Flagstar Bank
Commercial & Private Bank Business Risk & Controls- Risk Reporting Associate
Flagstar Bank, Lansing, Michigan, United States
Position Title
Commercial & Private Bank Business Risk & Controls- Risk Reporting Associate
Location Nationwide, MI 48098
Job Summary The Commercial & Private Bank Business Risk & Controls-Risk Reporting Associate will help design and produce periodic risk reporting for Division leadership. In this 1st Line of Defense (1st LOD) role, the candidate will bring expertise in risk reporting production, heightened standards regulatory requirements and Commercial & Private Banking businesses. The Private Bank consists of Private Client Groups (PCGs) that provide white‑glove service to High Net Worth and Commercial clients via deposits, lending, and flagStar’s broader offerings. The Commercial Bank focuses on lending, finance, and banking for middle‑market Commercial & Industrial (C&I) companies and also provides capital markets, foreign exchange, derivatives, treasury management, and banking‑as‑a‑service.
This role collaborates with Enterprise Risk Management, Compliance (2nd LOD) and Internal Audit (3rd LOD) to support the strategy of the Commercial & Private Banks by ensuring prudent risk and compliance management which permits the bank to grow profitably.
Pay Range $84,878 – $140,049 per year
Job Responsibilities Risk Reporting
Establishes centralized monthly reporting of Business Risk exposures and framework elements, including Enterprise Risk Appetite Assessments and Key Risk Indicators.
Evaluates optimal Senior Management MIS for risk reporting, including key risk and control data, inventories, metrics, and reporting.
Produces periodic regulatory reports that summarize Business Risk profile and initiatives.
Contributes to risk reporting content for Business Risk Governance Forums.
Liaises with Enterprise Risk & Compliance (2nd LOD) regarding risk reports for their various forums.
Supports management and reporting of regulatory and integration work‑plan milestones and tasks, including appropriate risk escalation and issue remediation.
Participates and provides updates in forums where Business Risk topics are discussed, escalated, and monitored.
Risk Advisory Guidance and Communication
Supports the development and implementation of regular communication methods to keep employees informed of key risk topics and updates to policies, procedures, and regulatory matters.
Supports Risk Advisors or Business leadership on content for training on Risk programs.
Stays abreast of compliance and regulatory changes at FlagStar and within the industry to act as a risk subject‑matter expert across Business Units.
Procedure Management
Establishes and actively manages Risk Reporting Procedures to ensure compliance with company requirements.
Ensures regulatory/compliance related requirements are embedded within Business procedures and user guides.
Ensures ongoing/annual reviews of relevant Risk procedures to maintain accuracy and compliance with policies.
Uses independent judgment and discretion to make decisions.
Analyzes and resolves problems.
Additional Accountabilities
Performs special projects and additional duties as required.
Consistently adheres to regulatory and compliance policies and standards, completing required compliance trainings.
Maintains compliance with applicable federal, state, and local laws and regulations.
Job Requirements Required Qualifications
Education: High School / GED / HiSET / TASC (Foreign equivalent)
Minimum experience: 4+ years
Experience in one of the following banking specialties:
Private Banking – deposits and lending products
Commercial Banking – lending and deposit products
Proven ability to lead and execute in change‑management environments.
Experience in acquisition/integration environments.
Preferred Qualifications
Education: Undergraduate Degree (4 years or equivalent) in Finance, Economics, Business, Data & Analytics or similar.
Demonstrated effectiveness in managing operational requirements within the assigned banking specialty.
Advanced understanding of Non‑Financial Risk management and audit industry best practices.
Advanced understanding of laws and regulations impacting financial institutions.
Experience managing and executing multiple complex projects within required timelines.
Job Competencies
Follow company policies, guidelines and procedures.
Partner effectively across all levels of the organization and develop positive working relationships.
Strong attention to detail, highly organized, and able to prioritize.
Critical and logical thinking.
Proactive self‑starter with strong work ethic.
Excellent verbal and written communication skills, including use of PowerPoint and Excel.
Manage change and problem solve.
Maintain confidentiality using tact and diplomacy.
Build and maintain effective relationships with stakeholders to accelerate performance and drive strategic results.
Build trusted client relationships, both internal and external.
Foster a positive work culture and productive work environment.
Travel may be required, but not frequent.
Physical demands (ADA): No unusual physical exertion involved.
Flagstar is an Equal Opportunity Employer.
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.
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Location Nationwide, MI 48098
Job Summary The Commercial & Private Bank Business Risk & Controls-Risk Reporting Associate will help design and produce periodic risk reporting for Division leadership. In this 1st Line of Defense (1st LOD) role, the candidate will bring expertise in risk reporting production, heightened standards regulatory requirements and Commercial & Private Banking businesses. The Private Bank consists of Private Client Groups (PCGs) that provide white‑glove service to High Net Worth and Commercial clients via deposits, lending, and flagStar’s broader offerings. The Commercial Bank focuses on lending, finance, and banking for middle‑market Commercial & Industrial (C&I) companies and also provides capital markets, foreign exchange, derivatives, treasury management, and banking‑as‑a‑service.
This role collaborates with Enterprise Risk Management, Compliance (2nd LOD) and Internal Audit (3rd LOD) to support the strategy of the Commercial & Private Banks by ensuring prudent risk and compliance management which permits the bank to grow profitably.
Pay Range $84,878 – $140,049 per year
Job Responsibilities Risk Reporting
Establishes centralized monthly reporting of Business Risk exposures and framework elements, including Enterprise Risk Appetite Assessments and Key Risk Indicators.
Evaluates optimal Senior Management MIS for risk reporting, including key risk and control data, inventories, metrics, and reporting.
Produces periodic regulatory reports that summarize Business Risk profile and initiatives.
Contributes to risk reporting content for Business Risk Governance Forums.
Liaises with Enterprise Risk & Compliance (2nd LOD) regarding risk reports for their various forums.
Supports management and reporting of regulatory and integration work‑plan milestones and tasks, including appropriate risk escalation and issue remediation.
Participates and provides updates in forums where Business Risk topics are discussed, escalated, and monitored.
Risk Advisory Guidance and Communication
Supports the development and implementation of regular communication methods to keep employees informed of key risk topics and updates to policies, procedures, and regulatory matters.
Supports Risk Advisors or Business leadership on content for training on Risk programs.
Stays abreast of compliance and regulatory changes at FlagStar and within the industry to act as a risk subject‑matter expert across Business Units.
Procedure Management
Establishes and actively manages Risk Reporting Procedures to ensure compliance with company requirements.
Ensures regulatory/compliance related requirements are embedded within Business procedures and user guides.
Ensures ongoing/annual reviews of relevant Risk procedures to maintain accuracy and compliance with policies.
Uses independent judgment and discretion to make decisions.
Analyzes and resolves problems.
Additional Accountabilities
Performs special projects and additional duties as required.
Consistently adheres to regulatory and compliance policies and standards, completing required compliance trainings.
Maintains compliance with applicable federal, state, and local laws and regulations.
Job Requirements Required Qualifications
Education: High School / GED / HiSET / TASC (Foreign equivalent)
Minimum experience: 4+ years
Experience in one of the following banking specialties:
Private Banking – deposits and lending products
Commercial Banking – lending and deposit products
Proven ability to lead and execute in change‑management environments.
Experience in acquisition/integration environments.
Preferred Qualifications
Education: Undergraduate Degree (4 years or equivalent) in Finance, Economics, Business, Data & Analytics or similar.
Demonstrated effectiveness in managing operational requirements within the assigned banking specialty.
Advanced understanding of Non‑Financial Risk management and audit industry best practices.
Advanced understanding of laws and regulations impacting financial institutions.
Experience managing and executing multiple complex projects within required timelines.
Job Competencies
Follow company policies, guidelines and procedures.
Partner effectively across all levels of the organization and develop positive working relationships.
Strong attention to detail, highly organized, and able to prioritize.
Critical and logical thinking.
Proactive self‑starter with strong work ethic.
Excellent verbal and written communication skills, including use of PowerPoint and Excel.
Manage change and problem solve.
Maintain confidentiality using tact and diplomacy.
Build and maintain effective relationships with stakeholders to accelerate performance and drive strategic results.
Build trusted client relationships, both internal and external.
Foster a positive work culture and productive work environment.
Travel may be required, but not frequent.
Physical demands (ADA): No unusual physical exertion involved.
Flagstar is an Equal Opportunity Employer.
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.
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