Overview
This is a remote role that may be hired in several markets across the United States.
Responsible for facilitating the updating, monitoring, and maintaining of the Bank's Enterprise Risk Appetite Program, a Bank-wide program that defines the amount and type of risk the Bank is willing to accept in the pursuit of its business objectives. Execution of this Program requires risk management subject matter expertise to support and effectively challenge key stakeholders at the Business and Enterprise level.
This position is responsible for supporting Risk Appetite Team project management (e.g., execution, training, education, support), relationship management (e.g., coordination with applicable Second Line stakeholders), administration (e.g., organization of TeamSites and materials), and execution of effective challenge of the Risk Appetite Statement and Key Risk Indicators, inclusive of supporting analysis, documentation, and rationale. Additionally, this position is responsible for assisting in the creation of governance materials supporting Board approval of the Risk Appetite Statement.
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The Program also supports overall risk advisory including monitoring and connectivity with various Enterprise risk programs (e.g., Strategic Planning, Top & Emerging Risks, Material Risk Identification, Risk and Control Self Assessments). To perform this role, a high level of interaction is required with stakeholders at all levels of the organization.
Responsibilities
Principal Accountabilities:
- Facilitate the review and update of the Risk Appetite Statement (RAS), and associated Key Indicators (KIs), to ensure alignment with the Bank's risk appetite and strategic objectives.
- Assist with training Second Line on Program expectations regarding supporting analysis, documentation, and effective challenge of First Line Risk Appetite proposals.
- Develop templates and define expectations for submitting Risk Appetite proposals to senior management, governance groups, and the Board for review and approval.
- Evaluate Risk Appetite proposals individually and in aggregate to ensure completeness and cohesiveness across risk categories.
- Assist with monthly and quarterly Risk Appetite reporting, including the escalation of Risk Appetite threshold breaches and risk responses to the Board for approval.
- Execute on cascading the Risk Appetite Statement to governance groups and Business Units for KI development and reporting.
- Update and monitor adherence to the Risk Appetite Standards and Procedures in alignment with industry and regulatory expectations.
- Partner with key internal stakeholders to maintain awareness of organizational risk appetite.
- Identify process deficiencies and escalate applicable issues to management.
- Keep abreast of new and evolving risk management developments and industry changes.
- All other duties as assigned.
Bachelor's Degree and 1 years of experience in Risk Analytics or Analytics OR High School Diploma or GED and 5 years of experience in Risk Analytics or Analytics.
Additional Requirements:
- Knowledge of risk management techniques and practices
- Knowledge of regulatory guidance pertaining to Enterprise Risk (e.g., FDIC, OCC, FRB, CFPB)
- Excellent communication skills, both verbal and written
- Exceptional organization, analysis, and problem resolution skills with strong attention to detail
- Ability to accomplish objectives within deadlines
- Advanced Microsoft Office skills including Microsoft Excel and PowerPoint
- Understanding of financial and non-financial risk
- Large bank and/or supervisory risk management experience
- Project management experience
- Technical experience working in Risk Appetite Programs
- Enterprise Risk and/or Operational Risk experience
- Experience working with a GRC application (e.g., Archer)
This job posting is expected to remain active for 45 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.
The base pay for this position is generally between $75,000 to $110,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.
First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits.