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Rate Trading / Analytics Analyst
Flagstar Bancorp
Troy, MI, United States
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Position Title Rate Trading/Analytics Analyst
Location Headquarters-Troy, MI
Job Summary Works under minimal supervision with a great deal of autonomy performing analysis of complex financial data related to a multi billion dollar mortgage portfolio. Responsible for analyzing and quantifying hedge effectiveness, quantifying margin pull-thru and communicating factors impacting margin to Senior Management. Manages the trade blotter, act as Accounting and Counterparty Liaison to ensure trades are correctly entered and executed properly. Manages the margin call process and acts as Treasury and Counterparty Liaison to settle any discrepancy in funds being exchanged. Establishes a daily Counterparty Trading Summary and integrates with company wide Consolidated Counterparty Risk Summary. Assists in the review and quantification of changes to underlying QRM model assumptions. Maintain Change and Control log for Audit Compliance and Review.
Job Responsibilities:
• Prepare daily Mark to Market and report daily P&L for senior management utilizing data from Business Intelligence and Data Warehouse using Excel and Hyperion Interactive Reporting Studio.
• Utilize the Quantitative Risk Management (QRM) system to maintain an accurate trade blotter and track hedges and delivery obligations.
• Prepare daily Margin Call to maintain counterparty accounts at current market levels. Report prepared with SQL queries and Excel.
• Keep up to date with current valuation factors from internal and external sources.
• Perform ad hoc analysis to track changes in P&L due to updates of valuation factors.
• Ensure compliance with applicable federal, state and local laws and regulations. Complete all required compliance training. Maintain knowledge of and adhere to Flagstar's internal compliance policies and procedures. Take responsibility to keep up to date with changing regulations and policies.
Job Requirements:
• Bachelor’s Degree in Accounting or Finance – OR – 3+ years of reporting experience, analytics experience, or a combination of both is required
• 3 years of combined experience in analytics, trading and/or finance in the mortgage industry
• Microsoft Excel spreadsheets - manipulating importing and exporting data
• Knowledge and understanding of Mortgage Data Analysis
• Strong analytical skills with attention to detail and accuracy
Internal Use Only: Band G