Position Title

Treasury Management Business Risk & Controls Lead

Location

Beverly Hills, CA 90212

Job Summary

The Treasury Management Business Risk and Controls Lead will be responsible for ensuring successful adherence and implementation of a 1st Line of Defense (1st LOD) risk management framework and lead the ongoing identification, assessment, and measurement of the business line’s material risks and key controls. The TM Risk & Controls Lead in this 1st Line of Defense (1st LOD) role will bring expertise in regulatory requirements and risk experience in Commercial & Private Banking, as well as in Treasury Management and Payment Solutions businesses.

• The Private Bank consists of Private Client Groups (PCGs) who are highly specialized in providing white glove service to High Net Worth and Commercial clients by offering Deposit products, lending, and products and services from Flagstar’s broader offerings.

• 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.

• Treasury Management provides sales and product support to the Commercial and Private Banks including receivables and payables solutions and cash management optimization tools.

This leader will collaborate with colleagues in Enterprise Risk Management and Compliance (2nd LOD), Internal Audit (3rd LOD), and External Regulatory Agencies. This position is critical to supporting Flagstar’s the Commercial & Private Banks’ strategies, 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: $128,856 - $146,349 - $167,711Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

Risk Advisory

At the direction of the Business Risk & Controls Officer (BRCO) for Commercial Deposit & Payments Solutions (CDPS), act as the designated point of contact within 1LOD for assigned Risk programsExecute essential risk program functions, including Risk & Control Self Assessments (RCSA), Key Risk Indicators (KPIs), Issue Management, Operational Losses reporting and more.consistently executes a Non-Financial Risk Management framework.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 for the Treasury Management businesses, including Risk Culture, Risk Appetite, Roles and Responsibilities, Risk Governance, Risk Assessment, and Risk Monitoring & Reporting.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.Leads and drives risk management assessment of new products and servicesProvides 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 leadership on project initiatives, risk assessments, and risk remediation efforts impacting the Business Units. 

Bank Initiative Partner

Actively influences and engages in Enterprise Risk and Compliance forums and socializes with Treasury Management leaders.Directly interacts with the Bank’s 2nd Line of Defense and Internal Auditors.Works closely with the following Business Unit partners:, Enterprise Risk Management, Internal Audit, Regulatory Compliance, , 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.

Governance

Consistently executes Business Unit Review Governance model and cadence for Treasury Management Business Unit.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 Treasury Management Business Unit.   Ensures key risk and control data, inventory, metrics, and reporting are established and actively monitored.Ensures risk culture is imbedded across the Treasury Management organizations with an 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 and training 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. Stays abreast of compliance and regulatory changes at Flagstar and within the industry to continue to act as a risk subject matter expert for advising and monitoring processes across the Business Units.

Procedure & Process Management

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. 

ADDITIONAL ACCOUNTABILITIES

Performs special projects related to risk identification and assessments, including gap analyses, where required.Prepares comprehensive written reports and summaries communicating results of findings and highlighting overall business risk, where necessary.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.

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, Economics, Business, Data & Analytics or equivalent experience.Minimum experience required: 6+Years of risk and internal control experienceExperience in one of the following banking specialties determined by the position;Private Banking and associated deposit and lending productsCommercial Banking and associated lending and deposit products, particularly within Treasury Management, Payments Solutions, and/or Government BankingLarge Bank experience  Proven ability to lead and execute in change management environments, and has built programs / frameworks from the ground upExperience in acquisition / integration environments

Preferred Qualifications:

Demonstrated effectiveness in managing operational requirements, preferably in the assigned banking specialtyunderstanding of Sarbanes-Oxley requirements and Risk and Control Self-Assessments (RCSA)understanding of Non-Financial Risk management and audit industry best practicesunderstanding of laws and regulations impacting financial institutionsProven ability to manage and execute multiple complex projects within required timelinesExperience defining and documenting business processes and functionsCAMS certification or equivalentUnderstanding of problem solving methodologies such as A3 or ADKAR Model.

Job Competencies:

Proven Leadership skills, both through leading a team as well as leading larger stakeholder / business organizationsProven ability to partner effectively across all levels of the organization and develop positive working relationships,Demonstrated ability to follow company policies, guidelines and proceduresStrong attention to detail, highly organized, and ability to prioritizeDemonstrated ability to maintain confidentiality using tact and diplomacyExcellent 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 improvementsDrives change in the organization and ability to handle complex change management while remaining risk disciplined.Ability to think critically and logicallyUses independent judgement and discretion to make decisions pertaining to risk governance, audit, complianceAnalyzes and resolves problems pertaining to risk governance, audit, complianceProactive self-starter with good people management skills and a strong work-ethicDemonstrates 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.Travel Requirements: Travel may be required depending on location of hire.  If required, travel is not expected to be frequentPhysical 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.