Senior Risk Officer (Hybrid)

First Citizens Bank•Raleigh, NC

3d•Hybrid

About The Position

The Senior Risk Officer will advance and strengthen the Third-Party Risk Management (TPRM) Program and Framework. The role leads strategic initiatives to improve the effectiveness, efficiency, and regulatory alignment of third-party risk management capabilities while supporting ongoing program maturity objectives. It will contribute to implementing TPRM artificial intelligence and automation initiatives intended to improve operational efficiency, reduce third-party due diligence costs, and shorten review cycle times. The Senior Risk Officer partners across Risk, Technology, and Business Lines to identify ways emerging technologies can improve the quality, consistency, and scalability of risk assessments. The position also advances alignment of TPRM methodologies and lifecycle processes with evolving regulatory expectations and industry best practices. This includes evaluating and enhancing processes, supporting framework development, and defining business requirements for the TPRM system of record to streamline workflows, improve execution, enhance data quality, and strengthen reporting and management information. The Senior Risk Officer serves as a key resource during internal and external examinations, including Audit, Second Line Quality Control reviews, and regulatory inquiries, providing subject matter expertise and supporting evidence requests. This is a hybrid role, with work regularly taking place both inside and outside a company office.

Requirements

A bachelor's degree and 6 years of experience in Enterprise Risk or Operational Risk, and Project Management or Internal/External Consulting; alternatively, a high school diploma or GED/equivalent and 10 years of experience in Enterprise Risk or Operational Risk, and Project Management or Internal/External Consulting.
Skills in building productive relationships.
Knowledge of banking regulations and compliance.
Knowledge of policy, procedure, and governance.

Nice To Haves

7 years of progressive third-party risk management program, governance, and/or reporting experience.
Experience leading change management initiatives.
Experience at a large financial institution.
Experience in information technology or cybersecurity.
Knowledge of risk techniques, practices, and control frameworks.
Knowledge of 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.

Responsibilities

Lead implementation of TPRM artificial intelligence and automation initiatives to improve operational efficiency, reduce due diligence costs, and accelerate review cycle times.
Drive enhancements to the TPRM Program and Framework to align with evolving regulatory expectations and industry-leading practices.
Develop and maintain third-party risk methodologies, standards, and lifecycle processes that improve consistency, effectiveness, and risk oversight.
Define and prioritize business requirements for the TPRM system of record to improve workflow automation, reporting, data quality, and user experience.
Enhance fourth-party risk management and concentration risk oversight through improved dependency mapping, monitoring, and reporting capabilities.
Provide subject matter expertise and support evidence requests during internal and external examinations, Audit, Second Line Quality Control reviews, and regulatory inquiries.