Position Title

Commercial Banking Risk & Control Lead

Location

Nationwide, MI 48098

Job Summary

The Commercial Banking Business Risk & Controls (BRC) Lead will help to design, build, transform and implement a risk management framework and lead the ongoing identification, assessment, and measurement of the business line’s material risks and key controls. The BRIC Lead will bring expertise in regulatory requirements and experience in Commercial Banking & Lending networks and products. The Commercial Bank includes lending, finance, and banking focused on middle market Commercial & Industrial (C&I) companies. The organization also provides capital markets, foreign exchange and derivatives, and treasury management products and services.

This position supports the Corporate and Regional Commercial Banking strategy, the Bank’s ability to meet large bank regulatory heightened standards, and will provide 1st LOD leadership by ensuring prudent risk and compliance management which can permit the bank grow profitably.

Pay Range: $165,994 - $192,506 - $222,907Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

Risk Advisory Framework

Supports the Commercial Banking Risk & Control organization in the 1st LOD, and responsible for building a risk organization to support the Corporate and Regional Commercial Bank.

Supports the execution of a Non-Financial Risk Management framework for the Corporate and Regional Commercial Bank.

Exemplifies high level of acumen across Enterprise Risk stripes - Operational, Compliance, Strategic, Credit, Liquidity, Interest Rate, Price, and Reputational Risk.

Consistently executes a Risk Governance Framework subject to Bank regulatory heightened standards, including Risk Culture, Risk Appetite, Roles and Responsibilities, Risk Governance, Risk Assessment, and Risk Monitoring & Reporting.

Supports the development of, and consistently executes Risk & Control Self-Assessments, Issue Management, Internal Operational Risk Loss Events, External Risk Events, Control Identification and Design, and Quality Assurance programs.

Directly engages with Bank leaders on identified incidents and issues in root-cause analysis, action plans, supporting documentation and testing of implemented controls to effectively remediate findings or issues.

Conducts risk management assessment of new products and services, including enterprise change management programs, and can adeptly identify process improvement opportunities impacting the Corporate and Regional Commercial Bank.

Provides risk advisory and guidance leadership to the Business Process Owners including process and control design, early risk identification, control environment operating effectiveness, policies and procedures, vendor risk, model risk, and data governance.

Provides risk advisory and guidance on project initiatives, risk assessments, and risk remediation efforts impacting the Corporate and Regional Commercial Bank. 

Ensures Risk Management Frameworks are effective to manage risks associated with the Corporate and Regional Commercial Bank’s strategic plan and governed adequately to risk tolerance levels.

Bank Initiative Partner

Actively influences and engages in Enterprise Risk and Compliance forums and socializes with the Corporate and Regional Commercial Bank leaders.

Works closely with the following Business Unit partners: Enterprise Risk Management, Internal Audit, Regulatory Compliance, Regulatory Affairs, Business Process Owners, and Shared Services organizations.

Coordinates Internal Audits, Compliance Tests, and External Exams with Business Process Owners to ensure timely delivery and completeness of required documentation.

Facilitates requests for information and supporting research from business units and assists with and reviews final responses to audit requests.

Support interactions with the Bank’s regulators (including the OCC and FRB) and Internal Auditors.

Governance

Actively executes appropriate Business Unit Review Governance model and cadence for the Corporate and Regional Commercial Bank.

Ensures compliance with all Enterprise Risk Management policies and standards, and management of Enterprise Risks within the Bank’s risk appetite.

Implements risk management methodologies for Corporate and Regional Commercial Bank.   

Ensures key risk and control data, inventory, metrics, and reporting are established and actively monitored.

Ensures risk culture is imbedded across the Corporate and Regional Commercial Bank organization with appropriate training regimen.

Risk Advisory Guidance and Communication

Assists in the interpretation of complex regulatory requirements and effectively communicates the potential impact to affected business lines. 

Supports the development and implementation of regular communication methods to keep employees informed of policy, procedural and regulatory updates. 

Regularly evaluates assigned business unit processes and practices to ensure consistency with applicable regulatory requirements and expectations. 

Stay abreast of compliance and regulatory changes at Flagstar and within the industry to continue to act as a subject matter expert for advising and monitoring processes across the Corporate and Regional Commercial Banking organization.

Procedure & Process Management

Prepares comprehensive written reports and summaries communicating results of findings and highlighting overall business risk, where necessary.

Performs special projects related to risk identification and assessments, including gap analyses, where required.

Provides direction and expertise on development of sufficient documentation including policies, procedures, processes, and user guides to increase efficiencies, reduce errors and mitigate risk.

Ensures regulatory/compliance related requirements are embedded within Business Units procedures and user guides. 

Ensures ongoing / annual reviews of Risk procedures to ensure accuracy and compliance with policies.

Understands the current systems and their respective capabilities. 

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.

Required Qualifications:

Education level required: Undergraduate Degree (4 years or equivalent) in Finance, Economics, Business, Data & Analytics or similar.

Minimum experience required: 10+ Years of risk and internal controls experience.

Experience in Commercial Banking and associated Lending and Deposit products.

Experience in Treasury Management, Capital Markets, and Derivatives is a plus.

Proven experience leading and executing in change management environments, and building programs / frameworks from the ground up.

Experience in acquisition/integration environments.

Proven ability to partner effectively across all levels of the organization and develop positive working relationships.

Demonstrated ability to follow company policies, guidelines and procedures.

Strong attention to detail, highly organized, and ability to prioritize.

Demonstrated ability to maintain confidentiality using tact and diplomacy.

Excellent verbal and written communication skills and demonstrated success communicating with various levels within an organization.

Ability to analyze and assess the adequacy of operational controls and identify opportunities for process improvements.

Drives change in the organization and ability to handle complex change management while remaining risk disciplined.

Ability to think critically and logically.

Uses independent judgement and discretion to make decisions pertaining to risk governance, audit, compliance.

Analyzes and resolves problems pertaining to risk governance, audit, compliance.

Proactive self-starter with good people management skills and a strong work-ethic.

Travel Requirements may be required depending on location of hire.  If required, travel is not expected to be frequent.

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

Flagstar is an Equal Opportunity Employer

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

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.