What are the responsibilities and job description for the Privacy Officer position at Flagstar Bank?
Pay Range : 140- 232K JOB SUMMARY The Privacy Officer will lead the enhancement of Flagstar’s privacy program, ensuring the protection of customer information and adherence to all relevant federal and state laws and regulations. In doing so, the Privacy Officer will actively liaise with key constituencies across the organization, including (but not limited to) the Information Security and Information Technology Departments.
JOB RESPONSIBILITIES
- Privacy Strategy Development. Drive the development and implementation of comprehensive privacy policies and procedures based on relevant state, federal, and international laws and regulations. Stay current with relevant laws, regulations, and industry best practices regarding data privacy.
- Stakeholder Collaboration. Work closely with IT, legal, and other departments to integrate privacy into business processes. Act as the primary point of contact for privacy-related inquiries and concerns.
- Monitoring and Reporting. Monitor privacy metrics and report to the executive team and board on the status of privacy initiatives. Provide recommendations for continuous improvement in privacy practices.
- Risk Management. Identify, assess, and mitigate privacy risks related to new products, services, and technologies.
- Training and Awareness. Develop and deliver training programs for employees based on privacy policies and best practices. Foster a culture of privacy awareness throughout the organization.
- External Engagement. Liaise with regulators and industry groups on privacy-related matters. Represent the bank in discussions related to privacy and data protection.
- Use independent judgement and discretion to make decisions regarding the enhancement of the Privacy Program and the prioritization of privacy matters.
- Analyze and resolve problems pertaining to privacy issues, incidents, standards, and practices.
- Responsible for talent management functions including : employment, performance evaluations, staff development / training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.
ADDITIONAL ACCOUNTABILITIES
JOB REQUIREMENTS
Required Qualifications :
Preferred Qualifications :
Job Competencies :
Flagstar is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, or national origin.
