Director Interest Rate Risk Management

Director Interest Rate Risk Management

The Director of Interest Rate Risk Management leads a team responsible for measuring, analyzing, explaining, managing, and reporting on the market interest rate risk (IRR) exposure of Flagstar's balance sheet and business model. This leader provides key insight to executive management regarding the sources of IRR and proposes strategies to mitigate and manage exposures consistent with the Bank's appetite for risk. The Director leads a team of analysts in maintaining a detailed income and valuation simulation model and ensures the accuracy, timeliness, and integrity of data inputs, assumptions, and model results. The Director leads the development and continuous improvement of modeling methodologies for the quantification of Flagstar's interest rate risk for all components of the balance sheet and business model. This leader draws on a deep interest rate risk and fixed income modeling background to guide customer behavior studies and the analysis of large data sets.

$195,131.78 - $268,306.19 - $341,480.61

Job Responsibilities

• Oversee timely and accurate production of interest rate risk metrics including the sensitivity of earnings and the economic value of equity to changes in market interest rates.
• Evaluate the accuracy of model output, analyze results, and develop informative, accurate, and insightful reporting for various management committees and the Board of Directors.
• Generate forward-looking and expected future interest rate risk exposure conditioned upon internal balance sheet forecasts.
• Design and execute large customer behavior data studies to inform model development.
• Develop and refine model assumptions, including prepayment models for loans and balance migration and repricing models for deposits.
• Ensure compliance with model validation and risk control frameworks, including model back testing, sensitivity analysis, and documentation.
• Propose potential modeling approaches and enhancements, and adjustments to balance sheet segmentation to improve model performance.
• Collaborate with teams within and outside Treasury such as Financial Planning & Analysis, Liquidity, Credit, the various Lines of Business, Risk, Audit, Model Risk Management, and External Reporting.
• 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

Required Qualifications

Preferred Qualifications

Job Competencies

Flagstar is an Equal Opportunity Employer

Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program.