First Line Risk Manager

Overview

This position is in the First Line Risk Management (FRM) Team for the First Citizens Wealth Business, which includes Investment Advisory, Trust, Asset Management and Private Banking. The First Line Risk Manager role is part of the first line of defense and is responsible for consulting with, educating and supporting the First Citizens Wealth Business 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. A key component of this position is driving problem solving, prioritization and risk identification/mitigation in fast-paced environments and it requires a deep understanding of the business needs and priorities. The ability to capture, understand, report, and maintain large amounts of information is essential. A person who is highly organized, passionate about problem solving, and enjoys the mastery of details is ideal for this job. The right person thrives in a high performance and fast-paced environment, working with a world class team of wealth advisors and bankers.

• Risk Oversight - Serves as a subject matter expert providing guidance and process coaching to First Citizens Wealth Business Unit (BU) 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.

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 Consulting

Preferred Education: Advanced Degree

Skill(s): 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