Capital Planning & Stress Testing Program Manager

This is a fully remote position, open to applicants in United States.

📋 Description

• Lead the stress testing and capital planning initiatives at Flagstar.

• Collaborate with cross-functional teams to gather and integrate necessary data and materials.

• Update and maintain capital planning documents, policies, and contingency strategies.

• Direct the design of internal stress test scenarios, focusing on specific risks.

• Supervise review and challenge sessions regarding forecasted results, including PPNR and credit losses.

• Conduct sensitivity analyses and apply the correct overlays.

• Prepare and submit regulatory stress testing reports along with the final capital plan.

• Create summaries of stress test outcomes and recommended capital actions for senior management and the Board.

• Carry out ad hoc capital analyses, including peer comparisons.

• Ensure the integrity of quality controls, data governance, data integrity, and compliance with risk management standards.

• Address data issues in collaboration with Data Governance teams.

• Assist in regulatory, risk, and internal audits and respond to findings.

• Manage examination requests, company resources, program risks, deliverables, planning, and resource allocation.

• Oversee talent management aspects, including hiring, performance assessments, employee development, disciplinary measures, and succession planning.

• Provide counsel to senior leadership regarding capital efficiency and risk mitigation strategies.

• Maintain governance of capital planning and ensure adherence to policies.

• Monitor changing regulatory expectations and best practices within the industry.

• Execute improvements in stress testing processes and model updates.

• Undertake special projects and additional responsibilities as necessary.

⛳️ Requirements

• Bachelor’s degree (4 years or equivalent) in Finance, Economics, Business, Mathematics, or a related discipline, or equivalent work experience in a similar field.

• Over 6 years of experience in financial risk management, capital planning, or stress testing.

• Participation in enterprise stress testing processes or the preparation of regulatory capital plans.

• Understanding of regulatory capital requirements and stress testing frameworks, including DFAST/CCAR and Basel III.

• Proficient in financial modeling and scenario analysis.

• Advanced skills in Excel.

• Capable of leading cross-functional projects or teams.

• Exceptional written and verbal communication abilities.

• Proficient in presenting complex financial analyses to senior executives.

• Strong analytical, problem-solving, detail-oriented, accurate, and prioritization skills.

• Preferred: Master’s degree or equivalent postgraduate qualification in Finance, Business Administration, Economics, or a related field, or a professional certification such as CFA or FRM.

• Preferred: Experience in a bank subject to regulatory stress testing and regulatory examinations.

• Preferred: Knowledge of data governance, model risk management, liquidity risk, resolution planning, data analysis tools, or statistical modeling.

• Travel requirements: 10% or less.

• Must adhere to applicable federal, state, and local laws and regulations.

🏝️ Benefits

• Medical insurance.

• Dental insurance.

• Vision insurance.

• Life insurance.

• Disability insurance.

• Comprehensive leave program.

• Variable incentives, bonuses, commissions, or other awards may be included in total compensation.