First Line Risk Director Private Wealth

Description

Consumer Banking Risk has an immediate opening for a Private Wealth Risk Director. As the Private Wealth Risk Director, you will be responsible for managing all aspects of risk and compliance associated with a Private Wealth RIA, B/D and Trust Fiduciary, including direct support for the Chief Fiduciary and Chief Investment Officer, and the heads of the business. Candidate must possess a strong and in-depth RIA, B/D and Trust Fiduciary knowledge of the rules, regulations, and operational processes, including expertise in governing and managing the full client and investment management and due diligence lifecycle.

As the Director of First Line Risk, you will represent the first line of defense and lead the business development and execution of policies and procedures that mitigate various types of risk at Citizens. You will partner with the business and serve as a liaison, interfacing with Wealth Management business leaders to drive meaningful conversations on end-to-end risk and compliance policies within their function, strategize on solutions and mitigation activities, and develop remediation plans. You will promote a culture of risk and compliance awareness throughout Wealth Management and the bank by supporting the development of training and education on risk policies and practices. You will provide leadership, expertise, and guidance to your team to design, implement, and influence internal governance processes and controls. You will be accountable for ensuring Private Wealth and the broader Wealth Management is in compliance with all applicable regulatory requirements, and work in conjunction with the Compliance team to minimize potential risk. Additionally, in this role, you will have complete oversight of pilot programs, products, and strategies.

Experience in developing Private Wealth risk and compliance programs for dual-registered Broker-Dealer/Registered Investment Advisor, and RIA serving ultra-high net worth clients, 12 CFR 9 Trust and Fiduciary business, including exposure to Alternative Investments and 33 and 40 Act programs is a must.

At Citizens, were more than a bank and as a part of our team youre made ready for a fulfilling career with exciting new challenges and opportunities to stretch yourself Most importantly, youll feel valued for who you are and supported to achieve whats important to you, personally and professionally

Primary responsibilities include

+ Lead and direct the identification, and mitigation of material risks in the organization.

+ Lead the business in the development and execution of policies and procedures that mitigate various types of risk.

+ Oversee all components of the risk and compliance program and constantly monitor risks, requirements, policies, and procedures to ensure that risk is effectively managed within its Risk Appetite and complies with regulatory standards.

+ Design, implement, and/or influence internal governance processes. Manage Governance throughout the firm to ensure adherence to policies and procedures.

+ Advise and help senior management understand and manage risk and help to allocate capital in order to maximize risk-adjusted returns.

+ Reviews current policies and procedures to identify process gaps and opportunities for improvement.

+ Promote a culture of risk awareness and accountability through training, education, and risk management consultative support.

Qualifications:

+ 8-12+ years experience in Wealth Management Risk Management, Audit, or Compliance

+ 8+ years Risk and Compliance experience with advanced Broker-Dealer, Registered Investment Advisor, 12 CFR 9 Trust and Fiduciary business, including exposure to Alternative Investments and 33 and 40 Act programs.

+ Subject matter expert in the governance of investment management products and services, including direct support to the Chief Fiduciary and Investment Officer of the firm.

+ Accomplished background in brokerage, insurance, investment adviser, and general securities matters required.

+ Requires experience in working with multiple regulatory agencies such as FINRA, SEC, State Securities and State Insurance Divisions and Banking Regulatory Agencies.

+ Experience with Governance, Risk Management, and Compliance (GRC) platforms, preferably Archer.

+ Strong expertise, knowledge and understanding of regulatory and legislative guidelines.

+ Extensive experience managing projects including planning, implementation, and reporting.

+ Proven relationship management skills, strong track record of ability to build trust and credibility through communication, actions, and presence.

+ Extensive leadership skills including influencing without direct management.

+ Proven ability to work in a fast-paced environment with competing priorities.

+ Excellent communications skills, both written and verbal is a must.

Education:

+ Bachelors Degree OR at least 8 years of work experience with an Advanced Degree (e.g., Masters/MBA/JD/MD) OR at least 5 years of work experience with a PhD.

Hours & Work Schedule

+ Hours per Week: 40

+ Work Schedule: M-F 8-5

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleagues or a dependents reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.

Equal Employment and Opportunity Employer

Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.

Why Work for Us

At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.

08/30/2024