Banking Group Risk and Internal Controls Lead - Lansing, United States - Flagstar Bank

Description

The Banking Group Business Risk and Internal Controls Leader (BRIC) will report to the BRIC Director and partner with the Commercial Banking Business Unit to establish and imbed risk management programs, policies and procedures, and risk culture within the Banking Group's First Line of Defense. The BRIC Lead for Commercial Banking 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 BRIC Lead will bring expertise in regulatory requirements and experience in Commercial Banking networks and products. 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, and treasury management products and services. This leader will collaborate with colleagues in Enterprise Risk Management and Compliance (2nd LOD) and Internal Audit (3rd LOD). The position requires attention to detail and well-developed organizational skills. This position is critical to supporting the mission of the Banking Group to ensure risk compliance and successful execution which permit the bank grow profitably. The salary range for this position is $117, $174, $203,

Risk Framework

• Builds, leads, transforms, and consistently executes an Enterprise Risk Management framework for the Commercial Bank.
• Exemplifies high level of acumen across all 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 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.
• Ensures Risk Management Frameworks are effective to manage risks associated with Banking Group's strategic plan.
• 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 Commercial Bank.
• Ensures risk culture is imbedded across the Commercial Bank with appropriate training regimen.

Bank Initiative Partner

• Actively influences and engages in Enterprise Risk forums and socializes with Commercial Bank leaders.
• Directly interacts with the Bank's regulators and internal auditors.
• Works closely with the following Business Partners: Bank Examiners, External Bank Auditors, Enterprise Risk Management, Loan Review, Internal Audit, Regulatory Compliance, Review, Quality Control & SOX.
• Provides guidance and assistance on any SOX, RCSA (self-assessment), Internal Audit, Loan Review, State, Federal, and OCC audits or inquiries, requests or response.
• Coordinates all internal/external audits and exams to ensure timely delivery of required documentation.
• Facilitates requests for information and supporting research from business units and assists with and reviews final responses to all audit requests.
• Collaborates with risk partners to ensure valuable reviews with meaningful results.

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.
• Understands the current systems and their respective capabilities.
• Drives change in the organization and ability to handle complex change management while remaining risk disciplined.
• Ensures ongoing / annual reviews of procedures to ensure accuracy and compliance.

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.
• Prepares comprehensive written reports and summaries communicating results of findings and highlighting overall business risk.
• Stay abreast of compliance and regulatory changes at Flagstar and within the industry to continue to act as a SME for advising and monitoring processes across the Banking Group.

Governance

• Builds, leads, and implements appropriate Business Unit Review Governance model and cadence for the Commercial Bank.
• Ensures compliance with all Enterprise Risk management policies and standards.
• Implements risk management methodologies for assigned business units.
• Ensures key risk and control data, inventory, metrics, and reporting is established.
• Provides consultative advice regarding risks, issues, and mitigation strategies for new businesses, products, and initiatives
• Uses independent judgement and discretion to make decisions pertaining to risk governance, audit, compliance.
• Analyzes and resolves problems pertaining to risk governance, audit, compliance.
• Responsible for talent management functions including: employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.

Job Requirements:

• Minimum experience required: 10+ 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 preferred
• Proven ability to lead and execute in change management environments, and has built programs / frameworks from the ground up
• Experience in acquisition/integration environments
• Proven ability to partner effectively across all levels of the organization and develop positive working relationships
• Advanced understanding of laws and regulations impacting financial institutions. Able to manage and execute multiple complex projects within required timelines
• Experience defining and documenting business processes and functions
• Ability to analyze and assess the adequacy of operational controls and identify opportunities for process improvements and efficiency gains
• Advanced understanding of Sarbanes-Oxley requirements and Risk and Control Self-Assessments (RCSA)
• Advanced understanding of operational risk management and audit industry best practices
• Demonstrated effectiveness in managing operational requirements, preferably in a Community Banking capacity
• Demonstrated ability to follow company policies, guidelines and procedures
• Strong attention to detail and ability to 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
• Ability to develop effective relationships with various levels within an organization
• Proactive self-starter with good people management skills and a strong work-ethic