Risk Management Expert

7 days ago


New York, New York, United States Flagstar Bank Full time

Overview

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The Flagstar Bank is seeking a seasoned Risk Management Expert to join its team in the Treasury Management and Banking as a Service (BaaS) division. This role will play a crucial part in designing, building, and implementing a robust risk management framework for the business line.

About the Role

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This 1st Line of Defense (1st LOD) position requires a highly experienced professional with expertise in regulatory requirements and risk experience in Commercial & Private Banking, Treasury Management, or Banking as a Service (BaaS) businesses. The successful candidate will be responsible for helping to design, build, transform, and implement a risk management framework, leading the ongoing identification, assessment, and measurement of material risks and key controls.

Main Responsibilities

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Key responsibilities include:

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  • Building, leading, transforming, and consistently executing a Non-Financial Risk Management framework.
  • Exemplifying high-level acumen across Enterprise Risk stripes - Operational, Compliance, Strategic, Credit, Liquidity, Interest Rate, Price, and Reputational Risk.
  • Developing, leading, and consistently executing a Risk Governance Framework subject to Bank regulatory heightened standards for the Treasury and BaaS businesses.
  • Driving risk management assessments of new products and services, including enterprise change management programs.
  • Providing risk advisory and guidance to Business Process Owners on process and control design, early risk identification, control environment operating effectiveness, policies, and procedures.
  • Ensuring that Risk Management Frameworks are effective in managing risks associated with the Commercial & Private Banks strategic plan.
  • Directly engaging with Bank leaders on identified incidents and issues in root cause analysis, action plans, supporting documentation, and testing of implemented controls.
  • Providing risk advisory and guidance on project initiatives, risk assessments, and risk remediation efforts impacting the Business Units.
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Requirements

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To be successful in this role, you will need:

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  • An undergraduate degree in Finance, Economics, Business, Data & Analytics, or similar field.
  • A minimum of 10+ years of risk and internal control experience, preferably in one of the following banking specialties: Private Banking and associated deposit and lending products, Commercial Banking and associated lending and deposit products, particularly within Treasury Management and/or Government Banking.
  • Large Bank experience is preferred.
  • A proven ability to lead and execute in change management environments and has built programs / frameworks from the ground up.
  • Experience in acquisition / integration environments.
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Salary Range

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The estimated salary range for this position is $165,621 - $223,588 - $281,556 per year.



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