[Remote] Head of Employee Stock Ownership Plan Solutions

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Note: The job is a remote job and is open to candidates in USA. Flagstar Bank is seeking a Head of Employee Stock Ownership Plan Solutions to lead the ESOP advisory function supporting clients in their Commercial and Private Banking business. The role involves advising clients on ESOP benefits, managing referrals to advisory firms, and ensuring compliance with regulatory standards.


Responsibilities

  • Work with Commercial Banking and Private Banking Relationship Managers to help advise existing privately-held middle market and business banking clients and prospects on the benefits, challenges and requirements of an Employee Stock Ownership Plan (“ESOP”)
  • Manage the bank’s efforts to refer clients and prospects interested in further exploring ESOP solutions to third-party ESOP advisory firms
  • Be the single point of contact for sourcing new ESOP financing opportunities from national ESOP advisory firms
  • Represent the bank at ESOP related industry functions and conferences
  • Provide subject matter expertise to the bank’s 1LOD and 2LOD Credit Risk professionals in analyzing and structuring leveraged ESOP financing solutions for our clients
  • Responsible for talent management functions including employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements
  • 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

Skills

  • Education level required: High School Diploma or Equivalent
  • Minimum experience required: 10+ years of relevant ESOP financing experience
  • Experience specific to financing privately-held companies
  • Experience advising on ESOP
  • Strong relationship management and business development/sales skills
  • Knowledge of regulatory compliance requirements
  • Knowledge of financial analysis; credit analysis skills
  • Strong negotiation skills
  • Ability to stay abreast of industry trends, as well as legislation and regulations that impact the business
  • Excellent interpersonal and verbal and written communication skills
  • Excellent customer service and community relations skills
  • Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results
  • Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience
  • Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders
  • Travel up to 30% of time
  • Physical demands (ADA): The job requires a moderate degree of physical exertion and stamina such as standing, sitting, walking, driving or infrequent lifting
  • Education level preferred: Undergraduate Degree

Benefits

  • Medical
  • Dental
  • Vision
  • Life
  • Disability insurance
  • Comprehensive leave program

Company Overview

  • Thank you for visiting Flagstar Bank, N.A. on LinkedIn, and we look forward to being part of your financial journey. It was founded in 1987, and is headquartered in Troy, Michigan, USA, with a workforce of 5001-10000 employees. Its website is http://www.flagstar.com/.

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