Commercial & Private Bank Business Risk & Controls - Risk Framework Change Management Lead

About the position

The Commercial & Private Bank Business Risk & Controls-Risk Framework & Change Management 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 role leverages expertise in heightened standards regulatory requirements and risk experience in Commercial & Private Banking 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, treasury management products and services, and banking as a service. This role will collaborate with colleagues in Enterprise Risk Management and Compliance (2nd LOD) and Internal Audit (3rd LOD). This position is critical to supporting the strategy of the Commercial & Private Banks by ensuring prudent risk and compliance management which permit the bank grow profitably.

Responsibilities

• Builds a consistently executed and sustainable Risk Governance Framework, subject to Bank regulatory heightened standard and Enterprise Risk Management methodologies.
• Provides risk advisory and guidance to the Business Process Owners with respect to all aspects of the Risk Governance Framework program elements.
• Develops Enterprise Risk Appetite Assessments and Key Risk Indicators into sustainable processes across all Business Units.
• Drives the execution of Enterprise Risk Management assessments of New Products and Services and Enterprise Change Management programs.
• Drives the development and implementation of process mapping initiatives with Business Process Owners.
• Ensures Enterprise Risk Management Frameworks, processes, and controls are effective to manage risks associated with the Commercial & Private Banks Strategic Plan.
• Provides risk advisory and guidance for integration of procedures, processes, and controls associated with multiple bank mergers and acquisitions.
• Provides direction and expertise on development of sufficient documentation including policies, procedures, processes, and user guides.
• Ensures regulatory/compliance related requirements are embedded within Business procedures and user guides.
• Ensures ongoing / annual reviews of Risk procedures to ensure accuracy and compliance with policies.
• Regularly evaluates assigned Business Unit processes and practices to ensure consistency with applicable regulatory requirements and expectations.
• Participates and provides updates in relevant Enterprise Risk & Compliance Forums.
• Directly engages with Bank leaders to meet OCC / FRB regulatory examination and Internal Audit requests.
• Ensures risk governance oversight of regulatory and integration workplan milestones and tasks.
• Supports assurance provisions over regulatory remediation issues.
• Ensures compliance with all Enterprise Risk & Compliance policies and standards.
• Supports implementation of Enterprise Risk Management methodologies for Commercial & Private Bank Business Units.
• Ensures key risk and control data, inventory, metrics, and reporting are established and actively monitored.
• Engages with internal stakeholders and Business Process Owners to meet requests/requirements from regulatory examinations.
• Ensures risk culture is embedded across the Business, including to-be established Business Risk Training program.
• Assists in the interpretation of complex regulatory requirements and effectively communicates the potential impact.
• Supports the development and implementation of regular communication methods to keep employees informed.
• Stays abreast of compliance and regulatory changes to act as a risk subject matter expert.
• Performs special projects related to risk transformation.

Requirements

• Undergraduate Degree (4 years or equivalent) in Finance, Economics, Business, Data & Analytics or similar.
• 10+ Years of Compliance risk and internal control experience.
• Experience in Private Banking and associated deposit and lending products.
• Experience in Commercial Banking and associated lending and deposit products.
• Large Bank experience.
• Proven ability to lead and execute in change management environments.
• Experience in acquisition / integration environments.

Nice-to-haves

• Experience defining and documenting business processes and functions.
• Demonstrated effectiveness in managing operational requirements.
• 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.
• Advanced understanding of laws and regulations impacting financial institutions.
• Demonstrated experience managing and executing multiple complex projects within required timelines.