Business Architect

Flagstar Bank

New York, NY

JOB DETAILS
SKILLS
Acceptance Testing, Agile Programming Methodologies, Analysis Skills, Applications Security, Architectural Analysis, Architectural Services, Backlog Prioritization, Banking Services, Business Analysis, Business Architecture, Business Case, Business Model, Business Processes, Business Solutions, Business Strategy, Business Support, Certified Scrum Product Owner, Change Management, Communication Skills, Continuous Improvement, Cross-Functional, Customer Experience, Customer Relations, Data Collection, Detail Oriented, DevOps, Documentation, Documentation Review, Embedded Systems, Enterprise Architecture, Establish Priorities, Federal Deposit Insurance Corp (FDIC), Financial Services, Functional Requirements Document (FRD), Interpersonal Skills, Leadership, Maintain Compliance, Mentoring, Microsoft Office, Microsoft Visio, Microsoft Windows Azure, Multitasking, Needs Assessment, Onboarding, Organizational Skills, People Management, Physical Demands, Privacy Controls, Problem Solving Skills, Process Flow, Process Improvement, Process Modeling, Product Planning, Project/Program Coordination, Project/Program Management, Quality Assurance Methodology, Regulatory Compliance, Regulatory Requirements, Requirements Management, Requirements Validation/Verification, Risk, Risk Management, Risk Management Framework (RMF), Sarbanes-Oxley Act (SOX), Scrum Project Management and Software Development, Security Architecture, Service Level Agreement (SLA), Software Development Lifecycle (SDLC), Software Testing, Sprint Planning, Support Documentation, Team Lead/Manager, Technical Delivery, Technical Leadership, Technical Presentation, Technical Strategy, Threat Modeling, Time Management, Willing to Travel, Writing Skills
LOCATION
New York, NY
POSTED
8 days ago

Position Title

Business Architect

Location

New York, NY 10018

Job Summary

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

Job Responsibilities:

Acts as the business architect for assigned business lines and product delivery teams, ensuring alignment between business strategy and technology solutions within the product operating framework. Partners with the Technology Line of Business Lead, Product Security Leader, and Business Unit Risk Manager (BURM) to translate business strategy, capabilities, and operating model requirements into prioritized delivery artifacts. Drives Technology Review Board gate approvals by ensuring initiatives are aligned to target-state business architecture, value realization objectives, and enterprise standards.

This role is accountable for eliciting, documenting, and managing business architecture artifacts including business capabilities, value streams, business processes, and requirements; decomposing these into epics, features, and user stories that align with product and platform roadmaps. Facilitates cross-stakeholder alignment to ensure business process design, regulatory compliance, and operational readiness are embedded throughout the delivery lifecycle. Acts as a business advocate and architectural steward, ensuring technology deliveries measure business outcomes while maintaining risk, compliance, and governance integrity.

Pay Range: $211,973 - 234,971 - 260,292

JOB RESPONSIBILITIES

  • Lead architectural discovery and requirements definition by partnering with business and technology stakeholders to define business objectives, scope, success criteria, and develop business case justifications for technology initiatives.
  • Own the decomposition of business architecture into epics, features, and user stories, ensuring alignment with target-state architecture, non-functional requirements, and platform standards; collaborate with Tech Leads and SRE teams during sprint planning, backlog prioritization, refinement, and release planning.
  • Prepare, maintain, and present Technology Review Board (TRB) artifacts, including Initial Design Review business justification, Production Release Review documentation, and Major Architecture Modification impact assessments to support architectural governance and decision-making.
  • Develop and maintain architecture-aligned documentation including business and system process flows, BRDs, FRDs, logical and physical architecture views, integration diagrams, and supporting user documentation and training materials.
  • Partner with the Product Security Leader to define security architecture requirements, document application data flows, contribute to threat modeling, and ensure implementation of application-specific security and privacy controls.
  • Collaborate with the Business Unit Risk Manager (BURM) to assess regulatory and compliance impacts on solution architecture, contribute to risk registers, and support control design and audit evidence for architectural controls.
  • Define and validate architectural non-functional requirements including SLAs, SLOs, resiliency, performance, and availability; coordinate User Acceptance Testing (UAT) and lead post-implementation architectural reviews to confirm alignment with target-state outcomes.
  • Define vendor and third-party architectural requirements, including integration patterns and SLA expectations; support vendor onboarding, architecture alignment reviews, and business change management activities including training and adoption planning.

ADDITIONAL ACCOUNTABILITIES

  • Performs special projects, and additional duties and responsibilities as required.
  • Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.

JOB REQUIREMENTS

Required Qualifications:

  • Education level preferred: High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent
  • Minimum experience required: 10+ Years in business architecture and analysis, product ownership, or technology project management with experience in Agile/Scrum methodologies
  • Experience with requirements management and collaboration tools (Confluence, Azure DevOps) and proficiency in creating user stories, acceptance criteria, and business process documentation
  • Demonstrated experience facilitating cross-functional teams, stakeholder workshops, and presenting to senior leadership

Preferred Qualifications:

  • Education level preferred: Undergraduate Degree (4 years or equivalent)
  • Certified Business Analysis Professional (CBAP), PMI-PBA, or Certified Scrum Product Owner (CSPO) preferred.
  • Banking or financial services experience with understanding of regulatory compliance (OCC, FDIC) and risk management frameworks preferred.

Job Competencies:

  • Strong business analysis skills with ability to elicit, document, and validate complex business requirements.
  • Proficiency in Agile/Scrum methodologies, backlog management, and sprint/release planning processes.
  • Understanding of technology governance frameworks, gate review processes, and enterprise architecture principles.
  • Excellent stakeholder management and facilitation skills with ability to drive consensus across diverse groups.
  • Knowledge of security requirements gathering, data classification, and compliance documentation practices.
  • Strong project coordination skills with experience managing timelines, dependencies, and deliverables.
  • Excellent presentation, documentation, and written communication skills for executive and technical audiences.
  • Strong interpersonal skills with ability to build relationships across business and technology teams.
  • Detail-oriented with strong analytical and problem-solving abilities.
  • Proficiency in Microsoft Office suite, Confluence, and business process modeling tools (Visio, Lucidchart).
  • Ability to translate technical concepts into business-friendly language and vice versa.
  • Ability to manage multiple priorities and deliver results in a fast-paced environment.
  • Understanding of software development lifecycle, testing methodologies, and quality assurance processes.
  • Ability to mentor and guide junior business analysts and coordinate work across team members.
  • Flexibility to adapt to changing business priorities and evolving project requirements.
  • Ability to work effectively with all levels of staff, management, and external stakeholders.
  • Understanding of PXT framework and cross-functional collaboration models.
  • Knowledge of risk management principles and regulatory compliance requirements in banking.
  • Effective communication skills for presenting to Technology Review Board and executive leadership.
  • Proactive mindset with focus on continuous improvement and process optimization.
  • Ability to develop training materials and support business adoption of new technology solutions.
  • 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.
  • Minimal travel required
  • Physical demands (ADA): No unusual physical exertion is involved.

About the Company

F

Flagstar Bank

On December 1, 2022, New York Community Bank (NYCB) and Flagstar Bank joined together to become one company. Today, New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The company is headquartered in Hicksville, New York.

At June 30, 2024, the company had assets of $119.1 billion. We operate over 400 branches across 10 states, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and on the West Coast. Flagstar Mortgage operates nationally through a wholesale network of approximately 3,000 third-party mortgage originators.

We believe in cultivating a diverse, inclusive, and respectful workplace that engages employees, broadens perspectives, and encourages teamwork. We hire people who represent the talents, experiences, backgrounds, and diversity of the communities we serve. Together our goal is to deliver a new energy in banking to our customers, opening new doors for financial and personal success. Customers will have access to a broad spectrum of technology, products and services—all with a shared customer-first approach. Relationships are at the center of all that we do, enhanced by our commitment to delivering local market expertise, personalized solutions, and a long-standing focus on strengthening our communities. Follow us on LinkedIn to stay up to date on news and updates, new hires, community initiatives, access to our collective insights, and banking industry updates that you need to know..

COMPANY SIZE
1,000 to 1,499 employees
INDUSTRY
Financial Services
WEBSITE
http://www.flagstar.com