Risk Oversight Team Lead
Flagstar Bank FSB

Job Summary
The Risk Oversight group is part of the Enterprise Risk Management, and its main responsibility is to manage the Bank's market, liquidity and strategic risk(s) as a second line of defense activity. The Risk Oversight Team Lead will lead and manage the daily activities of the team.

Job Responsibilities:

• Lead and perform daily and monthly reporting in support of market and liquidity risk oversight responsibilities. The task requires gathering relevant data on a daily basis and constructing data sets to help identify any emerging risk trends. Intermediate to Advance knowledge of math behind fixed income products is essential.
  • Daily Monitoring of Treasury, Secondary operations market risks.
  • Daily Monitoring of Mortgage Servicing Rights (MSR) Hedge Profit and Loss.
• Identify and measure risk. Communicates risk to decision makers, recommends risk management strategies, provides effective challenge and evaluates risk management performance.
  • Liquidity stress testing assumption review and effective challenge.
  • Interest Rate risk assumption review and effective challenge.
  • Secondary Marketing assumption review and effective challenge.
• Increases transparency of market risk assessments and strategies by developing effective analysis and communications on risk for ALCO, ERMC and Risk Committee of the Board.
• Ensures Contingency Funding Plan clearly sets out strategies for addressing liquidity shortfalls in emergency situations, range of environments, clear lines of responsibility and escalation procedures.
• Provides ongoing continuous monitoring over the strategic risks to ensure that stated objectives are being met.
• Facilitate annual Risk and Control Self Assessment (RCSA) for each Treasury and Secondary Marketing Business Units and challenge results.
• Support Treasury and Secondary Marketing Business Units in the documentation of risk treatment plans for risks identified through RCSAs or results of KRIs.
• Advise Treasury and Secondary Marketing Business Units in the documentation of self-identified issues and action plans when gaps are identified.
• Advise Treasury and Secondary Marketing Business Units in the identification and documentation of new Operational Losses including root cause analysis.
• Support Treasury and Secondary Marketing Business Units in the documentation of risk treatment plans for risks identified through RCSAs or results of KRIs.
• Support Internal Audits and regulatory exams by attending meetings, perform process walkthroughs and also providing evidence as requested.
• Performs special projects, and additional duties and responsibilities as required.
• Ensure compliance with applicable federal, state and local laws and regulations. Complete all required compliance training. Maintain knowledge of and adhere to Flagstar's internal compliance policies and procedures. Take responsibility to keep up to date with changing regulations and policies.

Job Requirements:

• Bachelors Degree Finance, Mathematics, Economics Required
• Specialized Training: Financial Risk Manager "FRM" or CFA Charter
• 3 - 5 years of experience in finance or capital markets industry. Strong quantitative skills required.
• Excellent math and analytical skills.
• Excellent knowledge of financial analysis modeling.
• Strong knowledge of banking, finance, capital markets, statistics, accounting and economics.
• Strong understanding of fixed income instruments
• Strong quantitative skills
• Demonstrated critical thinking and analytical skills
• Outstanding written and verbal communications skills
• Demonstrated leadership skills
• Ability to lead and work in teams, handle multiple projects simultaneously and consistently meet deadlines
• Strong organizational skills with close attention to detail
• Ability to multi task and work in a fast-paced environment.
• Ability to manage projects and meet established deadlines.
• Ability to maintain confidentiality.
• Computer literate with expert proficiency in spreadsheet, database applications and power point.

Internal Use Only: Band E

This job has expired.