Interest Rate Risk Governance Analyst Sr at Flagstar Bank, N.A. in Lansing, Michigan

Job Description:

Position Title
Interest Rate Risk Governance Analyst Sr

Location
Nationwide, MI 48098

Job Summary
The Senior Interest Rate Risk Governance Analyst plays a key role in ensuring compliance with all related regulations and support preparation of key committee materials for interest rate risk. This analyst will assist with creating and maintaining policies, procedures, and model documentation related to interest rate risk management, aid in the development of insightful reporting, and participate in relevant exams and audits.

Pay Range:
$99,731.70 - $132,144.50 - $164,557.30

Job Responsibilities:

JOB RESPONSIBILITIES

• Act as lead Treasury contact and facilitator for various third-party engagements such as regulatory examinations, internal and external audit examinations, model risk management reviews, second line of defense requests, and other engagements external to Corporate Treasury.


• Support development and continuous improvement of relevant policies, procedures, and model documentation.


• Ensure compliance with all current internal policies and monitor new industry guidance for required improvements. Monitor, analyze and reconcile differences between regulatory requirements and current practices.


• Maintain calendar of Interest Rate Risk deliverables to various stakeholders and coordinate the delivery of required items.


• Assist in department project management as needed.

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 similar.


• Minimum experience required: 5+ Years as part of a team managing interest rate risk for a Category IV or larger banking institution.

Preferred Qualifications:

• Education level preferred: Master's Degree (or Postgraduate equivalent) in Finance, Mathematics, Economics, Engineering, or similar.


• Experience interacting with governing regulatory bodies for Category IV or higher institutions and involvement in oversight examinations.


• Project management experience.

Job Competencies:

• Extensive knowledge of model risk management, documentation, and controls expectations for a Large Bank.


• Knowledge of key interest rate risk regulations governing Category IV banking institutions.


• Strong problem solving & strategic thinking skills with the ability to identify problems and recommend solutions quickly.


• Strong written and verbal communication skills with ability to prepare presentations for senior management.


• Comfort in a fast-paced, complex environment; solves problems collaboratively through open and constructive discussion.


• Detail oriented, responsive, proactive, and collaborative. Fosters clarity, transparency, consistency, and widespread understanding across the business.


• An energetic, efficient, and resourceful team player. Takes ownership of work product and delivers within tight deadlines.


• Work autonomously and handle multiple projects simultaneously.


• 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.