Enterprise Compliance Strategy & Transformation Manager, Sr

Position Title

Enterprise Compliance Strategy & Transformation Manager, Sr

Location

Work From Home United States

Job Summary

The Enterprise Compliance Department (“Enterprise Compliance”) is responsible for demonstrating and promoting a firm-wide culture of compliance, supported by governance functions, to enable the goals of the Enterprise Chief Compliance Officer (“ECCO”), and the Bank’s overall strategic plan, in support the President and Chief Executive Officer and the Board of Directors. Enterprise Compliance is intimately involved with assessing and mitigating risk of ongoing and proposed first-line activities and business initiatives.

Independence of Enterprise Compliance is affirmed by the ECCO’s dual reporting lines directly to the Chair of the Board of Directors’ Risk Assessment Committee and separately to the President & Chief Executive Officer. Compliance leaders and team members actively participate on key Board-level and management committees, as well as important working groups. This heightened visibility is made possible through a steadfast risk management-oriented “tone at the top” which makes Enterprise Compliance at Flagstar a dynamic, challenging, and rewarding department to further your career.

The Enterprise Compliance Strategy & Transformation Senior Manager will be responsible for leading the development and implementation of the Enterprise Compliance Target Operating Model and Change Management. This is a pivotal role as the firm and Enterprise Compliance navigates the integration of legacy NYCB, legacy Flagstar and legacy Signature Compliance Programs and elevates its risk programs to meet the increased regulatory expectations of a financial institution that exceeds $100 billion in assets. The Strategy & Transformation Senior Manager will play a critical role in ensuring the effective implementation of the strategic plan and initiatives, fostering a culture of continuous improvement, and helping the Bank to continue its focus on strong Compliance risk management practices.

Pay Range: $105,900.00 - $160,238.00 - $203,100.00

Job Responsibilities

Reporting to the Head of Governance, Strategy and Transformation (“HGST”) and in close coordination with the HGST, the Strategy & Transformation Senior Manager will be responsible for establishing and maintaining effective strategy and tools to represent the aggregate view of key Programs and risks across Enterprise Compliance, and the effective implementation and refresh of the Enterprise Compliance Target Operating Model and other strategic initiatives, in line with Bank and regulatory requirements:

Develop and lead the implementation of the Annual Strategic PlanDevelop and maintain the Enterprise Compliance Budget and ForecastDefine and refresh Compliance Management Program requirements and implementation strategy (TOM)Define Strategy for implementation / enhancement of Compliance ProgramsFoster relationships across all lines of defenseServe as key point of contact for and coordination with other departmentsFacilitate Audit and Regulatory ResponsesDevelop implementation / remediation strategy and project plan for: Regulatory Remediation, Merger Integration, Large Bank Regulatory Alignment and the Implementation of enterprise Strategic InitiativesDevelop quality control process for key programs and initiatives and retain implementation artifacts

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) in business administration, finance, risk management, or a related fieldMinimum experience required: 8+ Years in risk management, compliance, strategy, transformation, audit, and/or project management within the banking industryIn-depth knowledge of regulatory requirements for banks with over $100 billion in assets, including OCC Heightened Standards, Federal Reserve Enhanced Prudential Standards, Basel III, Dodd-Frank Act, and other relevant regulations

Job Competencies

Proven track record of successfully leading and implementing transformational change initiatives within large organizations, preferably in the banking or financial services sectorStrong analytical and problem-solving skills, with the ability to analyze complex issues, develop innovative solutions, and make data-driven decisionsExcellent communication, collaboration, and interpersonal skills, with the ability to influence and engage stakeholders at all levels of the organization to convey change initiatives and drive consensusProcess optimization and efficiency enhancement capabilities for effective risk managementKnowledge of regulatory compliance with an understanding of applicable standards and regulationsProficiency in data analysis and deriving meaningful insights for decision-makingPerformance monitoring and reporting expertise to track and communicate outcomesOccasional domestic travel required to Flagstar locations including New York City, Troy, MI, and other locations throughout the U.S. Physical demands (ADA): No unusual physical exertion is involved.