Overview
This is a remote role that may be hired in several markets across the United States. The preferred locations are: AZ, CA, CO, NC, TX, UT
This position will be supporting corporate function processes in the Strategy Organization. To be successful in the role the candidate should have experience in thinking out of the box and ability to devise risk solutions (quantitative and qualitative) to support new and evolving activities.
Experience in strategic risk at large financial institutions as well as excellence in execution, attention to detail and flexibility are essential. Experience in Merger and integration, enterprise-wide risk programs development / management and strategic planning are essential.
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In this advisory position, relationship management and communication skills are paramount to success. The successful candidate will need to be able to interact and influence senior and executive level leadership to assist in devising complex risk and control framework and processes. Fluidity with data management and arranging data in a logical manner that will support analysis is also strongly sought for this role.
As a first line of defense risk professional, this position is responsible for Business Unit (BU) risk activities in adherence with the Company's Risk Appetite and Corporate Strategy. Supports the management of business risks and controls across all risk types. Enables and/or monitors execution of risk policies, standards, procedures and/or program requirements. Provides advisory services to manage risks. Facilitates effective communication between the business, the 2nd & 3rd line, and regulators. Influences achievement of shared department goals. Acts as a mentor to associates.
Responsibilities
- Risk Strategic Activities - Works with Business Risk & Controls leader and senior management to oversee risk management strategies ensuring key risks are appropriately managed and are aligned. Provides BU risk considerations for business/strategic plans. Reviews and challenges risk programs outputs, ensuring bank, framework, and regulatory alignment.
- Business Risk Management Support - Supports the execution and implementation of policies, standards, and procedures with BU associates in alignment with the Company's risk management framework. Aids the business in identifying risks & control gaps. Leads the tracking and resolution of issues across the organization, ensuring timely escalation and remediation. Collaborates with BU and stakeholders to develop and execute on action plans and mitigation strategies to address root causes & prevent recurrence. Monitors the status and effectiveness of issue remediation efforts, providing regular updates and reports to senior management. Coordinates with other functions (i.e. Compliance, 2LOD) to ensure alignment with broader risk management and governance objectives. Supports prioritization and capacity assessment, ensuring resource alignment with strategic objectives and risk management initiatives. 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. Interpret and operationalize 2nd line requirements for business area. Collaborate with cross-functional teams to assess the impact of external factors including regulatory changes, market disruptions or business operations and strategy.
- Regulatory and Internal Audit Engagement - Participates in regulatory and Internal Audit inquiries, examinations, and audits in collaboration with internal stakeholders. Support the business development of regulatory submissions, response and reporting requirements, driving accuracy, completeness, and timely submission. Monitor regulatory developments and findings and assess their potential impact on the organization's risk profile and regulatory compliance.
- Risk Governance & Reporting - Develops BU risk reports that provide a comprehensive view of risks impacting the BU. Monitors BU risk and control performance. Effectively manages and summarizes top and emerging risks and actions to address impacts. Reports key indicators and limits to ensure timely escalation of breaches as required by the Risk Appetite Framework (RAF). Advises BU senior leadership in relevant risk governance meetings utilizing understanding of the BU operations, risks, controls and related laws and regulatory guidance. Provides feedback and collaborates on relevant governance documents to support BU activities and manage risk. Drives the implementation of program policies, standards, and procedures. Ensures timely communication around current and emerging issues and regulatory requirements.
Bachelor's Degree and 6 years experience in Financial Services, First Line Risk Management, Enterprise Risk, or Operational Risk
OR
High School Diploma or GED and 10 years experience in Financial Services, First Line Risk Management, Enterprise Risk, or Operational Risk
Preferred:
- 10+ years experience in Internal or External Consulting, Management and or Risk Consulting (Big 4 experience)
- Experience in Merger and integration, enterprise-wide risk programs development, management and strategic planning
- Experience in strategic risk at Large Financial Institutions
- Analytical skillset (ability to arrange such as with Tableau, mapping processes with Visio or other software), Project Management preferred
- Strong relationship management and communication skills.
- Ability to influence senior and executive level leadership in complex risk and control framework and processes.
- Bachelor's degree in Finance or Risk Management or Internal Audit (CIA)
- 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
- Certifications: CRCM, PMP, CERP, CAMS; ISACA; CISA; CIA, ISACA CRISC are preferred
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.
If hired in CO, the base pay for this position is generally between $137,739 and $185,000. If hired in CA the base pay for this position is generally between $150,261 and $210,000. 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
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