Senior Risk Manager

4 days ago


Charlotte, North Carolina, United States First Citizens Bank Full time

Job Summary

This role is responsible for supporting the branch network in risk management and execution of various risk programs and activities in adherence with the Company's Risk Appetite and Corporate Strategy.

Main Responsibilities

  • Engage with the Branch in management of risks and controls across all risk types
  • Facilitate and/or monitor execution of risk policies, procedures, and/or program requirements
  • Provide advisory to effectively manage risks and serve as an effective communication channel between the Risk Management Department, regulators, and FCB business units
  • May manage the work of others and act as a mentor to associates

Key Activities

  • Support risk processes including the identification, documentation, and substantiation of key processes, risks, and controls
  • Develop and monitor key risk indicators
  • Support creation of risk reporting for Branch Banking leadership
  • Advise and provide guidance on risk activities and assessments
  • Identify and escalate risks, monitor issues, and engage with business in creation of mitigation plans
  • Develop control assurance test plans and execute on-site testing
  • Partner with second and third lines in testing, audits, and exams

Risk Strategic Activities

  • Work with FRM leader and senior management to create risk management strategies ensuring key risks are appropriately managed and aligned
  • Provide BU risk considerations for business/strategic plans
  • Effectively challenge risk programs outputs, ensuring bank and regulatory alignment

Risk Program Implementation

  • Support the development, implementation, and maintenance of the organization's risk management framework, policies, and procedures
  • Coordinate risk assessments to evaluate and manage key risks across the organization
  • Manage book of work to identify gaps and assess capacity, ensuring alignment with strategic objectives and prioritization of risk management initiatives
  • Develop test plans and methodologies for evaluating the effectiveness of control activities, execute control testing procedures in accordance with the established test plan, identify and support remediation of control deficiencies
  • Monitor the status and effectiveness of issue remediation efforts, providing regular updates and reports to senior management

Regulatory Engagement

  • Participate in regulatory inquiries, examinations, and audits in collaboration with internal stakeholders
  • Support regulatory submissions, response, and reporting requirements, ensuring 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

  • Develop BU risk reports that provide a comprehensive view of risks impacting the BU
  • Monitor BU risk and control performance
  • Identify and summarize BU Top and Emerging trends and actions to address impacts
  • Report key indicators and limits to ensure timely escalation of breaches as required by the Risk Appetite Framework (RAF)
  • Advise BU senior leadership in relevant risk governance meetings utilizing understanding of the BU operations, risks, controls, and related laws and regulatory guidance
  • Provide feedback and collaborate on relevant governance documents to support BU activities and manage risk
  • Drive the implementation of program policies, standards, and procedures
  • Ensure timely communication around current and emerging issues and regulatory requirements

Requirements

  • Bachelor's Degree and 8 years of experience in Financial Services and First Line Risk, Enterprise Risk, or Operational Risk
  • High School Diploma or GED and 12 years of experience in Financial Services and First Line Risk, Enterprise Risk, or Operational Risk

Preferred Area of Experience

  • Project Management or Internal/External Consulting
  • 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 risk

Benefits

Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined.


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