Financial Modeling & Analytics Manager Sr at Flagstar Bank, N.A. in Albany, New York

Job Description:

Position Title
Financial Modeling & Analytics Manager Sr

Location
New York/1400 Broadway/114025

Job Summary
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

Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

• 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.

• 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.