Sr Operational Risk Analyst (Hybrid)
Flagstar Bank FSB

Troy, Michigan

Posted in Banking

This job has expired.

Job Info

Job Summary
The Operational Risk Management (ORM) Program Office is responsible for managing and maintaining the Enterprise Risk Management (ERM) Framework designed to ensure that Flagstar's risks are appropriately managed in accordance with regulatory guidelines. Management of the ERM Framework requires oversight and execution of Risk and Control Self-Assessments (RCSA), Issue Management, Operational Loss Reporting, and ERM policies. The Senior Risk Analyst will report to the FVP, ORM Program Office Sr. Manager and support the VP, Operational Risk Management (ORM) Manager.

Job Responsibilities:

Execute operational risk practices and ERM related policies and procedures (e.g. ERM, New Products/Services Approval process, RCSA, Issue Management). Specific activities include:

  • Facilitate RCSA sessions for each business unit and corporate function and challenge results. (approximately 35-45 annual RCSAs)
  • Advise all business units/corporate functions with issue tracking and resolution.
  • Advise business units/corporate functions in the documentation of self-identified issues and action plans
  • Advise the business units/corporate functions in the identification and documentation of new Operational Losses
  • Advise the business units/corporate functions in the documentation of risk treatment plans for operational risks identified through RCSAs or results of KRIs.

Coordinate and facilitate the ERM reporting to the ERM Committee and the Risk and Compliance Committee of the Board.

Collaborate with GRC sources on Risk Assessments timelines and results reporting.

Participate in the review of new products/services assessments, new projects, new policy reviews, and new emerging risks from an operational risk perspective.

Prepare reports to business units/Corporate Functions on Operational Risk matters.

Define procedures necessary to carry out the requirements of the RCSA, Issue Management, New Products/Services, and ERM policies.

Provide Education and Training on ERM and Operational Risk policies and practices to the BUs.

Support Adhoc initiatives as required

Ensure compliance with applicable federal, state and local laws and regulations. Complete all required compliance training. Maintain knowledge of and adhere to Flagstar's internal compliance policies and procedures. Take responsibility to keep up to date with changing regulations and policies.

Job Requirements:
  • Bachelor's Degree Required with field of study in Business Administration, Finance, Accounting or IT Preferred
  • 3-5 years of experience in a similar Operational Risk role at a financial institution developing and executing the following: risk assessments, issue management, operational loss tracking, monitoring of key risk indicators, operational risk reporting. This includes presenting and interacting with Senior-level Management.
  • Alternatively, 3-5 years of experience in Internal Controls, Fraud, or Risk experience preferably with a financial institution. This includes presenting and interacting with Executive Management.
  • Working knowledge of risk and compliance tools and methodologies.
  • Working knowledge of risk frameworks, FFIEC, and OCC guidelines.
  • Excellent communication, facilitation, and presentation skills, including Power Point and Excel.
  • Excellent business acumen with focus on process improvement
  • High-level understanding of lending and banking processes.
  • Ability to work well under pressure and during periods outside of the standard workday.
  • Aptitude to see the big picture, show good judgment, and build business relationships.

    Internal Use Only: Band G

This job has expired.

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