Corporate Banking Intern

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Position Title

Banking Group Risk and Internal Controls Lead (Corporate Banking)

Location

Work From Home United States

Job Summary

The Banking Group Business Risk and Internal Controls Leader (BRIC) will report to the BRIC Director and partner with Corporate Banking to ensure the Banking Group’s first line of defense is robust. The BRIC Lead for Corporate Banking will help to implement risk management framework to assigned business unit in terms of risk related departmental policies, processes and procedures. Lead will oversee the ongoing identification and assessment of the business line’s material risks and key controls.

The BRIC Leader for Corporate Banking will partner and work with the 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).. The position requires attention to detail and well-developed organizational skills. This position also requires experience in compliance and/or risk management. This position is critical to supporting the mission of the Banking Group to ensure compliance and successful completion of audits and quality assurance which permit the bank grow profitably.Pay Range: $86,200.00 - $125,600.00 - $165,000.00

Job Responsibilities:

• Coordinates all internal/external audits and exams to ensure timely delivery of required documentation. Facilitates requests for information and supporting research from business units and assists with and reviews final responses to all audit requests. Collaborates with risk partners to ensure valuable reviews with meaningful results. Works with senior management on identified issues in root-cause analysis, action plans, supporting documentation and testing of implemented controls to clear findings or issues.
• Directly interacts with the bank’s regulators and internal auditors. Provides guidance and assistance on any SOX, RCSA (self-assessment), Internal Audit, Loan Review, State, Federal, and OCC audits or inquiries, requests or response. Work closely with the following Business Partners: Bank Examiners, External Bank Auditors, Enterprise Risk Management, Loan Review, Internal Audit, Regulatory Compliance, Review, Quality Control & SOX.
• Procedure/Process Management. Provide direction and expertise on development of sufficient documentation including policies, procedures, processes and user guides to increase efficiencies, reduce errors and mitigate risk. Stay abreast of compliance and regulatory changes at Flagstar and within the industry to continue to act as a SME for advising and monitoring processes across the Banking Group. Ensure regulatory/compliance related requirements are embedded within Business Units procedures and user guides. Understand the current systems and their respective capabilities. Drive change in the organization and ability to handle complex change management. Assist with development of new procedures and updates. Direct assigned business units on annual reviews of procedures to ensure accuracy and compliance.
• Bank Initiative Partner. Assists in the interpretation of complex regulatory requirements and effectively communicates the potential impact to affected business lines. Support the development and implementation of regular communication methods to keep employees informed of policy, procedural and regulatory updates. Regularly evaluates assigned business unit processes and practices to ensure consistency with applicable regulatory requirements and expectations. Prepares comprehensive written reports and summaries communicating results of findings and highlighting overall business risk.
• Governance. Ensures compliance with all enterprise risk management policies and standards. Implements risk management methodologies for assigned business units. Provides consultative advice regarding risks, issues, and mitigation strategies for new businesses, products, and initiatives.
• Uses independent judgement and discretion to make decisions pertaining to risk governance, audit, compliance
• Analyzes and resolves problems pertaining to risk governance, audit, compliance
• Responsible for talent management functions including: employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.

Job Requirements:

• Bachelor's degree in Finance, Economics, Business, Data & Analytics or similar, required