Commercial Banking & Lending Risk and Controls Associate

Corporate Banking Risk and Internal Controls Associate Location: Nationwide, MI 48098 Job Summary 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. Job Responsibilities 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 with risk partners, BPOs and cross‑functional teams. Performs special projects and additional duties and responsibilities as required. Consistently adheres to regulatory and compliance policies and standards and completes required compliance trainings, maintaining compliance with applicable federal, state and local laws and regulations. Job Requirements Required Qualifications Education level required: Undergraduate Degree (4 years or equivalent) in Finance, Economics, Business, Data & Analytics or similar. Minimum experience required: 6+ Years of risk and compliance experience. Experience in Commercial Banking, associated lending and deposit products, or compliance programs. Experience in Treasury Management, Capital Markets, and Derivatives is a plus. Large bank experience. Ability to execute in change management environments and experience building programs/frameworks from the ground up. Preferred Qualifications Demonstrated effectiveness in managing operational requirements, preferably in a Commercial Banking capacity. Understanding of Risk and Control Self‑Assessments (RCSA) and Sarbanes‑Oxley requirements. Understanding of Non‑Financial Risk management and audit industry best practices. Understanding of laws and regulations impacting financial institutions. Ability to manage and execute multiple projects within required timelines. Experience defining and documenting business processes and functions. Job Competencies Ability to partner effectively across all levels of the organization and develop positive working relationships. Ability to analyze and assess the adequacy of operational controls and identify opportunities for process improvements and efficiency gains. Ability to follow company policies, guidelines and procedures. Strong attention to detail, ability to prioritize and multi‑task. Ability to maintain confidentiality using tact and diplomacy. Excellent verbal and written communication skills and demonstrated success communicating with various levels within an organization. Ability to think critically and logically. Ability to analyze and resolve problems pertaining to risk governance, audit, compliance. Proactive self‑starter with good people management skills and a strong work ethic. Builds trusted client relationships, whether internal or external, identifying needs and delivering tailored solutions to enhance the overall client experience. Travel may be required depending on location of hire; if required, travel is not frequent. Physical demands (ADA): No unusual physical exertion is involved. Flagstar is an Equal Opportunity Employer We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non‑discriminatory factors permitted by law. Pay Range: $82,264.50 - $140,617.00 Qualified applicants with arrest or conviction records will be considered for employment in accordance with the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance, and the San Francisco Fair Chance Ordinance, as applicable. #J-18808-Ljbffr