Hiring: Director of Wholesale Compliance Company: Flagstar Bank Location: Hicksville, NY Job Posted Time: 2026-09-10 14:14:45 Target Skills & Keywords : Microsoft Excel, Microsoft PowerPoint, Private Banking, Project Management, Risk Management, Series 7 About the job Experience: •12+ Years in similar compliance, legal, or regulatory roles within wholesale banking, commercial lending, or investment management operations in the financial services industry. Required Skills: •Advises wholesale banking executive management on critical compliance issues pertaining to commercial lending, commercial banking, and private banking; proactively participates on or leads select compliance and governance committees related to wholesale operations. •Provides substantive and timely policy and procedure revisions to ensure sufficient detail and clarity regarding principle-based oversight and documentation requirements for wholesale banking products and services; addresses regulatory expectations specific to commercial lending and private banking. •Maintains, updates/amends, and files all applicable regulatory registrations, licenses, and filings related to wholesale banking operations; assists with required client notices, disclosures, and documents; ensures compliance with applicable banking regulations and regulatory guidance. •Maintains and updates risk assessment of compliance policies and procedures that drive monitoring and testing plans specific to wholesale banking. •Implements, maintains, and coordinates the periodic risk-based compliance testing program for wholesale banking operations, including calendar, control matrix, testing matrix, and select forensic testing; documents support for such activities in coordination with Bank Enterprise Compliance. •Performs compliance oversight, reporting, and remedial actions for breaches and/or errors that have compliance or regulatory impact within wholesale banking; escalates issues to senior management and regulatory bodies as appropriate. •Assists with the review and approval of select correspondence, client requests, complaints, and RFPs/RFIs related to wholesale banking products and services; ensures compliance documentation and client communications meet regulatory standards. •Prepares monthly and quarterly management/board reporting on wholesale compliance metrics, risk assessments, and regulatory matters; coordinates the required annual compliance assessment for wholesale banking operations. Qualifications: •Minimum experience required: 12+ Years in similar compliance, legal, or regulatory roles within wholesale banking, commercial lending, or investment management operations in the financial services industry. •Demonstrated compliance experience within a wholesale banking environment, including commercial lending, commercial banking, and/or private banking operations. •Certified Compliance and Ethics Professional (CCEP) or equivalent professional designation. •Juris Doctor (J.D.) or advanced legal training in banking and financial services law. •FINRA Series 7, 24, or 63/65 preferred for enhanced understanding of investment and advisory products. •Advanced knowledge of banking regulations applicable to wholesale operations, including the Dodd-Frank Act, Gramm-Leach-Bliley Act, OCC regulations, and Federal Reserve requirements; strong understanding of commercial lending compliance requirements. •Compliance program expertise: Ability to research, design, and implement comprehensive compliance programs and controls specific to wholesale banking operations. •Strong analytical and problem-solving skills to identify, assess, and mitigate compliance risks; ability to develop effective remediation strategies. •Strong organizational and project management skills with ability to manage multiple compliance initiatives, testing programs, and regulatory requests simultaneously. •Excellent communication skills – strong written and verbal communication abilities; capable of translating complex regulatory requirements into clear, actionable policies and procedures. Interested candidates, please apply directly through the job posting on company's career page or try via AI auto apply on this platform. Don't miss this opportunity to join a forward-thinking team!