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The analyst will develop and maintain quantitative financial models for risk measurement, income simulations, and asset valuations. They are also responsible for analyzing model outputs and communicating actionable recommendations to senior management and the Board.
Position Title
Quantitative Financial Analyst IILocation
Work From Home MI, MI 48098Job Summary
The Quantitative Financial Analyst II is a key member of the Treasury team, advancing Flagstar’s understanding of its customers, balance sheet, and risk exposures. The Analyst uses advanced quantitative and technical skills to produce insightful reporting, analysis, and recommendations that enables sound and profitable risk management and strategic decisions. The Analyst may have assignments related to interest rate risk measurement and management, liquidity risk measurement and management, asset valuation, asset profitability analysis, loan and deposit product pricing, and hedging portfolio performance analysis.Job Responsibilities:
JOB RESPONSIBILITIES
Development and maintenance of quantitative financial models used in risk measurement, income simulations, balance sheet management, or asset valuations.
Analysis of model output, synthesis of information, and communication of conclusions and recommendations in a clear and concise manner to senior managers, executives, and the Board.
Testing of established models, including back-testing, benchmarking, sensitivity testing, and scenario analysis.
Develop automated solutions to simplify challenging and repetitive processes.
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 (Computer, Systems, Electronics, Electrical), or similar.
Minimum experience required: 1+ Years mastery of quantitative fixed income and financial concepts, programming and financial modeling.
Job Competencies:
Knowledge of finance concepts.
Solid understanding of statistics and quantitative methods preferred.
Understanding of fixed income securities and analytics preferred.
Proven experience with object oriented and/or relational database programming preferred.
Excellent analytical skills.
Strong written and oral communication skills, a clear, concise expository style.
Advanced interpersonal relations skills.
Strong project management skills.
Demonstrated ability to work cooperatively, prioritize and multi-task within in a team- oriented and fast-paced environment.
Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.
Travel Requirement: None.
Physical demands (ADA): No unusual physical exertion is involved.
Flagstar is an Equal Opportunity Employer
We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank
Pay Range
$68,788.50 - $106,262.00Qualified applicants with arrest or conviction records will be considered for employment in accordance with the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance, and the San Francisco Fair Chance Ordinance, as appliable.
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