Treasury Management Business Risk & Controls Lead

Position Title

Treasury Management Business Risk & Controls Lead

Location

Beverly Hills, CA 90212

Job Summary

The Treasury Management Business Risk and Controls Lead will be responsible for ensuring successful adherence and implementation of a 1st Line of Defense (1st LOD) risk management framework and lead the ongoing identification, assessment, and measurement of the business line’s material risks and key controls. The TM Risk & Controls Lead in this 1st Line of Defense (1st LOD) role will bring expertise in regulatory requirements and risk experience in Commercial & Private Banking, as well as in Treasury Management and Payment Solutions 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, and treasury management products and services.

• Treasury Management provides sales and product support to the Commercial and Private Banks including receivables and payables solutions and cash management optimization tools.

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 Flagstar’s the Commercial & Private Banks’ strategies, 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.

Pay Range: $128,856 - $146,349 - $167,711Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

Risk Advisory

• At the direction of the Business Risk & Controls Officer (BRCO) for Commercial Deposit & Payments Solutions (CDPS), act as the designated point of contact within 1LOD for assigned Risk programs
• Execute essential risk program functions, including Risk & Control Self Assessments (RCSA), Key Risk Indicators (KPIs), Issue Management, Operational Losses reporting and more.
  • consistently executes a Non-Financial Risk Management framework.
  • Exemplifies high level of acumen across Enterprise Risk stripes - Operational, Compliance, Strategic, Credit, Liquidity, Interest Rate, Price, and Reputational Risk.
  • Consistently executes a Risk Governance Framework subject to Bank regulatory heightened standards for the Treasury Management businesses, including Risk Culture, Risk Appetite, Roles and Responsibilities, Risk Governance, Risk Assessment, and Risk Monitoring & Reporting.
  • 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.
  • Leads and drives risk management assessment of new products and services
  • Provides risk advisory and guidance leadership to the Business Process Owners including process and control design, early risk identification, control environment operating effectiveness, policies and procedures, vendor risk, model risk, and data governance.
  • Provides risk advisory and guidance leadership on project initiatives, risk assessments, and risk remediation efforts impacting the Business Units. 

Bank Initiative Partner

• Actively influences and engages in Enterprise Risk and Compliance forums and socializes with Treasury Management leaders.
• Directly interacts with the Bank’s 2nd Line of Defense and Internal Auditors.
• Works closely with the following Business Unit partners:, Enterprise Risk Management, Internal Audit, Regulatory Compliance, , Business Process Owners, and Shared Services organizations.
• Coordinates Internal Audits, Compliance Tests, and External Exams with Business Process Owners to ensure timely delivery and completeness of required documentation.

Governance

• Consistently executes Business Unit Review Governance model and cadence for Treasury Management Business Unit.
• Ensures compliance with all Enterprise Risk management policies and standards, and management of Enterprise Risks within the Bank’s risk appetite. 
• Implements risk management methodologies for Treasury Management Business Unit.   
• Ensures key risk and control data, inventory, metrics, and reporting are established and actively monitored.