-

Sr Director - Balance Sheet Management

Location Hicksville, New York, United States of America Category Corporate Functions
Apply Now
JOB DESCRIPTION

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, 776Pay 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. 

Close the popup
Apply Now

Get notified for similar jobs

You'll receive updates once a week

Similar Jobs

  • Accounting Manager Senior

    Job Id 16762 Category Corporate Functions Location Hicksville, New York, United States of America

    This position will be responsible for developing and maintaining accounting principles, practices and procedures to ensure accurate and timely financial statements. The Accounting Senior Manager super...

  • ERM Issue Management Analyst

    Job Id 16479 Category Corporate Functions Location Hicksville, New York, United States of America

    Document business requirements and performing UAT testing for the GRC tool to support the integration of the issue management framework into risk management processes across the organization. Execute...

  • Divisional Chief Financial Officer

    Job Id 17213 Category Corporate Functions Location New York, New York, United States of America

    Leads a team of dedicated finance and business intelligence professionals who engage with the President of the LOB and their senior leadership team on the strategic direction of the LOB, and play an a...

  • Information Technology Audit Manager

    Job Id 16497 Category Corporate Functions

    The Internal Audit Data Analytics Manager is responsible for managing direct reports and leading data-based audits and data analytics within Flagstar Bank. Responsible for: managing multiple organizat...

  • Sr. Internal Audit Manager

    Job Id 17026 Category Corporate Functions Location New York, New York, United States of America

    Responsible for: overseeing and managing multiple organizational audits; developing and maintaining positive relationships with auditees; coordinating with Flagstar Internal Audit leadership and staff...

  • Senior Internal Audit Auditor

    Job Id 17036 Category Corporate Functions

    As needed, assist department manager and designated employees with: The audit planning process, including announcement memo, audit scope and planning, opening meeting, and work paper assignments under...

  • Sr. Internal Audit Auditor

    Job Id 17207 Category Corporate Functions

    Review results with management and assist in communications on the systems of internal controls to ensure that internal controls are adequate and effective, comply with internal policies and procedure...

  • Sr Counsel - CRE Commercial Restructuring

    Job Id 16901 Category Corporate Functions Location New York, New York, United States of America

    As the senior restructuring attorney, will be the primary resource for the business units regarding review and management of legal matters relating to restructuring and workout of commercial real esta...

  • Sr. Internal Audit Auditor

    Job Id 16993 Category Corporate Functions Location Hicksville, New York, United States of America

    As needed, assist department manager and designated employees with: The audit planning process, including announcement memo, audit scope and planning, opening meeting, and work paper assignments under...

No recommendations found

Jobseekers Also Viewed

  • Financial Consultant

    Job Id 16854 Category Consumer Banking Location Portage, Michigan, United States of America

    Variable Annuity - *If not held at time of hire, incumbent must obtain the above listed licenses within 30 days of passing Series 63 exam. Series 7 - *If not held at time of hire, incumbent must obtai...

  • Branch Banking Client Consultant I (Part Time)

    Job Id 16971 Category Consumer Banking Location Jackson, Michigan, United States of America

    A Branch Banking Client Consultant I provides customers with high quality, prompt, and professional financial services. Responsible for interacting with clients and providing exceptional service by gr...

  • Commercial Banking Senior Relationship Manager (Phoenix, AZ)

    Job Id 16516 Category Commercial & Private Banking Location Phoenix, Arizona, United States of America

    Credit Quality: Working with assigned portfolio managers, ensure pro-actively monitoring credit quality of portfolio through timely financial statement gathering, monitoring client’s compliance with o...

  • Branch Banking - Client Consultant I - Float

    Job Id 16876 Category Consumer Banking Location New Haven, Indiana, United States of America

    A Branch Banking-Client Consultant I - Float travels between assigned branches in order to provide customers with high quality, prompt, and professional financial services. Responsible for interacting...

  • Branch Banking Client Consultant I (Part Time)- Float

    Job Id 16973 Category Consumer Banking Location Battle Creek, Michigan, United States of America

    A Branch Banking-Client Consultant I-Float travels between assigned branches in order to provide customers with high quality, prompt, and professional financial services. Responsible for interacting w...

No recommendations found