagstar is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, or national origin.
Apply Now