Note: The job is a remote job and is open to candidates in USA. Flagstar Bank is a financial services institution offering banking products and services. The Senior Deposit Portfolio Manager leads end-to-end ownership of either Forecasting and Analytics or Performance Management, developing models, managing methodologies, and delivering accurate outputs for deposit pricing and planning decisions. The role also presents recommendations to stakeholders and maintains cross-functional data and governance relationships.
Responsibilities
- Owns the assigned domain end to end and is accountable for the accuracy and quality of its outputs
- In Forecasting and Analytics: owns the balance and rate forecast, the assumptions and scenarios behind it, and the analyses that inform pricing decisions
- In Performance Management: owns the performance framework and the tracking of cost of funds, acquisition, augmentation, and attrition against plan
- Exercises independent judgment on methodology, assumptions, and analytical approach, and defends those decisions under review
- Builds, maintains, and continuously improves the models, behavioral reads, and scenario work the domain depends on
- Directs the analytical approach within the domain and sets the quality standard the work must meet
- Turns large, imperfect data sets into defensible outputs that pricing and planning decisions can rely on, and improves the analytical foundation as data quality matures
- Operates and extends the tools and methodologies used by the function, including those transferred from the external partner, and adapts them as market conditions and business needs change
- Owns the documentation of methodology and process so the capability resides within the team rather than with a vendor
- Identifies gaps in the current toolset and recommends improvements to senior leadership
- Produces the reporting and recommendations that feed pricing and planning decisions and the governance forums, in a form that a non-technical audience can act on
- Presents findings and recommendations to internal stakeholders and defends the analytical approach and conclusions under challenge
- Maintains working relationships with Finance and Data and Analytics to ensure actuals, canonical data, and reconciliation inputs are accurate, timely, and consistently defined across functions
- Resolves methodology and data disagreements with partner functions and escalates unresolved issues with a recommended path forward
- Uses independent judgement and discretion to make decisions
- Analyzes and resolves problems
- 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 training. Accountable to maintain compliance with applicable federal, state and local laws and regulations
Skills
- Education level required: Undergraduate Degree (4 years or equivalent) in Finance, Economics, Statistics, or a related quantitative field, or equivalent work experience
- Minimum experience required: 8+ years in deposit pricing, forecasting, financial analysis, or a related quantitative finance discipline
- Demonstrated hands-on command of quantitative analysis and financial modeling applied to a deposit or balance sheet portfolio
- Demonstrated ability to own a forecast or performance model end to end, including assumptions, methodology, and output defense
- Fluency in deposit or banking economics, including balances, rates, cost of funds, and the levers that move them
- Advanced degree in Finance, Economics, Statistics, or a related quantitative field
- Banking or financial services experience, particularly consumer deposits
- Experience with deposit forecasting, behavioral modeling, or price elasticity analysis
- Experience operating a model or tool transferred from an external partner and extending it independently
Benefits
- Access to medical, dental, vision, life, and disability insurance
- A comprehensive leave program
- Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment
Company Overview
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