Banking Group Risk and Internal Controls Lead (Commercial Banking)
Company: Flagstar Bank
Location: Lansing
Posted on: April 16, 2024
Job 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 $117,184.74-
$174,604.26- $203,315.53.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
Keywords: Flagstar Bank, Lansing , Banking Group Risk and Internal Controls Lead (Commercial Banking), Accounting, Auditing , Lansing, Michigan
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