First Citizens Bank
First Line Risk Manager
First Citizens Bank, Raleigh, North Carolina, United States, 27601
Overview:
This is a remote role that may be hired in several markets across the United States.This position is in the First Line Risk Management (FRM) Team supporting the Modeling & Analytics business unit. As an embedded 1LoD risk partner, this individual will be expected to consistently interact with business unit stakeholders responsible for developing, maintaining, and governing CECL, Capital, and Risk Rating Models.Individual will be expected to advise the M&A unit on associated Model risks and facilitate alignment with Model frameworks and standards. This FRM is expected to be resourceful and able to work cross-functionally to improve processes and the risk and control environment as it relates to the Modeling & Analytics business unit, including but not limited to contributions to Risk and Control Self-Assessments (RCSA), Issues Management, Model Risk Management, TPRM, and Business Continuity Planning processes.Responsibilities:Model Risk Development, Maintenance, Governance
Understand relevance, scope, and applicability of Models to key processes, including CECL, CCAR, and Risk Ratings. Identify and advise on management of Model risks, including through development and maintenance stages. Facilitate efficient management of any Model-related concerns and work with stakeholders to ensure timely and thorough resolution.Risk Advisory - Allowance, Capital, and/or Finance
Understanding of core end-to-end processes related to CECL, CCAR, Risk Ratings, and/or Model Development. Ability to advise on enhancement of the risk and control environment with an eye towards improving efficiency and an enhancing the risk profile. Deep understanding of dependencies and impacts across groups. Strong familiarity with CECL, SOX, and GAAP.Inventory Oversight & Management Risks, Controls, Models, Vendors
Understand the Risk, Control, Model, and Vendor inventories associated with the business unit and consistently facilitate/advise on any concerns with the BU and/or other stakeholders. Effectively digest and communicate up concerns as needed to ensure timely understanding, review, and if needed, remediation.Promote Proper Risk Culture
Drive proper risk awareness, ownership, and culture across the BU and the Enterprise. Educate on the risk frameworks, programs, and policies across the organization, including all associated expectations and requirements. Train the business unit as needed on recent, current, and/or future changes to the programs, explain what it means to them, and facilitate completion of any activities timely.
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 ConsultingPreferred Education: Advanced DegreePreferred Qualifications:Knowledge of core risk management techniques and practices (RCSA Development, Issue Management, BCP)Experience at a Large Financial Institution (LFI) with knowledge of regulatory guidance and expectationsIn-depth knowledge of risk & internal control practices with a history of implementing/enhancing control suitesDeep understanding of Finance, Accounting, Credit, and Models, and/or a combination of such at an LFISelf-starter and sound communicator with an ability to be creative and resourceful at a large organizationAbility to work effectively with associates, senior management, and various forums, including committeesAbility to understand and leverage data to identify concerns, relay the narrative, and offer solutionsProject & Change Management experience a plus, especially cross-functional exposure to Data, IT, and/or OpsThis job posting is expected to remain active for 45 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.If hired in North Carolina, the base pay for this position is generally between $80,727 and $123,782. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits.
This is a remote role that may be hired in several markets across the United States.This position is in the First Line Risk Management (FRM) Team supporting the Modeling & Analytics business unit. As an embedded 1LoD risk partner, this individual will be expected to consistently interact with business unit stakeholders responsible for developing, maintaining, and governing CECL, Capital, and Risk Rating Models.Individual will be expected to advise the M&A unit on associated Model risks and facilitate alignment with Model frameworks and standards. This FRM is expected to be resourceful and able to work cross-functionally to improve processes and the risk and control environment as it relates to the Modeling & Analytics business unit, including but not limited to contributions to Risk and Control Self-Assessments (RCSA), Issues Management, Model Risk Management, TPRM, and Business Continuity Planning processes.Responsibilities:Model Risk Development, Maintenance, Governance
Understand relevance, scope, and applicability of Models to key processes, including CECL, CCAR, and Risk Ratings. Identify and advise on management of Model risks, including through development and maintenance stages. Facilitate efficient management of any Model-related concerns and work with stakeholders to ensure timely and thorough resolution.Risk Advisory - Allowance, Capital, and/or Finance
Understanding of core end-to-end processes related to CECL, CCAR, Risk Ratings, and/or Model Development. Ability to advise on enhancement of the risk and control environment with an eye towards improving efficiency and an enhancing the risk profile. Deep understanding of dependencies and impacts across groups. Strong familiarity with CECL, SOX, and GAAP.Inventory Oversight & Management Risks, Controls, Models, Vendors
Understand the Risk, Control, Model, and Vendor inventories associated with the business unit and consistently facilitate/advise on any concerns with the BU and/or other stakeholders. Effectively digest and communicate up concerns as needed to ensure timely understanding, review, and if needed, remediation.Promote Proper Risk Culture
Drive proper risk awareness, ownership, and culture across the BU and the Enterprise. Educate on the risk frameworks, programs, and policies across the organization, including all associated expectations and requirements. Train the business unit as needed on recent, current, and/or future changes to the programs, explain what it means to them, and facilitate completion of any activities timely.
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 ConsultingPreferred Education: Advanced DegreePreferred Qualifications:Knowledge of core risk management techniques and practices (RCSA Development, Issue Management, BCP)Experience at a Large Financial Institution (LFI) with knowledge of regulatory guidance and expectationsIn-depth knowledge of risk & internal control practices with a history of implementing/enhancing control suitesDeep understanding of Finance, Accounting, Credit, and Models, and/or a combination of such at an LFISelf-starter and sound communicator with an ability to be creative and resourceful at a large organizationAbility to work effectively with associates, senior management, and various forums, including committeesAbility to understand and leverage data to identify concerns, relay the narrative, and offer solutionsProject & Change Management experience a plus, especially cross-functional exposure to Data, IT, and/or OpsThis job posting is expected to remain active for 45 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.If hired in North Carolina, the base pay for this position is generally between $80,727 and $123,782. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits.