Finance Risk Manager Sr at Flagstar Bank, N.A. in Jefferson City, Missouri

Job Description:

Position Title
Finance Risk Manager Sr

Location
Work From Home United States

Job Summary
The Senior Finance Risk Manager reports to the Director - Finance Business Risk & Controls and is responsible for developing, leading, and executing first line of defense risk management functions within Finance. This includes critical support functions for risk identification, assessment, mitigation, and control design and monitoring, along with policy/procedure environments and quality assurance validation. This role influences and cultivates the Company's risk culture, interacting across 1st line businesses and with 2nd line risk teams and internal audit. Additionally, this role may interact with external audit and regulators.

Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

• Development and execution of the Finance risk and control environment:
  
  
  • Guiding and reviewing policies and procedures, ensuring all key functions and controls are appropriately documented in accordance with applicable rules and regulations.
  
  
  • Facilitating continuous monitoring, communication, and implementation of all applicable regulatory changes, to impacted teams, processes/procedures, and technology.
  
  
  • Coordinating with 2nd line risk teams regarding Finance-owned policies and application of corporate policies within Finance.
  
  
  
  


• Support transparent internal/external audits and regulatory exams within Finance:
  
  
  • Centralizing the coordination, management, and fulfillment of internal/external/regulatory testing activities.
  
  
  • Facilitate and monitor the management & completion of all. tasks/responses/deliverables associated with all internal/external/regulatory activities.
  
  
  • Cultivate and promote transparency across Finance with 2nd & 3rd lines, as well as regulators.
  
  
  
  


• Cross functional leadership:
  
  
  • Demonstrate high level of collaboration and critical thinking to address problems and develop solutions as one organization, and spanning all areas of Finance.
  
  
  • Drive culture of shared ownership, intentional action, and accountability for results.
  
  
  • Collaborate with other leaders and teams to assist in the continued development and evolution of the Finance division and the organizations 3 lines of defense.
  
  
  
  


• Responsible for cultivating talent-related functions, including staff development/coaching, gap analysis, org design and assessment, succession planning and ensuring staff comply with compliance requirements.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.


• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.

Required Qualifications:

• Education level required: Undergraduate Degree (4 years or equivalent)in Finance, Accounting, Business or related.


• Minimum experience required: 15+ Years of broad finance and risk management experience with increasing responsibility within the US retail banking system, including senior roles with regulatory compliance matters, bank finance, accounting, reporting, compliance, and control environments.


• 5+ years of experience working in a 1st, 2nd, or 3rd line risk role at a Category 4 or larger financial institution regulated by the OCC.

Preferred Qualifications:

• Education level preferred: Master's Degree (or Postgraduate equivalent) in Finance, Accounting, Business or related.


• Industry certifications (i.e. CPA, CIA, PMP) a plus.


• Experience and familiarity with Control frameworks, project management, and OCC & FRB guidance.

Job Competencies:

• Hands-on leader with integrity and a desire to work in a dynamic, mission-driven environment.


• Collaborative and flexible leadership style, with a strong service mentality and a history of process improvements that deliver results.


• Ability to comprehend complex processes and systems, understand how they work, and how they can be improved.


• Strong analytical and abstract reasoning skills, experience interpreting a strategic vision into an operational model.


• Skill in examining, developing, reengineering, and recommending financial policies and procedures.


• Strong written and oral communication, including facilitation & summarization skills to drive action and results.


• Must be highly organized and have a strong attention to detail including the ability to create and maintain documentation for presentation to all levels of leadership as well as internal/external audit stakeholders.


• Ability to work with, lead and consult with all levels in the organization.


• Adjusts positively to quickly changing priorities and shifting goals in a fast-paced environment.


• Up to 25% travel.


• Physical demands (ADA): No unusual physical exertion is involved.