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Quantitative Financial Analyst II

Role overview

Qualifications

  • Undergraduate Degree in Finance, Mathematics, Economics, Engineering or similar
  • 1+ Years of experience in quantitative fixed income and financial concepts
  • Proven experience with object oriented and/or relational database programming
  • Excellent analytical skills

Responsibilities

  • Development and maintenance of quantitative financial models for risk measurement and asset valuations
  • Analysis of model output and communication of conclusions to senior managers and executives
  • Testing of established models, including back-testing and scenario analysis
  • Develop automated solutions to simplify challenging processes

Key facts

Hard skills

Other skills

  • Communication
  • Analytical Skills
  • Social Skills

About the company

Flagstar Bank logo

Flagstar Bank

Banking

Thank you for visiting Flagstar Bank on LinkedIn, and we look forward to being part of your financial journey. On December 1, 2022, New York Community Bank (NYCB) and Flagstar Bank joined together to become one company. Today, New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The company is headquartered in Hicksville, New York, with regional headquarters in Troy, Michigan. The combined company has assets of nearly $90 billion. Together, we operate almost 390 branches across 10 states, including strong footholds in the Northeast and Midwest with exposure to high growth markets in the Southeast and on the West Coast. Its Flagstar Mortgage Division operates a national residential mortgage business through more than 80 retail home lending offices and a wholesale network of 3,000 third-party mortgage originators. We believe in cultivating a diverse, inclusive, and respectful workplace that engages employees, broadens perspectives, and encourages teamwork. We hire people who represent the talents, experiences, backgrounds, and diversity of the communities we serve. Together our goal is to deliver a new energy in banking to our customers, opening new doors for financial and personal success. Customers will have access to a broad spectrum of technology, products and services—all with a shared customer-first approach. Relationships are at the center of all that we do, enhanced by our commitment to delivering local market expertise, personalized solutions, and a long-standing focus on strengthening our communities. Follow us on LinkedIn to stay up to date on news and updates, new hires, community initiatives, access to our collective insights, and banking industry updates that you need to know.

Company details

Company typeXLarge
IndustryBanking
Company size5001 - 10000

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Job description

Position Title

Quantitative Financial Analyst II

Location

Work From Home MI, MI 48098

Job Summary

The Quantitative Financial Analyst II is a key member of the Treasury team, advancing Flagstar’s understanding of its customers, balance sheet, and risk exposures. The Analyst uses advanced quantitative and technical skills to produce insightful reporting, analysis, and recommendations that enables sound and profitable risk management and strategic decisions. The Analyst may have assignments related to interest rate risk measurement and management, liquidity risk measurement and management, asset valuation, asset profitability analysis, loan and deposit product pricing, and hedging portfolio performance analysis.

Job Responsibilities:

JOB RESPONSIBILITIES

  • Development and maintenance of quantitative financial models used in risk measurement, income simulations, balance sheet management, or asset valuations. 

  • Analysis of model output, synthesis of information, and communication of conclusions and recommendations in a clear and concise manner to senior managers, executives, and the Board. 

  • Testing of established models, including back-testing, benchmarking, sensitivity testing, and scenario analysis. 

  • Develop automated solutions to simplify challenging and repetitive processes. 

ADDITIONAL ACCOUNTABILITIES 

  • 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 trainings.  Accountable to maintain compliance with applicable federal, state and local laws and regulations.  

JOB REQUIREMENTS  

Required Qualifications: 

  • Education level required: ​Undergraduate Degree (4 years or equivalent)​ in Finance, Mathematics, Economics, Engineering (Computer, Systems, Electronics, Electrical), or similar. 

  • Minimum experience required: ​1+ Years​ mastery of quantitative fixed income and financial concepts, programming and financial modeling. 

Job Competencies: 

  • Knowledge of finance concepts. 

  • Solid understanding of statistics and quantitative methods preferred. 

  • Understanding of fixed income securities and analytics preferred. 

  • Proven experience with object oriented and/or relational database programming preferred. 

  • Excellent analytical skills. 

  • Strong written and oral communication skills, a clear, concise expository style. 

  • Advanced interpersonal relations skills. 

  • Strong project management skills. 

  • Demonstrated ability to work cooperatively, prioritize and multi-task within in a team- oriented and fast-paced environment.

  • Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results. 

  • Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience. 

  • Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders. 

  • Travel Requirement:  None. 

  • Physical demands (ADA):​No unusual physical exertion is involved.​ 

Flagstar is an Equal Opportunity Employer


We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank

Pay Range

$68,788.50 - $106,262.00

Qualified applicants with arrest or conviction records will be considered for employment in accordance with the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance, and the San Francisco Fair Chance Ordinance, as appliable.

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Marcus Rivera

Chief Revenue Officer

m.rivera@company.com
linkedin.com/in/marcusrivera
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