Commercial Banking & Lending Risk and Controls Associate

Corporate Banking Risk and Internal Controls Associate

Location:

Nationwide, MI 48098

The Commercial Banking & Lending Risk & Controls Associate will play an integral role in the design, buildout, transformation and implementation of a Commercial Banking risk management framework, as well as advise and oversee business lines through ongoing identification, assessment, and measurement of material risks and key controls. The First Line of Defense role brings expertise in financial industry risk governance and experience in Commercial Banking businesses, including lending, finance, and treasury management.

• Risk Advisory
  • 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) for 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 regarding process and control design, early risk identification, control environment operating effectiveness, and policies and procedures.
  • Guides assurance activities to ensure risk management frameworks and controls effectively manage risks associated with the strategic plan of the 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 remediate findings.
  • Offers risk advisory and guidance on project initiatives, risk assessments, and remediation efforts impacting the Business Units.
• Governance
  • Ensures compliance with all enterprise compliance policies and standards and manages compliance risks within the Bank’s risk appetite.
  • Supports the implementation of risk management methodologies for Commercial & Private Bank Business Units.
  • Maintains key risk and control data, inventory, metrics, and reporting.
  • Builds a risk culture across the Commercial & Private Bank organizations with an appropriate training regimen.
• Bank Initiative Partner
  • Actively influences and engages in risk forums and collaborates with Commercial & Private Bank colleagues.
  • Supports interactions with cross‑functional teams from all lines of defense, including Internal Audit, Operational Risk Management, Model Risk Management, Business Process Owners, and Shared Services, to ensure timely delivery and completeness of required documentation.
• Risk Advisory Guidance and Communication
  • Leads efforts to develop and implement regular communication methods to keep employees informed of policy, procedural and regulatory updates.
  • Evaluates assigned Business Unit processes and practices for consistency with applicable regulatory requirements and expectations.
  • Stays abreast of compliance and regulatory changes at Flagstar and within the industry to continue to act as a risk advisor for supporting and monitoring processes across the Business Units.
• Procedure & Process Management
  • Provides direction and support on development of documentation—including policies, procedures, processes, and user guides—to increase efficiencies, reduce errors, and mitigate risk.
  • Ensures regulatory/compliance related requirements are embedded within Business Units procedures and user guides.
  • Supports continuous improvement of business‑level procedures to ensure accuracy and compliance with standards and guidelines.
  • Understands current system capabilities.
  • Assists in preparing comprehensive written reports and summaries communicating results of findings and highlighting overall business risk.
  • Uses independent judgement and discretion to make decisions.
  • Analyzes and resolves problems.
• Additional Accountabilities
  • Resourceful and self‑starter with the ability to work independently or collaboratively…