Position Title
Consumer Bank Risk and Controls Leader - Consumer Finance / Mortgage
Location
Nationwide, MI 48098
Job Summary
JOB SUMMARY
The Consumer Bank Risk & Controls Leader will be assigned to one of the following Consumer Bank business areas; Small Business & Retail Wealth Services, Deposit & Payments or Mortgage & Consumer Finance. This leader ("Leader") 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 Leader will bring extensive expertise in Risk Management frameworks and programs (New Initiatives, Issues Management, Metrics (KRI/KPI), RCSA, Operational Loss, Scenario Analysis, Third Party Risk, Model Risk, Data Governance, etc.), have a strong knowledge of regulatory requirements, and vast experience in Consumer Banking.
This leader will collaborate with colleagues in Enterprise Operations, Technology, Risk Management and Compliance (2nd LOD), Internal Audit (3rd LOD), and External Regulatory Agencies.
This position is critical to supporting Flagstar's and the Consumer Bank's strategy, 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: 140,622 - $171,090 - $201,558
Pay Range: Local Minimum Wage - $0.00 - $0.00
Job Responsibilities:
JOB RESPONSIBILITIES
Risk Advisory Framework
Leads the risk & control function in the 1st LOD for one of the Consumer Bank business areas (Small Business and Retail Wealth Services, Deposit & Payments or Mortgage & Consumer Finance). Responsible for supporting and challenging the delivery of products to clients of the Consumer Bank.
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, 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.
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, and can adeptly identify process improvement opportunities such as the centralization of bifurcated payment controls and systems.
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, bank integration programs, risk assessments, and risk remediation efforts impacting the Consumer Bank.
Ensures Risk Management Frameworks are effective to manage risks associated with the Consumer Bank's strategic plan.
Bank Initiative Partner
Actively influences and engages in Enterprise Risk and Compliance forums and socializes with Consumer Banking business 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 appropriate Business Unit Review Governance model and cadence for the Consumer Bank.
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 the Consumer Bank .
Ensures key risk and control data, inventory, metrics, and reporting are established and actively monitored.
Ensures risk culture is imbedded across the assigned banking group with appropriate training regimen.
Risk Advisory Guidance and Communication
Assists in the interpretation of complex regulatory requirements and effectively communicates the potential impact to affected Consumer business groups and business leaders.
Supports the development and implementation of regular communication and training methods to keep employees informed of policy, procedural and regulatory updates.
Regularly evaluates Business Unit processes and practices to ensure consistency with applicable regulatory requirements and expectations.
Stays abreast of compliance and regulatory changes at Flagstar and within the industry to continue to act as a risk subject matter expert for advising and monitoring processes across the Business Unit.
Prepares comprehensive written reports and summaries communicating results of findings and highlighting...
Equal Opportunity Employer
Please see job description for required skills.
