Flagstar Bank

It plays a crucial role in development policy, stress testing, and reporting, contributing to the overall stability and resilience of financial institutions in the face of liquidity stress.. The Enterprise Risk Management (ERM) Liquidity and Funding Risk Oversight Manager (LFROM) plays a crucial role in mitigating liquidity risk by providing independent validation and challenge to the first line's activities.. The LFROM also ensures that liquidity stress testing methodologies are robust and that results are appropriately interpreted and actionable, and also establish a framework around the integrity of liquidity risk data utilized by the Treasury and ERM and develop the ability to adeptly assemble and analyze risk data for both sources and uses of funding.. CTP, CFA, FRM certifications. Knowledge and experience with audit practices, contingent funding plan (CFP), asset and liability management (ALM), treasury management is highly desirable.

liquidity

Position Title Liquidity & Funding Risk Oversight Mgr Location NYCB Plaza - 100 (Hicksville, NY) Job Summary JOB SUMMARY Liquidity risk management is a critical aspect of financial institutions' operations, and effective second line oversight is essential to mitigate this risk. By providing independent validation, challenge, and oversight, the second line of defense ensures that liquidity risk is appropriately identified, measured, and managed. It plays a crucial role in development policy, stress testing, and reporting, contributing to the overall stability and resilience of financial institutions in the face of liquidity stress. The Enterprise Risk Management (ERM) Liquidity and Funding Risk Oversight Manager (LFROM) plays a crucial role in mitigating liquidity risk by providing independent validation and challenge to the first line's activities. The LFROM ensures that risk management practices are consistent with regulatory requirements, industry best practices, and the institution's risk appetite. This position will work in conjunction with senior managers across the Company to proactively monitor complex processes performed by multiple department(s) and channel(s), including providing input on comprehensive written reports and summaries for Executive Management communicating results of findings and highlighting overall business risk. Additionally, this position will identify, escalate and champion liquidity risk management improvement opportunities within a matrix environment and partner with business process owners to conduct operational control and regulatory self-testing. Pay Range: $105,900.00 - $160,238.00 - $203,100.00 Job Responsibilities: JOB RESPONSIBILITIES <ul><li>Risk Identification and Measurement (40%): As a second-line function, ERM is responsible for identifying and assessing potential liquidity risks within the financial institution. This involves monitoring and analyzing various liquidity indicators, such as funding sources, cash flows, and market conditions. By providing an independent assessment, ERM oversight helps to ensure accurate risk measurement and identification of potential vulnerabilities. The LFROM performs independent analysis on the assumptions to ensure independent viewpoint and effective challenge(s). Performs risk assessments and gap analyses over liquidity and funding risks. The LFROM also ensures that liquidity stress testing methodologies are robust and that results are appropriately interpreted and actionable, and also establish a framework around the integrity of liquidity risk data utilized by the Treasury and ERM and develop the ability to adeptly assemble and analyze risk data for both sources and uses of funding.</li><li>Policy and Framework Development (30%): ERM oversight contributes to the development and enhancement of liquidity risk management policies, procedures, and frameworks. It helps establish appropriate risk limits, liquidity buffers, and contingency plans, aligned with the institution's risk appetite and regulatory requirements. These policies provide clear guidance to the first line of defense on managing liquidity risk effectively. The LFROM, ensures alignment with the firm's risk appetite statement, reviewing and signing-off on changes to the firm's liquidity risk limit framework, evaluating sizing of limits and limit calibration approach. The LFROM will also develop and implement liquidity risk governance policies and procedures, with a focus on liquidity risk stress testing, scenario design, and liquidity risk measurement. Includes effective challenge over assumptions and analysis of whether primary risks are appropriately captured.</li><li>Reporting and Communication (30%): Effective communication and reporting are vital for ERM oversight to ensure that key liquidity risk-related information reaches the appropriate stakeholders, including senior management and the board of directors. This includes regular reporting on liquidity risk exposures, emerging trends, and any necessary remedial actions. Transparent communication helps facilitate informed decision-making and accountability. The LFROM investigates and prepares periodic commentary for risk reports including stress / Liquidity coverage changes, balance sheet changes and indicator breaches. Provide assistance as required with production of all liquidity and funding reports.</li><li>Performs special projects, and additional duties and responsibilities as required.</li><li>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.</li></ul> REQUIRED QUALIFICATIONS <ul><li>Education level required: Bachelors in in areas of Accounting/Business, Finance, Mathematics/Statistics, Computer Science, or Engineering (or a similar discipline).</li><li>Minimum experience required: 8 years in financial, accounting, consulting or risk management in the securities industry.</li></ul> PREFERRED QUALIFICATIONS <ul><li>CTP, CFA, FRM certifications</li></ul> JOB COMPETENCIES <ul><li>Knowledge and experience with audit practices, contingent funding plan (CFP), asset and liability management (ALM), treasury management is highly desirable.</li><li>Knowledge of current regulatory Liquidity Risk Management Guidance and Basel III liquidity proposals.</li><li>Strong communication skills with ability to articulate complex issues to management.</li><li>Ability to work effectively and independently and in multi-disciplinary teams.</li></ul>

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