HR Risk and Controls Sr Associate (Finance)

Position Title
HR Risk and Controls Sr Associate

Location
New York/1400 Broadway/114025

Job Summary
Pay Range:
95K - 118K

JOB SUMMARY
The Human Resources (HR) Risk and Internal Controls Sr Assoc will report to the Director, HR Risk and Internal Controls and partner with assigned functional areas, within HR, to ensure business processes and risks align to the enterprise risk management frameworks. The HR Risk and Internal Controls Sr Assoc will collaborate and lead ongoing identification and assessment of the business line's risks and key controls.

The HR Risk and Internal Controls Sr Assoc will provide oversight to HR areas and play a key role in risk advisory and oversight activities. This role requires good understanding and knowledge of Risk and Control Identification and Assessment (RCSA) and risks within a business function. The position will support their aligned area to design and implement key controls within the front-line to meet operational and regulatory requirements, with respect to corporate policies and industry best practices. This role will also co-lead a formal communication channel with their aligned leaders to share risk program updates, policy updates, and other key risk program information to senior leaders.

Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

JOB RESPONSIBILITIES

• Risk Management. Identify, assess, monitor, and mitigate risk exposures within HR functional areas. Monitor moderate business specific programs and provide risk management consulting to support the business in designing and implementing risk-mitigation strategies. Lead control management RCSA and issue management activities. Work with management on identified issues defining root-cause analysis, action plans, supporting documentation and validating design of implemented controls to clear findings. Regularly provide risk reporting to business leaders on state of risk management. Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals.
• Testing Engagements. Coordinates internal/external audits and exams to ensure timely delivery of required documentation. Facilitate requests for information and supporting research from business units and review final responses on audit requests.
• Process Management. Provide direction on development of sufficient documentation including policies, procedures, processes and user guides to increase efficiencies, reduce errors and mitigate risks. Stay abreast of compliance and regulatory changes at Flagstar and within the industry to advise and monitor processes across HR. Ensure regulatory/compliance related requirements are embedded within Business Units procedures and user guides. Understand the current systems and their respective capabilities. Assist with development of new procedures and updates.
• Bank Initiative Partner. Assist in the interpretation of complex regulatory requirements and effectively communicate impact to affected business lines. Support the development and implementation of regular communication methods to inform of policy, procedural and regulatory updates. Regularly evaluate business unit processes and practices to ensure consistency with regulatory requirements and expectations. Provide consultative advice on risks, issues, and mitigation strategies for new processes and initiatives.
• Uses judgement and discretion to make decisions pertaining to risk governance, audit, compliance.
• Analyzes and resolves problems pertaining to risk governance, audit, and compliance.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards, as listed, and completes required compliance trainings.

JOB REQUIREMENTS

• Education level required: Undergraduate Degree (4 years or equivalent).
• Minimum experience required: 5+ Years in Business Controls, Operational Risk, Compliance, or Audit.
• Proven ability to partner effectively across all levels of the organization and develop positive working relationships.
• Strong understanding of laws and regulations impacting financial institutions. Able to manage and execute projects within required timelines.
• Ability to analyze and assess the adequacy of operational controls and identify opportunities for process improvements and efficiency gains.
• Demonstrated ability to follow company policies, guidelines and procedures.
• Strong attention to detail and ability to multi-task.
• Strong verbal and written communication skills and demonstrated success communicating with various levels within an organization.
• Ability to think critically and logically.
• Ability to develop effective relationships with various levels within an organization.
• Proactive self-starter with good people management skills and a strong work-ethic.

Preferred Qualifications:

• Large Financial Institution (LFI) experience.
• Experience documenting business processes and functions.
• Risk certifications (CIA, CRCM, CERP, CCEP, etc.).

Job Competencies:

• Comfortable working in fast-paced and complex environment.
• Detail oriented, with the ability to handle multiple assignments promptly and effectively.
• Adaptable and comfortable with ambiguity.
• Ambitious and resourceful; results oriented; highly innovative. Focused on business value creation through continuous improvement and innovation.
• The candidate needs to have strong analytical skills, be able to synthesize complex and diverse information, research data and draw conclusions.
• Strong interpersonal skills and relationship management.
• Creative problem solver: the ability to quickly grasp the business issues of a situation and develop the best solution; find creative ways to solve complex issues among demanding parties and achieve "win-win" resolutions.
• Team-Oriented: a collaborative individual who is motivated by working effectively with others and forging consensus.
• Accountable, strong sense of ownership.
• Physical demands (ADA): No unusual physical exertion is involved.