Director - Internal Audit Regulatory Remediation at Flagstar Bank, N.A. in Hicksville, New York

Job Description:

Position Title
Director - Internal Audit Regulatory Remediation

Location
Hicksville, NY 11801

Job Summary
The Director - Internal Audit Regulatory Remediation will support efforts to continually enhance and refine audit practices while promoting high standards with respect to audit practices, quality and continuous improvement. Leads the effort to ensure all Internal Audit remediation work is completed with high quality and in a timely manner. Tracks and monitors the management action plans (MAPs) developed by Internal Audit to address regulatory concerns. Provides proactive forward thinking and ongoing insights into leading regulatory practices including monitoring and training and development of team members with respect to the regulatory environment and across the industry. Proactively identifies and recommends changes to our existing processes for improved audit efficiency and effectiveness.

Pay Range: $165,621.00 - $251,744.00 - $337,867.00

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

Job Responsibilities:

JOB RESPONSIBILITIES

• Leverage technical experience, providing analysis and supplying insights in identifying and recommending leading practices and process improvements in the areas regulatory standards, and guidance to support strong internal audit practices across the organization.


• Responsible for the on-time delivery of management action plans using data and reporting applications to ensure efficiency in the deliverable required.


• Assist the leadership team in developing and enhancing department training plans, and monitor/track completion of training requirements by staff. Prepare periodic analysis and reporting for the Enterprise effort to remediate all regulatory matters.


• Responsible for Audit Committee reporting that aligns to industry best practices and regulatory expectations.


• In coordination with the Chief Audit Executive, and the Head of Internal Audit-Professional Practices Group & Quality Assurance, work with the leadership team to ensure awareness of the regulatory environment and the remediation requirements as they become due. In addition, monitor and report on any changes to the Internal Audit MAP with respect to regulatory changes.


• Work with all levels of staff and provide thought regarding process improvement, best practices, quality assurance, and evolving regulatory provisions and expectations for Internal Audit Functions.


• Responsible for talent management functions including: employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all 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.

JOB REQUIREMENTS

Required Qualifications:

• Education level required: Undergraduate Degree (4 years or equivalent)


• Minimum experience required: 12+ Years audit experience, with experience leading an audit team and/or professional practices preferred.


• Experience working with regulatory agencies responsible for the oversight of large financial institutions


• Work experience in the internal audit department of a large financial institution

Preferred Qualifications:

• CIA, CPA, CISA, CRMA, CRCM, or CFE Certifications are preferred.

Job Competencies:

• Comprehensive knowledge and ability to provide leadership in the area of internal audit processes and best practices.


• Experience in developing and training staff as part of a continuous improvement effort.


• Strong analytical and technical skills (e.g., Excel, Word, PowerPoint, TeamMate, and other data analysis tools).


• Strong organizational and critical thinking skills.


• Excellent interpersonal communication skills (written & verbal) with the ability to provide effective challenge.


• Ability and experience in building out the IA process improvement efforts related to all areas of the audit process including standards and methodology to ensure full compliance with IIA and OCC standards.


• Ability to work well with various levels of management.


• Ability to lead special projects with limited supervision.


• Minimal travel - up to 10% travel required.


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

Flagstar is an equal Opportunity Employer.