Commercial & Private Bank Business Risk & Controls Officer - Compliance

$165,621 - $223,588/Yr

Flagstar Bank - New York, NY

Full-time - Senior

New York, NY

Credit Intermediation and Related Activities

About the position

The Commercial & Private Bank Business Risk and Controls Officer - Compliance Risk is responsible for designing, building, transforming, and implementing a risk management framework within the Commercial & Private Banking sectors. This role focuses on identifying, assessing, and measuring material risks and key controls, ensuring compliance with regulatory requirements, and supporting the bank's strategic goals through effective risk management practices.

Responsibilities

• Head the Compliance Risk & Control organization in the 1st Line of Defense (1st LOD) and build a risk organization to support all Commercial & Private Banking Business Units.
• Build, lead, implement, and execute a Compliance Risk Management framework within the 1st LOD.
• Implement the 1st LOD Compliance Risk roles and responsibilities associated with a Risk Governance Framework.
• Lead execution support of Compliance Risk framework responsibilities with Business Process Owners.
• Drive Compliance Risk management assessment of new products and services.
• Provide Compliance Risk advisory and guidance to Business Process Owners.
• Engage with Bank leaders on identified Compliance incidents and issues.
• Build and implement a Business Unit Review Governance model for Commercial & Private Bank Business Units.
• Ensure compliance with all Enterprise Compliance policies and standards.
• Actively influence and engage in Enterprise Compliance & Risk forums.

Requirements

• Undergraduate Degree in Finance, Economics, Business, Data & Analytics or similar.
• 15+ years of Compliance risk and internal control experience.
• Experience in Private Banking or Commercial Banking and associated products.
• Proven ability to lead and execute in change management environments.
• Experience in acquisition/integration environments.

Nice-to-haves

• Demonstrated effectiveness in managing operational requirements in banking specialties.
• Advanced understanding of Sarbanes-Oxley requirements and Risk and Control Self-Assessments (RCSA).
• Advanced understanding of Non-Financial Risk management and audit industry best practices.
• Proven ability to manage and execute multiple complex projects.

Benefits

• Competitive salary
• Comprehensive health insurance
• Retirement savings plan
• Paid time off
• Professional development opportunities