Director – Capital Planning, Stress Testing

🔥 12 hours ago

🌽 Illinois – Remote

🌽 Illinois – Remote

💵 $174.2k - $298.5k / year

⏰ Full Time

🔴 Lead

👔 Director

🦅 H1B Visa Sponsor

This company has sponsored H1B visas in the past.

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Flagstar Bank

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

🛡️ Insurance

💼 Consulting

🏥 Healthcare

Insurance • Consulting • Healthcare

Flagstar Bank is a diversified commercial bank focused on building relationships to help clients on their financial journeys, whether for personal or business needs. The bank offers a wide range of financial services including personal and business banking, loans, mortgages, wealth management, and investment services. Flagstar is committed to community involvement and meeting the banking needs of diverse neighborhoods, including low- and moderate-income areas, while promoting diversity, equity, and inclusion within its operations.

📋 Description

• Lead the development, execution, and enhancement of the bank’s capital planning framework and governance processes • Oversee the bank’s stress testing program, including scenario design, modeling, and analysis • Ensure timely and accurate submission of regulatory capital plans, stress test results, and related documentation to the Federal Reserve and other regulatory bodies • Collaborate with finance, risk management, and business units to improve capital forecasting methodologies and ensure capital projections are accurate and integrated • Develop strategies for capital optimization while balancing regulatory expectations, risk exposure, and business growth objectives • Monitor evolving regulatory capital requirements, including Basel III/IV, the Federal Reserve’s tailoring framework for Category IV banks, and stress testing expectations • Engage with regulators regarding inquiries, examinations, and feedback • Ensure adherence to internal policies and governance frameworks • Lead quantitative and qualitative assessments of capital adequacy and maintain sufficient capital buffers under baseline and stressed conditions • Provide senior leadership with insights on capital trends, risks, and opportunities • Advise model development, validation, and ongoing enhancements for stress testing and capital forecasting models • Lead a team of capital planning and stress testing professionals • Collaborate with senior management, Treasury, Finance, Risk, and Business teams • Present capital planning results, stress test findings, and strategic recommendations to executive leadership and the Board of Directors • Manage employment, performance evaluations, staff development and training, disciplinary actions, succession planning, and compliance requirements • Perform special projects and additional duties as required • Adhere to regulatory and compliance policies, standards, and applicable federal, state, and local laws and regulations • Complete required compliance training

🎯 Requirements

• Undergraduate Degree (4 years or equivalent) in Finance, Economics, Mathematics, Business, or a related field • Minimum 12+ years of experience • Expertise in financial modeling, scenario analysis, and forecasting methodologies • Experience engaging with regulators and managing regulatory examinations • Experience working in a Category IV bank or a similar regulatory environment • Strong knowledge of regulatory capital requirements, including Basel III/IV, DFAST, and the Federal Reserve’s tailoring framework for Category IV banks • Comprehensive knowledge of industry, market, economic and regulatory developments as they relate to the overall impact to the Bank • Familiarity with liquidity risk management and resolution planning • Strong understanding of macroeconomic trends and their impact on capital adequacy • Exceptional leadership and communication skills, with the ability to present complex financial concepts in a simple manner to senior executives and regulators • Strong analytical and problem resolution skills • Ability to handle multiple tasks simultaneously and meet established deadlines • Ability to develop and maintain strong working relationships with all levels of management • Ability to train, delegate, motivate and review the work of his/her staff, as well as prioritize work assignments across the team • Travel requirements: 10% or less • No unusual physical exertion is involved

🏖️ 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