Flagstar Bank, N.A.
Flagstar Advisors Risk & Controls Officer-Wealth Management (Finance)
Location
New York/1400 Broadway/114025
Job Summary
JOB SUMMARY
The Wealth Management - Flagstar Advisors Business Risk and Controls Officer 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 Wealth Management - Flagstar Advisors Business Risk and Controls Officer in this 1st Line of Defense (1st LOD) role will bring expertise in regulatory requirements and risk experience in Wealth Management.
• Flagstar Advisors is a licensed broker-dealer and a member of the Financial Industry Regulatory Authority, Inc. ("FINRA") and the Securities Investor Protection Corporation ("SIPC").
Flagstar Advisors is an introducing firm and, as such, clears its trades through National Financial Services, LLC ("NFS"), a wholly-owned subsidiary of Fidelity Investments.
Flagstar Advisors contracts NFS to provide trade execution, settlement, and custodian services for its clients. Flagstar Advisors partners with Envestnet Inc. to provide Investment Advisory research and reporting services.
• Flagstar Advisors provides these services to clients of the Private Bank. 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.
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 the Commercial & Private 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.
The salary range for this position is $200,000- $250,000
Pay Range: Local Minimum Wage - $0.00 - $0.00
Job Responsibilities:
JOB RESPONSIBILITIES
Risk Framework
Bank Initiative Partner
Governance
Risk Advisory Guidance and Communication
Procedure & Process Management
ADDITIONAL ACCOUNTABILITIES
JOB REQUIREMENTS
Required Qualifications:
Preferred Qualifications:
Job Competencies: