First Line Risk Manager

4 weeks ago


Raleigh, United States First Citizens Bank Full time

Overview: This position is responsible for consulting with, educating and supporting the Business Units (BU) within the Business Services Department on the execution of the first line risk programs, promoting an environment of risk awareness and risk ownership across the Bank while adhering to the Company’s Risk Appetite and Corporate Strategy. The Business Services organization is comprised of the following lines of business: Insurance Services, International Banking Services, Small Business Administration (SBA), Merchant Services, Treasury Management, Hemp Business, Equipment Finance and Leasing, Direct Business Solutions, Shared Services and Community Association Banking. This individual will be expected to participate in all components of the risk management lifecycle, which include planning, risk identification and assessment, risk mitigation/control, monitoring and reporting, as well as testing. This role will partner with BU management in ensuring timely identification and escalation of risks and issues, as well as management and sound execution of risk programs. This position serves as a subject matter expert and may provide guidance to other department associates as needed. Responsibilities: Participate in identifying, assessing, managing and mitigating current and emerging risk exposures within the various Business Services DepartmentsServe as a subject matter expert providing guidance and process coaching to BU teams to ensure appropriate and effective collaboration between the BU and Second Line of Defense. Generates, analyze, and utilizes BU Risk Reports to identify potential emerging risks that may impact the BU and provides any needed clarification. Continuously track and report on key indicators and limits and ensure timely escalation of breaches as required by the Risk Appetite Framework (RAF). Provide risk management consulting to support the BU in designing and implementing risk mitigation strategies, business processes, and business controls.Assesses impact and provides education around current and emerging issues and regulatory requirements with senior management and BU key stakeholders. Participates in mandatory risk training and educates BU personnel on key risk programs and topics.Maintain and utilize strong understanding of business operations, risks, controls and related laws, rules and regulatory guidance. Support the BU’s participation in relevant risk governance group meetings.Monitor, measure, evaluate and report on the impact of decisions and controls to the relevant business group, and ensures the incorporation of Risk Limits into core BU processes. Prepares for external audits and provides materials to regulators. Works with senior management to execute the implementation of effective risk program policies, standards, and procedures. Qualifications: Bachelor's Degree and 6 years of experience in Enterprise Risk or Operational Risk, and Project Management or Internal/External Consulting OR High School Diploma or GED and 10 years of experience in Enterprise Risk or Operational Risk, and Project Management or Internal/External ConsultingRequired Skills: - Knowledge of risk techniques, practices, and control frameworks- Knowledge of various banking and government regulatory requirements and processes- Ability to work effectively with associates, senior management, and various committees- Knowledge of regulatory guidance pertaining to enterprise risk and operational riskPreferred Education: Advanced DegreePreferred Qualifications:- Direct First-Line Risk & Control Management Experience- Resides in NC, SC or VA or the ability to relocate to one of these locations



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