Commercial & Private Bank Business Risk & Controls Officer - Risk Governance & Change Management

Position Title

Commercial & Private Bank Business Risk & Controls Officer - Risk Governance & Change Management

Location

New York/1400 Broadway/114025

Job Summary

The Commercial & Private Bank Business Risk and Controls Officer – Risk Program Governance & Change Management 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 Business Risk and Controls Officer – Risk Program Governance & Change Management in this 1st Line of Defense (1st LOD) role will bring 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 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 strategy of the Commercial & Private Banks by ensuring prudent risk and compliance management which permit the bank grow profitably.

Pay Range: $165,621 - $223,588 - $281,556

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

Job Responsibilities:

Risk Advisory

• 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.
• 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.
• Designs, implements, and drives the execution of Enterprise Risk Management assessments of New Products and Services and Enterprise Change Management programs for the 1st LOD Commercial & Private Bank Business Units.
• Provides risk advisory and guidance to the Business Process Owners for integration of procedures, processes, and controls associated with multiple bank mergers and acquisitions.
• 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 on project initiatives, risk assessments, and risk remediation efforts impacting the Business Units. 

Governance

• Builds, leads, and implements appropriate Risk Governance Framework model for Commercial & Private Bank Business Units.
• Leads assurance provisions over regulatory remediation issues, including appropriateness of drafted remediation action plans to address regulatory concerns, and perform quality control over supporting documentation to effectively remediate findings.
• 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.
• Leads risk governance oversight of integration workplan milestones and tasks, including appropriate risk escalation and issue remediation associated with integration activities.
• Ensures compliance with all Enterprise Risk & Compliance policies and standards, and management of Enterprise Risks within the Bank’s risk appetite.  
• Implements 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.
• Ensures risk culture is imbedded across the Commercial & Private Bank organizations with an appropriate training regimen.

Bank Initiative Partner

• Actively influences and engages in Enterprise Risk & Compliance forums and socializes with Commercial & Private Bank leaders.
• Directly interacts with the Bank’s regulators and Internal Auditors.
• Works closely with the following Business Un