First Citizens Bank

Overview

As a risk professional, this position is responsible for the support and execution of various risk programs and activities within Risk Management, adhering to the Bank’s Risk Appetite and Corporate Strategy. This role is responsible for engaging with Second Line teams in management of risks and controls across all risk types. Facilitates and/or monitors execution of risk policies, standards, procedures and/or program requirements. Serves as an effective communication channel between the Risk Management Department, regulators, and Risk Management stakeholders. Influences cross-functionally without direct authority.

Responsibilities

• Risk & Controls Knowledge and Expertise - Maintains and utilizes a deep understanding of the complexities inherent in the organization’s business environment, including industry markets, products, services, client-base and competitive landscape. Ability to analyze and interpret business trends and drivers to identify underlying patterns, interdependencies and emerging opportunities and risks. Collaborates with cross-functional teams to assess the impact of external factors including regulatory changes, market disruptions or business operations and strategy.
• Risk Program Execution - Oversees the implementation and maintenance of the risk management framework. Assists the composition and regular maintenance of policies, standards and procedures that support risk program execution. Coordinates risk assessments to evaluate and may manage key risks across the BU, including managing updates to the RCSA to ensure alignment with program construct, compliance with RCSA and Enterprise Control Assurance Standards, and appropriate identification of current risks and controls. Manages book of work to identify gaps and assess capacity, ensuring alignment with strategic objectives and prioritization of risk management initiatives. Directs the tracking and resolution of issues across the organization, ensuring timely escalation and remediation as well as assessing issues for adherence to Enterprise Issues Management Standards. Monitors the status of effectiveness of issue remediation efforts, providing regular metric-focused and thematic updates and reports to senior management. Coordinate with other functions within second line to ensure alignment with broader risk management and governance objectives.
• Regulatory Engagement - Participates in regulatory inquires, examinations, and audits in collaboration with internal stakeholders. Review and advise on regulatory submissions, response, and report requirements, ensuring accuracy, completeness, and timely submission. Monitors regulatory developments and findings and assesses their potential impact on the organization’s risk profile and regulatory compliance.
• Risk Governance & Reporting - . Prepare regular risk reports and presentations summarizing key risk indicators, risk trends, emerging risks, and risk mitigation efforts for financial and non-financial risk stripes to provide senior management with timely and actionable insights into risk profile and risk management activities. Monitor the effectiveness of risk reporting processes and tools, identifying areas of optimization. Facilitate governance (i.e. Forums) and communication routines with the BU team to ensure appropriate distribution of risk program related information.

Qualifications

Bachelor's Degree and 8 years of experience in Financial Services, First Line Risk Management, Enterprise Risk or Operational Risk OR High School Diploma or GED and 12 years of experience in Financial Services, First Line Risk Management, Enterprise Risk or Operational Risk

Preferred Area of Study: Financial Services, First Line Risk Management, Enterprise Risk or Operational Risk

Preferred Area of Experience:Project Management or Internal/External Consulting

License or Certification Type: CRCM, PMP, CERP, CAMS; ISACA CISA, ISACA CRISC

Preferred Skill(s): Knowledge of risk techniques, practices, and control frameworks, Knowledge of various banking and government regulatory requirements and processes, Knowledge of regulatory guidance pertaining to enterprise risk and operational risk, Ability to work effectively with associates, senior management, and various committees

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.