Job Information
Flagstar Bank Director Liquidity Stress Testing & Modeling in Jackson, Mississippi
This is a Job Description for a Director Liquidity Stress Testing & Modeling in Jackson, Mississippi
Summary: The Director of Liquidity Stress Testing & Modeling reports to the Head of Liquidity Management and leads a team responsible for developing monitoring and testing plans, conducting testing activities, analyzing testing results, and implementing improvements to ensure compliance with applicable laws and regulations.
Duties & Responsibilities:
Lead development and ownership of models used for liquidity risk stress testing and various other related reporting. Support identification and management of data sources used for liquidity. Perform analysis and review of internal liquidity risk stress testing related assumptions. Ownership of all documentation for internal liquidity risk stress testing, including risk taxonomy, scenario design, assumption methodology, model documentation reporting, model process/procedures. Support quantitative deliverables related to liquidity risk reporting for risk appetite measures, limits as well as ad hoc requests. Develops staff members and implements strategies to optimize operational efficiency within the liquidity management function. Responsible for talent management functions including: employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.
Requirements
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Education level required: Undergraduate Degree (4 years or equivalent) in Finance, Mathematics, Economics, Engineering, or similar. Minimum experience required: 12+ Years with Liquidity Risk modeling for a Cat IV or larger banking institution. In depth knowledge of key liquidity regulations governing Category IV banking institutions such as Reg YY, FR 2052a, SR Letter 12-7, SR Letter 10-6, and SR Letter 12-17. Regular interaction with governing regulatory bodies for Category IV or higher institutions and involvement in oversight examinations.
Equal Opportunity/Affirmative Action Employer.