First Citizens Bank
SVB Sr. Director First Line Risk Mgmt (Horizontal Compliance Lead) REMOTE
First Citizens Bank, Scottsdale, Arizona, us, 85261
This is a remote role that may be hired in several markets across the United States.
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 with the Company's Risk Appetite and Corporate Strategy. This position will manage a team that will engage with the BU 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 risk and serve as an effective communication channel between the Risk Management Department, regulators, and FCB BU's. First Line Risk Managers act as subject matter experts in regulatory engagements and provide feedback and counsel that promotes an environment of risk awareness and risk ownership across the organization. Develops and maintains collaborative partnerships with senior management across lines of business, internal departments, Risk Management program leaders, peer First Line Risk Managers, and other stakeholders to enhance BU risk management capabilities. Manages the recruitment, training, and development process for staff.
Responsibilities
Risk Strategic Activities - Partners with senior management to develop and implement risk management strategies ensuring key risks are appropriately managed and are aligned. Advises senior leadership on risk considerations for BU strategic plans. Effectively challenges risk programs outputs, ensuring bank and regulatory alignment.
Risk Governance & Reporting - Oversees the development of BU risk reports that provide a comprehensive view of risks impacting the BU. Monitors BU risk and control performance. Identifies Top and Emerging trends and actions to address impacts. Reports key indicators and limits to ensure timely escalation of breaches as required by the Risk Appetite Framework (RAF). Advises BU senior leadership in relevant risk governance meetings utilizing advanced understanding of the BU operations, risks, controls and related laws and regulatory guidance. Provides feedback and collaborates on relevant governance documents to support BU activities and manage risk. Drives the implementation of program policies, standards, and procedures. Ensures timely communication around current and emerging issues and regulatory requirements.
Risk Program Implementation - Supports BU in the development, implementation and maintenance of the organizations risk management framework, policies, and procedures. Coordinates risk assessments to evaluate and manage key risks. Manages book of work to identify gaps and assess capacity, ensuring alignment with strategic objectives and prioritization of risk management initiatives. Develops test plans and methodologies for evaluating the effectiveness of control activities, executes control testing procedures in accordance with the established test plan, identifies and supports remediation of control deficiencies. Lead the tracking and resolution of issues, ensuring timely escalation and remediation. Collaborates with BU and stakeholders to develop action plans and mitigation strategies to address root causes and prevent issue recurrence. Monitor the status and effectiveness of issue remediation efforts, providing regular updates and reports to senior management. Coordinate with other functions (i.e. Compliance, 2LOD) to ensure alignment with broader risk management and governance objectives.
Regulatory Engagement - Manage regulatory inquiries, examinations, and audits in collaboration with internal stakeholders. Coordinate 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.
Managerial Functions - Lead FRM team and establish expectations to achieve company and department goals. Makes appropriate changes to team policies, procedures, and efficiencies to meet objectives. Manages the performance, training, and evaluation of assigned 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 long- term staffing needs.
Qualifications
Bachelor's Degree and 12 years of experience in Financial Services, First Line Risk, Enterprise Risk or Operational Risk, Audit, or Compliance OR High School Diploma or GED and 16 years of experience in Financial Services, First Line Risk, Enterprise Risk or Operational Risk, Audit, or Compliance.
Preferred Qualifications:
Risk Management Principles / Frameworks / Programs, Commercial Business SME (e.g., Relationship Mgmt, Sales, Portfolio Mgmt, Loan Administration / MIddle Office, Underwriting / Credit, Products, Payments, FX, Trade Finance, Asset Mgmt, Syndications, Derivatives, Bond Tips, Corporate Banking, Middle Market Banking, Commercial / Equipment / Asset / Real Estate Finance, etc.) , RCSA, Issues Mgmt, 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 Mgmt & responses, Compliance SME, Credit SME, BSA/AML SME, International SME, Governance, Oversights, Model Risk, Third Party Risk, Risk Reporting, Metrics, Analytics, Communications, Project Mgmt
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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 with the Company's Risk Appetite and Corporate Strategy. This position will manage a team that will engage with the BU 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 risk and serve as an effective communication channel between the Risk Management Department, regulators, and FCB BU's. First Line Risk Managers act as subject matter experts in regulatory engagements and provide feedback and counsel that promotes an environment of risk awareness and risk ownership across the organization. Develops and maintains collaborative partnerships with senior management across lines of business, internal departments, Risk Management program leaders, peer First Line Risk Managers, and other stakeholders to enhance BU risk management capabilities. Manages the recruitment, training, and development process for staff.
Responsibilities
Risk Strategic Activities - Partners with senior management to develop and implement risk management strategies ensuring key risks are appropriately managed and are aligned. Advises senior leadership on risk considerations for BU strategic plans. Effectively challenges risk programs outputs, ensuring bank and regulatory alignment.
Risk Governance & Reporting - Oversees the development of BU risk reports that provide a comprehensive view of risks impacting the BU. Monitors BU risk and control performance. Identifies Top and Emerging trends and actions to address impacts. Reports key indicators and limits to ensure timely escalation of breaches as required by the Risk Appetite Framework (RAF). Advises BU senior leadership in relevant risk governance meetings utilizing advanced understanding of the BU operations, risks, controls and related laws and regulatory guidance. Provides feedback and collaborates on relevant governance documents to support BU activities and manage risk. Drives the implementation of program policies, standards, and procedures. Ensures timely communication around current and emerging issues and regulatory requirements.
Risk Program Implementation - Supports BU in the development, implementation and maintenance of the organizations risk management framework, policies, and procedures. Coordinates risk assessments to evaluate and manage key risks. Manages book of work to identify gaps and assess capacity, ensuring alignment with strategic objectives and prioritization of risk management initiatives. Develops test plans and methodologies for evaluating the effectiveness of control activities, executes control testing procedures in accordance with the established test plan, identifies and supports remediation of control deficiencies. Lead the tracking and resolution of issues, ensuring timely escalation and remediation. Collaborates with BU and stakeholders to develop action plans and mitigation strategies to address root causes and prevent issue recurrence. Monitor the status and effectiveness of issue remediation efforts, providing regular updates and reports to senior management. Coordinate with other functions (i.e. Compliance, 2LOD) to ensure alignment with broader risk management and governance objectives.
Regulatory Engagement - Manage regulatory inquiries, examinations, and audits in collaboration with internal stakeholders. Coordinate 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.
Managerial Functions - Lead FRM team and establish expectations to achieve company and department goals. Makes appropriate changes to team policies, procedures, and efficiencies to meet objectives. Manages the performance, training, and evaluation of assigned 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 long- term staffing needs.
Qualifications
Bachelor's Degree and 12 years of experience in Financial Services, First Line Risk, Enterprise Risk or Operational Risk, Audit, or Compliance OR High School Diploma or GED and 16 years of experience in Financial Services, First Line Risk, Enterprise Risk or Operational Risk, Audit, or Compliance.
Preferred Qualifications:
Risk Management Principles / Frameworks / Programs, Commercial Business SME (e.g., Relationship Mgmt, Sales, Portfolio Mgmt, Loan Administration / MIddle Office, Underwriting / Credit, Products, Payments, FX, Trade Finance, Asset Mgmt, Syndications, Derivatives, Bond Tips, Corporate Banking, Middle Market Banking, Commercial / Equipment / Asset / Real Estate Finance, etc.) , RCSA, Issues Mgmt, 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 Mgmt & responses, Compliance SME, Credit SME, BSA/AML SME, International SME, Governance, Oversights, Model Risk, Third Party Risk, Risk Reporting, Metrics, Analytics, Communications, Project Mgmt
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