Head of Consumer Bank Portfolio Management

Job not on LinkedIn

🔥 3 hours ago

🗽 New York – Remote

🗽 New York – Remote

💵 $185.2k - $310.9k / year

⏰ Full Time

🔴 Lead

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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

• Own the economics of the consumer deposit portfolio across products and segments, including cost of funds, mix strategy, deposit growth, retention, and margin • Set the multiyear direction for deposit pricing and management • Own rate strategy for standard pricing, promotional offers, and exception pricing • Present rate recommendations to pricing governance forums and executive audiences • Own consumer deposit portfolio P&L, including interest expense, net interest income, product and segment contribution, and performance against plan • Establish interest expense attribution and reconciliation with Finance and Treasury • Own deposit balance and rate forecasts, retention projections, assumptions, and scenario analysis • Build a forecasting capability controlled by the function • Lead insights and analytics covering price elasticity, behavioral segmentation, competitive and market insight, and portfolio reporting • Direct data science and modeling for deposit behavior, rate sensitivity, retention, and balance migration • Establish portfolio performance frameworks tracking cost of funds, acquisition, augmentation, and attrition • Build and lead the function across pricing, P&L management and forecasting, and insights and analytics • Establish accountability with Finance, Treasury, and enterprise data teams • Manage talent, including hiring, performance evaluations, development, disciplinary actions, succession planning, and compliance • Perform special projects and additional duties as required • Maintain compliance with applicable laws, regulations, and policies

🎯 Requirements

• Undergraduate Degree (4 years or equivalent), or equivalent work experience • 12+ years in deposit pricing, treasury, balance sheet management, or a related finance discipline • Leadership of pricing, P&L management, forecasting, and analytical work for a consumer deposit portfolio • Command of deposit economics, including cost of funds and net interest income • Ownership of a portfolio P&L, including interest expense, net interest income, product and segment contribution, and variance to plan • Ownership of balance and rate forecasts, scenario construction, and supporting analysis • Direction of analytical work, including price elasticity, behavioral segmentation, modeling, and performance analysis • Fluency in deposit pricing across product and segment • Experience presenting pricing and forecasting recommendations to executive and governance forums • Experience building and leading a multidisciplinary function spanning pricing, forecasting, and analytics • Occasional travel required • Ability to comply with regulatory and compliance policies and standards • Advanced degree in finance, economics, statistics, or a related quantitative field preferred • Banking or financial services experience preferred • Experience building deposit portfolio management, P&L, or analytical functions preferred • Experience establishing interest expense attribution or funds transfer pricing logic preferred • Familiarity with deposit behavioral modeling and price elasticity preferred

🏖️ 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