Quantitative Financial Analyst III - FTP & ALM - 15985_WA

$71,600 - $87,947/Yr

Flagstar Bank - Tumwater, WA

Full-time - Mid Level

Remote - Tumwater, WA

Credit Intermediation and Related Activities

About the position

The Quantitative Financial Analyst III - FTP & ALM position at Flagstar Bank is a pivotal role within the Treasury team, focusing on enhancing the bank's understanding of its customers, balance sheet, and associated risk exposures. This role requires the application of advanced quantitative and technical skills to generate insightful reporting, analysis, and recommendations that facilitate effective risk management and strategic decision-making. The Analyst will engage in various assignments related to funds transfer pricing, interest rate risk measurement and management, liquidity risk measurement and management, asset valuation, asset profitability analysis, and fixed income investment portfolio management. In this role, the Analyst will be responsible for the development and maintenance of financial models that are crucial for funds transfer pricing, risk measurement, income simulations, balance sheet management, and asset valuations. The position demands a high level of analytical capability, as the Analyst will analyze model outputs, synthesize information, and communicate conclusions and recommendations clearly and concisely to senior managers, executives, and the Board. Additionally, the Analyst will be tasked with testing established models through back-testing, benchmarking, sensitivity testing, and scenario analysis, ensuring the robustness and reliability of the financial models used. Moreover, the Analyst will be expected to develop automated solutions to streamline challenging and repetitive processes, thereby enhancing efficiency within the Treasury team. This position is designed for individuals who possess a strong foundation in finance concepts, statistics, and quantitative methods, and who are adept at working in a collaborative, fast-paced environment.

Responsibilities

• Development and maintenance of financial models used in funds transfer pricing, 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

Requirements

• Bachelor's Degree with 6+ years of experience or Master's Degree with 2+ years of experience
• Excellent analytical skills; strong written and oral communication skills, a clear, concise expository style, and advanced interpersonal relations skills
• Strong project management skills; demonstrated ability to work cooperatively, prioritize and multi-task within a team-oriented and fast-paced environment
• Mastery 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.

Nice-to-haves

• ALM software experience (QRM, Empyrean, Moody's, etc.)
• Funds transfer pricing (FTP) experience in model development, implementation, and validation