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

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

Location
Beverly Hills, CA 90212

Job Summary
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.

Pay Range: $140,622 - $186,324 - $232,026

Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

Risk Advisory

• Builds a consistently executed and sustainable Risk Governance Framework, subject to Bank regulatory heightened standard and Enterprise Risk Management methodologies, including Risk Culture, Risk Appetite, Roles and Responsibilities, Risk Governance, Risk Assessment, and Risk Monitoring & Reporting.
• Provides risk advisory and guidance to the Business Process Owners with respect to all aspects of the Risk Governance Framework program elements, including ensuring the lines of business have appropriate risk identification practices, control environment operating effectiveness, and policies and procedures.
• Develops Enterprise Risk Appetite Assessments and Key Risk Indicators into sustainable processes across all Business Units in the Commercial & Private Banking organization.
• Drives the execution of Enterprise Risk Management assessments of New Products and Services and Enterprise Change Management programs for the Commercial & Private Bank Business Units.
• 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 to the Business Process Owners for integration of procedures, processes, and controls associated with multiple bank mergers and acquisitions.
• Provides risk advisory and guidance on project initiatives, risk assessments, and risk remediation efforts.
• 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 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.

Risk Program & Change Initiatives

• Participates and provides updates in relevant Enterprise Risk & Compliance Forums, where necessary.
• Directly engages with Bank leaders to meet OCC / FRB regulatory examination and Internal Audit requests, and drive Business Unit responses in a timely, accurate, and complete manner.
• Ensures risk governance oversight of regulatory and integration workplan milestones and tasks, including appropriate risk escalation and issue remediation.
• Supports assurance provisions over regulatory remediation issues, including appropriateness of drafted remediation action plans, and perform quality control over supporting documentation to effectively remediate findings.
• Ensures compliance with all Enterprise Risk & Compliance policies and standards, and management of Enterprise Risks within the Bank's risk appetite.
• Supports implementation of Enterprise Risk Management methodologies for Commercial & Private Bank Business U nits.
• Ensures key risk and control data, inventory, metrics, and reporting are established and actively monitored.
• Escalate risk issues through appropriate channels, where necessary.
• Engages with internal stakeholders and Business Process Owners to meet requests/requirements coming from regulatory examinations, Internal Audits, and Compliance Tests.

Risk Advisory Guidance and Communication

• 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 to affected business lines.
• Supports the development and implementation of regular communication methods to keep employees informed of policy, procedural and regulatory updates.
• 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.
• Participates and provides relevant updates in Forums where the Risk Changes are to be discussed, escalated, and monitored, where necessary.
• Performs special projects related to risk transformation, including identifying, gap assessing, and then partnering with business process owners to implement sustainable changes, where required.

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.

Required Qualifications:

• Education level: Undergraduate Degree (4 years or equivalent) in Finance, Economics, Business, Data & Analytics or similar.
• Minimum experience required: 10+ Years of Compliance risk and internal control experience.
• Experience in one of the following banking specialties determined by the position;
  • Private Banking and associated deposit and lending products
  • 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.

Preferred Qualifications:

• Experience defining and documenting business processes and functions.
• Demonstrated effectiveness in managing operational requirements, preferably in the assigned banking specialty.
• 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.

Job Competencies:

• Proven ability to partner effectively across all levels of the organization and develop positive working relationships.
• Demonstrated ability to follow Company policies, guidelines and procedures.
• Strong attention to detail, highly organized, and ability to prioritize.
• Demonstrated ability to maintain confidentiality using tact and diplomacy.
• Uses independent judgement and discretion to make decisions pertaining to risk governance, audit, and compliance.
• Analyzes and resolves problems pertaining to risk governance, compliance, audit, and regulatory matters.
• Ability to analyze and assess the adequacy of operational controls and identify opportunities for improvements.
• Drives change in the organization and ability to handle complex change management while remaining risk disciplined.
• Ability to think critically and logically.
• Excellent verbal and written communication skills and demonstrated success communicating with various levels within an organization.
• Proactive self-starter with good people management skills and a strong work-ethic.
• Travel Requirements: Travel 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.

Flagstar is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, or national origin.