Director Business Risk

Director Business Risk & Controls Advisory Join to apply for the Director Business Risk & Controls Advisory role at First Citizens Bank Overview This is a remote role that may be hired in the Boston area. This position is a first line of defense risk professional responsible for support and execution of various risk programs and Business Unit (BU) risk activities in adherence to the Companys Risk Appetite and Corporate Strategy. Manages associates and/or teams that engage with business risks and controls across all risk types. Facilitates and/or monitors execution of risk policies, procedures, and program requirements. Provides guidance to effectively manage risks. Manages the communication of risk related information and serves as an effective communication channel between the Risk Management Department, regulators, and FCB business units. Participates in strategy discussions to promote risk awareness and ownership across the organization. Builds collaborative partnerships with senior management across lines of business, internal departments, Risk Management program leaders, peer managers within first line of defense risk, and other stakeholders to enhance the BUs risk management capabilities. Manages recruitment, training, and development processes for staff. Specifically, this role is part of the Commercial Bank Business Risk and Controls Team, serving as a risk advisor aligned to the Chief Lending Office in Commercial Bank and providing horizontal credit risk advisory services. The candidate should be a credit risk SME with an advanced understanding of underwriting, credit solutions, loan administration, and relevant regulatory expectations. Responsibilities Risk Strategic Activities Works with Business Risk & Controls leader and senior management to create risk management strategies ensuring key risks are appropriately managed and aligned. Provides BU risk considerations for business and/or strategic plans. Effectively challenges risk program outputs, ensuring bank and regulatory alignment. Manages and recommends enhancements to internal controls, ensuring control testing is in line with control standards. Risk Governance and Reporting Oversees the development of BU risk reports that provide a comprehensive view of risks impacting the BU and monitors BU risk and control performance. Identifies and summarizes top and emerging trends and actions needed to address impacts. Ensures established BU risk limits are appropriately incorporated into core processes and aligned with the banks risk appetite. Advises BU senior leadership in relevant risk governance meetings, utilizing an understanding of BU operations, risks, controls, and regulatory guidance. Ensures timely communication around current and emerging issues and regulatory requirements. Risk Program Implementation Provides feedback and collaborates on governance documents to support BU activities and manage risk. Supports implementation of risk program policies, standards and procedures. Coordinates risk assessments to evaluate and manage key risks. Partners with BU stakeholders to develop action plans and mitigation strategies to address root causes and prevent issue recurrence. Coordinates with other functions (e.g., Compliance, 2LOD) to ensure alignment with broader risk management objectives. Participates in regulatory inquiries, examinations, audits, and submits regulatory responses, ensuring accuracy, completeness, and timely submission. Managerial Functions Makes appropriate changes to team processes, procedures and efficiencies to meet objectives. Manages performance training and evaluation of 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 longterm staffing needs. Qualifications Bachelors Degree and 10 years of experience in Financial Services, First Line Risk Management, Enterprise Risk or Operational Risk. or High School Diploma or GED and 14 years of experience in Financial Services, First Line Risk Management, Enterprise Risk or Operational Risk. Desired Skills Risk Management Principles, Frameworks, Programs, and an SME within the Commercial Business (e.g., Relationship Management, Sales, Portfolio Management, Loan Administration/Middle Office, Underwriting/Credit, Products, Payments, FX, Trade Finance, Asset Management, Syndications, Derivatives, Bond Tips, Corporate Banking, Middle Market Banking, Equipment, Real Estate Finance, etc RCSA, Issues Management, Mitigation Planning, Operational Risk Events, Risks & Controls Documentation, Control Testing, Risk Assessment, Risk Identification & Mitigation, Risk Profile/Tolerance/Appetite/Concentrations, Regulatory/Audit/Compliance/Testing Engagement Management, Compliance SME, Credit SME, BSA/AML SME, International SME, Governance, Oversights, Model Risk, Third Party Risk, Risk Reporting, Metrics, Analytics, Communications, and Project Management. Preferred Skills 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. Preferred Area of Experience Management in Financial Services, Project Management, Internal or External Consulting Preferred Area of Study Finance or Risk Management License or Certification Type CRCM, PMP, CERP, CAMS; ISACA CISA, ISACA CRISC Compensation Base pay range: $146,000 - $194,000 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 other awards as outlined in the offer of employment. Benefits 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 #J-18808-Ljbffr