at Flagstar Bank in Springfield, Illinois, United States
Job Description
Position Title
Director - Consumer Banking Risk and Internal Controls
Location
Work From Home United States
Job Summary
The Consumer Banking Risk and Internal Controls Director is the most senior leader for 1st line of defense risk governance within the Consumer Bank and will report directly to the President of Banking. The Consumer Bank includes branch banking, small business banking, digital banking, and retail wealth management. The Risk and Controls Director will provide oversight of our Consumer Bank's risk-taking activities and ensures adherence to Flagstar's risk management framework and to all risk related and departmental policies, processes and procedures. This role leads a team that will oversee the ongoing identification and assessment of the business line's material risks and key controls. This includes internal and external events as well as potential scenarios that could adversely impact the enterprise and the Consumer Bank. Additionally, they will lead activities to monitor ongoing compliance with risk management framework and risk appetite requirements which include the involvement in strategic planning, new business activities, and other key business decision-making.
This visible leader is responsible for the identification and escalation of material risks and control deficiencies, along with championing improvement opportunities to the appropriate parties. The Risk and Controls Director will also ensure adherence to programs that are established to attract, develop, and retain the talent and staffing levels necessary to support the enterprise's risk management framework and risk appetite.
The Risk and Controls Director will partner with business process owners to conduct operational controls and regulatory self-testing. This individual will collaborate with colleagues in Enterprise Risk Management and Compliance (2nd LOD) and Internal Audit (3rd LOD). This individual will ensure changes in regulation and law align with current business practices, assist with development of business plan and implementation. The position requires attention to detail and well-developed organizational skills. This position also requires experience in compliance and/or risk management. The Risk and Controls Director will assist in development and/or suggest quality compliance training and job aids. This position is critical to the mission of the Consumer Bank to ensure compliance and successful completion of audits and quality assurance which permit the bank grow profitably.
Pay Range: $195,131,78 - $268,306.19 - $341,480.61
Pay Range: Local Minimum Wage - $0.00 - $0.00
Job Responsibilities:
- Leadership and Governance. Serves on the Consumer Banking senior leadership team. Stands up and maintains governance of Consumer Banking risk oversight and portfolio, including developing leadership forums, routines, and plans. Ensures compliance with all enterprise risk management policies and standards. Brings executive level reporting, insights, and mitigation strategies for controls, risks and issues, and regulatory exams to the senior leadership team. Develops risk management methodologies and toolkit for the Consumer Banking and business units. Builds and leads a team that oversees the ongoing identification and assessment of material risks and key controls for specific business units in the Consumer Banking. Along with team, provides consultative advice to leadership and designees regarding risks, issues, and mitigation strategies for new businesses, products, and initiatives.
- Audit and Exam Oversight: Coordinates all internal/external audits and exams to ensure timely...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
