Commercial & Private Bank Business Risk & Controls Officer-Treasury Management

Position Title

Commercial & Private Bank Business Risk & Controls Officer-Treasury Management

Location

Beverly Hills, CA 90212

Job Summary

The Treasury Management Business Risk and Controls Officer will lead the design, build, transformation 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 Business Risk and Controls Officer 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: $165,621 - $223,588 - $281,556

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

Job Responsibilities:

Risk Advisory

• Leads the Treasury Management Risk & Control organization in the 1st LOD, and responsible for building a risk organization to support the Business Units.
• Builds, leads, transforms, and 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.
• Builds, leads, and 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.
• Builds, leads, transforms, and consistently executes Risk & Control Self-Assessments, Issue Management, Internal Operational Risk Loss Events, External Risk Events, Key Risk Indicator, Control Identification and Design, and Quality Assurance programs.
• 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, including enterprise change management programs.
• 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. 
• Ensures Risk Management Frameworks are effective to manage risks associated with the Commercial & Private Banks strategic plan.

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 regulators (including the OCC and FRB) and Internal Auditors.
• Works closely with the following Business Unit partners: Bank Examiners, External Bank Auditors, Enterprise Risk Management, Internal Audit, Regulatory Compliance, Regulatory Affairs, 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

• Builds, leads, and implements executes appropriate Business Unit Review Governance model and cadence for Treasury