Overview
This is a remote role that may be hired in several markets across the United States.
This position is responsible and accountable for oversight and management of Business Unit (BU) risk activities, in adherence with the Company's Risk Appetite and Corporate Strategy. The position ensures team serves as an effective communication channel between the Risk Management Department and FCB business units. Participates in strategy discussions and provides input to promote an environment of risk awareness and risk ownership across the organization. Builds and develops collaborative partnerships with senior management across lines of business, internal departments, Risk Management program leaders, peer First Line Risk Managers, and other stakeholders to enhance BU risk management capabilities. Manages the recruitment, training, and development process for staff.
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Responsibilities
- Risk Strategic Activities - Works with senior management to create risk management strategies ensuring key risks are appropriately managed and are aligned. Provides BU risk considerations for business/strategic plans. Effectively challenges risk programs outputs, ensuring bank and regulatory alignment. Manages and recommends enhancements to internal controls, ensuring control testing is in place and results are in line with the Control Standards.
- Risk Oversight - Develops BU Risk Reports that provide comprehensive view of risks that impact the BU and reviews risk and control performance to ensure clarity. Identifies and summarizes Top and Emerging trends in BU Risk Management, making recommendations to address impact. Manages the tracking and reporting of key indicators and limits to ensure timely escalation of breaches as required by the Risk Appetite Framework (RAF). Oversees and ensures that established BU Risk Limits are appropriately incorporated into core processes and are aligned with the Bank's risk appetite.
- Risk Governance - Supports BU participation in relevant risk governance group meetings utilizing advanced 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.
- Managerial Functions - Establishes and monitors expectations to achieve company and department goals. Makes appropriate changes to team policies, procedures, and efficiencies to meet objectives. Manages the performance, training, and evaluation of assigned staff. Maximizes department achievements by providing professional development. Participates in mandatory risk training and educates BU personnel on key risk programs and topics. Develops and manages short- and long- term staffing needs.
Bachelor's Degree and 10 years of experience in Enterprise Risk or Operational Risk, Audit, or Compliance OR High School Diploma or GED and 14 years of experience in Enterprise Risk or Operational Risk, Audit, or Compliance
Preferred Education: Advanced Degree
Preferred Area of Experience: Financial Services, Project Management or Consulting (internal or external)
Skill(s): Knowledge of operational and enterprise risk management including identification, assessment, and escalation of risk issues., Ability to track and coordinate large, complex processes , Knowledge of regulatory guidance pertaining to enterprise and operational risk as well as risk control frameworks, PC Skills including Microsoft Visio, Excel, and PowerPoint
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.
For NC the base pay for this position is relative to your experience but the range is generally $141,875.00 - $245,917.00 per year.
For MA the base pay for this position is relative to your experience but the range is generally $149,000.00 - $258,267.00 per year.
For IL, AZ & UT the base pay for this position is relative to your experience but the range is generally $156,063.00 - $270,508.00 per year.
For CA the base pay for this position is relative to your experience but the range is generally $70,250.00 - $295,100.00 per year.
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.
Regulatory Engagement, Commercial Business SME, Strong executive presence, Risk Management / Frameworks / Programs, Credit SME, Compliance SME, BSA/AML SME, Stakeholder Engagement SME, Regulatory Remediation, Reporting, Analyticis, Project Mgmt