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

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 & Pr