Senior First Line Risk Manager - Deposit & Payment Operations (Remote)

$106,304 - $163,000/Yr

First Citizens Bank - Raleigh, NC

Full-time - Senior

Remote - Raleigh, NC

Credit Intermediation and Related Activities

About the position

This remote position is for a senior first line risk management professional responsible for supporting and executing various risk programs and activities within the Deposit & Payment Operations organization. The role involves managing risks and controls across all risk types, facilitating compliance with risk policies, and serving as a communication channel between the Chief Risk Office, regulators, and business units. The position may also involve managing the work of others and mentoring associates.

Responsibilities

• Lead and execute all risk program requirements including RCSA, control assurance, issue management, and third party risk management.
• Provide risk guidance and advice to enhance the control environment, including identifying and documenting key processes, risks, and controls.
• Perform process observations and ensure alignment of RCSAs.
• Develop and monitor key risk indicators and identify opportunities for mitigation.
• Create, distribute, review, and challenge risk reporting with senior leadership in Deposit & Payment Operations.
• Advise on risk activities and assessments related to strategic initiatives and regulatory commitments.
• Identify and escalate risks, monitor issues, and engage with business to create mitigation plans.
• Develop and implement issue governance routines with business leadership.
• Develop control assurance test plans and coordinate process walkthroughs for SOX and first line controls.
• Partner with second and third lines in testing, audits, and exams.
• Enhance policy and regulatory change management processes to aid business in building actionable implementation plans.
• Work with FRM leader and senior management to create risk management strategies and ensure key risks are managed appropriately.
• Support the development, implementation, and maintenance of the organization's risk management framework, policies, and procedures.
• Manage a book of work to identify gaps and assess capacity, ensuring alignment with strategic objectives.
• Develop test plans and methodologies for evaluating control activities and execute control testing procedures.
• Lead the tracking and resolution of issues across the organization, ensuring timely escalation and remediation.
• Collaborate with BU and stakeholders to develop action plans and mitigation strategies to address root causes.
• Monitor the status and effectiveness of issue remediation efforts and provide regular updates to senior management.
• Coordinate with other functions to ensure alignment with broader risk management and governance objectives.
• Participate in regulatory inquiries, examinations, and audits, supporting regulatory submissions and reporting requirements.
• Develop BU risk reports that provide a comprehensive view of risks impacting the BU and monitor BU risk and control performance.

Requirements

• Bachelor's Degree and 8 years of experience in Financial Services, First Line Risk, Enterprise Risk or Operational Risk, OR High School Diploma or GED and 12 years of experience in the same fields.
• Proven business functional knowledge of Large Financial Institution enterprise payment functions including debit and credit card, ACH, wires, and real-time payments.
• Compliance certifications and/or knowledge of regulations such as Reg E, Reg CC, Reg D, UDAAP, BSA/AML.
• Knowledge of risk techniques, practices, and control frameworks.
• Solid problem-solving skills with the ability to collaborate and influence associates and senior management.

Nice-to-haves

• Advanced Degree
• Risk Management experience in multiple lines of defense.
• Proven experience of leading multiple risk deliverables and/or projects concurrently.

Benefits

• Comprehensive benefits program including customized offerings to support families.
• Variable incentives, bonuses, and other awards as outlined in the offer of employment.