Senior Director, Market Risk & Analysis

Position: Senior Director, Market Risk & Earnings Analysis
Do you want to join a talented workforce that prioritizes equal opportunity within an inclusive culture
* Flexible hybrid workforce model:
Onsite three days a week and two days remote. We also offer remote flex days!
* Fantastic, competitive pay and total rewards
* Industry-high 401(k) match: up to 6% PLUS…an additional 4% contribution!
* Tuition reimbursement assistance:
To help you continue to develop personally and professionally.
* Student loan repayment assistance:
That’s right, we will help you repay outstanding student loans!
* Awesome Benefits Package:
Medical, dental, vision benefits and even pet (you read that right) insurance!
* Generous time off:
Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program* “Dress for your day” dress code:
You choose the appropriate work attire based on what your day looks like.
** Purpose****:
**** Specific Responsibilities****:
*** Head the Market Risk and Financial Forecasting functions within the ERM department by providing leadership, feedback, mentoring, and oversight of staff.
* Provide key thought leader on market risk data analytics and is responsible for supervising and making continuous improvement to regular market risk and income simulation reporting and governance.
* Assist the Chief Risk Officer in the monitoring of market risk and income simulation.
* Supervise a wide range of market risk processes related to interest rates, mortgage prepayments, instrument valuation, option cost, etc. as well as other enterprise needed developments.
* Communicate regularly with and conduct presentations to the Board of Directors, Senior Management, Internal Audit, and the Federal Housing Finance Agency, as requested and is adept at explaining highly technical concepts in an intuitive manner.
* Supervise annual and regular financial forecasting and income simulation processes and works closely with Senior Management and various business units.
* Play a key role in the implementation of the enterprise wide-stress testing and provides analytical support for the Bank’s Economic Risk Estimate.
* Ensure the production and quality of market risk reports and income simulation.
* Supervise ownership of Poly Paths and ALM/forecasting models
* Stay current with technical enhancements, methodologies, statistical, mathematical, and analytical/computational techniques, and trends related to market risk management. Research, understand, and implement next-generation analytical capabilities to ERM and market risk core functions to support market risk management understanding, regulatory testing, lines of business needs and model validation requirements such as model performance tracking methodologies and resolution of model validation findings.
* Implement, test, operate, and enhance a diverse range of market risk processes for subjects such as interest rates, mortgage prepayments, instrument valuation, option cost, etc. as well as other enterprise needed developments.
* Oversee the performance of financial model and quantitative analytics related to market risk and financial forecasting, including establishing proper performance monitoring, calibration, controls, timely remediation of model validation results.
* Develop and maintain effective partnerships with the Model Risk Management team, model users, business level management teams, Internal Audit, and the Federal Housing Finance Agency.
* Responsible for model performance results and takes ownership to mitigate model risk.
* Direct compliance with regulatory requirements, including Risk-Based Capital (reg requirement).
* Follow up on all regulatory and governance recommendations to ensure timely remediation.
* Understand and interpret current regulatory guidance (specifically FHFA’s Model Risk Management Advisory Bulletin 2013-07) and assists in complying with guidance to adhere to Bank-specific policies and procedures.
* Oversee quality assurance, SOX and related governance, and outlier analysis.
** Competencies****:
**** Position Requirements****:
*** An advanced degree, such as a PhD or Master’s, with a concentration in Quantitative Finance, Economics, Mathematics, Statistics, or some…