Commercial Banking Business Risk & Controls Lead - Specialized Industries & Capital Markets

Position Title

Location

Job Summary

Job Responsibilities:

Risk Advisory

• Builds, leads, transforms, and consistently executes a Non-Financial Risk Management framework for the Specialized Industries and Capital Markets Bank.
• Exemplifies high level of acumen across Enterprise Risk stripes - Operational, Compliance, Strategic, Credit, Liquidity, Interest Rate, Price, and Reputational Risk.
• Builds, leads, transforms, and 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.
• Builds, leads, transforms, and consistently executes as risk advisor in support of Risk & Control Self-Assessment, Issue Management, Internal Operational Risk Loss Events, External Risk Events, Control Identification, Control Design and Testing, and Quality Assurance / Quality Control 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.
• Drives risk management assessment of new products and services, including enterprise change management programs impacting the Specialized Industries and Capital Markets 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 leadership on project initiatives, risk assessments, and risk remediation efforts impacting the Specialized Industries and Capital Markets Bank. 
• Ensures Risk Management Frameworks are effective to manage risks associated with the Specialized Industries and Capital Markets 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 Specialized Industries and Capital Markets Bank leaders.
• Support interactions with the Bank’s regulators (including the OCC and FRB) and Internal Auditors.
• Works closely with the following Business Unit partners: Bank Examiners, External Bank Auditors, 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.

Governance

• Builds, leads, and implements appropriate Business Unit Review Governance model and cadence for the Specialized Industries and Capital Markets 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 Specialized Industries and Capital Markets Bank.   
• Ensures key risk and control data, inventory, metrics, and reporting are established and actively monitored.
• Ensures risk culture is imbedded across the Specialized Industries and Capital Markets 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 Specialized Industries and Capital Markets Banking organization.
• Prepares comprehensive written reports and summaries communicating results of findings and highlighting overall business risk.

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.
  • Responsible for talent management functions including: employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.

Required Qualifications:

• Education level required: Undergraduate Degree (4 years or equivalent)
• Minimum experience required: 8 - 12 years of risk and internal control experience
• Bachelor's degree in Finance, Economics, Business, Data & Analytics or similar, required
• Experience in Commercial Banking and associated Lending and Deposit products
• Experience in Treasury Management, Capital Markets, and Derivatives is a plus
• Large Bank experience
• Proven ability to lead and execute in change management environments, and has built programs / frameworks from the ground up
• Experience in acquisition/integration environments

Preferred Qualifications:

• Demonstrated effectiveness in managing operational requirements, preferably in a Commercial Banking capacity
• Advanced understanding of Risk and Control Self-Assessments (RCSA) and Sarbanes-Oxley requirements
• Advanced understanding of Non-Financial Risk management and audit industry best practices
• Advanced understanding of laws and regulations impacting financial institutions
• Proven ability to manage and execute multiple complex projects within required timelines
• Experience defining and documenting business processes and functions

Job Competencies

• Proven ability to partner effectively across all levels of the organization and develop positive working relationships
• Proven ability to analyze and assess the adequacy of operational controls and identify opportunities for process improvements and efficiency gains
• Demonstrated ability to follow company policies, guidelines and procedures
• Strong attention to detail, ability to prioritize and multi-task
• 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 think critically and logically
• Analyzes and resolves problems pertaining to risk governance, audit, compliance
• Ability to develop effective relationships with various levels within an organization
• 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.