LOB Risk Expert - Corporate & Institutional Banking (C&IB) Risk
About The Position
Governs the risk management program for a line of business through developing risk management strategies and overseeing program execution. Supervises the development of a comprehensive Risk Management Framework to define control expectations in a consistent and transparent management approach. Champions the risk management programs and is accountable for setting strategic direction and stability for relevant business functions. Oversee execution of the risk management program within and/or across the lines of business to ensure bank is meeting federal, state, agency, legal and regulatory requirements. Increase the stability and predictability of operations and processes within a manageable risk appetite. Leads risk identification and assessment in working with the businesses and other risk partners (e.g., Compliance, Credit, Legal, Audit). Oversee and executes changes in internal and external factors and identifies emerging risks. Responsible for the development and execution of policy and procedure and provides complex technical subject matter findings, recommendations and results and trends to the organization, executive management and appropriate management committees. Ensure financial (risk & performance) and non-financial (risk & performance) business reporting inventories exist and provide appropriate shared sight-lines to all material aspects of business risk & performance, and are reviewed and discussed as appropriate with managers, Executives and/or in formal governance forums. Coordinate LOB Risk Committee Agenda, materials and minutes. Monitor Risk Appetite/KRI metrics reporting and ensure limit breach plans are appropriate to manage risk with respective LOB owners to ensure remediation actions are appropriate.
Requirements
- University / college degree.
- Industry relevant experience is typically 8+ years.
- Knowledge, skills, and abilities for the role.
- Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
- Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.
- Subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.
Nice To Haves
- Higher level education such as a Masters degree, PhD, or certifications is desirable.
- Specific certifications are often required.
- In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
- Change Management
- Conflict Management
- Crisis Management
- Emerging Risks
- Influencing Change
- Operations Management
- Risk Management Programs
- Strategic Planning
Responsibilities
- Establishment and oversight of Line of Business risk strategies and program execution.
- Serve as a senior risk advocate for the risk management program, process owner and/or regulatory relationship liaison.
- Establish line of business risk management strategies and programs, maintain and enhance existing programs to support the business(es) in managing risk while meeting business and regulatory expectations.
- Oversee the timely and proper execution of the risk management program within and/or across the lines of business.
- Own process and/or regulatory relationship liaison.
- Provide risk expertise while working with the businesses and other risk partners (e.g., Compliance, Credit, Legal, Audit).
- Monitor changes in internal and external factors and identify emerging risks.
- Lead and engage cross functional teams and develop internal capabilities.
- Assess and effectively manage all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.
Benefits
- medical/prescription drug coverage (with a Health Savings Account feature)
- dental and vision options
- employee and spouse/child life insurance
- short and long-term disability protection
- 401(k) with PNC match
- pension and stock purchase plans
- dependent care reimbursement account
- back-up child/elder care
- adoption, surrogacy, and doula reimbursement
- educational assistance, including select programs fully paid
- a robust wellness program with financial incentives
- maternity and/or parental leave
- up to 11 paid holidays each year
- 9 occasional absence days each year, unless otherwise required by law
- between 15 to 25 vacation days each year, depending on career level; and years of service.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
