Senior Associate – Commercial Banking, Lending Risk and Controls

🔥 3 minutes ago

🚗 Michigan – Remote

🚗 Michigan – Remote

💵 $95.1k - $167.7k / year

⏰ Full Time

🟠 Senior

🎲 Risk

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Flagstar Bank

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

🏦 Banking

💸 Finance

🏠 Real Estate

Banking • Finance • Real Estate

Flagstar Bank is a diversified commercial bank focused on building relationships to help clients on their financial journeys, whether for personal or business needs. The bank offers a wide range of financial services including personal and business banking, loans, mortgages, wealth management, and investment services. Flagstar is committed to community involvement and meeting the banking needs of diverse neighborhoods, including low- and moderate-income areas, while promoting diversity, equity, and inclusion within its operations.

📋 Description

• Supports the Commercial Banking & Lending Business Risk & Controls Officer in the buildout, implementation, and consistent execution of a Risk Management framework within the 1st LOD. • Provides guidance in risk framework responsibilities with Business Process Owners (BPOs) in support of enterprise risk assessments, change management initiatives, customer complaint management, compliance testing, issue management, operational risk events, key risk indicators, control Identification and design, process taxonomy documentation, and quality assurance programs. • Leads risk management assessment of new products and services, including enterprise change management programs. • Provides risk advisory and guidance to the BPOs including process and control design, early risk identification, control environment operating effectiveness, and policies and procedures. • Provides guidance on assurance activities to help ensure that risk management frameworks and controls are effective to manage risks associated with the strategic plan of Commercial & Private Bank. • Directly engages with BPOs on identified operations risk incidents and issues in root-cause analysis, action plans, supporting documentation and testing of implemented controls to effectively remediate findings or issues. • Provides BPOs with risk advisory and guidance on project initiatives, risk assessments, and risk remediation efforts impacting the Business Units. • Supports activities to help ensure compliance with all enterprise compliance policies and standards, and management of compliance risks within the Bank’s risk appetite.

🎯 Requirements

• Undergraduate Degree (4 years or equivalent) in Finance, Economics, Business, Data & Analytics or similar. • 8+ Years of risk and compliance experience. • Experience in Commercial Banking, associated Lending and Deposit products, or Compliance programs. • Experience in Treasury Management, Capital Markets, and Derivatives is a plus. • Large Bank experience • Ability to execute in change management environments, and has experience building programs / frameworks from the ground up

🏖️ Benefits

• medical • dental • vision • life • disability insurance • comprehensive leave program