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Overview

This position is part of the Commercial Bank Product organization and will be responsible for consulting with, educating and supporting the execution of 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. Participates in risk identification and the assessment processes and risk-related trainings and procedure development. Ensures timely identification and escalation of risks and issues and consults with BU management surrounding key risk management issues to ensure the efficient and accurate execution of risk programs. This position serves as a subject matter expert and may provide guidance to other department associates as needed.

• Risk Oversight - Serves as a subject matter expert within the Product Organization providing guidance and process coaching to ensure appropriate and effective collaboration between the BU and Risk Management departments. Generates, analyzes, and utilizes BU Risk Reports to identify potential risks that may impact the BU and provides any needed clarification. Continuously tracks and reports on key indicators and limits and ensures timely escalation of breaches as required by the Risk Appetite Framework (RAF). Assists in the review and enhancement of internal controls, ensuring control testing is in place and results are in line with the Control Standards.

• Risk Collaboration - 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.

• Risk Governance - Maintains and utilizes strong understanding of business operations, risks, controls and related laws and regulatory guidance.
  Supports the BU's participation in relevant risk governance group meetings. Monitors and ensures the incorporation of Risk Limits into core BU processes. Provides necessary feedback and coordinates on relevant governance documents to support BU activities and manage risk. Prepares for external audits and provides materials to regulators. Works with senior management to execute the implementation of effective program policies, standards, and procedures.

Position Specific 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 risk.
• Knowledge of product management and supporting risk management programs within a product organization.

*Open to work hybrid from an office in Boston, Chicago, NYC, Phoenix, Salt Lake, Santa Clara and SFO.

In NYC and CA the base pay for this position is relative to your experience but the range is generally $117,075.00 - $202,930.00 per year. This position is eligible for variable compensation, which may be in the form of incentive, bonus, or commission pay. First Citizens offers a competitive, comprehensive benefits program which you can review here: https://jobs.firstcitizens.com/benefits.

Bachelor's Degree and 4 years of experience in Enterprise Risk or Operational Risk and Project Management or Internal/External Consulting, Business Risk Process Management, Product Management OR High School Diploma or GED and 8 years of experience in Enterprise Risk or Operational Risk and Project Management or Internal/External Consulting, Business Risk Process Management, Product Management.

First Citizens Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race (including traits historically associated with race, such as hair texture and protective hairstyles), color, religion, national origin, sex, age, disability, protected veteran status, sexual orientation, gender identity, genetic information, military membership, application, or obligation, or any other legally protected status.

Minimum Salary: 31200.00 Maximum Salary: 31200.00 Salary Unit: Yearly